An addiction counselllor who invested half his life savings in Bitcoin made so much cash – he can now retire

An addiction counselllor who invested half his life savings in Bitcoin after taking the advice of one his patients made so much cash - he can now retire. Savvy John Coats has been able to pay for his retirement plus holidays to Africa after putting £16,000 into the digital currency in 2013. The 66-year-old knew almost nothing about the cryptocurrency - which was at that time used mainly by criminals on the 'dark web'. But after a tip off from...

Politicians should take responsibility for Paradise Papers rather than point score

Politicians should take responsibility for the Paradise Papers rather than trying to score cynical political points, the boss of one of the world’s largest independent financial services organisations has said. Westminster has been engulfed in political mudslinging since the release of the damning financial data on Sunday, which implicated the queen amongst other high profile figures in significant offshore investments. But for high-profile politicians to complain and take the moral high ground when it is they who have the powers to...

Recent Studies Today Show Brexit Fears are Holding Back UK Investments

Fears of Britain's exit from the EU is introducing a worrying investment setback as companies and investors keep stalling on investment plans so as not to be caught up in the uncertainty that continues to loom over the economy since the referendum, studies have revealed. Firms, manufacturers, and both domestic and international investors are either pulling back or pressing the pause button on already laid out investment plans. Some businesses are holding back on planning at all until the uncertainties...

“Paradise Papers” link Queen to million-dollar offshore investments

The Queen has been implicated in the latest data leak of financial documents being dubbed the "Paradise Papers". The leak shows how the powerful and ultra-wealthy secretly invest vast amounts of cash in offshore tax havens, and were revealed as part of a 100-strong media investigation which has been exposed today. According to the BBC the Paradise Papers show that about £10m ($13m) of the Queen's private money was invested offshore. It was put into funds in British Overseas Territories the Cayman...

This graph says it all about the scale of inequality in Britain

The level of inequality in Britain far outstretches that of our European neighbours or other G7 countries, a new graph has revealed. According to OECD figures published in The Economist the richest people in the UK are leaps and bounds ahead of the poorest groups in terms of GDP per person. The figures were revealed as Jeremy Corbyn piled pressure on Theresa May in today's PMQs for allowing the UK to become a tax haven for the rich. Tory Britain: the...

Shocking: Six million Brits believe they will never be debt free

Millions of Brits are facing a never-ending road to financial recovery, with one in eight believing they will never be debt-free. That’s according to new research which reveals a growing reliance on credit has led to the highest debt levels in recent history. The average person with debt is in the red by over £8,000 and that’s not even including mortgage repayments - the average mortgage owed is £106,755. Right now, nearly a quarter of adults are struggling to make ends...

Brexit job crisis: Exodus or exaggeration?

Speculation that a Brexit financial services job crisis could be in our midst have been downplayed after HSBC became the latest bank to change its warning of an exodus. The Bank of England this week released a warning that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union. The cautionary advice comes after Goldman Sachs agreed to lease 10,000 square metres of office space in Franfurt and JP Morgan planned to shift some services from London...

When is the right time to start saving for retirement?

At a young age it is often hard to save as you need to consider a number of things such as your rent, food, a night out with friends and unexpected expenses, let alone additional funds that you can’t touch for another 40 or so years. So when should really start saving for your retirement? Well, most money experts say that you should start putting money aside for this as soon as you begin earning, so around your 20s. You...

Revealed: Secrets of the World’s richest people

Most of us have dreamt of becoming truly rich but how does your typical billionaire compare to the average worker today? The eagle-eyed team at insurance provider Budget Insurance have analysed data from the Forbes 2017 rich list to uncover the secrets of the world’s richest. They compared a range of factors to identify some fascinating differences (and some surprising similarities) between the Forbes' top 10 and the average Brit. Here are a few highlights. On the age front, only...

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