Property fund investors face six month wait

Investors in property funds should wait up to six months before they can get their money back to avoid a stampede for the exit leading to widespread suspensions in rocky markets, Britain’s Financial Conduct Authority proposed. UK-regulated open-ended property funds...

The cost of social care tax

Everyone over 40 would start contributing towards the cost of care in later life under radical plans being studied by ministers to finally end the crisis in social care. Under the plan, over-40s would have to pay more in tax or national insurance or be compelled to...

Getting ready for likely Capital Gains Tax (CGT) changes

It was inevitable that, sooner rather than later, Chancellor of the Exchequer Rishi Sunak would put the nation on red alert that taxes will have to rise to pay for the £190 billion of support the Government has given the economy to steer it through lockdown and...

House prices reach record highs

Rishi Sunak’s emergency stamp duty holiday has sent property prices soaring to an all-time high. The average cost of a home in the UK jumped 1.6%  in July alone to £241,604, according to latest figures from the Halifax. That pushed the annual rate of gain to 3.8%...

The motherhood penalty

When we look back on lockdown, there will doubtless be a myriad of lessons to be learned, but top of that list must be the cautionary tale of what happens when women aren’t in the room. Or what happens when we don’t see childcare as infrastructure and we don’t hear...

Bank Base rate held at 0.1%

The Bank of England’s (BoE) Monetary Policy Committee (MPC) voted unanimously to maintain the Bank Rate at 0.1%, it was announced. The Bank also said it would maintain its current quantitative easing programme at £745 billion. It came as the BoE warned that it...