UK economy opening up with help of £300 billion government financial stimulus – Money Tips Weekly News Roundup

UK economy opening up with help of £300 billion government financial stimulus – Money Tips Weekly News Roundup

The UK government will this year inject an unprecedented £300 billion of financial aid into the economy in order to stave off the worst recession in 300 years.

Rishi Sunak’s moves to retain as many jobs as possible have not been supported by large retailers, such as John Lewis and Boots Chemists, which have announced plans to lay off 5000 workers, despite the £1,000 per worker job retention bonus.

The £1000 job retention bonus is not enough to persuade a company to keep someone on for six months and will only be claimed by employers which are probably going to take people back off furlough anyway.

HK crisis deepens as UK offer BOP passport holders refuge from China’s grip.

Self-employed have only days left to apply for government grant phase 1.

If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020.

This scheme is being extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or after 14 July 2020 you’ll be able to make a claim from 17 August 2020. You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant. Find out more about the extension to the scheme.

Apply here: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#extension

In this Money Tips Podcast episode:

1. Travellers arriving in the UK from dozens of countries no longer need to self-isolate

2. Rules relaxed for arrivals from more than 70 countries and British overseas territories

3. Beauty salons and “open air gyms” allowed to reopen with more reopening to follow

4. Eat out to help out meal deal scheme launches in August to help hospitality sector

5. Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000

6. Chancellor Rishi Sunak keen to boost the property market and “build build build”

7. New planning rules will open up more opportunities to make money in property

8. Opportunity is everywhere for everyone, especially in property! But you have ACT!

9. Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION!

10. Homeowners will get vouchers of up to £5,000 for energy-saving improvements

11. The poorest will receive up to £10,000 in £2 billion energy saving grant scheme

12. Will your job be one of millions phased out by automation, innovation and AI?

13. You don’t need your own money to create a second income in property

14. Time to your economy or Uconomy started whatever the economy is doing!

15. You can create a second income during the lockdown…and come out stronger

16. Learn how to make money from property without deposits, mortgages or cash