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

More bad news for UK jobs. Redundancies are already up fivefold, one third of employers plan further job cuts and thousands have lost their job during the lockdown. UK house prices reached a new all-time high in July as the property market reopened, following months of coronavirus lockdown. The latest Halifax House Price Index showed the average price of a home was £241,604 last month, 1.7% higher...

House prices hit all time high after mini boom and stamp duty holiday UK house prices reached a new all-time high in July as the property market reopened, following months of coronavirus lockdown. The latest Halifax House Price Index showed the average price of a home was £241,604 last month, 1.7% higher than June's £237,834. Overall average house prices are 3.8% higher than July 2019. Russell Gal...

Bank of England More Upbeat Forecasts on Economic Recovery The UK central bank had revised forecast, but predicts that recovery will take longer than previously expected. Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. Governor of Bank of England more upbeat in his forecasts 2. Unemployment to double 7.5% and economy slump 9.5% 3. Base rates held at 0.1% and will keep ra...

Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. Investors seek save haven pushing Gold past $2000 barrier 2. Virgin Atlantic files for bankruptcy and is running out of cash 3. Pizza Express to close 67 branches in a £1 billion CVA rescue 4. Major employers ignore government ‘back to work’ advisory 5. HSBC to shed 35,000 and sets aside £13 billion to cover bad loans 6. Lo...

The popular chain said it plans to launch a company voluntary arrangement (CVA) in the “near future” in a bid to push down its rents and clear some of its £1 billion of debt. The restructuring arrangement will save the company from bankruptcy but could see the closure of 15% of 449 restaurants and the loss of 1100 jobs. A spokesperson said the final outcome of the restructuring has “yet to be deci...

Economic restart stalls as Coronavirus spikes and lockdown measures shut down 1000’s of businesses The hot weather seems to have little effect on Coronavirus, despite scientist’s predictions, and businesses have to put reopening plans on hold. Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. Manchester declares a state of ‘major incident’ after Covid rise 2. Major employe...

UK house prices bounce back in July from June fall, says Nationwide House prices rose by 1.7% during the month compared to a 1.5% fall in June, according to the lender Nationwide Building Society. Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. UK property prices jumped by 3% since June after stamp duty cut 2. How to find your ‘goldmine’ property area right where you are...

How to find your ‘goldmine’ property area Investors look for deals hundreds of miles away when there are plenty of opportunities on their doorstep. Know your area – every area has its sweet spot! Decide on your strategy: · Are you going down the buy to let route? · Do you want to be a landlord? · Are you good at managing property and could you build a rent to rent business? · Do you want to develo...

Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. Camden Town looking quiet, like the calm before the storm 2. Unemployment could reach 10% and recession last until 2024 3. NS&I pay 1% no minimum or early withdrawal penalties 4. Help to Save best deal of all with 50% bonus if you qualify on low income 5. Lifetime ISA 25% bonus, invest up to £4,000 for first-time-buyers...

See full article and more at Money Tips Podcast - www.moneytipsdaily.com By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness , I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it o...

Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. New rules start today on face coverings in UK shops and other establishments 2. New Home Insulation Grants – Work must be quality checked say consumer groups 3. Check your holiday destination Coronavirus update and insurance cover 4. UK Passport processing backlog reaches 400,000 due to Coronavirus delays 5. UK unemployment...

  Weekly Money Tips News Round Up - UK Property prices rise after stamp duty cut Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. New rules start today on face coverings in UK shops and other establishments 2. New Home Insulation Grants – Work must be quality checked say consumer groups 3. Check your holiday destination Coronavirus update and insurance cover 4. UK Pa...

UK Property prices rise after stamp duty cut , despite rising unemployment. The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak, according to the property website Rightmove. Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. UK unemployment rate could hit 15 per cent with second Covid wave, says OECD 2. British Chambers of Commerce said 28...

