The Monimine financial assets solution to the 2017 Budget

 The Monimine financial assets solution to the 2017 Budget

The 2017 Budget had a definite safety-first emphasis, and has been met by a mixed reception. Phillip Hammond has seemingly attempted to acknowledge the large economic challenges facing the UK, but have his policies done enough to resolve the issues?

financial assets budget 2017

The shining light was the slash of stamp duty on properties of up to £300,000, which will inevitably help the lives of first time buyers getting onto the housing ladder. However, experts argue that this is just to mask the UK’s weakening economic future.

Is setting aside £3bn over the next two years for the Brexit aftermath realistically enough for any negative eventualities?

Growth forecasts of the UK economy have been drastically reduced. The Financial Times argue that this is because of ‘significant downward revision to potential productivity growth.’ The prediction is for less growth, less business investment and less productivity.

The £2.8bn cash booster which has been set aside for the under-pressure and under-funded, NHS will almost certainly not be enough.

The glass is half empty and there is not enough spare money in our economy. A helping hand would be warmly received to the British GPD and there is a realistic solution which can aid the issue.

The answer is simple.

According to Financial Conduct Authority (FCA) figures, there is approximately £200bn of dormant/unclaimed assets within UK financial institutions (FI.) But there is not enough pressure on FI’s, meaning they are inactive in attempting to trace the owners of the £200bn.

If pressure was increased on the financial service industry, we would see proactivity in them finding the rightful owners of these financial assets. It is more than likely that over 10% of this money has no home and can therefore be distributed into the economy for charitable causes. We would also see a ‘trickle’ up effect of the extra disposable income released to the public.

Therefore, £20bn (10%) could be released over the next two years. Pressure from government instruction would ensure that the FCA did enforce finding homes for orphan assets. This would mean that the state of the economy would be vastly improved, and finances would be in place for any aftershocks.

 

Josh Cousens – Monimine. 

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Whilst the autumn leaves fall, it’s time to pick up your financial assets.

Whilst the autumn leaves fall, it’s time to pick up your financial assets.

pick up financial assets

The emergence of autumns auburns has signalled the drawing of a reluctant curtain on our summer season. You may have had a bit more sunshine spending than you anticipated this year. So what better time to explore your accounts and investigate whether you’re owed any outstanding financial assets?

According to the Unclaimed Assets Register, there is currently between £15 and £20 billion of unclaimed money in the UK! Through our own independent research, we actually think that this total could be even higher.

A major problem is that many people don’t even know that they have lost assets. Can you be 100% sure that you haven’t leaked money through a pension policy? Perhaps your parents, or grandparents may have left money behind and you don’t know about it. There could be a pile of cash left in a bank account that you set up when you were younger and forgot about.

The possibilities of how money can be lost is endless … and it can happen to anyone. 

The good news is that all hope is not lost. In fact, Monimine can provide you with great hope. If you fancy establishing whether you are owed any unclaimed financial assets, you can do so for free, using the Monimine tool.

You’re in safe hands. Monimine are nationally recognised leaders in unclaimed asset tracing and if there is a pot of money to find, you have come to the right place. Using innovative technology, traditional tracing methods and years of experience, we endeavour to leave no financial stone unturned.

Monimine won’t charge you a penny to register, and if your information matches with the data we have sourced from financial institutions, we can reunite you with your money … it’s as simple as that.

No costs, no effort ….. what is there to lose?

Search today at monimine.com.

Josh Cousens – Monimine. 

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