Tag: ditch

3 reasons I’d ditch buy-to-let property and buy cheap UK shares right now

Buy-to-let property used to be a surefire way to build a sizeable financial nest egg. Unfortunately, tax and regulatory changes over the past few years means this is no longer the case. As a result, I think buying a basket of cheap UK shares could produce better returns in the long run. 

Today, I’m going to highlight the three reasons why I believe this is the case. 

Buy-to-let returns

There are two ways investors can profit from buy-to-let property. Rental income and capital gains. Many investors rely on rental income to cover mortgage payments and costs, such as decorating and emergency repairs. The income covers the day-to-day expenses, and the real profit comes from capital gains. 

However, over the past few years, rental yields have dropped significantly. The average rental yield in the UK is now around 3.5%, although it’s possible to achieve higher returns. At the same time, the

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Business groups renew proposal to ditch New York’s Scaffold Law

ALBANY — Dozens of business advocacy and local government groups penned a letter to Gov. Andrew M. Cuomo on Tuesday calling for him to include a repeal of a state law that has been on the books since the 1800s that puts the blame for workplace accidents solely on the shoulders of the business — regardless of the worker’s relative responsibility in their own injury.

The statute, known as the Scaffold Law, holds employers and building owners to an “absolute liability” standard whenever a worker is injured or killed in an accident involving a fall from an elevated surface. New York is the only state in the country with such a law.

Imagine the famous photo “Lunch Atop a Skyscraper,” in which the construction workers building 30 Rockefeller Plaza sit with their lunches on an outstretched steel beam, nothing beneath them to stop them from falling to their deaths if

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