Money Tips Daily by Charles Kelly, former IFA and author of

The US economy expanded at its fastest rate in decades last year as it bounced back from lockdowns. Official figures from the Commerce Department revealed that the economy grew by 5.7% and by 6.9% in the last quarter – the highest growth since 1984. However, the US Federal Reserve announced this week that a rate rise is 'appropriate' soon, while analysts expect growth to slow this year, due to gov...

UK Inflation rises again to the highest level for 30 years UK inflation has hit 5.4% mainly due to supply chain issues and soaring food and fuel prices, prompting fears that the Bank of England could raise interest rates again next month. Prices in the shops for basic everyday things have risen much faster than 5.4%. In some cases prices have risen by 50%, for basic items like bread, or package si...

Interest Rates Will Rise In 2022 – Time To Fix Your Mortgage Rate? Interest rates in the UK have already risen last year to 0.25% to curb soaring inflation, but rates may rise again as the cost of living continues to go up. Are you prepared for interest rate hikes? When will stock markets fall? Will property prices go down? People will always need somewhere to live and wealth, life expectancy and...

How are your resolutions and plans going? Do you want to lose weight, get fit, lead a healthier life or do something to improve your finances? Maybe you’re on a ‘Dry January’ programme? My gym was full this month of new members hoping to get fit and lose weight, but experience shows that many of them will sadly drop out within a few months. Make 2022 your best year ever! See: How will you prosper...

Nationwide and the Halifax have predicted the market would slow next year because the stamp duty holiday, which ended in September, forced buyers to bring purchases forward. Nationwide also said the slowdown could be made worse by the spread of Omicron. Interest rate factor ...  FULL ARTICLE   I want to thank all my viewers, listeners and readers for all your support this year, and wish...

How will you prosper in 2022? What does 2022 have in store for you? Some of you may not know, many will say that it depends on the economy, the government, Joe Biden or Boris Johnson. The answer has less to do with the economy and more to do with your own economy, or what I call your U’conomy. Ask yourself these questions: · What’s your plan? · Have you written down your goals, dreams and plans? ·...

The Bank of England has raised base interest rates for the first time in more than three years, in response to surging prices and an official inflation rate of 5.1%. The increase to 0.25% from 0.1% followed data this week that saw consumer prices, used to measure the UK inflation rate, climbing by the fastest rate for 10 years. The Bank's action will increase mortgage costs of homeowners and busin...

UK House prices rose 3.4% in the three months to the end of November, the highest price increase since 2006, and 8.2% higher than a year ago, the Halifax reports. The average UK property price hit a fresh record high of £272,992 in November, the UK’s largest mortgage lender said. But added that the pace of growth was unlikely to continue next year as household finances come under pressure. Propert...

High street retail has going through a tough time in recent years with hundreds of stores closing, but here’s why I think there is still a place for physical shops for many years to come. Even with the rise of Amazon and other online retailers 85% of retail sales are still made offline. Over 20% of stores are not even fully engaged online. In a strange twist, Amazon and other online retailer are o...

Stock markets fell sharply across the world after the discovery of a new Covid variant which threatens the economic recovery as more restrictions are introduced. London’s the FTSE 100 share index dropped by nearly 3%, while markets in Germany and France also declined following falls in Asia. 40 Year Fixed Rate Mortgage Launched Kensington Mortgages launched a mortgage product with a rate that can...

This year’s Legatum Prosperity Index finds that prosperity has plateaued for the second year running. Scandinavian countries, Denmark, Norway, Sweden, topped the list again, with the UK slipping to 13th place behind Ireland despite being the 6th largest economy in the world. The world’s biggest economy, the US, was ranked 20thand the number two economy China only ranked in 54th place, behind count...

An estimated 1,000 migrants illegally crossed into the UK on Thursday as the government warns the number of people departing from France with a “bon voyage” message form officials is "unacceptable". The figure could be the highest ever daily total of migrant crossings into Britain. The previous record for the number of migrants arriving in the UK aboard small boats in a single day is 853, set on 3...

Interest Rates Held At 0.1% But Will Rise In Coming Months Bank Of England Hints The Bank of England has indicated an interest rate rise in "coming months" to combat high inflation but held base rates. At the Monetary Policy Committee (MPC) on Thursday, policymakers voted 7-2 in favour of no change from the current record low rate of 0.1%. Bank governor Andrew Bailey said the decision had been a "...

