FTSE Drops To Five Year Low
The FTSE 100 index has dropped by 4.6% to a five-year low. As increasing anxiety about the state of the global economy hit embattled banks and demand advertisement worries sent energy and mining stocks tumbling, the London stock index tumbled to 3665.21 points shortly after. But generally speakin, the top index in UK is recovering slowly.
Other European markets are also falling at this time, with the Cac 40 in Paris down by 5.5% and the Dax in Frankfurt falling 3.5%. Then the Asian stock markets suffered from plung of Hong Kong’s Hang Seng index by 12.5% and fall of Japan’s Nikkei index by 6%.
According to experts in the field, there is more pain left. The global turmoil does not appear to be resolving soon.
Ten Easy Ways to Make Money
As a result of the long-lasting recession, the living pressure is increasing along with the raise energy price and products price. It has become a concern of many families to save money in case of urgent needs. Increasing amount of people are looking for good ways to earn more to make up the deficiency in their financial needs.
Here is some simple but effective ways to make some extra money. Maybe you have already tried some of these ways, however, hope that you can still find something in this mix that appeals to you.
1. Recycle your phone for cash
2. Rent out the spare parking space
3. Sell your photos online
4. Flog the old CDs
5. Get paid to try new games
6. Get paid to review music
8. Turn your home into a film set
How To Get A Better Savings Rate
As the economic condition has been hit hard by rising inflation and the collapse of market-leading savings providers like Icesave and Bradford & Bingley, it has been a very calamitous year.
The recent dramatic cuts in the interest rates have left many savers with pain.
In order to see a real return on your money to beat inflation, basic rate taxpayers have to find a savings account paying at least 5.63%, while higher-rate taxpayers need to find one paying at least 7.5%.
The easiest way to get around the problem is to stash your cash in a Cash ISA to make it grow tax-free. However, even if you have already used up the ISA allowance, you don’t need to stick your money in an account with a rubbish rate. It is still possible can still get a good return on your cash via simply looking off the high street.
There are two main ways to get a better saving rates.
First of all, make comparison between financing products carefully. Compare savings accounts, credit cards, and loans. Request guide of investment in uncertain times.
Secondly, National Savings & Investments (NS&I) savings certificates, backed by the British Government, is the savings equivalent of putting your savings in a nuclear bunker. And at the moment, NS&I are offering a fantastic, tax-free return of RPI plus 1% on its three-year and five-year certificates.
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