Does your business interruption insurance cover Coronavirus claims? Coronavirus Update Thousands of business interruption claims refused by insurers who say they ‘don’t cover that kind of interruption’… In a landmark case, UK financial regulators are taking insurers to the High Court in an attempt to settle claims for businesses which had no choice but to close down during the pandemic. The eight-...

Warren Buffett is one of the most successful investors of all time and one of the richest men in the world with a net worth of $79 billion, most of which he intends giving away to good causes. He leads a relatively simple life in Omaha, Nebraska and has lived in the same house since 1958. Multi-billionaire Warren Buffett is a ‘value investor’ who invests in companies for long term though Berkshire...

UK Property prices rise after stamp duty cut, say Rightmove The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak, according to the property website Rightmove. The number of sales agreed in England soared by 35% in the five days following Rishi Sunak's announcement on July 8, Rightmove said. The property market was showing signs of recovery, from a low in April, wi...

Mortgage shortage coming as lenders start to tighten their belts, due to Coronavirus Mortgage loans will be squeezed as lenders reduce number of products Mortgage lenders will start to slash the availability of competitive mortgage products, loans and other credit during the coming weeks despite consumer demand. Banks have informed the Bank of England that the supply of credit will fall this summe...

The UK Treasury has launched a “review” of the capital gains tax system to "ensure the system is fit for purpose", the BBC reports. Some experts are warning of "a tax grab" in the autumn to pay towards the multi-billion-pound cost of Coronavirus measures, such as the furlough scheme. The Chancellor, Rishi, Sunak asked the Office of Tax Simplification to investigate how capital gains are taxed for...

“No DSS” tenant blanket ban by buy-to-let landlords ruled ‘unlawful’ by Judge Is it still worth investing in buy-to-let property? A District Judge has ruled that blanket bans on renting properties to people on housing benefit are unlawful and discriminatory. The "momentous" court ruling found a single mother-of-two had experienced indirect discrimination when a letting agent refused to rent to her...

UK economy grew by 1.8% in May, slower than expected, as government bans Huawei Earlier contractions during the lockdown means the UK economy is now 24.5% smaller than it was in February, the ONS reports. Despite the government easing of lockdown restrictions, many shops are reporting a 75% fall in foot flow. The US economy is stalling as many states go back into lockdown including California. Und...

British MPs are urging the government to intervene and help 170,000 "prisoners" who are trapped it mortgages with high interest rates. Many of the borrowers are lower paid frontline workers, like nurses and hospital workers, who have no choice but to pay up to double the interest they would be charged on a normal competitive mortgage. They cannot re-mortgage to a cheaper deal offered by other lend...

UK economy opening up with help of £300 billion government financial stimulus – Money Tips Weekly News Roundup The UK government will this year inject an unprecedented £300 billion of financial aid into the economy in order to stave off the worst recession in 300 years. Rishi Sunak’s moves to retain as many jobs as possible have not been supported by large retailers, such as John Lewis and Boots C...

Opportunity is everywhere for everyone, especially in property! But you have to get off your arse! Even the 'Secret law of attraction' requires you to TAKE ACTION! Rishi Sunak Announces Stamp Duty Holiday And Measures To Kick Start UK Economy and Property Market. His moves to retain as many jobs as possible have not been supported by large retailers, such as John Lewis and Boots Chemists, which ha...

Stamp Duty, an Obscene Tax on Savers and Workers Who Buy Their Own Home Rishi Sunak Announces Stamp Duty Holiday And Job Creation Measures To Kick Start UK Economy Homeowners to get £5000 each in £2 billion government giveaway to insulate houses and create 100,000 green jobs… The UK Chancellor Rishi Sunak today announced a £2bn grant scheme in England for projects such as insulation as part of a w...

Homeowners to get £5000 each from the government to insulate their house The UK Chancellor Rishi Sunak is expected to announce a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut emissions and create 100,000 jobs. Stamp Duty could be cut by raising the threshold to 500,000 to boost the property market. In this Money Tips Podcast episode: 1. Homeowners...