As BRICS leaders—representing Brazil, Russia, India, China, and South Africa—gather in Russia, discussions around a gold-backed currency reset have gained traction. This move could signal a shift away from the dominance of the US dollar in global trade, potentially reshaping the global financial system. BRICS nations have long advocated for a more multipolar financial landscape, with less reliance on the dollar. A gold-backed currency could provide a stable alternative, reducing currency...

As the Governor of the Bank of England, Andrew Bailey, tells the Guardian that the Bank could be a “bit more aggressive” at cutting borrowing costs, depending on the rate of inflation, the question borrowers are asking is should I opt for a fixed rate mortgage rate or wait until base rates fall? The Bank reduced base interest rates from 5.25% to 5% in August, the first drop in cut in four years. However, Mr Bailey warned that the Bank was monitoring developments in the Middle East "extremely...

Many people believe that to make money in UK property, you need substantial savings for deposits and renovation costs. However, it is possible to invest in property with little to no money of your own. In my latest Charles Kelly Money Tips Podcast, I explore strategies that can help you get started in UK property without using your own cash. Joint Ventures are one popular method. By partnering with investors who have capital but lack the time or expertise, you can bring your skills to the...

In this Money Tips Podcast: Inflation has fallen from 11% to 2.2% yet the Bank of England base interest rate remained at 5%. Energy prices will rise by 10% in October – time to fix your deal. “Painful budget” could see higher capital gains (CGT) and inheritance (IHT) taxes, the end of the single persons council tax discount and a possible wealth tax. Section 24 landlord tax forcing landlords to rethink buy-to-let, but the is a solution. Protect your assets. Watch video version -...

As Labour warn of a “painful” budget and a “broken” economy, the wealthy are leaving the UK or making plans to relocate to lower tax countries. The Swiss bank, UBS, predicts it its latest Global Wealth Report that 500,000 millionaires will leave the UK by 2028, a 17% fall. Watch video version - https://youtu.be/P3AaRyeqZfA The FT said the UK will lose the most millionaires among the countries covered by UBS due to a combination of threatened ‘non-dom’ taxation, higher taxes and Russian...

Prime Minister Sir Kier Starmer presented the Renters Rights Bill to Parliament on Wednesday during PM Questions. Watch video version - https://youtu.be/iqXll_itlNA The Bill appears to be a rebrand of the Conservatives Renters Reform Bill which failed to become law before Rishi Sunak’s disastrous snap election. I would urge you to read to Bill or at least the ‘Guide’ published here:...

Prime Minister Sir Kier Starmer and Chancellor Rachel Reeves say “thing will get worse”, and refuse to rule out a “painful” October Budget. Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.   Watch full video version -  https://youtu.be/P0WTdbIAuks The prospect of higher taxes under a Labour government is causing unease among property...

Prime Minister Kier Starmer says “thing will get worse”, warning of a “painful” October Budget. The UK property market is showing signs of resilience with a 14% increase in new property listings compared to last year. However, the optimism is being tempered by concerns over potential tax hikes as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax. The surge in property listings can be attributed to homeowners looking to...

Housing Market Bounces Back Following Interest Rate Cuts Rightmove Reports. New buyer enquiries rise according to Rightmove and Zoopla, as mortgage rates fall. Watch video podcast - https://youtu.be/HInDo9iT_7w How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for...

In the UK, inheritance tax can take a significant portion of your estate, leaving less for your loved ones. However, with careful planning through wills and trusts, you can mitigate this burden. For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email [email protected] to meet a specialist adviser. Watch full YouTube interview: https://youtu.be/-SfqPiXPTbg Creating a properly drafted will ensures your assets are distributed...

How to Protect Your Pension Fund from a Stock Market Crash Worried about the impact of a stock market crash on your pension fund? You're not alone. Market volatility can significantly affect your retirement savings, but there are strategies you can implement to safeguard your investments. Watch video https://youtu.be/e2iiYBYCUOw?si=enFe6LD0M8jt3hQG Diversify Your Portfolio: One of the best ways to protect your pension fund is through diversification. By spreading your investments across...

Taxes in the UK can feel overwhelming, from income tax and National Insurance to VAT and council tax. There are a raft of business taxes, landlord tax hikes under Section 24, as well as taxes on your savings, Capital Gains Tax and Inheritance tax.  But why do we pay so much tax? The answer lies in funding public services like the NHS, education, and infrastructure. High taxes are designed to support the welfare state and maintain social programs. Watch video on YouTube -...

After months of dithering, the Bank of England has finally cut the base rate to 5 per cent, the first time the central bank has voted to cut the base rate since 2020. On seven consecutive occasions the central bank voted to hold rates at 5.25 per cent between August 2023 and June 2024, despite falling inflation. There had been 14 consecutive base rate hikes since December 2021. The bank’s successive interest rate rises between December 2021 and August 2023 were bad news for borrowers but...

