Money Tips Podcast

In 2004, I attended an amazing three-day leadership Summit in Anaheim California. It was organised by the late great Jim ‘how to have your best year ever’ Rohn with a host of other speakers including Brian Tracy, Denis Waitley and Charlie ‘Tremendous’ Jones!   It was one of the best organised events I’ve ever attended. I bought a gold ticket and was given an allocated seats three rows from the fro...

What changes should you make in 2021? More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   London goes in Tier 3 Tourist tax plan will wipe out jobs Wealth-tax planned on middle class Will stamp duty holiday be extended? Biggest economic decline in 300 years UK national debt now exceeds £2 Trillion  Government borrowing will reach £394bn Average house prices reac...

As the vaccine rollout starts, will the drug companies make huge profits and should you follow Warren Buffett by investing in big pharma shares?  More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Tourist tax plan will wipe out jobs Wealth-tax planned on middle class Will stamp duty holiday be extended? Biggest economic decline in 300 years UK national debt now...

Luxury goods and hospitality sector urge Rishi Sunak to drop planned tourist tax Harrods look dead just two weeks before Christmas Brexit negotiations in deadlock as deadline looms GDP slows prompting more recession fears More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Wealth-tax planned on middle class Will stamp duty holiday be extended? Biggest economic d...

In case you’re wondering how we are going to pay back all of this money that the government have printed and borrowed this year, take a look in the mirror. A one-off tax grab on wealth above £500,000 could recover much of the £280 billion the government has spent fighting coronavirus this year, according to a group of experts. A commission was set up led by assistant Professor Arun Advani at Warwi...

The national debt reached £2.08 trillion by October 2020, up £276.3bn since the start of the financial year. Monthly borrowing, required because the treasury is spending more than it earns in taxes due to the recession, reached over £40bn in April and close to that again in May of this year following the first lockdown. Borrowing is on target to exceed £300bn for the year since the start of the co...

Buy to let landlords and property investors could be hit with another tax blow to the solar plexus.     Someone has to pay for all of this money they are printing and throwing around, so why not even investors saving for their retirement? Who is going to have sympathy for them?   Estate agents report a sharp fall in activity and asking prices in the London property market.   Larger houses in the s...

Pressure is mounting on the UK government Chancellor Rishi Sunak to extend the stamp duty holiday in order to avoid thousands of property purchases falling out of bed because they cannot meet the 31 March deadline. Experts warn thousands of property transactions will run out of time and collapse  Thousands of Mortgages approved on the basis that no stamp duty is payable  Tens of thousands will mis...

As most of the UK goes into the second lockdown this year, Chancellor Rishi Sunak has changed direction by extending the furlough scheme until the end of March and promising more generous help for self-employed people. Barely a week ago the Chancellor announced £22 billion package of aid for businesses affected by Covid restrictions, but infection rates have continued to climb forcing the governme...

Key points to consider:   The UK government is pumping billions into the economy and… Asset prices usually inflate after a fiscal stimulus, as they did after 2008 Property has been on a 12-year bull run and prices are at an all-time high Stamp Duty holiday, Furlough and tenant protection will end by March 21 OBR report for government says property prices will fall by 8% next year Anti-landlord leg...

Register now for life-changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ   Headlines Economic output falls 11.8% worst for 300 years Unemployment will rise to 7.5% or 2.6 million by Q2 2021 Borrowing now at £394 billion, national debt £1 trillion Millions face work-based pensions cut Public sector worker pay freeze Overseas aid budget cut Council tax set to rise Markets...

Chancellor announces £22 billion package of aid for businesses affected by new covid restrictions. Rishi Sunak promised grants of up to £2,100 a month for ‘Tier 2’ companies that are not forced to close but are struggling to be commercially viable. As many as 150,000 businesses could qualify for the payments, which could cost the Treasury £1.2billion.  The new Job Support Scheme replaces the furlo...

