Double capital gains tax, says government review, as London property prices fall
Buy to let landlords and property investors could be hit with another tax blow to the solar plexus.
Someone has to pay for all of this money they are printing and throwing around, so why not even investors saving for their retirement? Who is going to have sympathy for them?
Estate agents report a sharp fall in activity and asking prices in the London property market.
Larger houses in the suburbs are in demand but the flats and London properties sales are sluggish and have dropped off sharply since the summer mini-boom.
UK economy recovered in the third quarter but slowed after the end of the heat out to help out campaign ended.
UK economy recovers in third-quarter but is expected to slow in the last quarter following the second lockdown.
Last week, the Chancellor, Rishi Sunak announced a raft of new stimulus measures, which could cost the Treasury £6billion on top of billions already spent this year propping up the economy.
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.
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- Learn how to make money from property without deposits, mortgages or cash
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, 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, 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 wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com
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