Opening his second budget speech of 2021, the chancellor promised a stronger UK economy. The good news is the UK is recovering faster than its major competitors from Covid, the chancellor told MPs.  Rishi Sunak says the Office for Budget Responsibility (OBR) has revised up its forecasts for UK economic growth. The OBR now expects gross domestic product (GDP) to expand by 6.5% this year compar...

The property market crisis in China is growing, as another property developer failed to make a payment on a bond. Modern Land followed Evergrande and Fantasia by missing a bond payment indicating that China’s property crisis is deepening. Earlier this month, Fantasia Holdings Group defaulted on a maturing dollar bond that heightened concerns in international debt markets, Evergrande averted a cost...

The National Living Wage is widely expected to be increased by 6.6% to £9.50 from £8.91 for workers over 23 in this week’s budget. The pay increase for millions of workers is twice the current cost of living rises and will put further inflationary pressure on businesses to pass the additional costs to consumers. Retail sales continue to fall, as landlords ramp up the pressure on thousands of tenan...

As the price of Bitcoin hit $57,700, the Bank of England deputy governor Sir Jon Cunliffe said Cryptocurrencies need regulation as a "matter of urgency". Crypto technologies do not pose a risk to financial stability at the moment, but there are "very good reasons" to think that this might not be the case for much longer, Sir Jon said in a speech . A future collapse in the price of cryptocurrency c...

Cost Of A Comfortable Retirement Reaches £50,000 A Year For A Couple A study shows that a couple retiring in the UK will need £49,700 per year to live comfortably, an increase of £2,200. The Pensions and Lifetime Savings Association (PLSA) estimates that a “comfortable” retirement will include two cars, replacing items like a kitchen every 10-15 years, holidays abroad and £94 per week (Waitrose/M&...

As a second property giant fails to pay debt interest investors fear a property collapse in China’s real estate bubble. On Monday, a Chinese developer of luxury apartments Fantasia missed a $315 million payments to lenders, sparking fears that financial strains in the country's overheated property sector are spreading beyond the troubled Evergrande’s troubles. Other Business News Johnson Promises...

Job Furlough Scheme Ends For A Million Workers In UK What is their fate? Highlights: · 1 million job vacancies in UK · Reed Employment website is advertising 300,000 job vacancies · 100,000 lorry drivers needed in UK · 500,000 agricultural and food worker jobs vacant Do you want to be dependant on someone else to pay you money to live? New ‘world order’ is here – wake up! Millions of jobs done by...

10,000 Visas For Drivers And Poultry Workers Will Not Solve Food And Fuel Shortages The government’s widely anticipated emergency programme to issue temporary visas to up to 5,000 lorry drivers is not enough to fix Britain’s food and fuel supply-chain crisis and is unlikely to attract workers to the UK, haulage chiefs have warned. Ministers on Sunday announced rushed plans to add 5,000 HGV drivers...

Ministers will confirm on Sunday that 5000 temporary UK working visas will be issued to foreign lorry drivers to help fill job vacancies which are causing fuel and food shortages. It is understood that the scheme will run for three months and be capped at 5000 visas. Some will see this as a U-turn for the government’s Brexit principle of controlling our borders and cutting immigration to boost job...

Rising prices in the G20 group of major economies will grow faster than pre-pandemic for at least two years, the OECD forecasts. Consumers have suffered price hikes as higher commodity prices and shipping costs increase inflation for the first time in years, Paris-based policy forum reports. Inflation have reached 3.2% in the UK, highest rate of the advanced economies, and is expected to continue...

The huge Chinese property company, Evergrande, is repaying investors in its wealth management business with property instead of cash this week. The world's most indebted real estate developer faces a crunch this week while investors fear a default. Major banks have reportedly already been informed they will not receive interest payments on loans that are due this week and further interest payments...

A YouGov survey has revealed that 70% of staff will not go back to working in an office full-time, so where does this leave the commercial property sector? Full artice and video - https://youtu.be/msK7kcjbhbY Trending · Tensions rise as China denounces AUKUS Pact between US, UK and Australia · Highest price rises since CPI records began as inflation hits 3.2% - https://youtu.be/wv7-WPv-mHs · Emma...