UK government planning emergency wealth tax grab to pay for coronavirus pandemic

UK government planning emergency wealth tax grab to pay for coronavirus pandemic In case you’re wondering how we are going to pay back all of this money that the government have printed and borrowed this year, take a look in the mirror. A one-off tax grab on wealth above £500,000 could recover much of the £280 billion the government has spent fighting coronavirus this year, according to a group of experts. A commission was set up led by assistant Professor Arun Advani at Warwick University last April to look into a wealth tax in Britain. Measures being considered include a 5% levy on: · housing · pensions · business · equity and · savings wealth. At £500,000, around 8 million Britons, or one and six adults, would be hit by the wealth tax...... Full articles and money news available at Money Tips Podcast - www.moneytipsdaily.com · Will stamp duty holiday be extended? · Biggest economic decline in 300 years · UK national debt now exceeds £2 Trillion · Government borrowing will reach £394bn · Average house prices reach an all time high · Thousands trapped in unsellable leasehold flats · Government extends ban on landlords evicting tenants · Why UK Property prices rising after stamp duty cut, despite the downturn? · New planning rules will open up more opportunities to make money in property · You can create a second income during the lockdown…and come out stronger · Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com