{"componentChunkName":"component---src-templates-post-js","path":"/homebuyers-eye-commuter-belt/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5f0ec1d65f708d0039e77b39","title":"Homebuyers eye commuter belt","slug":"homebuyers-eye-commuter-belt","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/07/Multiply-minute-10.png","excerpt":"Rightmove says buyer enquiries have doubled for homes worth around £500,000 in towns just outside London.","custom_excerpt":"Rightmove says buyer enquiries have doubled for homes worth around £500,000 in towns just outside London.","created_at_pretty":"15 July, 2020","published_at_pretty":"15 July, 2020","updated_at_pretty":"15 July, 2020","created_at":"2020-07-15T08:44:06.000+00:00","published_at":"2020-07-15T08:51:45.000+00:00","updated_at":"2020-07-15T08:51:45.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Get straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nBuyers eye commuter belt\nRightmove has reported that buyer enquiries have doubled\n[https://www.theguardian.com/money/2020/jul/15/stamp-duty-cut-fuels-surge-of-interest-in-london-commuter-belt] \nfor homes worth around £500,000 in towns just outside London, like Milton\nKeynes, Harrow, and Watford. The spike comes after a stamp duty holiday on\nbuying property costing up to £500k was announced last week.\n\nAdviser comment: \"Many of these enquiries are likely to be from existing\nhomeowners looking at moving, which sets off a chain reaction further down the\nmarket by freeing up more affordable properties. More houses coming onto the\nmarket can only be good news for first-time buyers.\"\n\nInflation lagging behind\nInflation was measured at 0.6% in June\n[https://www.cityam.com/uk-inflation-beats-expectations-but-stays-well-below-bank-target/] \n- still well below the Bank of England’s target of 2%. But it’s up from 0.5% in\nMay, mainly driven by price increases for clothes and computer games. What kept\nit down? Cheaper food, and the fact that pubs, restaurants, and hotels were\nshut.\n\nVirgin Atlantic stays afloat\nThe airline has confirmed a £1.2 billion rescue package\n[https://inews.co.uk/news/business/virgin-atlantic-rescue-package-airline-jobs-537634] \nto keep its planes in the air and avoid job losses. Virgin originally approached\nthe government for help but was refused - this money is all coming from private\ninvestment.\n\nCapital Gains Tax review\nChancellor Rishi Sunak is reviewing the Capital Gains Tax\n[https://www.ftadviser.com/investments/2020/07/14/chancellor-eyes-capital-gains-tax-overhaul/]\n, a levy paid when you sell an asset or investment for more than you bought it\nfor. He says he wants to see if it’s fit for purpose, and maybe simplify the\nrules on who pays it and when.\n\nAdviser comment: \"It would be great to see simpler rules around CGT, but it’s\nlikely the chancellor is looking at this as a way of raising taxes. That’s why\nit’s important to shelter savings within ISAs, even if the immediate tax\nimplications are not obvious.\"\n\nTesco trials refillables\nSome online shoppers will be able to get their groceries in reusable containers\n[https://www.bbc.co.uk/news/business-53406881] as part of a new trial by Tesco\nand shopping platform Loop. How does it work? You apply online to take part, and\nget your shopping delivered as normal. After you reach the end of the ketchup,\nyoghurt, or washing up liquid, the empties are collected, washed, and refilled.","html":"

Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.

Buyers eye commuter belt

Rightmove has reported that buyer enquiries have doubled for homes worth around £500,000 in towns just outside London, like Milton Keynes, Harrow, and Watford. The spike comes after a stamp duty holiday on buying property costing up to £500k was announced last week.

Adviser comment: \"Many of these enquiries are likely to be from existing homeowners looking at moving, which sets off a chain reaction further down the market by freeing up more affordable properties. More houses coming onto the market can only be good news for first-time buyers.\"

Inflation lagging behind

Inflation was measured at 0.6% in June - still well below the Bank of England’s target of 2%. But it’s up from 0.5% in May, mainly driven by price increases for clothes and computer games. What kept it down? Cheaper food, and the fact that pubs, restaurants, and hotels were shut.

Virgin Atlantic stays afloat

The airline has confirmed a £1.2 billion rescue package to keep its planes in the air and avoid job losses. Virgin originally approached the government for help but was refused - this money is all coming from private investment.

Capital Gains Tax review

Chancellor Rishi Sunak is reviewing the Capital Gains Tax, a levy paid when you sell an asset or investment for more than you bought it for. He says he wants to see if it’s fit for purpose, and maybe simplify the rules on who pays it and when.

Adviser comment: \"It would be great to see simpler rules around CGT, but it’s likely the chancellor is looking at this as a way of raising taxes. That’s why it’s important to shelter savings within ISAs, even if the immediate tax implications are not obvious.\"

Tesco trials refillables

Some online shoppers will be able to get their groceries in reusable containers as part of a new trial by Tesco and shopping platform Loop. How does it work? You apply online to take part, and get your shopping delivered as normal. After you reach the end of the ketchup, yoghurt, or washing up liquid, the empties are collected, washed, and refilled.

","url":"https://multiply.ghost.io/homebuyers-eye-commuter-belt/","uuid":"f02f9d2a-6a97-43bf-b4c0-448152f1f69d","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f0ec1d65f708d0039e77b39"}},"pageContext":{"slug":"homebuyers-eye-commuter-belt"}},"staticQueryHashes":["176528973","2358152166","2561578252","2731221146","4145280475"]}