Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Cladding Scandal Sees Buildings Insurance Premiums SOAR 1000% As Insurance Premiums Across The Board Rise, How Can You Save Money? Owners of properties blighted by fire hazard cladding face 1000% hike in their building’s insurance and no solution for those trapped in unsafe and unsaleable flats. A 28 year old woman from Leeds, who bought her first flat two years ago, has declared herself bankrupt after handing back the keys to her virtually worthless property. But did she need to declare bankruptcy? Insurance practice a process known as ‘walking the price’, which will cost you thousands if you stay with the same company for years. 10 Tips To Save Money On Car Insurance: 1. Rule Number 1. Loyalty does not pay! 2. Never auto renew without shopping around first 3. Check renewal 2-3 weeks in advance of renewal date 4. Go for low mileage insurance if you are not driving so much now 5. Young drivers can save by adding an older, more experienced driver 6. Try getting quotes for multi-car policies which can save you

DEADLINE EXPIRES MIDNIGHT 29 JANUARY 2021 Application eligibility for the third Self-employed Income Support Scheme (SEISS 3) grant, expires tonight. This grant covers up to 80% of lost income between November and January. If you meet the eligibility criteria the grant will provide a lump sum up to £7,500 to cover up to 80% of your average trading profits. Only use the official Government claims portal, which you can do at any time until 29 January 2021. Once you apply, HMRC will check your claim and pay your grant into your bank account within six working days. You will get an email when your payment is on its way. https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme We are expecting a fourth grant covering a percentage of average income from February to April 2021, but may have to wait until the March budget before Chancellor Rishi Sunak makes any announcement. The fourth grant could change the way funds are allocated to prevent thousands of self-employed people slip

Unemployment rises by highest rate since 2009 crisis – what can you do to earn extra money? · Young people aged 25 to 34 face biggest risk of redundancy · Unemployment rate hits 5% with 1.7m jobless according to ONS · 9 million people forced to borrow to cope with COVID-19 disruption · 400,000 extra people were jobless in November 2020 compared to previous year · Millions of jobs won’t come back after lockdown – how can you survive in new economy? · AI and new technology will force millions of workers to retrain and learn new skills Proposed Leasehold Reforms Could Save You 1000’s Extending Leases Or Buying Freeholds Click Here For Free Leasehold Reforms Report - https://aw102f27.aweb.page/awlist5290445 By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. See more articles at www.moneytipsdaily.com 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 o

Thousands of small businesses are set to receive previously refused insurance claim payments covering losses from the first national lockdown last year, following a court ruling. Supreme Court judges found in favour of small firms receiving payments from Business Interruption Insurance policies. The ruling provides a lifeline to thousands of small businesses, allowing them to survive the coronavirus crisis, but could cost the insurance sector hundreds of millions of pounds and lead to higher premiums in the future. The financial watchdog, the Financial Conduct Authority (FCA), brought the test case, with eight insurers agreeing to take part in proceedings. The major business insurer Hiscox... Full article...and more at www.moneytipsdaily.com Other Money News · HSBC to close 82 branches in the UK · China’s economy grew by 6.5% in last quarter of 2020 · As London’s populations falls, will City Centres recover? · Mastercard may have to pay millions of cardholders compensation following court ruling See also: Hav

Following the third Covid-19 lockdown, which started 5 January 2021, the UK Chancellor, Rishi Sunak, announced a further £4.6 billion in grants to the retail, hospitality and leisure sectors. This new round of support follows extensions to the job retention and loan schemes revealed on 17 December 2020. There may be more to come with the Budget on Wednesday 3 March 2021. New lockdown 3.0 grants An extra £4.6 billion in lockdown grants has been directed at the worst affected sectors. New grants for closed retail, hospitality and leisure businesses have been introduced. The new grants are in addition to all other forms of support, such as the Lockdown Restrictions Support Grant (LRSG (Closed) Addendum) which applied to businesses that were forced to close between 5 November  and 2 December 2020...full article and details available at www.moneytipsdaily.com By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.  There are more e

The third Self-employed Income Support Scheme (SEISS) grant, announced by Chancellor Rishi Sunak on 5 November, has opened up for applications. This grant covers up to 80% of lost income between November and January. If you meet the eligibility criteria the grant will provide a lump sum up to £7,500 to cover up to 80% of your average trading profits. Beware of scams and only apply via the official Government claims portal, which you can do at any time until 29 January 2021. Once you apply, HMRC will check your claim and pay your grant into your bank account within six working days. You will get an email when your payment is on its way. https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme To apply, or check eligibility, you will need the following official government information: · Self-assessment unique taxpayer reference (UTR) – if you do not have this, find out how to get your lost UTR. · National insurance (NI) number – if you do not have this, find out how to get

The Transport Minister has announced that all international travellers will shortly have to provide proof of a test negative for Covid-19 before departing to the UK. Passengers arriving by plane, train or boat, including UK nationals, must take a test up to 72 hours before leaving the country they are in. Passengers arriving from countries which not on the government's travel corridor list must still self-isolate for 10 days, regardless of their test result. Mr Shapps told LBC the testing rule will come into force "likely on Wednesday or Thursday next week", and details of how to get tests abroad will be published on the gov.uk website. Under the new rules - which are expected to come in from next week - anyone who arrives in the UK and has not got proof of a negative test could face an immediate £500 fine. But there will be exemptions for: · children under 11 · hauliers · those travelling from countries without the infrastructure to deliver tests - although details of those have not been released yet · arriv

It’s not the strongest and fittest, but the most adaptable and flexible that survive a crisis 5 Quick Tips To Help Your Business Survive in 2021: 1. If you haven’t done so already, get online and learn how to sell your goods and services to billions of people buying stuff on the internet every minute of every day. 2. Stay open for business as much as legally possible when others close up. 3. Increase your level of service instead of reducing it like most people do! 4. Look for new opportunities which are always out there, especially in recessions. 5. Check .gov website for any grants, support or relief available for your business. 6. Lastly, hang in there and don’t despair! See also episode - 7 Steps to Transform Your Finances in 2021 Whatever New Year’s resolutions you make, set realistic, achievable goals and write them down! Here are my 7 steps to transform your 2021: 1. Review your finances and start saving 2. Review your consumer debts and credit cards 3. Review you spending habits – Use the 3 R’s 4. Rev

Happy New Year or Happy New Tier! Every year, we change from one year to another, but last year it seemed that we were changing from one tier to another! This is a time to reflect on how things have gone for us, especially since 2020 was the strangest year in our lifetime. Of course, there have been losers, but there have been massive winners too. People running or adapting to an online business models have seen their wealth grow, while many traditional retailers have collapsed. The point is, it’s not the economy that matters is YOU and your U’Conomy Brexit has happened and the UK is now out of the European Union, but not out of Europe.... Full articles and money news available at Money Tips Podcast - www.moneytipsdaily.com 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 out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wea

Which drug companies will benefit from Covid vaccine? 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 exceeds £2 Trillion · Government borrowing will reach £394bn · Average house prices reach an all time high · Thousands trapped in unsellable leasehold flats · Government extends ban on landlords evicting tenants · Why UK Property prices rising after stamp duty cut, despite the downturn? · New planning rules will open up more opportunities to make money in property · You can create a second income during the lockdown…and come out stronger · Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-

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 decline in 300 years · UK national debt now exceeds £2 Trillion · Government borrowing will reach £394bn · Average house prices reach an all time high · Thousands trapped in unsellable leasehold flats · Government extends ban on landlords evicting tenants · Why UK Property prices rising after stamp duty cut, despite the downturn? · New planning rules will open up more opportunities to make money in property · You can create a second income during the lockdown…and come out stronger · Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus loc

UK government planning emergency wealth tax grab to pay for coronavirus pandemic 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 Warwick University last April to look into a wealth tax in Britain. Measures being considered include a 5% levy on: · housing · pensions · business · equity and · savings wealth. At £500,000, around 8 million Britons, or one and six adults, would be hit by the wealth tax...... Full articles and money news available at Money Tips Podcast - www.moneytipsdaily.com · 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 price

Should the government extend Stamp Duty holiday? 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 miss the 31 March stamp duty holiday deadline · Borrowers could have to find up to £15,000 more to fund their purchase · Lenders were may withdraw mortgage offers, causing thousands of transactions to collapse · Not enough man power in the market to get these transactions through before 31 March 2021 · Mortgage processing delays, shortage of surveyors and solicitors available to complete legal work · Bank of England figures published this morning reveal a spike mortgages approved in October · Mortgages up 5.9% on previous month to 97,532 and 51% up on the same period

What is the outlook for the UK property in the next 12 months? 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 legislation and taxes could push investors into selling mode · Interest rates are at an all-time low and are expected to remain low for years · Government 5% deposit help scheme could boost first-time buyer purchases More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com 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 out on Amazon http://bit.ly/2MoneyBook. I

Biggest economic decline since 1709, as cost of coronavirus crisis rises to unprecedented levels. 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 still riding high despite downturn · Britain’s largest estate agent in rescue plan More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com Register now for life changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles

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 coronavirus crisis. The UK economy bounced back in the third quarter, but will falter again due to the current second lockdown which is killing businesses and jobs. Two more high street clothing chains went into administration this week putting thousands more jobs at risk. UK debt exceeds the size of the UK economy, with debt having reached 100.8% of the country's gross domestic product (GDP). Debt levels of this magnitude have not been seen since the early 1960s while paying off the debts of World War Two. Whilst the government always repays debt on due dates, it has to borrow new money - and take on more debt - to do

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 government to adopt a new approach. Support through the Self-Employment Income Support Scheme (SEISS) will be increased, with the third grant covering November to January calculated at 80% of average trading profits, up to a maximum of £7,500. However, millions of small business owners are slipping through the net and will not qualify for any help. Stock markets went up and house prices have hit new highs following the bad news during the worst economic crisis since the second world war! More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com By Charles Kelly, Wealth Mentor, Property Investor, A

UK house prices went up again in October, at the fastest rate for five years, as buyers scrambled to beat next year's stamp duty deadline, the Nationwide Building Society reports. Annual house price growth rose to 5.8% and the average price is now £227,826. A similar survey by the Halifax show an even higher annual growth rate of 7.3% For the next five months, buyers of properties valued at up to £500,000 in England and Northern Ireland will not have to pay stamp duty on the purchase. Second home buyers and buy-to-let investors will still have to stump up the 3% tax grab surcharge. How long will the boom last? Booms are usually followed by bust, something which has not escaped the attention of the Bank of England. Official figures released by the central bank this week revealed that home-buyer mortgage approval climbed to a 13-year high in September. There are fears that the market is heading for a cliff-edge with potential buyers possibly pulling out of transactions in 2021 if they cannot meet the stamp duty

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 furlough and will be extended to firms that are legally allowed to open. It will be more generous allowing employers to pay just 5 per cent of staff wages, while the minimum threshold for hours worked will be reduced to one day. If an estimated two million people enrol, it could cost the Treasury £6billion. Mr Sunak also increased grants for self-employed workers to 40 per cent of the average profits, up to a maximum of £3,750 a month, which could cost about £3billion. Government borrowing was revealed to be running at £1billion a day during the pandemic. More articles and money news available at Money Tips Podcast - www.m

Emergency help for energy bills announced by Ofgem The UK Energy regulator, Ofgem will introduce new rules from 15 December to help vulnerable customers struggling to pay their energy bills this winter. Gas and electricity suppliers will be required to offer customers cannot top up prepayment meters emergency credit. Where customers are in debt, suppliers must put them on "realistic and sustainable" repayment plans. This comes as Ofgem are cutting the price cap on default tariffs and prepayment meters, due to falling gas wholesale prices, which means up to £95 lower energy bills for millions of people this winter. More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com · Centrica share price in decline · Welsh Government lockdown · UK state pension age rises to 66 By Charles Kelly, Wealth Mentor, 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, Y