Here's why 2025 could be start of the 'Great Downsizing,' says ANDREW OXLADE
3 months, 1 week ago

Here's why 2025 could be start of the 'Great Downsizing,' says ANDREW OXLADE

Daily Mail  

Britain faces many pressing financial challenges. Rents have surged by about 28 per cent in four years, taking the average monthly cost to £1,330, says the Office for National Statistics. Andrew Oxlade says the 'Great Wealth Transfer' could begin in 2025 Buying your first home has always been hard. You also pay less than the full 40 per cent rate if you die between three and seven years after the gift - it tapers down. The 2024 Fidelity Global Sentiment Survey showed most British people want to help their descendants - 61 per cent made it a priority to 'help my children/grandchildren with their future financial situation'.

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