The proportion of 25-year-olds who own their own home has fallen from 46 per cent to 25 per cent in the past 20 years, says the Telegraph, citing research by estate agency Savills. But it is not just the young – the overall proportion of home owners has fallen from 72.9 per cent from its peak in 2004 to 64.1 per cent today. Rents are now much higher than mortgage payments, partly the result of an 88 per cent fall in the amount of social housing being built today compared with 20 years ago.

 

Inflation ahead

Three-quarters of the economists responding to the Financial Times‘ annual survey said UK inflation was likely to top 2 per cent in 2017, while a third of them expected inflation to exceed 3 per cent during the year. The 15 per cent decline in the exchange value of the £ is cited as the main cause, though there is still much disagreement on how quickly that will feed through to retail prices. Most economists still agree with the Bank of England that the rise in inflation will be temporary, since there is as yet no sign of an upturn in average earnings.

BTL landlords expect double hit

A survey of Buy to Let owners reveals that over 60 per cent of them expect to be hit not just by restrictions on the tax relief on mortgage interest (which will be cut from 40 per cent to 20 per cent by 2020) but by new affordability rules on BTL lending set by the Bank of England. These rules seem likely to penalise landlords with more than four properties, says the Financial Times.

Courier wins gig economy case

A courier for a London bicycle delivery firm has won her employment tribunal case to be regarded as an employee rather than a self employed contractor. Ominously for business owners, the judge described the company’s depiction of its couriers as self employed as ‘window dressing.’ Several similar cases are due to be heard shortly by the same judge. Lawyers interviewed by the Financial Times said thousands more couriers were likely to pursue similar cases.

Financial Advice Bristol

If you would like to speak with one of our Independent Financial Advisors and potentially receive financial advice, please contact us on 0117 923 7652. We are based in CliftonBristol but we are happy to service clients from across the UK and we provide free initial meetings at our client’s convenience.

Churchill Wealth Management Limited is located at 13 Alma Vale Rd, Bristol BS8 2HL, United Kingdom.

About Us: Churchill Wealth Management is a team of #independent financial advisors#/#financial planners# (IFAs) based in Clifton, Bristol (http://www.churchillwealthmanagement.co.uk/).

We provide independent# financial advice#, including #pension advice#, #investment advice#, #inheritance tax planning#, protection/#insurance advice# and #ethical investment advice# through our trading style Churchill Ethical Investment (http://www.churchillethicalinvestment.com).