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM Key Changes Proposed in the Renters' Rights Bill 2024 Enhanced Security for Tenants The bill aims to provide tenants with greater security by abolishing Section 21 “no-fault”...

Summer school holidays are here, and this is the perfect time to explore the UK with your family without breaking the bank.  Watch YouTube video: https://youtu.be/IWMz3-7LuT0 Here are 20 free activities to enjoy together: Visit the British Museum in London. Explore the Natural History Museum. Take a stroll in Hyde Park. Discover the wonders of the National Gallery. Enjoy a day out at the beach. Hike in the Lake District. Wander through Edinburgh’s Royal Botanic Garden. Explore the...

Are you curious about what the biggest risk in property investing is? It might surprise you to learn that the most significant risk isn't the market fluctuations or financial constraints; it's the lack of knowledge and education. Understanding this risk is crucial not only for property investing but for any investment, including stocks and shares. Why is Lack of Knowledge the Biggest Risk? Investing in property or any financial asset without adequate knowledge is like sailing without a...

How Will the New Labour Government Transform the UK Housing Market? What will this mean for Landlords and Tenants? The election of a new Labour government, and Prime Minister Sir Kier Starmer, brings a wave of anticipation and uncertainty, particularly regarding the UK housing market and the buy-to-let property sector. As Labour's policies start to unfold, both landlords and tenants are keen to understand the potential impacts. Labour's Housing Policies Labour has long championed...

Mortgage rates are coming down despite the Bank of England holding the base rate at a 15 year high at 5.25%. In this episode we discuss: Housing market and mortgage rates Section 24 Tax Trap for Landlords Money Management and Financial Freedom Gold and Silver Vs Cash Currency Watch full video at Charles Kelly Money Tips Podcast -  https://youtu.be/zgHqeA_hhUA Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to...

Interview with Theodore (T.J.) van Gerven CFP, as Boston-based Certified Financial Planner and podcaster covering the subject of “How to maintain financial independence and create growth and income streams from investments”.  In this episode we discuss: ‘F.I.R.E’ for Millennials Money Talks But Wealth Whispers How to financially plan for retirement or a sabbatical How to effectively manage finances for newly married couples Planning for an IPO: how to make the most of equity compensation ...

The BRICS group, comprising Brazil, Russia, India, China, and South Africa, represents a formidable alliance in the global economic landscape. Formed in 2006, this coalition of emerging economies has steadily gained influence, shaping international trade and economic policies. Let's delve into the significance and impact of BRICS on the world stage. Join me online on my free live money management training – 3 Steps To Financial Freedom -  Wednesday at 7.00PM. Places are limited, so register...

Leasehold Property Owners MUST Watch This! Housing Market Update Leasehold Reform Act Passes into law. Join me online on my free live money management training Wednesday at 7.00PM. Places are limited, so register now Click: https://bit.ly/3QPp8IH The UK leasehold system has long been a contentious issue, and many argue it’s one of the biggest scams in history. The current system, which dates back to feudal times, sees homeowners purchasing property but not the land it stands on. Instead,...

Learn how to 10X Your Business Value And Cash Out TAX FREE  With Marc Adams, author of:  Secrets To 10Xing Your Business: And Cashing Out Tax-Free -  https://amzn.eu/d/ckG1SGB Imagine reshaping the destiny of your business with strategies proven to not only multiply its worth but also to ensure a lucrative exit when the time is ripe. "Secrets to 10Xing Your Business and Cashing Out Tax-Free" is your guide through this transformative journey. This book doesn't just promise exponential...

See also: Leasehold SCAM - https://youtu.be/b-wlBMTtmhg?si=K71E-JNDBsfi3UFM  References: - "Leasehold Reform (Ground Rent) Bill" – UK Parliament: [Link](https://services.parliament.uk/bills/2021-22/leaseholdreformgroundrent.html) –  The Guardian on Leasehold Abuses: [Link](https://www.theguardian.com/money/leasehold-scandal) - BBC News on  Leasehold Reforms: [Link](https://www.bbc.com/news/business-leasehold-reform)    Ever wonder why you never seem to have enough money? We are living in...

Why leaseholds are ripping you off! The UK leasehold system has long been a contentious issue, and many argue it’s one of the biggest scams in history. The current system, which dates back to feudal times, sees homeowners purchasing property but not the land it stands on. Instead, they lease the land from a freeholder, often for 99 years or more. This feudal relic is under scrutiny as the Leasehold Reform (Ground Rent) Bill moves through Parliament, aiming to address some of the system's...