FYT - Weekly News 11th November



New Starter Homes see zero starts




A govt plan to create 200,000 new starter homes in England has resulted in no homes being built says National Audit Office


In 2015, the plan was announced by former PM David Cameron. All were meant to have been built by end 2020 for:





First time buyers & Under 40 year olds


These were meant to be sold at a 20% discount...


SO why have none been built?


The scheme needs a law passed and planning rules. Nothing’s been presented to lawmakers in Parliament


Labour has a similar scheme in 2004:

  • They planned to build homes for £60,000

  • Some were completed...but sold at far more than pledged, as high as £231,000



First time buyer options


Help to buy:

  • Borrow 20% of a new build, 5 years interest free


Right to buy:

  • If you’re renting from the council, you can buy your home at a discount


Shared ownership:

FYI shared ownership isn’t about finding mates to take % stakes and live with them

  • Buy a %, pay rent on the rest

  • By more % up to 100%

  • Household income £80k or less (£90k London)


Help to buy isa:

Save £12,000, govt top up to £15,000 But Hurry! FYI scheme closes 30 Nov this year Still eligible as long as you open an account (£1) by closing date.


In order to receive the £3,000 top up the house price can be up to £250,000 or £450,000 if buying in London.


Lifetime ISA:

  • Long term, save £4000 every year, govt top up to £5000

  • Can be used to buy first home / used for retirement.




Strictly Money

The cha cha chat on what judges, celebs, pros get paid


It’s hard work, long hours, but the BBC rewards the effort.


The Celebs...


£25k - for signing up

£40k - to end of October

£60k - Quarter finals

£100k for the winner


Pro's...£25k per series even if they go home in episode 1


The judges:


The BBC says...


Craig Revel-Horwood: £150k - £200k per series


Bruno Tonioli: £200k - £250k per series


Reportedly...


Shirley Ballas: £250k per series


Motsi Mabuse: £150k - £200k per series


Are the pros paid fairly or should celebrities and pros be paid the same?



Disabled staff work '2 months of the year for free'


The disability pay gap is 15.5% meaning employers are discriminating against disabled employees on pay


They earn £3000 less annually than non-disabled staff


The TUC analysis found...

  • Disabled workers earn on average £10.63 per hour

  • Non-disabled workers earn on average £12.28 per hour


The TUC says the average person with a disability effectively works for FREE for...

57 days each year


People with a disability are also less likely to have a job


51.8% 81.6%

of disabled people are in work non-disabled


Being disabled should not exclude you from choosing to work. And it should not mean you’re put on a lower wage (Frances O’Grady, General Secretary TUC) 


FYT TRIVIA


Olivia Newton-John’s Grease outfit fetched how much at auction?


$405,700 


More than double the estimate!

The famous outfit marked Sandy’s transition when she sang You’re the One That I Want with Danny



MOTHERCARE AND MAMAS & PAPAS

More high street casualties


The two retailers are calling in administrators:


Mothercare couldn’t find a buyer for its 79 UK stores so is closing them. 2500 jobs are likely to go.


Mamas & Papas has closed six stores, and laid off 73 staff


WHAT IS AN administrator?

  • A licensed insolvency expert 

  • A business appoints one when they can’t pay their debts

  • They take over running the business and act for those who are owed money

sign up

✅ Bonus guides

✅ GFY news

✅ Financial reminders

By submitting this form you agree to the Terms and Privacy Policy of Go Fund Yourself 
Disclaimer
Contact: info@gofundyourself.co
(not .co.uk or .com !)
  • Twitter
  • Instagram
© 2019 GO FUND YOURSELF