Plus: how I beat Ryanair when it refused to pay compensation for 21-hour delay

Wednesday, January 16, 2019

Telegraph Money 

The week's most important personal finance news, analysis and expert advice, from pensions and property to investment ideas and savings tips.

The Telegraph take

By Sophie Christie personal finance reporter

All eyes were on the House of Commons yesterday as the "meaningful vote" on Theresa May's Brexit withdrawal agreement took place. Mrs May's Brexit plan was rejected by a crushing margin of 432 to 202.

What this means is anyone's guess. Some think this means our exit will be delayed, causing the pound to rise last night – but here we explain why betting on the currency is as reliable as flipping a coin.

Others think leaving Europe with no deal is looking increasingly likely, so we've also looked at what a no-deal Brexit could mean for your finances, including savings, property, pensions and more.

For many, waiting it out seems to be the name of the game. There are a growing number of homeowners choosing to sell and move back into rented accommodation, gambling on a house price crash before making their next purchase.

If prices fall substantially post-Brexit, this strategy could make homeowners tens of thousands of pounds in profit, but they risk losing out if prices recover.

 

Top stories

A Premium Bonds advertisement
A Ryanair plane
A man walking off with a For Sale sign board
 

Moral Money

A child with dirty hands

'Can I ask another parent to pay for damage to my child’s trainers?'

Read more and have your say here.

 

Investing

 

Fame and Fortune

Kenney Jones

Kenney Jones: 'Small Faces got screwed – our royalty rate was just 1.5pc'

 

Kenney Jones is still waiting to see his pay-off from the Small Faces’ 1968 album. Read the full interview here.

 

Pensions

Successful young entrepreneur? Don't expect to retire before 79

Thousands of high earners squeezed by 'most complicated pension rules ever'

Retire at 40? Try it for a year with this three-stage plan

 

Questor

A man harvesting palm oil
Rail workers
National Grid workers
View of London city skyline
 

You have the last word...

Roger Ellis said about '31 years old with terminal cancer, so why is Aegon taking so long to cash in my ill health pension?': "Absolutely disgusting treatment. Insurance companies spend fortunes on advertising their virtues. This has got to be Aegon's biggest own goal, totally incompetent."

Jasper Pepper said about 'Biggest banking shake up' fails to increase current account switching: "Why put all your eggs in one basket? Running more than one bank account allows more flexibility than switching."

Michael Watson said about Premium Bonds: record payouts, but here's why you should save elsewhere: "As someone who is not a risk taker with money, I have the full allocation of 50,000 in premium bonds and the amount I receive in winnings is matching the interest on my ISA with a similar amount of money in."

 
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Contact us: to pose a question to our team of expert reporters, email moneyexpert@telegraph.co.uk. If you'd like a free financial plan, email money@telegraph.co.uk with the subject 'Give me a Money Makeover'.

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