House prices have rebounded, but is it a “false dawn”?

At first glance, recent figures from the housing markets appear wholly positive. During July, Nationwide reported a 1.7% leap in prices. However, the country’s largest building society warned of a “false dawn” when they announced these figures. They highlighted that much of the rise can be attributed to pent-up demand…

Could over-40s pay more tax to solve the social care crisis?

The question of who should pay for social care is an urgent one; successive governments have wrestled with the issue and none have found a robust solution. At present, some people who don’t qualify for local council funded care have to sell their homes to cover the costs, which can…

What does the stamp duty holiday mean for me?

In his 8 July summer statement, Chancellor Rishi Sunak confirmed that the stamp duty threshold will be immediately raised to £500,000 in England and Northern Ireland, in what some have dubbed the ‘stamp duty holiday’. The rise in threshold lasts until 31 March 2021 and will apply to both first-time…

The Chancellor’s Summer Statement 2020

Introduction On 11th March this year – less than four months ago – the new Chancellor of the Exchequer, Rishi Sunak, presented his first Budget following the Conservative victory in the December election. That Budget was, he declared, a “People’s Budget from a People’s Government.” It was certainly a Budget…

The effects of Covid-19 on the housing market

The coronavirus outbreak will have long term repercussions for all aspects of the residential housing market. As restrictions are gradually lifted, the sector is beginning to operate again, albeit under social distancing measures. But with the Chancellor confirming that it is “very likely” that the UK is in a significant…

How long is it going to take the economy to recover?

The coronavirus pandemic will push the country into an unprecedented economic slump. Just how big the slump will be is currently unknown but experts’ predictions aren’t optimistic. One independent forecast by the Office for Budget Responsibility (OBR) warned that the economy could shrink by a record 35% by June, in…

Is the UK mortgage market still open for business?

You may be wondering what the current situation is with the mortgage market. Are all new mortgage deals off? Have providers stopped lending altogether? At the start of the Covid-19 lockdown, numerous mortgage lenders scrapped deals or only offered loans to those with large deposits. Santander, Nationwide and Skipton Building…

Government support for businesses during the COVID-19 pandemic

On 17th March the Chancellor, Rishi Sunak, announced a dramatic set of temporary measures designed to support people and businesses through the COVID-19 pandemic. As greater restrictions on personal movement are brought in, they aim to help those most effected by it through the forthcoming months. How successful they are…
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