When it comes to making sparkling wine in the UK, the south-facing chalk lands of Kent and West Sussex that sit, or so lore has it, on the same bed as the Champagne region, spring to mind. But quietly, other parts of the British Isles have found soil conditions and climates to be optimum for growing various grape varieties. One region that rises above them is Wales. While definitely niche, it’s not a new venture for the country. The Marquess of Bute’s vineyard at Castell Coch near Cardiff grew gamay noir, notably grown in Beaujolais and the Loire Valley, from 1875. By 1887, it was producing 3,000 bottles of wine, although sugar shortages during the First World War then put an end to production.... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for free … [Read more...] about ‘I retired at 46 then set up an award-winning winery in Wales’
A High Court Judge has ruled it would be “unconscionable” not to reverse a decision that left the three children of a late widow with a shock inheritance tax (IHT) bill worth £112,000, after the family received mistaken advice from two professionals on how to avoid the death duty. The siblings will now be spared from having to hand over almost half of their trust fund windfall to HM Revenue & Customs (HMRC), which lumped them with the unexpected invoice after their mother Sally Elizabeth Alston died in November 2016. Experts have said the ruling would give hope of recompense to those who fall foul of a fiendishly complex system It comes as HMRC said this week it raked in a record high of £5.4bn... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week … [Read more...] about How one family got their £112k inheritance tax bill waived
The International Monetary Fund (IMF) says the New Zealand economy is operating at "close to potential", but warns the future outlook is "tilted to the downside". In its latest review of how New Zealand is doing, the IMF praised its low unemployment figures and rising wages, crediting boosts to the minimum wage. "New Zealand's economic expansion is still solid," it said. "Despite the loss of momentum in economic activity and a cooling in housing markets, output has remained close to potential, and the unemployment rate has continued to decline. "Broader price and wage pressures have not yet emerged even though the economy has operated close to capacity for some time. " 'Rockstar economy' lost its 'mojo' - HSBC economist Paul Bloxham GDP growth has cooled off in the past couple of years, which the IMF put down to the end of post-quake reconstruction in Christchurch, a drop-off in net migration and the end of the Auckland housing boom. "Downside risks to the economic outlook in … [Read more...] about IMF praises New Zealand economy
The economist who coined the term "rockstar economy" says New Zealand's financial system has lost its "mojo", blaming global headwinds as well as Government policy uncertainty. Statistics New Zealand revealed on Thursday that New Zealand's gross domestic product (GDP) had grown 0.5 percent in the April-June quarter. It was the first time GDP had reached $300 billion. NZ's economy growing at 'slightly slower' pace than last year Economist suggests 'literally' giving money to the poor to save the economy Business confidence slumps in latest ANZ Business outlook However, despite that, the rate of growth is falling. In the previous quarter, growth jumped 0.6 percent. Annual growth is also down to its lowest level since 2013. HSBC chief economist Paul Bloxham - who famously said that under the previous Government New Zealand had a "rockstar economy" - told The AM Show on Friday that the economy was definitely slowing down. "New Zealand was a rockstar economy in 2014, actually right … [Read more...] about New Zealand’s ‘rockstar economy’ lost its ‘mojo’
It's time for Your Money, Your Business and the New Zealand Super Fund has offered a seven percent return. The fund is locked away until at least 2030 but the money will go a long way to helping future generations pay for the ever-increasing cost of NZ Super. NZIER Principal Economist Christina Leung spoke to The AM Show. Watch the video. … [Read more...] about How is the NZ Super Fund performing?