Greece’s recovery

Greece’s recovery

According to the International Monetary Find (IMF) Greece has made a strong start in getting its finances in order but the government risks being over complacent about its ability to grow the economy in the medium term.  Money was lent to Greece by the IMF and Eurozone members in exchange for far-reaching spending cuts and led to violent protests on the streets.

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The end of interest only mortgages

The end of interest only mortgages

Following Coventry Building Societies announcement that they will no longer allow interest-only mortgages for first-time buyers – does this spell the beginning of the end of interest only mortgages?

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Business protection – do you need it?

Business protection – do you need it?

The day-to-day pressures of running a business could mean you rarely get the opportunity to think about the ‘what-if?’ scenarios that face you every day.

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Inheritance Tax mitigation

Inheritance Tax mitigation

The wealthy have no time to lose in planning their IHT mitigation

The recent announcement that Inheritance Tax (IHT) mitigation via transfers into trust is likely, in future, to be included in the Disclosure of Tax Avoidance Schemes (Dotas) regime is not good news.

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Inflation falls but is still above target

Inflation falls but is still above target

The cost of Transport fall, but prices for food rise as inflation drops to 3.1%, but is still well over above the 2% target. Inflation dropped down in July, but remains far above the government target imposed on Bank of England.

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Consumer confidence

Consumer Confidence

This week saw consumer confidence drop to its lowest level for 15 months, it also saw the pound falling against the US Dollar as investors became nervous about the state of the world economy.Consumers are perhaps worried about the level of disposable income they will have over the months ahead and the emergency budget and inflationary pressures such as rising food and petrol costs are adding to this worry.

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How long till the economic outlook will be considered “normal”?

How long till the economic outlook will be considered “normal”?

Bank of England governor Mervyn King believes it will be a long time before the economic outlook will be considered “normal”.  Wider economic problems around the world underline the fact that we cannot be confident that the recovery in demand, output and employment  in the UK will be sustained.  The fiscal tightening measures proposed by the Government will not choke off recovery, but it will slow economic growth over the next two years.

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Emergency money lending – where to turn when you need cash

Emergency money lending – where to turn when you need cash

Apart from the obvious one for those still blessed with the option of the ‘Bank of Mum and Dad’, who do you turn to for a quick, short-term loan?

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Capital Gains Tax – where are we now?

Capital Gains Tax – where are we now?

  • Pre-Budget Report, 9th October 2007 – CGT flat rate of 18% for gains on non-business assets made on or after 6th April 2008.
  • 6th April 2010 – income tax rate of 50% for those with incomes in excess of £150,000.

This all adds up to a differential of 32% for those individuals.  Was this sustainable?

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VAT – Budget rise in sales tax was ‘unavoidable’ says Chancellor

VAT – Budget rise in sales tax was ‘unavoidable’ says Chancellor

We all pay it and we’ll all feel it.  The increase in the rate of VAT to 20% from 4th January next year will bring in £13 billion of extra revenue over the lifetime of the current parliament.

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