Unemployment rates in Britain are lower than at any time since the 1970s, and according to a survey conducted by recruitment agency Adecco, employers plan to hike wages by 1% over the next year, after a 1.5% increase in the first half of this year.
But despite this, British workers are likely to become worse off, because inflation rates are stubbornly refusing to come down, and the Bank of England have no immediate plans to increase interest rates. Read more
It’s amazing to think that the Bank of England has not raised interest rates for more than a decade, but then nobody expected the credit crunch, quantitative easing, or indeed the “age of austerity” that George Osborne introduced during his time as chancellor.
That’s a lot of jargon to digest, but digest it we have, with the result that most of us have tightened the purse strings and tried to take a more frugal approach to our finances.
The big question now is, how much longer will we have to endure this financial stasis? Read more
Britain in Debt? The signs are not good. According to an article in today’s Times, the balance of Britain’s credit cards as a whole is closing in on £70 billion pounds, unsecured credit lending is increasing year on year, and the rise of concepts like payday loans and un-arranged overdrafts are causing consumers to fall further and further into debt. Read more
Top tips for surviving in Singapore and getting your fix of society and culture.
2 weeks ago, I wrote about arriving in Singapore for the first time and being blown away by its unique combination of stunning high rise architecture, lush tropical greenery, melting pot of cultures and, oxymoron alert, its confident, yet refined, ostentation. Read more
Singapore is a great place for entrepreneurs, thanks to its blend of working styles, tax regime and ease of setting up a branch or subsidiary office. Read more
Singapore has been an independent republic since 1965, and in that period the city state has undergone a dramatic transformation from third world to first world country. Read more
As part of The Money Cloud Worldwide series PR and Content Manager Edmund Ingham is writing about his experiences travelling around Asia. To read posts from our previous series, about Malaysia, click here
It hadn’t occurred to me to visit Singapore before but now I am here I am wondering why not! Read more
I began my last post in this travelling Malaysia series by saying that the more time I spent in Kuala Lumpur, Malaysia, the more I liked it.
Well, forgive me for sounding like a broken record, but a few days on that rings even truer!
I think that the first week to ten days in any city is not enough time to really get to know a new place – which is a shame because a week to ten days is all most of us get when we spend time abroad. Read more
The Money Cloud, your best resource for overseas money transfer comparison, explores Malaysia, its big banks and the fintech scene. Read our earlier posts on Malaysian fintech startups to watch and and overview of fintech in Malaysia.
Edmund Ingham, PR and Content Manager at The Money Cloud on how the government is supporting fintech in Malaysia and the startups to watch.
After 10 days in Kuala Lumpur I’ve finally got over the jetlag (it really can take that long) and I’m becoming acclimatised to the tropical heat. Kuala Lumpur has so much to offer every type of traveller, from its hipster cafes, to its bustling centre, to the Batu caves and the giant Buddha that sits beside them.
By Edmund Ingham, PR & Communications Manager, The Money Cloud
Fintech is a truly global phenomenon, and on behalf of The Money Cloud I am on a mission to explore the scene across SE Asia and China.
In almost all parts of the world, investment into fintech services and products is sky-rocketing, and nowhere is this truer than in Asia and China. Read more
In our recent series of articles we have looked at how to open a bank account overseas, how to arrange an overseas mortgage, and how to calculate tax on an overseas property.
So, with the hard work done, let’s indulge ourselves a bit and take a look at some of the best overseas destinations for property buyers, and some of the hottest properties on these markets. Of course, we cannot cover all of the best properties or give you all the facts in just one article, and we would urge you, wherever you do decide to buy, to take good advice and complete as much research as you can before you make a purchasing decision. But that said, this could be a great place to start your search!
In this recent series of articles, we have been looking at the possibilities of relocating abroad, and in this section we’ll be looking at paying tax on an overseas property, or properties.
A spell abroad can be an enriching experience for solo travellers, workers, families or retirees, but to make the most of the experience, and avoid the pitfalls, its best to know from the outset where you stand financially – this will not only give you peace of mind and leave you free to enjoy everything a spell overseas can offer, but also opens the door to exciting opportunities, such as acquiring a property overseas. Read more
Most of us have been tempted, or even given serious consideration to buying a property overseas at one stage in our lives, and rightly so!
For some of us the temptation is just a passing fancy; but for an increasing number what can seem like a wild and exotic decision at first can be, provided you do your research thoroughly, rooted in good sense, and not nearly as hard to achieve as some people will try to convince you it is.
If you are committed, sensible, realistic about what is achievable and know who you are dealing with, you may be surprised by how straightforward it can be to acquire a wonderful property abroad using a mortgage product. Read more
A local bank account can be a lifesaver when relocating abroad.
Relocating abroad is something that many people will do at least once in their lives, and generally speaking, it is a valuable life experience that allows you to experience a new culture, enhance your career prospects and even make you a more well-rounded person.
Even in today’s modern, digitalised world, however, there are certain hurdles that you must jump through and rules to comply with that you must understand if your stay abroad is to be a success. Read more
Fintech is now one of the world’s best-known startup buzzwords, and with good reason.
The fusion of the finance and technology industries has been a long time coming – some might say too long – but now that the union has happened, sparks have really begun to fly. Read more
Santander launched its latest product, the “100% digital” OpenBank last week amidst much fanfare and some bold new features and promises. Currently it is only available in Spain, but is expected to be rolled out internationally soon.
So, after 15 months in the making, and having been re-built from scratch, can this re-launched product of Santander’s be seen as a blueprint for the way the bank accounts of the future will operate? Read more
World Remit, the London based International Money Transfer (IMT) startup valued at half a billion dollars, has announced that it is to be the first to run on Google’s Android Pay system, the company announced last week. Read more
India is the world’s largest receiver of remittance inflows; some $62.7 billion was sent in 2016-17 – more than the total Foreign Direct Investment (FDI) into the country.
Now, thanks to a partnership between mobile payments provider TerraPay and private sector lender Yes Bank, India’s diaspora will be able to make instant cross-border money transactions into the country.
It seems we may well be heading towards a world where, when sending money internationally, the only thing we need to concern ourselves with is the exchange rate – because transaction fees are rapidly being consigned to history.
Starting from today, Circle, a money transfer service and app that allows its users to ping money to one another using a mobile messaging service, is introducing fee-free person-to-person (P2P) money transfer services for users in the UK, Spain, and the US. Read more