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

UK Property prices rise after stamp duty cut, despite rising unemployment. The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak, according to the property website Rightmove. Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. UK unemployment rate could hit 15 per cent with second Covid wave, says OECD 2. British Chambers of Commerce said 28% of employers may cut jobs in next 3 months 3. UK Mortgages becoming more difficult to obtain with and more expensive 4. Government planning CGT ‘tax grab’ on buy-to-let property investors 5. Nationwide now lending 90% for first time buyers reversing previous change 6. Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000 7. New planning rules will open up more opportunities to make money in property 8. Opportunity is everywhere for everyone, especially in property! But you have ACT! 9. Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION! 10. You don’t need your o

Does your business interruption insurance cover Coronavirus claims? Coronavirus Update Thousands of business interruption claims refused by insurers who say they ‘don’t cover that kind of interruption’… In a landmark case, UK financial regulators are taking insurers to the High Court in an attempt to settle claims for businesses which had no choice but to close down during the pandemic. The eight-day trial started this week, with the Financial Conduct Authority (FCA) taking Europe’s largest insurers to court to establish whether they should pay out pandemic-related claims. Companies include Hiscox, RSA Insurance Group Plc, Zurich Insurance Group AG and five other companies will represent the industry at the....see full article. 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

Warren Buffett is one of the most successful investors of all time and one of the richest men in the world with a net worth of $79 billion, most of which he intends giving away to good causes. He leads a relatively simple life in Omaha, Nebraska and has lived in the same house since 1958. Multi-billionaire Warren Buffett is a ‘value investor’ who invests in companies for long term though Berkshire Hathaway, which has given shareholders a remarkable average annual return 20% since 1965. A single share in Berkshire now costs over $280,000. He looks to buy companies at a price which gives him a ‘margin of safety’. In other words, he only buys at below-market value and pays no regard to the sticker price quoted on the stock market. “Price is what you pay. Value is what you get.” Warren Buffett Can you apply this investment philosophy to property? Of course you can! All property investors want to buy property at below market value. However, very few take the time and trouble to keep researching the market in order

UK Property prices rise after stamp duty cut, say Rightmove The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak, according to the property website Rightmove. The number of sales agreed in England soared by 35% in the five days following Rishi Sunak's announcement on July 8, Rightmove said. The property market was showing signs of recovery, from a low in April, with agreed sales in England up 15% in June. Sunak raised the threshold for paying the stamp duty tax on property purchases up to £500,000 until March 31, 2020. Rightmove added that asking prices rose by 3.7% between June and July, with Estate Agents reporting increased interest and a shortage of property for sale. However, mortgage lenders Nationwide and Halifax reported falls in house prices and mortgage approvals which slumped to the lowest on record in May, according to Bank of England data. Is it still worth investing in buy-to-let property? Investment in buy-to-let properties can still be profitable when done pro

Mortgage shortage coming as lenders start to tighten their belts, due to Coronavirus Mortgage loans will be squeezed as lenders reduce number of products Mortgage lenders will start to slash the availability of competitive mortgage products, loans and other credit during the coming weeks despite consumer demand. Banks have informed the Bank of England that the supply of credit will fall this summer due to coronavirus pressures. This will be a blow to the UK economy, the housing market house buyers who need to borrow. The credit ‘crunch’ could mirror the position a decade ago after the financial crisis of 2008, although this recession has not been caused by a banking crisis. The financial downturn led to a withdrawal of loans and mortgage products for first-time buyers and buy-to-let investors. There is only one 2-year fixed-rate mortgage deal for borrowers with a 5% deposit, compared with 137 before the coronavirus crisis, according to Moneyfacts. For those with larger deposits, there is more choice, but the

The UK Treasury has launched a “review” of the capital gains tax system to "ensure the system is fit for purpose", the BBC reports. Some experts are warning of "a tax grab" in the autumn to pay towards the multi-billion-pound cost of Coronavirus measures, such as the furlough scheme. The Chancellor, Rishi, Sunak asked the Office of Tax Simplification to investigate how capital gains are taxed for both individuals and smaller businesses. "This review should identify opportunities relating to administrative and technical issues as well as areas where the present rules can distort behaviour or do not meet their policy intent," the chancellor said. "I would be interested in any proposals from the OTS on the regime of allowances, exemptions, reliefs and the treatment of losses within CGT, and the interactions of how gains are taxed compared to other types of income." Source: BBC. CGT is a tax on profits, which hits business owners, as well as millions of share and property investors. Investment in buy-to-let prope

“No DSS” tenant blanket ban by buy-to-let landlords ruled ‘unlawful’ by Judge Is it still worth investing in buy-to-let property? A District Judge has ruled that blanket bans on renting properties to people on housing benefit are unlawful and discriminatory. The "momentous" court ruling found a single mother-of-two had experienced indirect discrimination when a letting agent refused to rent to her. She ended up homeless with her two children, when her case was taken on by housing charity Shelter. The judge ruled "No DSS" rental bans are against equality laws. Investment in buy-to-let properties can still be profitable when done professionally. However, there are still many other opportunities to make money in property without the need for buy-to-let mortgages, large deposits or high rates of tax. Full article 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.

