The Great Debate UK
Rachel Mason is public relations manager at independent financial service providers Fair Investment Company.The opinions expressed are her own. Reuters will host a “follow-the-sun” live blog on Monday, March 8, 2010, International Women’s Day. Please tune in.-
With the end of the tax year fast approaching, now is the time to make sure all your finances are in order and that you are maximising all the annual allowances, reliefs and exemptions available.
Make the most of your ISA allowance – aged 50 and over, you’ve got an extra 3,000 pounds!
You can’t carry your ISA allowance over into the next financial year, so if you haven’t made the most of it – use it, or you’ll lose it. The current limit is 7,200 pounds – all of which can be invested into a stocks and shares ISA or up to 3,600 pounds can be invested into a cash ISA with the remainder in stocks and shares.
But for those aged 50 and over, the limit is £10,200, £5,100 of which can be invested in a cash ISA. This new limit, which came into force in October 2009, will be extended to all other ISA investors from April 6th 2010.
Some political observers fret over the paucity of policy initiatives emerging from Britain’s two main political parties ahead of a general election expected on May 6, as pre-election rhetoric turns its focus toward the possibility of a hung parliament.
Such a scenario raises fears of further economic instability if financial markets react badly to the uncertainty the result might bring to the political arena.
Where is the burning debate on domestic and foreign policy observers might expect from the major political parties ahead of the next general election in Britain?
It’s just not going to happen, says political commentator and writer Tariq Ali, whose new novel “Night of the Golden Butterfly” concludes a fictional series titled “Islam Quintet” he began writing 20 years ago.
- Juliet Davenport is founder and CEO of Good Energy, a renewable electricity supplier. She is unique in being the only female founder in the UK of an energy supply business, traditionally a male-dominated sector. The opinions expressed are her own. Reuters will host a “follow-the-sun” live blog on Monday, March 8, 2010, International Women’s Day. Please tune in. -
Regardless of their views on climate change and man’s contribution to it, most business leaders agree on one point – as fossil fuels get scarcer and the UK decarbonises our economy, our energy prices will continue to rise.
There is a divisive election ahead for Britain, the threat of a ratings downgrade on its sovereign debt and a deficit that has ballooned into the largest by percentage of any major economy. UK stocks, bonds and sterling, however, are trundling along as if all were well. What gives?
For a fuller discussion on the issue click here, but the gist is that all three asset classes are being support by factors that may be masking the danger of a broad reversal. UK equities have been driven higher by the improving global economy, bonds held up by the Bank of England's huge buying programme and sterling by valuation and the distress of others.
So keen is the British prime minister to airbrush out his decade as a "light touch" finance minister that he embraced the heretical idea of a levy on financial transactions as one way to make banks pay for future bail-outs -- the so-called Tobin tax.
from UK News:
Former Foreign Office minister Kim Howells poses the question in the Guardian in a piece made grimly relevant by Wednesday's shooting dead of five British soldiers by an Afghan policeman.
Howells says troops should be brought back from Afghanistan and that the billions of pounds saved should be used to beef up homeland security in Britain -- drawing the front line against al Qaeda around the UK rather than thousands of miles away in Helmand province.
As political parties step up their campaigning ahead of a general election due by June 2010, voters need to know exactly how politicians plan to tackle a projected deficit of 175 billion pounds, says Stephen Herring, senior tax partner at accountancy firm BDO LLP.
In a report titled “Time to Break the Silence” BDO suggests there will not only be cuts in public spending, but substantial business tax increases.
One can guess what Archbishop of Canterbury Rowan Williams will say to Pope Benedict when the spiritual head of the Anglican Communion travels to the Vatican later this year. The more interesting question might be what Queen Elizabeth is likely to say when she hosts the pope next year. (Photo: Queen Elizabeth, 13 June 2009/Luke MacGregor)
The timing of the trips couldn't be more intriguing, especially the second one. The pope is due to visit Britain in September 2010 and is expected to preside there over the beatification of the late Cardinal John Henry Newman, a famous 19th-century convert from Anglicanism to Catholicism.
-David Kuo, Director at the financial website The Motley Fool. The opinions expressed are his own.-
Go on. Admit it. You didn’t see it coming, did you? You never thought a member of the G20 nations would dare to break ranks and raise interest rates this soon.