Like a black cloud on the horizon, the prospect of mass unemployment is looming large. The impact of coronavirus on Britain’s businesses can already be seen with large-scale redundancy plans by the likes of Marks & Spencer, easyJet, Boots and British Airways. The ending of the furlough scheme in October is only likely to fuel … Read more
We are keen to help our daughter and son-in-law who have been struggling since lockdown: Should we gift or lend them the money? By This Is Money Reporter Published: 08:17 BST, 13 July 2020 | Updated: 08:17 BST, 13 July 2020 We are keen to help out our daughter and son-in-law who have been struggling … Read more
The majority of Britain has been stuck at home during lockdown and it could mean for many, they could see a hike in their household bills, perhaps due to more energy use or having to upgrade broadband. As restrictions ease, people will be likely to spend more of their cash at the local pub or … Read more
Though the restrictions on movement during lockdown have left many with a case of severe cabin fever, an unexpected upside has been Britons spending less and saving more. The most recent data from the Office for National Statistics released this week, revealed that collectively, we have saved £157billion in just three months. Meanwhile Bank of … Read more
Self-employed borrowers frozen out by banks since lockdown get some hope as small building society offers a new ‘bounce back’ mortgage Self-employed will have been hard pressed to find a mortgage so far this year Banks have limited who they lend to as worries over the economy loom New deal could help by letting those … Read more
Sir Alec Reed is founder of Reed, one of the most familiar names in recruitment. He started the business in Hounslow in 1960 and was knighted in 2011. Below, he outlines a five-point plan to get Britain back to work – including a 35-hour working week and basic income tax to be scrapped. Before beginning … Read more
Funds invested in the US, in technology and in gold have topped the charts for the best performers of 2020 at the end of its tumultuous first six months. While the massive global markets sell-off in March was indiscriminate, the recovery was less so. Sectors deemed vulnerable to Covid and the changing commercial landscape it … Read more
Now that’s a lockdown investment! Saver scoops £1m Premium Bond jackpot with May purchase as £4.5bn worth are snapped up in three months The Tyne and Wear saver secured a 4,900% return on a £20,000 punt in May It was the first draw their investment was eligible to win prizes in Figures from NS&I suggest … Read more
It has not been the easiest few months for savers. Rates were already languishing before the coronavirus pandemic, but now they are racing quickly to to the bottom. Two Bank of England base rate cuts and an economic shutdown, along with people piling money into the safe haven of savings accounts, has resulted in the … Read more
Many middle-aged savers face a cash-strapped old age as TWO recessions could blight their best working years: How to sort out YOUR pension now Just 5% of middle-aged workers are saving more than £750 a month You need to put aside £800 to fund a ‘moderate’ retirement lifestyle Many will probably go on working well … Read more