Finance

Trump tweeted that he had a great meeting with German Chancellor Angela Merkel. Now here are his tweets in full, “Despite what you have heard from the FAKE NEWS, I had a GREAT meeting with German Chancellor Angela Merkel. Nevertheless, Germany owes vast sums of money to NATO & the United States must be paid more for the powerful, and very expensive, defense it provides to Germany!” Now, these tweets could add volatility to Europe, specifically German stocks. Moreover, it...

Are you in the process of planning your retirement for that beautiful future you have always imagined?  Great! If your answer is yes. That’s a step in the right direction. However, a well planned  strategy from an informed perspective on how to protect your retirement savings should be incorporated into your retirement planning, considering the potential threats certain factors can pose to the security of your life savings. “There are specific strategies and approaches to financial management in retirement that...

A record number of people in the UK are on zero hours contracts, which are very controversial as they offer no guarantee of work, leading to income instability. These contracts are widely used by retailers, restaurants, leisure companies and hotels. These worrying figures follow on form a report we covered yesterday that over 5 million children will suffer child poverty by 2022 as households face a squeeze on wages. Now the number of workers who are on zero hours contracts...

A recent report from the Trade Union Congress showed that unsecured borrowing increased sharply over 2016 to that point that, by the end of the year, each household owed an average of £12,887 - the highest amount on record. The Bank of England separately issued their own statistics, according to which the average amount of unsecured debt per household comes in rather lower, at £7,089 - but this is due to them not counting student loan debts towards the total....

The average Brit would be worth £1.2 million more over a lifetime if they didn't have bills to pay, a new study has revealed. On average families shell out an eye-watering £19,187.37 every year on mortgages or rent, insurance, gas and electric. That means over the course of the average adult lifetime of 60.3 years, they will pay out a staggering £1,156,938.41 in direct debits or written cheques. The biggest chunk of that goes on bills - amounting to around £520.22...

It seems that if you are beneath retirement age you are now worse off in modern Britain. They say never get old, but that might not apply anymore, especially if you want a few more quid in your pocket. Research by the Resolution Foundation found that pensioner incomes dwarf those of working-age, who are struggling to make ends meet. Retired people are more likely to own their own home and have substantial pension pots. Weak economic growth has, for working-age...

With the number of people reporting on suffering with stress relating to financial circumstances, there’s no wonder that people are looking for alternate ways to supplement or boost their income. If you’re in a similar situation, you don’t have to panic! Here are four simple ways that you can control your income and not let your financial situation affect your stress levels: 1. Have Multiple Income Streams The chances are, you may be struggling for money at the end of...

The rich get richer and the poor get poorer appears to be the mantra of HMRC as a parliamentary watchdog has claimed they offer advice to the super-rich, so they can pay less tax. It isn't the politics of envy, it is simply unfair. It is feared that this will undermine the entire tax system, and lead to those further down the chain, possibly those on self-assessment, feeling the system is broken, and why should they pay their fair share....

Dundee, Glasgow, Edinburgh, Aberdeen and Falkirk are the top five cities in the UK for fuel poverty, according to an infographic published by MoneySuperMarket. Scottish residents who are considered fuel poor struggle to pay their annual energy bills by an average of £437 per year. The shortfall is much less (an average of £371.00 per year) for those in other parts of the UK. MoneySupermarket further explains that many parts of the United Kingdom are wasting more than £100.00 each year...