In this episode of the podcast, I’m talking about Enterprise Investment Schemes, before sharing an interview with the founders of Well&Truly, an exciting new British business that has benefited from EIS funding.

Enterprise Investment Schemes are topical at the moment after an announcement about them in the Budget last week.

What is an EIS? How does it work? Who is it suitable for?

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Personal finance news

-An official review has found care homes are applying unfair charges and excessive fees for self-funders. The Competition and Market Authority review discovered some homes applying large upfront costs for self-funders, as well as charging additional fees to families when their relatives had died.

-The stamp duty exemption for first-time buyers introduced in the Budget last week will have a “limited impact” on demand for housing. This is according to lender Nationwide, following the Budget measure to remove stamp duty for first-time buyers on purchases up to £300,000 in England, Northern Ireland and, temporarily, in Wales.

-Commons Treasury Committee chairman Nicky Morgan has said there must be an even spread of free-to-use cash machines across the UK. Writing to the Link network during a debate about a suggested overhaul to the cash machine system, Morgan said any big fall in the number of ATMs would “clearly be of concern”.

-Fraudsters have been posing as police officers in a scam designed to convince victims they are helping with an undercover investigation. UK Finance has reported that victims of the scam are losing large sums of money.

-Consumers are struggling to break free of unwanted subscriptions including gym memberships and online streaming services. The analysis by Citizens Advice found consumers paid an average of £160 on unwanted services in a period of three months.

Useful links

–Well&Truly

–Lloyds Bank National Business Awards

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