“Robos retreat from UK retail business”

Jan 28, 2021 | Stockmarket

An independent (financial adviser’s) view

Despite the lockdown boom in DIY investing, the DIY investment platforms cannot, it seems, make any money. They’re closing left-right and centre and many of those still around, despite big backers, look doomed: Investec, £20m write off and Nutmeg loses £22m, to name but a couple. Maybe it will come down to the survival of the big names. But since the biggest, Hargreaves Lansdown, had to carry a pretty big can for its clients’ Woodford losses, even their business model has started to look a little shaky. Schadenfreude? Mich?

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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.