Posted by: WealthIFA | July 20, 2012

Financial News Update we 20/07/2012

How have you been?

The Olympics is drawing ever closer and the torch made its way through Tunbridge Wells on Tuesday with many 1000’s of people turning out in the town to get a glimpse.

On the subject of sport and following Murrays defeat at Wimbledon a few weeks ago, the national pride could be lifted once more on Sunday as Bradley Wiggins looks set to become the first Britain to win the Tour de France in its 109 year history…

Although there are 3 more days to go, there are only 2 more “race” days – traditionally the leader (or yellow jersey) will not to be challenged on the final days riding into Paris – so, as long as he can hold on to his 2 minute lead, Sunday could be a historical occasion?

Back to finance and it’s been a quiet week really with news about a tax avoidance scheme being rejected by the appeal court therefore reinforcing the so called “Ramsey principle” established some years ago which essentially invalidates any scheme that circulates money in such a way with the sole purpose of avoiding tax.

Inflation (as measured by CPI) has fallen to 2.4% which is being accredited (in the main) to retailers summer sales lowering the cost of clothing as well as a drop in fuel prices contributing to the overall fall.

Either way, it’s closer to the 2% target of the government and will bring relief to those with cash deposits as long as interest rates do not follow suit?…

Lastly, for those who have Index linked savings certificates, there is a handy interest calculator on the NS&I website that will show the approximate value of your certificates.

Have a great weekend!

This Week …

Estate Planning

Reducing the Inheritance Tax burden for farmers:
HMRC could gain billions as court rules against ‘artificial’ scheme:

Long Term Care

A-Z Care Homes Guide 2012-13 out now… for the final time:


Pension provision still falling, says ONS


UK inflation rate falls to 2.4% in June
Index-linked Savings Certificates – How much are they worth? (Interest Calculator)



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