The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
Irish TimesIf you have any assets overseas you need to read thisIrish TimesTens of thousands of Irish people who spent time working in the UK or farther afield have built up state pension benefits. As these are generally tax-free in the jurisdiction where ... And for anything other than income earned through the PAYE system ...
Mirror.co.ukMortgage price war erupts as Santander knocks £264 a year off bills ...Mirror.co.ukLenders are pushing mortgage rates ever-lower as they compete to win your business amid a housing market slowdown - and it could save you hundreds.Should you take the 0.89% mortgage or a longer fix?This is MoneyCheapest mortgage launched | Money | The Times & The Sunday ...The Times (subscription)Mortgage price war: what does it mean for buy-to-let?Simply Business knowledgeall 10 news articles »
The SunThird of Brits have no spare cash after paying bills as cost of living continues to riseThe SunBritain went on a spending binge after the Brexit vote — racking up records amounts of debt. But a fifth of UK consumers now say they are either unable to meet their minimum credit card payments each month or “just about manage”. And around 22 per ...
Business InsiderI've spent nearly 15 years working in finance, and here are the 7 best pieces of advice I can give you about moneyBusiness InsiderIf you decide to get a credit card, pay off your full balance each month. If you can't, then credit cards are not for you. Think of it this way: The interest rate on your credit card is likely higher than the average investment return in the stock ...
Mirror.co.ukDesigner is mortgage free after spending £15k transforming parents' disused garage - now it's worth ten times thatMirror.co.uk"I was living at home to save money while working as a teaching assistant and running the business. I used to stare at ... "I'm quite a stay at home person and I like homely things and it just seemed silly to waste money on rent when I could convert ...Designer is mortgage free at 27 after transforming disused garages into a stunning cottage for just £12000The Sunall 4 news articles »
Have you met...
Latest Members:


yuanyuan


Upton


afnaan


mugs200


lw789


wqwq


adwhitco

 

Budget Reflections

This Budget felt very different.

Usually we spend the speech neither listening to what the government is saying
nor to the doom laden responses of the loyal opposition, but next day we rush to the
papers to look at the tables of comparison that tell us how much
better or worse off we might be if we are pensioners, borrowers, savers, parents, 

smoke, drink or drive a car.  All the technical stuff about government borrowing and national indebtedness, pass
us by, as most of us  live in the present rather than the longer term .

I asked a friend how he felt after Wednesday's Budget. His answer:  ' Oh a bit
better off, because I can save more in ISAs' .  He also liked the extension
of the stamp duty exemption on properties at the lower end of the market as youngsters
in  his family are trying to get on the housing ladder.  So he was
responding as you would expect, but then he said 'But I'm really concerned
about all this government borrowing because the payback, when it comes,

will affect everyone in my family, and their friends, as well as me, for
years and years to come.'

I wonder how many of us feel the same.  This Budget is like an iceberg
with a red flag on top. The red flag, taxing the rich at 50%, was a
distraction; the immediate changes to savings and house purchase and the
like, are the 10% of the iceberg above the water clear for all to see. But when you look at
the great mass, the 90% that's below the water line things really do
look very worrying  and the water looks very murky.

Buried deep, down there in all the detail, along with the
devil, comes something I spotted which will affect a lot of people in my part of the
country in East Anglia: the decision to scrap tax breaks and
concessions, that were introduced to encourage investment in self catering
holiday cottages and boost the tourism industry, after April 2011. Many
people will sell up and tourism, a cornerstone of many local economies and the UK economy,
will suffer at a time when it was thought that the the home grown holiday
trade would benefit as people stayed in the UK. Just one tiny detail from the depts.

So what else is lurking there as yet unnoticed by the majority of people, I wonder.

My friend's last comment was also pointed : ' Who on earth would be mad
enough to get themselves elected, when they have to sort all this lot out?
Who indeed!!'


Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks