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

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 run UBI pilot schemes. Driverless vehicles alone will wipe out tens of millions of jobs and AI is replacing white collar jobs in banking and investment, law and accountancy. Over 28 million people, or almost one fifth of the American workforce, were collecting some form of unemployment payment in the week ended 1 August, the BBC reports. Full articles available at Money Tips Podcast - www.moneytipsdaily.com Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added stre

Apple now worth $2 Trillion – which businesses are booming during coronavirus crisis? Apple becomes the most valuable US company ever as it hits $2 trillion milestone after it shares rose 60% this year. Elon Musk becomes the fourth richest person in the world after his stock holdings gained $8 billion in one day as Tesla's share price rise 11% to an all-time high – the share price has soared by 330% this year. He is now worth $84 billion despite owning a until recently loss-making company, which is apparently worth more than Toyota, Ford and General Motors, while selling a fraction of the number of cars! I have lived through at least four major recessions – early 1980’s, late 80’s to early 90’s, 2008 great recession and the current 2020 one which could be the daddy of them all. Unfortunately, there will always be winners and losers in recessions which naturally culls poor performing businesses by natural selection. Some businesses are booming during the coronavirus pandemic and recession, while other go under

Self Employed – have you claimed a grant through the Self-Employment Income Support Scheme? This scheme allowed the self-employed trader to claim a first taxable grant, which closed on 13 July 2020. The second and final taxable grant is worth 70% of your average monthly trading profits, and will be paid out in a single instalment covering 3 months’ worth of profits - capped at £6,570 in total. If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) use this scheme if you're eligible to claim the grant. Claims for the first grant are now closed, but the scheme is now open. If you’re eligible and your business has been adversely affected on or after 14 July 2020, you need to make your claim for the second grant on or before 19 October 2020. Who can claim? Full article and more available at Money Tips Podcast - www.moneytipsdaily.com

Hong Kong BNO passport holders snap up UK properties There is anecdotal evidence that Hong Kong buyers are investing in British property ahead of eventually settling in the UK. Following recent changes to the law, as many as three million Hong Kong residents could be offered the chance to settle in the UK and apply for citizenship, Boris Johnson announced last month. The British Prime Minister said Hong Kong's freedoms were being violated by a new security law and has handed a lifeline to those affected in the form of a "route" out of the former UK colony and in to UK citizenship. There are around 350,000 UK passport holders, and 2.6 million others eligible, will be able to come to the UK for five years. And after a further year, they will be able to apply for citizenship. British National Overseas (BNO) Passport holders in Hong Kong were granted special status in the 1980s but currently have restricted rights and are only entitled to visa-free access to the UK for six months. BNO passports were granted to al

Last minute UK quarantine rules forces thousands to cut short holidays in Europe The UK government has changed the quarantine rules for holidaymakers returning from France and the Netherlands. What does this all mean for your travel rights? Increased outbreaks of coronavirus have meant abandoning or changing holiday plans at the last minute, for thousands of travellers. France, the Netherlands Monaco, Malta and the Caribbean nations of Aruba and Turks and Caicos have been added to the growing UK's quarantine list, with also added. The announcement yesterday of a 14-day isolation requirement takes effect from 04:00 BST on Saturday 15 August. To add to this year’s holiday misery, anyone travelling to France from the UK will be forced to quarantine for 14 days upon arrival there, the French Embassy has confirmed. Tens of thousands of people returning holidaymakers from Spain and Belgium were subject to the quarantine rules. Stock markets around the world fell today on the news of increased covid 19 infection and

As the UK officially goes into the worst recession in decades - economy shrinks by 20% April to June – some sectors of the job market are recovering. The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year. Other articles available at Money Tips Podcast - www.moneytipsdaily.com Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 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 Char

Economic output measured by GDP was negative for two quarters, which means the UK is officially in recession. The Covid 19 driven recession has hit the UK harder than any of the major economies apart from Spain. UK Chancellor Rishi Sunak says recession, the first since 2009, is “unprecedented”. The number of people in work in the UK fell by 220,000 in the last quarter Due to the coronavirus lockdown, the number of people recorded as ‘in work’ fell by 220,000 on the quarter, according to the Office for National Statistics. The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year. More bad news for UK jobs is on the way with one in three UK employers planning further redundancies, which are up fivefold on last year. Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. UK economy shrinks by 20% April to June 2020 2. UK is officially in recession after successive GDP falls 3. One in three UK employers plan more r

Despite billions spent on the job retention ‘furlough’ scheme, UK employment dropped by the largest amount in over a decade between April and June, ONS figures show. Due to the coronavirus lockdown, the number of people recorded as ‘in work’ fell by 220,000 on the quarter, according to the Office for National Statistics. Before the lockdown, the UK had recorded the highest number of people in work and looked forward to a strong recovery following ten years of post-2008 recession austerity. The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year. More bad news for UK jobs is on the way with one in three UK employers planning further redundancies, which are up fivefold on last year. Other articles available 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 be

