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- Mid-Week News Round-Up (5 July): A quick snapshot of this week's highlights
Mid-Week News Round-Up (5 July): A quick snapshot of this week's highlights
Matt Haycox
July 05, 2023
In our mid-week news round-up, we’ll be bringing you some of the highlights this week over on Matt Haycox Daily including business news, investment advice, strategy and lots more…
QUICK LINKS
Britons worry they won’t be able to afford to retire. Read the article>
UK manufacturing shrinks to 6 month low. Read the article>
UK PLC narrowly avoids recession in first quarter. Read the article>
Bairstow: cheated, stumped or just sloppy. Read the article>
That’s the risk for the glory! Why the Yanks are coming to the EPL waving billions. Read the article>
Choked! Driving in London to cost more. Read the article>
Damp May for property sales. Read the article>
American tycoons rule the football and premier league. Read the article>
TOP TIPS FOR MAKING BIG MONEY IN REAL ESTATE
Scottish-American industrialist, Andrew Carnegie, is well known for saying: “90% of all millionaires become so through owning real estate.”
In the UK, one in 40 homes are now valued at £1m or more. Real estate makes up about 40% of a typical millionaire’s net worth in the USA, and 7% of Forbes’ annual World’s Billionaires list (that’s 193 billionaires) made their money in real estate.
Suffice it to say that property, or real estate, is one of the best ways to make big money. But how?
COMMENT: ‘LIBERTY IS PRECIOUS – THINK BEFORE YOU TAKE THE MONEY’
There can be no better day to write this comment piece; the 4th of July, the day that Americans worldwide celebrate the throwing off of the shackles of British colonialism with the declaration of independence in 1776.
Ironically, 247 years later, it is the Americans who are planning a bit of neo-colonialism in British football with a creeping, yet powerful, takeover of the game. It hangs with the old adage that the British wanted to rule the world; the Americans merely wanted to own it…
HOW ELECTRIC VEHICLES ARE SPARKING A RECOVERY
New figures say production rose for a fourth straight month in May, driven by higher demand for electric vehicles, according to an industry body.
The Society of Motor Manufacturers and Traders (SMMT) said 79,046 cars rolled out of factory gates in the UK last month, an increase of nearly 27% year-over-year. That is still 31.9% lower than the 2019 output levels.
The tackling of supply chain problems may have helped boost vehicle production in Britain’s car industry, but post-Brexit export rules are proving a headache.
COST OF LIVING CRISIS SEES BRITONS RAID PIGGY BANKS
A bumper £4.6 billion in savings from banks and building societies was withdrawn in May, with a boom in money being taken from interest-paying easy access accounts which went up £11.4 billion from £5.4 billion.
There was also £3.3 billion withdrawn from easy access accounts paying no interest, while £4.9 billion went into fixed rate accounts, and £3.3 billion went into ISAs.
According to the Bank of England, the combined net flow of both household deposits with banks and building societies and National Savings and Investment (NS&I) accounts amounted to -£3.8 billion in May, which was a significant fall from £5.3 billion in April.
“I’m no Ryan Reynolds!” HOW TO SAVE A FOOTBALL CLUB FROM OBLIVION
At the top of the football tree, this week, the talk will be of the $6 billion proposed take-over of Manchester United. At the bottom, near the roots, lawyers will be finalising another deal for a 120-year-old club that once kicked Liverpool out of the FA Cup – yet, in 2023, it stood on the brink of oblivion.
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