With all the shenanigans in Westminster last week you could be forgiven for failing to register we had a Spring Statement at all – let alone clocked its finer points. Editor Simon Lambert, assistant editor Lee Boyce and host Georgie Frost fill you in on what you may have missed. It includes forecasts from the Office for Budgetary Responsibility on the UK economy, along with income growth, interest rates, the pound and house prices. We also have the true scale of the tax burden on families and businesses, with the overall tax take equivalent to 34.6% of Britain's economy, a level not seen since Harold Wilson was Prime Minister. Income tax receipts will rise nearly £54billion in the next five years, with steep rises forecast for National Insurance, VAT and Corporation Tax. A hike in probate 'fees' was waved through without a vote or debate in parliament by classifying it as a fee not a tax – but the ONS is now calling it a tax. The OBR also reveals that two flagship savings schemes have not been anywhere near as popular as planned, while boilers are out – as are feed-in tariffs from solar panels.
Premiership rugby champions Saracens deny they breached salary cap regulations after recent allegations, while Manchester City are in the UEFA spotlight over Financial Fair Play. On the latest This is Moneyball podcast, assistant editor Lee Boyce and co-host Georgie Frost take a look at salary caps and whether they work in sport – with many top US sporting leagues having them. Christopher Stoner QC is our guest this week, as he helps navigate through the maze – and also helps take a look at what the FFP is, and whether it is working. Sir David Crausby, MP for Bolton North East joins us to tell us what is going on at the Trotters, with the future of the historic club in limbo – have the new potential owners been vetted enough? Elsewhere, we talk about the weekend of bad football 'fan' behaviour at grounds in England and Scotland, with Jack Grealish being punched in the Aston Villa vs Birmingham game – can more be done to protect players? The United States women's soccer team files a gender discrimination lawsuit and a bunch of 'cyber nerds' attempt to take over a Staffordshire football club – and fail.
Put on your party hats, it's Isa season! After years in the doldrums could we have a proper Isa battle on our hands in 2019? Santander and Coventry Building Society have launched two best-buy easy-access tax-free deals, and that appears to have put some wind in the sails of This is Money assistant editor Lee Boyce. Editor Simon Lambert and host Georgie Frost – along with Lee – talk all things Isa´s: whether they are worth it, the options and importantly, are the new top rates a potential catalyst for more competition? Elsewhere, we take a look at new fintech firm Dozens, offering a five per cent return spotted after a recent London Transport advertising blitz.
There is a victory for This is Money readers, as Virgin Money refunds credit card customers stung by charges after unwittingly setting minimum payments rather than paying the full balance when changing card. Simon runs the rule over a 95% interest-only mortgage launched by Newbury Building Society.
The football managerial sack race is well and truly on. Claude Puel has left Leicester, Claudio Ranieri departed Fulham – while long-standing Rochdale boss Keith Hill has been axed. Lee Boyce and co-host Georgie Frost talk about the bizarre world of football management - there aren't many jobs you go into knowing you're going to get sacked, probably within three years. We all think we'd do the job well – probably from days wasted playing computer game Football Manager – but is that the reality? We also reveal what happens with compensation, with specialist employment lawyer Victoria Mitchell from Farleys lifting the lid. Elsewhere, we chat through the multi-million pound Manchester City/Puma deal with sports sponsorship expert Nigel Currie. Wrestling on your honeymoon? We talk to Wrestling Travel founder Lee McAteer who set up a holiday business specialising in the billion-dollar industry. Paypal offers sports teams an easier payment method, is the World Rugby League idea all about the money – and should Tottenham really sell Harry Kane?
National Savings and Investments has launched Ernie 5.0 – its fifth generation machine that draws the Premium Bond numbers. It now takes just 12 minutes for numbers to be generated by the Electronic Random Number Indicator Equipment compared to 10 days back in the early 1970s. This week, editor Simon Lambert, assistant editor Lee Boyce and host Georgie Frost answer the question – what would you do if you gained a windfall, big or small, either from the Premium Bonds or by other means? What does it mean to win big and what are the first things you need to think about if you’re lucky enough to come into some cash? We also discuss a 57-year-old reader who was the latest star in our regular Money Pit Stop series, who wants to make sure his own investment portfolio can withstand downturns and provide him with a good income at retirement.