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 than June's £237,834. Overall average house prices are 3.8% higher than July 2019. The UK Chancellor Rishi Sunak recently introduced a temporary suspension of stamp duty on property sales up to £500,000 in England and Northern Ireland, which agents say have stimulated the market. Other articles 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 furthe

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 Galley, the Halifax managing director, said “pent-up demand and a lack of available houses had combined to push up prices”. The UK Chancellor Rishi Sunak recently introduced a temporary suspension of stamp duty on property sales up to £500,000 in England and Northern Ireland, which agents say have stimulated the market. Other articles available at Money Tips Podcast - www.moneytipsdaily.com 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 ob

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 rates low for 5 years 4. Lenders not passing on rate cuts, mortgage rates going up! 5. Half as many jobs are being advertised compared to last year 6. Will end of furlough see millions more unemployed this autumn? 7. UK property prices jumped by 3% since June following stamp duty cut 8. Why UK Property prices rising after stamp duty cut, despite the downturn? 9. New planning rules will open up more opportunities to make money in property 10. You can create a second income during the lockdown…and come out stronger 11. Learn how to make money from property without deposits, mortgages or cash There are more examples and p

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. London theatreland in darkness as 5,000 related jobs are lost 7. Half as many jobs are being advertised compared to last year 8. Eat out to help out launches in bid to boost restaurant trade 9. UK property prices jumped by 3% since June after stamp duty cut 10. Will end of furlough see millions more unemployed this autumn? 11. Unemployment could reach 10% and recession last until 2024 12. Staycations boom as UK hotels fill up, always check your travel insurance 13. Why UK Property prices rising after stamp duty cut, despite the downturn? 14. New planning rules will open up more opportunities to make money in property 1

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 decided”. Landlords take hit Pension funds and companies like Legal and General will be hit directly (affecting pension policyholders) and indirectly through their shareholdings in companies like Land Securities. Many landlords will have no choice but to bite the bullet and accept a lower rent or sit on an empty property. We have already seen one large retail landlord go into administration and I’m sure many more will follow. I’m hearing similar stories in other countries which either have no safety net (or even temporary furlough schemes, which are coming to an end, e.g. in America). I would expect to see more tenants u

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 employers ignore government ‘back to work’ advisory 3. HSBC to shed 35,000 jobs after 63% drop in profits and bad loans 4. London theatreland in darkness as 5,000 related jobs are lost 5. Half as many jobs are being advertised compared to last year 6. Eat out to help out launches in bid to boost restaurant trade 7. UK property prices jumped by 3% since June after stamp duty cut 8. Will end of furlough see millions more unemployed this autumn? 9. Unemployment could reach 10% and recession last until 2024 10. Staycations boom as UK hotels fill up, always check your travel insurance 11. Why UK Property prices rising after stam

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 3. Unemployment could reach 10% and recession last until 2024 4. NS&I paying 1%pa no minimum or early withdrawal penalties 5. Help to Save best deal of all with 50% bonus if you qualify on low income 6. Lifetime ISA 25% bonus, invest up to £4,000 for first-time-buyers aged 18-39 7. Payday lenders or ‘instant short-term loan providers charge up to 91% APR 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 lie

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 develop properties or by, refurbish and refinance? · Do you want to get into commercial conversions? · Are you cash rich and time poor what time rich and cash poor? You’ve heard the expression, “location, location, location” I say: “View, view, view”! Get out there, talk to agents, get online and start viewing. One of the most successful property people I know is disabled and in a wheelchair. Even before the internet, he did his research “viewings” from home before venturing out. He could not afford to waste any time. Training and CPD Know what you’re doing and never stop learning. Other articles available at Money Tips Po

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 aged 18-39 6.  Payday lenders or ‘instant short-term loan providers charge up to 91% APR 7. High street banks are charging as much as 40% just for an overdraught facility 8. Credit card companies still charging extortionate 16-20% despite low base rate 9. New Home Insulation Grants – Work must be quality checked say consumer groups 10. The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak 11. UK Property prices rise after stamp duty cut, despite rising unemployment Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the ec

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 out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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 rate could hit 15 per cent with second Covid wave, says OECD 6. The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak 7. UK Property prices rise after stamp duty cut, despite rising unemployment 8. British Chambers of Commerce said 28% of employers may cut jobs in next 3 months 9. UK Mortgages becoming more difficult to obtain and more expensive 10. Government planning CGT ‘tax grab’ on buy-to-let property investors 11. Nationwide now lending 90% for first time buyers reversing previous change 12. New planning rules will open up more opportunities to make money in property 13. Opport

 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 Passport processing backlog reaches 400,000 due to Coronavirus delays 5. UK unemployment rate could hit 15 per cent with second Covid wave, says OECD 6. The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak 7. UK Property prices rise after stamp duty cut, despite rising unemployment 8. British Chambers of Commerce said 28% of employers may cut jobs in next 3 months 9. UK Mortgages becoming more difficult to obtain and more expensive 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. H