US Elections

By |November 3rd, 2020|Categories: Victor Finance News|Tags: , |

Even though U.S. election day is technically over, vote counting is still well underway.  There has been a surge in the use of mail-in ballots as people seek to avoid voting lines, even socially-distanced ones.  Notwithstanding this, polling stations are open and early numbers suggest record voter turnout. The basics of the U.S. election Although the media is largely focusing [...]

HMRC Gets Tougher on Businesses

By |October 31st, 2020|Categories: Victor Finance News|Tags: , , |

HMRC, like everyone else, is clearly struggling with pandemic conditions.  Notwithstanding this, however, it has found time to make some fairly significant changes.  If you own a business, you need to know about them. Claiming preferential status in insolvencies As of December 2020, HMRC will be third in line to claim any funds available in insolvency cases.  Its claim will [...]

What Does Remote Working Mean for Investors?

By |October 26th, 2020|Categories: Victor Finance News|Tags: , |

Only a short while ago, the government was urging office workers to get back to their offices.  Now, large swathes of the UK are back in various tiers of lockdown.  COVID19 will be consigned to the history books at some point, hopefully soon.  Many of its consequences, however, look to be here to stay.  Remote working seems likely to be [...]

Ombudsman complaints soar

By |October 9th, 2020|Categories: Victor Finance News|Tags: , , |

When people think of companies and organisations which have been busy during lockdown, the Financial Ombudsman Service (FOS) might not be the first name that comes to mind.  It has, however, been very busy indeed.  In fact, it estimates that during Q2 (April to June) it handled more than 3,500 complaints related to COVID19.  This was out of a total [...]

The economic consequences of COVID19

By |October 3rd, 2020|Categories: Victor Finance News|Tags: , |

In the lead up to 2020, the media was full of throwback references to the “roaring” 1920s.  This was an era of glamorous flamboyance and wild entertainment remembered for its flapper dresses, jazz and the Charleston.  How wrong could those references have been? From COVID19 to COVID2021? We are now in the closing stages of 2020 and “COVID19” shows no [...]

GDP figures show the pain of COVID19

By |September 25th, 2020|Categories: Victor Finance News|Tags: , , |

The UK economy saw a 2.2% contraction between Q4 2019 and Q1 2020 followed by a 20.4% contraction between Q1 and Q2.  This is in spite of 8.7% growth in June when businesses deemed non-essential began to reopen.  These figures may not come as a surprise to many people.  They are, however, still grim reading and open questions about how [...]

Banks under scrutiny

By |September 21st, 2020|Categories: Victor Finance News|Tags: , |

As business owners, we're often at the mercy of banks and their costs, so it's not surprising that any whiff of an allegation causes backlash. Today HSBC are seeing their share price drop to their lowest level since 1995 amid speculation and accusations of money laundering. But what does this mean for all of the banks? We have the no [...]

Getting started in the stock market

By |September 7th, 2020|Categories: Victor Finance News|Tags: , , , |

If you’re new to the stock market, you may be wondering if now is the right time to start investing.  The short answer is - that depends on you.  Here are some points to consider before you make up your mind. Can you afford to be in it for the long haul? This is an important question at the best [...]

Ofgem looks to shore up energy suppliers

By |August 21st, 2020|Categories: Victor Finance News|Tags: , , , |

With the medical aspect of COVID19 more or less under control, it’s time to deal with the economic ones.  Not to put too fine a point on the matter, there are four pressing questions which need to be resolved.  Who needs help?  How much help do they need?  How is this help going to be provided?  Who is going to [...]

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