BusinessPostCorner.com
No Result
View All Result
Sunday, June 15, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

What is all this tariff stuff about? Your questions answered

April 8, 2025
in Business
Reading Time: 7 mins read
A A
0
What is all this tariff stuff about? Your questions answered
ShareShareShareShareShare
Colletta Smith

Cost of Living Correspondent

Abi Smitton

Cost of Living producer

BBC A woman with short brown hair is smiling at the camera, wearing sunglasses, a grey cardigan and a grey backpackBBC

Whether it’s pensions, mortgages, investments or the cost of everyday items, many of you have been getting in touch with Your Voice, Your BBC News to ask how the global tariffs and recent stock market turmoil may impact your personal finances.

The BBC’s Cost of Living Correspondent, Colletta Smith, has been answering your questions.

‘If I have a private pension, am I going to lose money?’

A woman wearing a striped top and grey cardigan is sitting on a bench as a yellow bus goes past her in the background

Pauline Garbutt, 83, wants to know how her pension might be affected

If you’re far away from retirement age, then sit tight because pensions are a long-term investment. As we have seen, a lot can change in a very short space of time so don’t panic.

If you’re getting close to retiring, your pension pot is likely to be moved to less risky investments, such as government bonds. When stock markets fall, these bonds tend to do better than traditional investments.

Pensioners with a fixed annuity should not be affected.

But if you’re currently living off a pension that has been invested, that could mean you get less than you expected because of this stock market fall.

It’s important to make a plan about how you will make up any shortfall.

‘I’ve lost £1,500 in three days. When will things stabilise?’

BBC News A man wears a blue t-shirt with his hand resting on a kitchen countertopBBC News

Brian Waldie, 64, has been investing into a Child Trust Fund for his youngest daughter since 2007.

In the last three days, he has seen £1,500 lost from the account.

“We were trying to make our daughter’s life simple but this is money I can’t afford to lose,” he told Your Voice, Your BBC News.

If you invest directly, through a Stocks and Shares ISA or Child Trust Fund, then you will have seen some big changes over the last couple of days.

Providers should always tell you that investments can go down as well as up.

If you want more certainty, it may be worth facing up to reality and making a new financial plan.

‘If we put a 10% tariff on all goods coming into our country, will it stop other countries from dumping cheap goods on us?’

A man with a grey beard wearing glasses, a red coat and patterned shirt.

Stuart Burrows, 72, from Manchester got in touch through Your Voice, Your BBC News

The government has said it won’t rush into making any decisions about introducing tariffs on goods coming into the UK.

Right now, items coming from the USA may well end up costing more, but it’s also possible that products from countries that have been hit with tariffs to import into the US may just decide that it is cheaper to send their products here instead.

With cheaper foreign imports coming from countries like China, Japan and South Korea, it may push the prices down of some products here in the high street as firms compete with each other to attract customers with lower prices than rivals.

‘How can a stock market crash lead to lower mortgages?’

Lots of people have been asking about how the uncertainty could affect mortgages. Chris in Sussex got in touch to find out whether it could lead to a drop in interest rates.

The Bank of England is worried that businesses and consumers are getting nervous so they want to encourage people to spend and borrow more.

We had been expecting two interest rate cuts this year and it’s now predicted there will be an additional third cut.

Lenders are already pricing that into their equations and we’re seeing mortgage rates fall as a result.

Credit: Source link

ShareTweetSendPinShare
Previous Post

52% of Crypto Holders in Singapore Use It for Payments of Goods and Services: Reports

Next Post

Group asks for extension on micro-captive disclosures to IRS

Next Post
Group asks for extension on micro-captive disclosures to IRS

Group asks for extension on micro-captive disclosures to IRS

Two-thirds of clients ready to change auditors

Two-thirds of clients ready to change auditors

June 9, 2025
The state of inclusive marketing in 2025 [new data + expert insight]

The state of inclusive marketing in 2025 [new data + expert insight]

June 10, 2025
GameStop Bought 4,710 Bitcoin in 5 Weeks — What Does the Retailer Stand to Gain?

GameStop Bought 4,710 Bitcoin in 5 Weeks — What Does the Retailer Stand to Gain?

June 11, 2025
Investor anxiety over ‘revenge tax’ is overblown, Barclays says

Investor anxiety over ‘revenge tax’ is overblown, Barclays says

June 13, 2025
US and China set to meet for trade talks in London

US and China set to meet for trade talks in London

June 9, 2025
Jack Ma-Backed Fintech Giant Ant Group Eyes Stablecoin Licenses in Asia

Jack Ma-Backed Fintech Giant Ant Group Eyes Stablecoin Licenses in Asia

June 12, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Reeves vows to shield UK from Israel-Iran price shock

Reeves vows to shield UK from Israel-Iran price shock

June 15, 2025
Israel is achieving its goals in Iran — so far

Israel is achieving its goals in Iran — so far

June 15, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!