Today in Parliament, Boris Johnson announced further lockdown measures and business closures in selected cities where infection rates have increased.  Liverpool and Nottingham are among the cities where businesses such as gaming will be forced to close.  Last week, Chancellor Rishi Sunak Employees announced that people working for UK firms forced to shut by law because of coronavirus restrictions...

The state pension ‘Ponzi’ scheme becomes harder to fund as people live longer and the demographic ratio of working to retired people changes. There is no fund and the scheme relies on new entrants to pay out people in retirement. The age at which the majority of UK retirees qualify for the state pension has now officially changed to 66 following rises in the qualifying age in the last few years. F...

You may have heard the saying, “rich as Croesus”. Meaning that you have to exceeding wealthy to be richer than the king of Lydia in Asia Minor in 560 BC. He is believed to be the first person to mint coins as “money” from gold, although I visited a ruin in Rome where the Italian guid said the Romans first minted coins and coined the phrase which became known as money. Why was Croesus fabulously we...

UK house prices were up 5%, the highest growth rate in four years, in September year on year, according to the Nationwide Building Society’s lending data. Mortgage lending also rose, reaching a 13-year high, as the property market experienced increased post-lockdown demand. However, job loss fears and tighter mortgage lending criteria forced many young people to delay buying a property. Activity h...

Following the tragic loss of a dear friend and business partner this week, I was reminded of just how precious and fleeting life can be. We all should make the best of our time on this earth.   She certainly packed more into her short life than most people would in three lifetimes.   Someone once said that there are two things certain in this life:   Death and taxes!   We’re all going to die one d...

UBI or a universal basic income has been talked about by governments and think tanks for years. Now Germany has started an experiment to see if UBI can replace some of the income from the millions of jobs – both blue and white collar - expected to be lost to robots, machines and AI. Switzerland and Finland have previously ran UBI pilot schemes. Driverless vehicles alone will wipe out tens of milli...

On 9 August 2016, 25-year-old Hugh Richard Louis Grosvenor became the billionaire 7th Duke of Westminster, when his father, Gerald Grosvenor, suddenly died of a heart attack aged 64.  The Duke and his family are estimated to be worth at least £10.1 billion (US$13 billion), according to the Sunday Times Rich List in May 2019. The exact amount of wealth is difficult to estimate, since most of it is...

Could Wall Street tech stocks sell-offs and poor economic outlook indicate another market correction? Apple 6.7%. Amazon, Facebook and Microsoft dropped by 4%. Dow Jones Industrial Average closed 2.25% lower, S&P 500 fell 2.78% and Nasdaq dropped 2.95%. The global economy is expected to shrink by roughly 5% this year, which is huge.  With Covid-19 showing signs of a return, further lockdowns could...

The UK's largest housebuilders are being investigated by a watchdog after "troubling evidence" has emerged over the way leaseholds on newbuild housing estates have been sold to property buyers. Major companies like Barratt Developments, Countryside Properties, Persimmon Homes and Taylor Wimpey are facing legal action from the Competition and Markets Authority (CMA), which could take the developers...

As the recession deepens and the end of the furlough scheme looms, Ann Summers becomes the latest retailer to threaten landlords with CVA unless shop rents are renegotiated Some landlords are “burying their heads in the sand”, says Ann Summers boss Jaqueline Gold. Ann Summers is a hugely successful lingerie and sex toy chain, which has brought the industry from the backstreets into mainstream reta...

“No DSS” tenant blanket ban ignored by buy-to-let landlords despite ‘unlawful’ ruling by Judge The BBC has launched its own investigation into landlords who still advertise their properties to rent using the terms “No DSS” or “Working tenants only”. Last month, a District Judge has ruled that blanket bans on renting properties to people on housing benefit are unlawful and discriminatory. The count...

The Confederation of British Industry (CBI) head, Dame Carolyn Fairbairn, said that Britain’s City centres could become "ghost towns" unless the Prime Minister Boris Johnson does more to encourage workers to go back to the office, the head of the CBI says. New Look wants rents reduced to zero as part of CVA rescue package. Top 50 UK employers have no plans to fully reopen offices. Major UK employe...