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

Weekly Money Tips News Round Up - UK Debt Exceeds Size Of Economy For First Time In 50 Years In this Money Tips Podcast episode: 1. National debt exceeds size of UK Economy for first time in 50 years 2. Bank of England to inject an extra £100 billion into the UK economy 3. UK economy shrinks by 20% in April – biggest monthly drop in history 4. Non-essential shops reopen as economic figures set to improve in June 5. Nationwide cuts lending in fear of negative equity in a falling market 6. Bigger deposits required from borrowers to cover future price drops 7. Maximum LTV Loan to Value cut from 95% - 85% for First Time Buyers 8. Brokers report tightening mortgage lending as banks become cautious 9. Numbers claiming work-related or unemployment benefits up 126% to 2.8 million 10. Economists warn of higher unemployment figures when furlough scheme ends 11. UK House prices suffer biggest fall in 11 years as lockdown kills the economy 12. Stock markets still rise as billions pumped into economy every week in America