Budget 2020 was big on spending but light on cutting taxes – but pension rules have changed for the highest earners. The tapered annual allowance for pensions has been a buffer stopping doctors working longer hours because their pay arrangements meant earning more put them at risk of tax penalties as much of the extra … Read more
More than a million British expats in Europe can dip into a £3 million emergency fund set up to protect their post-Brexit residency rights. Charities and other expat support groups in the European Union can access the money with Brits living in Spain, France, Germany, Cyprus and Italy likely to benefit the most. The UK Nationals … Read more
World leaders are beginning to realise that there’s a lack of co-ordination over action to tackle the coronavirus crisis. Although doctors and academics are working together to make sense of data and come up with a vaccine, politicians are enforcing different sets of rules. In the UK, Foreign Secretary Dominic Raab has announced a three-week … Read more
A forex broker whose company was approaching financial meltdown switched £1.05 million from a business account to buy two apartments in Dubai in a relative’s name. Ehsan Tayefi, aged 39, from South West London, was the director of Numex Foreign Exchange Corporation (UK) Ltd. The company carried out foreign currency exchanges through a major platform … Read more
Stock markets slumped to record losses in the first three mnths of the year due to fears over how coronavirus impacts the world economy and investments. As the largest falls recorded for quarterly trading in 37 years hit the markets, London‘s FTSE dived 23% and New York’s Dow Jones plunged 25%. Most other markets around … Read more
The British government is working with partner airlines to bring thousands of stranded travellers back to the UK. Foreign Secretary Dominic Raab has set aside £75 million to help pay for the airlift involving British Airways, Virgin and EasyJet. He is also calling for international collaboration between government and airlines to get marooned travellers to … Read more
The financial pain of coronavirus uncertainty for buy to let landlords has been eased by the housing minister. Secretary for Housing Robert Jenrick is extending a mortgage lifeline to landlords who pass on the help to tenants who cannot pay the rent due to illness or the loss of income due to the deadly virus. … Read more
Financial support is coming for freelance and self-employed expats who pay their taxes in the UK, Prime Minister Boris Johnson has promised. In his last Prime Minister’s Questions in a sparse House of Commons before Easter, Johnson announced ministers were “working as fast as we possibly can to get the appropriate package of support for everybody … Read more
The time for more governments to consider dropping helicopter money on households trapped in dire financial straits due to the coronavirus outbreak is with us, says financial experts. Central banks are running out of weapons and strategies to counter the bottom falling out of the world economy as the deadly illness threatens to hold nations … Read more
Coronavirus will change the way we live and do business, according to a technology expert. Up to now, the technology has been available but not used to full potential, but the fear of catching and spreading the deadly illness has changed the world. Businesses are facing seismic changes as markets dry up and travel plans … Read more