Category: Economy & Investments & markets & Shares & Uncategorized
The warning signs for the Chinese economy began way back in July, when the Shanghai Composite Index lost more than 8% on a single day. Overall, during the month of July the market suffered its worst month for six years, losing 29% from the peak June price.
Category: Housing & Tax & Uncategorized
According to HM Revenue & Customsâ (HMRC) policy paper, âRestricting Financial Cost Relief for Individual Landlordsâ itâs not just mortgage interest to which the change in tax relief applies. As well as mortgage interest, finance costs include interest on loans to buy furnishings and fees incurred when taking out or repaying mortgages or loans. The changes do also apply to mortgage arrangement, booking and valuation fees.
Category: Family & ISA & savings & Uncategorized
Children born after 3 January 2011 â or those aged under 18 and born before 1 September 2002 â can open a Junior ISA. This also applies for those children born between 1 September 2002 and 3 January 2011 who are not eligible for a Child Trust Fund (CTF).
Category: Economy & Interest Rates & Uncategorized
In August 2015, unemployment increased for the second month in a row, adding weight to the arguments of ratesetters in the âlower for longerâ camp. Latest ONS figures showed the jobless total up 25,000 in the three months to June to a total of 1.85 million, however, the unemployment rate itself did not shift. Interest rates were held in early August by a vote of 8 to 1, as the Bank released its latest inflation report showing expectations that a first rise would come in or around February 2016.
Category: Currency & Lifestyle & Uncategorized
The strong Pound, with the Euro at a historic low in Europe, suggests that this is the time for you to travel from the UK to Europe, when time there will be less expensive than it has been in years. One Euro in summer 2014 exchanged at around 80p sterling, but this summer this has come down to around 70p per Euro â 12.5% less. The pound now goes a long way in the Euro zone!
Category: Health & Lifestyle & savings & Uncategorized
Concerns over money dominate the thinking of pre-retirees, according to new research from Retirement Advantage. Conducted by YouGov in May 2015 with over one thousand survey respondents aged over 50 and not in retirement, the study finds almost half (49%) of the over 50s are worried about not having enough money in retirement to do the things they want to do, compared to just over a third (37%) who are concerned about health problems.
