Blog

  • Britons with second home in Paris could face a steep council tax rise

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    A proposal to free up properties in Paris was approved at the beginning of July 2017 and could result in a major increase in council tax payments for UK residents with second homes in the French capital. The changes would result in an average payment increase of over €2,000 (around £1,750), a hike surely likely to prompt some to think about selling...
  • VAT – the option to tax or not to tax?

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    When you legally have the option of either paying or not paying VAT, it’s always preferable not to pay rather than claiming it back as input tax after payment to a supplier. One example where this is the case is when non-residential property is purchased with the intention of being used as a dwelling, or being converted into dwellings. Imagine a pr...
  • Rise reported for top fixed-rate cash ISAs

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    Charter is also offering 1.41% on its new two-year ISA, pushing slightly ahead of that provided by UBL, which pays 1.36%. However, anyone wanting to withdraw from the ISA before the end of the term will lose 180 days’ worth of interest. The new two-year ISAs are considerably more attractive than those on offer in December last year, with Leeds Buil...
  • SUMMER ROUND-UP 2017

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    The children are back at school, it’s getting darker and you’re starting to think about the central heating. Summer is drawing to a close and we thought it might be interesting to reflect on some key events over the last few months – and see if they give us an idea of what might happen in the run up to Christmas… These notes were written on Monday...
  • Average price for first home reaches record high

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    A recent study has found that the average deposit first-time buyers need to pay on a home has now risen to nearly £33,000. This is thanks to the average price of a first home now climbing to a record figure of £207,693. The Halifax First-Time Buyer Review discovered that almost half (47%) of all house purchases with a mortgage made during the first...
  • Raising retirement age will not fill the ‘black hole’

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    Recent figures have suggested that the government will be forced to cut back on healthcare spending, raise taxes or increase borrowing to care for the UK’s ageing population, even if the retirement age was immediately raised to 75. An economic study has found that population growth slowing and the increase in cost for healthcare are likely to put c...
  • How long would your savings last?

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    A recent survey has found that the typical working person in the UK has around a month’s worth of savings to be able to maintain their current lifestyle should their income stop without warning. The data collected from 2,000 people found that the average person’s savings would support them for 32 days. More worryingly, 26% of those who responded sa...
  • What is the skills shortage costing British business?

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    New research by the Open University has found that the cost of Britain’s skills shortages amounts to more than £2 billion annually due to higher salaries, temporary staffing bills and recruitment costs. The survey of 400 firms found that nine in ten respondents reported struggling to recruit workers with the correct skills within the last year. Thi...
  • Will interest rates ever rise?

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    The deputy governor of the Bank of England has stated that the bank should not be tempted to increase interest rates due to “imponderables” within the UK economy. The comments from Ben Broadbent, an ally of the governor of the Bank of England, Mark Carney, and a member of the Monetary Policy Committee (MPC), were published in an interview in mid-Ju...
  • Planning for the best time of your life

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    Whether you’re nearing the start of your retirement or you’ve still got a few years of work ahead of you, it’s likely that you’ve already started planning this next significant phase in your life. But no matter how much you read, how many numbers you crunch and how many pounds you put away, you might still find yourself constantly adopting a pessim...