“FCA permanently bans mini-bond ads: are investors still at risk of losing money?”

Jun 30, 2020 | Investments

An independent (financial adviser’s) view

I’ve said for ages that, were regulated advisers banned from recommending unregulated investments, most of the scams for which the FSCS, i.e advisers like us, i.e. ultimately our clients have to compensate, wouldn’t happen. Surely it’s common sense, which Boris has assumed we Brits have in spadefuls. Well, here’s how far we’ve come: the regulator is consulting on the possibility of banning the promotion of one of these toxic investments (so-called mini bonds) to all but sophisticated, high net worth investors. ‘I didn’t know he was a welder investing all of his redundancy money, he seemed pretty sophisticated to me’. Sorry to any redundant welders, but you get my drift.

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“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.