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.

Personal fulfilment: how a balanced lifestyle leads to a wonderful life

By David Lamb Personal fulfilment is the achievement of life goals which are important to you as an individual. It is what makes you want to go to bed late and get up early. It could be work, hobbies, family, fun…it doesn’t matter. It’s what drives you to fulfil your life’s goals. Many people help More…

Don’t trade too much time for something less important – money

By David Lamb Time is an essential component of a balanced lifestyle and, regardless of any other factors, we all have the same amount of time in any one day. But time is a strange thing. Is it long, or is it short? It depends upon what you are doing, doesn’t it? If you are More…

Money could make you happier, but it is relationships that will make you truly happy

By David Lamb I have considered the importance of both physical and emotional health as part of your lifestyle in my recent blogs. This week I’m going to discuss the importance of relationships. Do you remember all the celebrities who died in 2016? David Bowie, Prince, Mohammad Ali, Terry Wogan and Ronnie Corbett to name More…

Why emotional health is key to your quality of life

In my last blog, I suggested the most important factor in a balanced lifestyle is physical health. The second is emotional health. People who are emotionally healthy have greater control of their thoughts, feelings and behaviours and are more able to cope with life challenges. They keep problems in perspective and bounce back from setbacks More…

Physical health: always number one on your list of lifestyle priorities

In my last blog, I suggested that on a scale of one to ten – where one is the most important thing and ten is the least important – money should be scored at number nine. The most important factor in your lifestyle is physical health. If you have poor physical health, you may not More…

How much is enough to retire: the $6m question

A friend of over 40 years said to me recently “Lamby, I’m retiring at 55 and I don’t need a financial adviser to tell me how much I need in my pension for me to retire, because I know how much I need; all I need is enough”. And my friend was right. All you More…

Take a ride on our lifestyle wheel

Many people think that financial planning just involves buying financial products such as pensions or investments. I have not met many people who really want to buy a pension; what most people really want from their money is to be able to achieve and maintain their desired lifestyle without the fear of running out of More…

Reducing financially induced stress

On June 12th it was announced that the UK economy shrank by a record 20% during the April lockdown. Whilst this probably did not come as a surprise to many (other than housekeeping, what did you buy in April?) it will not reduce the strain on many people’s finances. This could cause stress for a More…