“Windrush: Home Office ‘to scrap immigration removals targets'”

Apr 28, 2018 | In the news

An independent (financial adviser’s) view

I did warn Amber Rudd last week. Blaming your civil servants is a tactic that will come back and bite you firmly on the bottom The ship will suddenly become leaky and more than likely take you down with it…and it’s leaked news of yet more ridiculous target-setting.

Employees who have to achieve targets to keep their jobs will either quit or find the easiest way to meet them. It’s much easier for a tax inspector to bankrupt a struggling small business than to go after a tax-dodging corporation. Finding ways not to pay out benefits could help a civil servant avoid having to claim benefits themselves (see the brilliant-but-harrowing film, ‘I, Daniel Blake’). Just as giving out loans to people without no hope of repaying them earned big bonuses for bankers before the crash. Will we never learn? Probably not.

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Social Media advice won’t get you rich quick

There’s no end of FinTok (it’s a thing) and Insta pundits happy to tell you how they got rich quick and to point your money at a suitable scheme. 56% of those in a recent survey who followed such ‘advice’ lost money – and that’s just those who admit it. 

The log-jam in the housing market

I’ve heard several more anecdotal stories of the current frozen housing market. Those that don’t need to move will generally just shelve it if their property won’t sell for what they think it’s worth and the ladder stays just as unaffordable for those trying to climb on.