Money in Paradise

Nov 6, 2017 | In the news

An independent (financial adviser’s) view

I’m often taken back to the scene in Casablanca  (kids etc) where Claud Rains’ corrupt policeman says he’s ‘Shocked, SHOCKED to find that gambling is going on in here’, as he collects his winnings. Rich people with money offshore? Quelle surprise and, as the many articles are careful to say, ‘the vast majority of transactions involve no wrongdoing’. It’s an open secret that if you want to find the end destination of piles of this money which of course isn’t dodgy, you need look no further than our own capital city, where you’ll find most of the estimated £200bn of UK property owned by offshore, tax-haven companies. So at least some of it’s coming back from our colonies and protectorates, to support our service industries. Like estate agents.

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“Cash ISA allowance could be cut this month”

“Cash ISA allowance could be cut this month”

Our mantra has long been ’straightforward advice that you can understand’. That can mean trying to simplify the many complex products and options with which the world of finance tries to befuddle its target audience.

“Will the Bank of England Cut UK Interest Rates Again in 2025?”

“Will the Bank of England Cut UK Interest Rates Again in 2025?”

It’s easy to forget that five years ago the Bank of England Base Rate was at an all-time low of 0.1%, and only rose above 1% with the arrival of Liz Truss later in 2022. Something of which we often have to remind those who, when looking at how their investments have fared over the same period after yet another Trump Tweet has pushed markets in one direction or another, tell us ‘we could have been getting 4% a year if we’d left it all in the bank’.