UK economy grew by 1.8% in May, slower than expected, as government bans Huawei Earlier contractions during the lockdown means the UK economy is now 24.5% smaller than it was in February, the ONS reports. Despite the government easing of lockdown restrictions, many shops are reporting a 75% fall in foot flow. The US economy is stalling as many states go back into lockdown including California. Under a new Bill, UK's mobile providers will be banned from buying new Huawei 5G equipment after 31 December, and they must also remove all the Chinese firm's 5G kit from their networks by 2027. See more at Money Tips Podcast website. 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 res

British MPs are urging the government to intervene and help 170,000 "prisoners" who are trapped it mortgages with high interest rates. Many of the borrowers are lower paid frontline workers, like nurses and hospital workers, who have no choice but to pay up to double the interest they would be charged on a normal competitive mortgage. They cannot re-mortgage to a cheaper deal offered by other lenders due to stricter affordability rules brought in by the Bank of England after they borrowed the money. MPs are now calling on the government to order regulators to investigate the profits firms make from the borrowers. They want the Competition and Markets Authority (CMA) and the Financial Conduct Authority (FCA) to consult and introduce a cap on so-called “standard variable rates”, which will help all borrowers coming out of fixed or discount rate mortgage deals. Hundreds of thousands of borrowers are unable switch mortgages because their loan is too high against the value of their home or because they are now too

UK economy opening up with help of £300 billion government financial stimulus – Money Tips Weekly News Roundup The UK government will this year inject an unprecedented £300 billion of financial aid into the economy in order to stave off the worst recession in 300 years. Rishi Sunak’s moves to retain as many jobs as possible have not been supported by large retailers, such as John Lewis and Boots Chemists, which have announced plans to lay off 5000 workers, despite the £1,000 per worker job retention bonus. The £1000 job retention bonus is not enough to persuade a company to keep someone on for six months and will only be claimed by employers which are probably going to take people back off furlough anyway. HK crisis deepens as UK offer BOP passport holders refuge from China’s grip. Self-employed have only days left to apply for government grant phase 1. If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020. This scheme is being

Opportunity is everywhere for everyone, especially in property! But you have to get off your arse! Even the 'Secret law of attraction' requires you to TAKE ACTION! Rishi Sunak Announces Stamp Duty Holiday And Measures To Kick Start UK Economy and Property Market. His moves to retain as many jobs as possible have not been supported by large retailers, such as John Lewis and Boots Chemists, which have announced plans to lay off 5000 workers, despite the £1,000 per worker job retention bonus. Unfortunately, a £1000 job retention bonus is not enough to persuade a company to keep someone on for six months and will only be claimed by employers which are probably going to take people back off furlough anyway. What’s your view? Homeowners to get £5000 each in £2 billion government giveaway to insulate houses and create 100,000 green jobs. The UK Chancellor Rishi Sunak has announced a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut emissions and create 100,000 jobs. Sta

Stamp Duty, an Obscene Tax on Savers and Workers Who Buy Their Own Home Rishi Sunak Announces Stamp Duty Holiday And Job Creation Measures To Kick Start UK Economy Homeowners to get £5000 each in £2 billion government giveaway to insulate houses and create 100,000 green jobs… The UK Chancellor Rishi Sunak today announced a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut emissions and create 100,000 jobs… Stamp Duty to be cut for six months by raising the threshold to £500,000 to boost the property market. In this Money Tips Podcast episode: 1. Homeowners will get vouchers of up to £5,000 for energy-saving improvements 2. The poorest will receive up to £10,000 for energy-saving home improvements 3. New planning rules will open up more opportunities to make money in property 4. Will your job be one of millions phased out by automation, innovation and AI? 5. You don’t need your own money to create a second income in property 6. Time to your economy or Uconomy star

Homeowners to get £5000 each from the government to insulate their house The UK Chancellor Rishi Sunak is expected to announce a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut emissions and create 100,000 jobs. Stamp Duty could be cut by raising the threshold to 500,000 to boost the property market. In this Money Tips Podcast episode: 1. Homeowners will get vouchers of up to £5,000 for energy-saving improvements 2. The poorest will receive up to £10,000 for energy-saving home improvements 3. New planning rules will open up more opportunities to make money in property 4. Will your job be one of millions phased out by automation, innovation and AI? 5. You don’t need your own money to create a second income in property 6. Time to your economy or Uconomy started whatever the economy is doing! 7. You can create a second income during the lockdown…and come out stronger 8. Learn how to make money from property without deposits, mortgages or cash Millions of people fa

