Download our FREE guide on financial support for businesses and individuals during Covid-19

During this very challenging time, I hope you are staying safe. The rapidly developing news of the spread of the coronavirus pandemic and how it is impacting on our families, friends and businesses is a huge concern for us all. Understandably, people are worried about the general economic outlook and their financial planning.

We have created a comprehensive guide, to provide information about what financial support is available to help individuals and businesses through the COVID-19 outbreak and how to look after your well-being.  This can be downloaded for free here.

The Government created new legal powers in the Covid-19 Bill, enabling it to offer whatever further financial support it thinks necessary to support businesses. On March 17th, the Chancellor, Rishi Sunak, announced an unprecedented package of government-backed and guaranteed loans to support businesses, making available an initial £330bn of guarantees – equivalent to 15% of the country’s GDP.

This was on top of a series of measures announced at Budget 2020. The Government announced £30bn of additional support for public services, individuals and businesses experiencing financial difficulties because of Covid-19, including a new £5bn Covid-19 Response Fund to provide any extra resources needed by the NHS and other public services to tackle the virus.

When we consider lifestyle, as part of the financial planning process, we need to include health, relationships, time personal fulfilment, career, fun and recreation, and financial independence – not just the money.

So in the guide we also look at how to work more effectively from home (we have found this very easily and I’m saving a fortune in petrol!) and keep fit and healthy during a period of self-isolation or lockdown, which is vital for our physical and mental well-being.

If you have any queries or we can be of any further assistance, please do not hesitate to contact us.

Why your biggest fear should be running out of time – not money

By David Lamb In the last in our series of articles on the components that make up our lifestyle we look at abundance. This is when you have more money than enough…enough to give you the lifestyle that you want without the fear of running out of money, whatever happens. Many people do not realise More…

The most important thing about money? Knowing how much is enough…

By David Lamb When I first started writing about the components that make up our lifestyle, I suggested that money was at number nine. We eventually got there! It doesn’t matter how much money you have, if you don’t have quality physical and emotional health, good relationships, enough time, personal fulfilment, a satisfying career, enjoyable More…

Beige budget balances spiralling debt and stagnant economy

By David Lamb Last Wednesday’s budget was quite beige, but what could Chancellor of the Exchequer Rishi Sunak do? He must balance spiralling Government debt with an (almost) stagnant economy. Hopefully that stagnation will turn into a coiled spring as we get closer to the end of lockdown and the £130bn that the British public More…

Who will look after your money if you can’t?

By David Lamb Most of us do not want to do think about our loved ones – or ourselves – losing mental capacity and many people think ‘it won’t happen to us, we’re fine’. But what would happen to our finances if this were to happen? Effectively the Court of Protection comes along and puts More…

Why financial independence may be a lot closer than you think…

By David Lamb The next component of lifestyle, after fun and recreation is financial independence. Financial independence can be described as having enough income to pay for your living expenses for the rest of your life without having to work or be dependent on others or a business. At first this may sound quite difficult More…

Leading investment firm highlights interest rate threat to fixed rate investments

By David Lamb A couple of days after I wrote my last blog, highlighting my concerns about fixed rate investments, I found a very interesting article written by Giulio Renzi-Ricci of Vanguard Asset Management Limited – one of the world’s largest investment companies and a leader in passive investments. Giulio is concerned that the correlation More…

Rising interest rates: be careful what you wish for

By David Lamb Many people are hoping interest rates will increase, but a rise in interest rates could adversely affect your wealth. Normally I prefer to focus my blogs on using your money to support your lifestyle but as we are living through exceptional times I thought it appropriate to make an exception. In the More…

Why you need to prioritise fun and recreation in retirement planning

By David Lamb We all understand the need to work; it puts food on the table and pays the mortgage. It is so important that very early in our children’s lives we ask them ‘what you want to do when you grow up?’ Unfortunately, however, fun and recreation is often seen as an add-on; something More…