How important is being able communicate effectively and calmly as a leader? This is Money assistant editor Lee Boyce and broadcaster Georgie Frost have Steve Sallis, founder of Solutions Mindset, in the studio this week for secrets on how to give team talks and man manage troublesome 'star' players. Elsewhere, Nike saw more than a billion dollars wiped of its value after new Duke College basketball star Zion Williamson – dubbed the new LeBron – saw his shoe 'explode' just 30-odd seconds into a match-up against North Carolina. Former President of the United States, Barack Obama was there and tickets were selling for five-figure sums. We have self-confessed sneaker geek George Sullivan, chief executive of Sole Supplier, to tell us about the impact, and how important sports endorsement deals are now for consumers. And our question of the week: is it fair that Wimbledon are offering hospitality tickets to ladies final for £1,550 a pop – but for the men's final, it's almost three times the price?
Welcome to the new This is Moneyball podcast, where money and sports collide.
Co-hosts Lee Boyce, assistant editor at This is Money and broadcaster Georgie Frost in the debut episode discuss the important of sport to the economy.
We cover figures showing the true value of sport to the UK economy and ask: should sports stars be entitled to a tax break, as per comments from rugby ace James Haskell?
Elsewhere, how much as the equine flu outbreak that rocked horse racing cost the economy?
With Aaron Ramsey heading to Juventus on a bumper contract, we talk about the future of the Bosman ruling and if he really will be earning £400,000 per week.
MP Vicky Foxcroft is calling for equal pay for men and women's FA Cup – we talk through whether that would be a fair move.
Can you tackle the first of our tricky sports maths questions involving three legends - Eric Cantona, Andy Murray and Ronnie O'Sullivan?
And finally: if you received a giant windfall, would you buy a sports club?
A will may be considered the expression of someone’s last wishes, but more of them are being challenged. High property prices and increasingly complicated families are being blamed for the rise in disputes, but would you challenge someone’s will? In this week’s podcast, Simon Lambert, Lee Boyce and Georgie Frost dive into why inheritance rows are more commonplace and how difficult it is to try to overturn a will. Also this week, alongside some money-saving tips for millennials a heated debate kicks off about buying flat whites vs saving for homes at a time when house prices are sky high compared to ages. Simon reveals his lessons from holding Lloyds shares all the way up, all the way down and then all the time that they have bumped along since the financial crisis. And we dig into the case of a car park prang that led to countless phone calls from ambulance chasers – and how this manages to happen.
Inflation has slipped to 1.8 per cent - below the 25 per cent target - and the Bank of England has downgraded the UK's growth prospects and indicated interest rate hikes are on hold. But at the same time, wages are rising by more than inflation and unemployment remains low. So has the clock already started ticking on a slowdown in the UK economy, or is this just some pre-Brexit jitters that could eventually be followed by a bounce? Elsewhere, we talk about the property market and a recent slump in prices in London and the South, along with why you should consider carefully how long your mortgage term is for. And finally - with holiday season on the horizon, and with all-inclusive trips on the rise, we ask: are they actually a good idea?
Investing has proven to be the best way to beat inflation and grow your wealth over the long-term, but how do you get started? And if you do already invest but feel you’ve lost track of your goals or ended up with a jumble of investments, how can you improve things?
In this second edition of a two-part podcast special on saving and investing, Simon Lambert and Georgie Frost dive into how to be a smarter investor. They bust the jargon and look at why people should invest, how to get started, what investments you can choose and how to find the right ones for you. Simon discusses his experience of investing, what he got right along the way and importantly the things he got wrong. But why should you invest? Well, between 1900 and 2017 owning UK shares would have delivered an average return of 5.5 per cent, beating cash savings at 1 per cent and property at 1.8 per cent, according to the respected Credit Suisse Investment Yearbook. There’s no guarantee that history will be repeated, but companies should always have the ability to put money to productive use and reward investors with rising share prices off the back of their profits, dividend payouts, or interest on bonds.