Quick Money Tip - Check Your Travel Insurance Before You Book Your Holiday In this Money Tips Podcast episode: 1. Holidaymakers given some relief on quarantine measures 2. Air corridors: USA, Sweden, Portugal and Philippines not on list 3. Will you get a refund if you have to cancel due to quarantine restrictions? 4. Thousands of travellers still awaiting refunds from Ryanair and budget airlines 5. Does your policy cover Coronavirus Covid-19 infection caught whilst on holiday? 6. Watch out for children’s gaming apps which could cost you thousands 7. Payment holiday schemes for mortgages have been extended to car loans 8. Some businessesallowed to reopen in England on Independence Day! 9. UK hit by worst economic contraction in 40 years, new figures reveal 10. The Rock Dwayne Johnson Tops Instagram Rich List At $1 million Per Post 11. New planning rules will open up more opportunities to make money in property 12. Will your job be one of millions phased out by automation, innovation and AI? 13. You don’t need

Lockdown restrictions eased and relief for travel industry air corridors As pubs and restaurants prepare to reopen tomorrow, ‘air corridors’ announced by Prime Minister Boris Johnson. In this Money Tips Podcast episode: 1. Holidaymakers given some relief on quarantine measures 2. Air corridors: USA, Sweden, Portugal and Philippines not on list 3. Some businesses allowed to reopen in England on Independence Day! 4. UK hit by worst economic contraction in 40 years, new figures reveal 5. The Rock Dwayne Johnson Tops Instagram Rich List At $1 million Per Post 6. How Can YOU Make Money Online Without Millions Of Media Followers? 7. Will your job be one of millions phased out by automation, innovation and AI? 8. You don’t need your own money to create a second income in property 9. Time to your economy or Uconomy started whatever the economy is doing! 10. You can create a second income during the lockdown…and come out stronger 11. Learn how to make money from propertywithout deposits, mortgages or cash Millions of

The Rock Tops Instagram Rich List At $1 million Per Post, But How Can YOU Make Money Online Without Millions Of Followers? The 10 celebrities who command the most money per Instagram post 1. Dwayne 'The Rock' Johnson, 187m followers - just over $1m per post 2. Kylie Jenner, 182m followers - $986,000 per post 3. Footballer Cristiano Ronaldo, 225m followers - $889,000 per post 4. Socialite Kim Kardashian, 176m followers - $858,000 per post 5. Pop star Ariana Grande, 191m followers - $853,000 per post 6. Actress and singer Selena Gomez, 180m followers - $848,000 per post 7. Pop star Beyoncé Knowles, 149m followers - $770,000 per post 8. Pop star Justin Bieber, 139m followers - $747,000 per post 9. Pop star Taylor Swift, 135m followers - $722,000 per post 10. Footballer Neymar da Silva Santos Junior, 139m followers - $704,000 per post Source: Hopper HQ So, what does this mean to you? We can’t all be superstars with millions of social media followers, but that doesn’t mean you cannot make money online. Real money

Boris announces sweeping planning reform to boost building industry, as house prices fall year-to-year for first time since 2012 Annual house price growth fell slightly 0.1% to June 2020 for first time since 2012, the Nationwide reports. More recent surveys indicate a larger fall in April, a 1.4% drop since May and a recovery in some areas in June. The ONS halted reporting due to the low volumes of transactions. Prime Minister announced “project speed” to reform planning laws to streamline the planning permission process and remove local authority restrictions to projects. Some of changes that could be brought in as early as September, include: · Allowing more commercial buildings to be change to residential use without planning applications · Reducing the normal planning process for builders applying for permission to demolish and rebuild vacant residential and commercial buildings as homes · Allowing homeowners to build up into the space above their properties "via a fast track approval process" How to Teac

UK hit by worst economic contraction in 40 years, new figures reveal The UK economy shrank by 2.2% between January and March, the joint largest fall since 1979, figures reveal. The Office for National Statistics (ONS) revised down its previous estimate of a 2% contraction, with all the main economic sectors dropping. The first-quarter contraction is now the joint biggest drop since the July-to-September period in 1979. The new data showed that GDP contracted by 6.9% in March and by 20.4% in April. 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

Will Boris Johnson's recently announced spending spree kick start the UK economy, or will much of the money be wasted on vanity projects instead of building up our manufacturing base? 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 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 bein

Weekly Money Tips News Round Up – Retail landlord giant goes bust In this Money Tips Podcast episode: 1. INTU retail shopping mall landlord giant enters into administration 2. UK house prices rise to pre-lockdown levels despite corona economic crisis 3. Nationwide mortgage lender limits loan-to-value to 85% for first time buyers 4. Lockdown restrictions eased this week but many businesses remain closed 5. Lockdown restrictions destroying the UK economy while more firms go bust 6. Federal Reserve bans US bank share buybacks and caps dividends payments 7. Will your job be one of millions phased out by automation, innovation and AI? 8. You don’t need your own money to create a second income in property 9. Time to your economy or Uconomy started whatever the economy is doing! 10. You can create a second income during the lockdown…and come out stronger 11. Learn how to make money from propertywithout deposits, mortgages or cash There are more examples and practical steps to getting rich and being happy in my book,