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Wednesday, 8th August 2018

John Smiles

Population ageing raise taxes or cut services?

For many years, government, interest groups, pension providers and financial advisers have spoken about the impending 'pensions time bomb'.

A recent report from the Office for Budget Responsibility (OBR) in the UK casts a different slant on the same problem.

The OBR carries out a fiscal sustainability report every year on the basis of current Government policies.

It shows the future cost of the public services Government has to provide by law together with a projection of its revenues.

Debt interest is the only large item of UK public expenditure that is contractually bound but it is probably safe to assume that no future Government will be able to reduce public spending on pensions; long-term care; health; education and welfare payments.

The cost of most of these services is primarily determined by demand which is linked to the

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Wednesday, 8th August 2018

Michael Garland bizBoost PR

'Mamma Mia', I should have gone to bingo!

There are some things which you do in life, that'll have you wondering "Just why did I do that?" You know those moments those persuasive people around you, who get you to jump off a high wall onto a pile of snow, only for you to break your arm! Snow, no matter how high it is piled up, gives no guarantee of a soft landing does it Andrew Meikle?

As young innocent youths, growing up in the village of Pitlessie, we got up to ALL manner of "silly games!". The wee village we lived in had around 300 inhabitants, not a massive population by any stretch of the imagination, but to us it was the centre of the Universe. We went to school together and considering that the local primary had

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Wednesday, 1st August 2018

John Smiles

Qualified Financial Advisor

Will we have a US China Trade War?

The risk of a trade war between the USA and China has grabbed markets' attention recently, fuelled by headlines; Twitter quotes from Donald Trump and also because of the threat of retaliatory action from China.

Equity markets are under pressure, credit spreads are wider, and bond yields are lower as a result.

No one wins in a trade war - The argument for free trade is based on the theory of comparative advantage, according to 19th century economist David Ricardo.

Comparative advantage is the ability of a country to carry out a particular economic activity more efficiently than another country.

The theory states that if countries specialise in producing goods where they have the lower opportunity cost, there will be an increase in economic welfare and both countries will gain by trading with each

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Wednesday, 1st August 2018

Michael Garland bizBoost PR

No more 'Tiers'!

Last week we learned that Waterford and the South East region, is continuing to languish in the third tier of Ireland's economic recovery. This SE corner is struggling so badly, that there are no signs, in the very near future, of promotional opportunities to elevate us into the higher league.

With the continued lack of Government investment and support, you have to ask "Will we ever get the help that other towns, cities and regions receive?"

When the 2018 WIT South East Economic Monitor was made available, were we really, in all honesty, surprised by the findings? Every man and his dog knows, that there's very little disposable income across the region.

Despite the headline grabbing 2040 commitments and our North Quay development, there's really not much else to get excited about.

Successive years of neglect have come home

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Wednesday, 1st August 2018

Sunflower Cottage, Carrigeen, Via Waterford is a charming detached and part thatched cottage which has been completely restored and also has the benefit of a large extension.

This unique property has been restored with the love and attention to detail that is second to none, and which can be felt immediately upon entering this fine family home.

The property is entered by a large cobblelock driveway surrounded by well maintained mature gardens and a detached garage.

Located in the heart of the village of Carrigeen, a beautiful, peaceful village in South Kilkenny, close to the River Suir, with superb connection links to Waterford, Kilkenny and Dublin.

The property is just a 1 minute walk from Carrigeen NS, St Kevin's Church, and the village shop and pub.

The property is situated just 1.5km from

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Sunday, 29th July 2018

John Smiles

Qualified Financial Advisor

What can you do if declined Life

Insurance Cover?

Being declined life insurance cover is a serious but not very common event. Cover is generally declined because underwriters believe your application poses a higher risk than they are prepared to take on.

The risk factors that can cause a declinature are:

- Pre-existing medical conditions

- Hazardous occupations

- Professional sports person

- Extreme sports

- High risk hobbies/past times

When underwriting life insurance, insurers must assess the level of extra risk presented in each individual case, where any of the above factors are present.

The underwriter classifies those risks and if a policy cannot be issued at standard terms, the insurer can:

- Postpone the application for a period of time

- Apply a rating to the case which will cause the premium to increase

- Decline the application

Postponement usually occurs because you are recovering from an illness or have recently been diagnosed with a new illness.

You

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Sunday, 29th July 2018

Michael Garland bizBoost PR

Where is 'The Home of the Greenway'?

After 40 day and 40 nights of brilliant sunshine, it actually rained on Sunday 15th July - a day that will surely live long in our memory.

There's a very fine line between riding the crest of a wave and drowning in your self-importance. It's a strange game to want to participate in and to those that do, I readily tip my hat, as you really can never win - damned if you do and damned if you don't.

If you were watching the footie, you'll remember in years to come, that on this day, France won the World Cup in Moscow, 20 years after lifting the trophy in Paris.

It was also the day that Novak Djokovic lifted his fourth Wimbledon title. Made all the more remarkable, when you consider the injury hampered

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Wednesday, 18th July 2018

John Smiles

Qualified Financial Advisor

Footballers in 'legal' action

With the football World Cup just completed, a different kind of 'match' took place recently in the UK High Court, London.

Four former Premier League footballers, Robbie Savage, Danny Murphy, both BBC soccer pundits, Brian Deane and Jason Wilcox, sued Royal Bank of Scotland, owner of Coutts, the Queen's Bank for being in 'joint enterprise' with their advisers over a controversial property scheme that left a raft of stars with substantial losses.

The lawsuit relates to investments that were originally made in 2004 for the purchase of apartments in Monte Resina, Spain which cost a total of €7 million (£6.1 million) and investments in Charlotte Harbor in Florida. The development in Spain comprised 10 apartments in a single complex and the claimants each bought one flat. Coutts and RBS Gibraltar were the banks that provided lending

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Wednesday, 18th July 2018

KBC Bank Ireland's Chief economist, Austin Hughes, will deliver a presentation on The "new normal" for economies and financial markets to a group of KBC Bank clients in Waterford on July 19th.

In the context of this presentation, Mr Hughes looked at current economic conditions in the South East of Ireland and recent developments in the Waterford housing market.

Economic conditions have improved significantly in Waterford and the South East in recent years. The turnaround has been uneven but the recovery in the South East has broadly mirrored that seen across the Irish economy as a whole although this upturn has been more modest than that seen in Dublin.

New developments and initiatives such as the Waterford Greenway should support further gains in activity and employment.

Job gains in the South East have closely tracked the national average. A slightly poorer trend in employment

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Wednesday, 18th July 2018

Michael Garland bizBoost PR

Ireland

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Letters to the Editor

  • Waiting can be bad for your He...

    When the latest statistic that waiting times for patients had risen to their highest level yet, there can't have been too many people that were surprised.There are now over 700.000 people on waiting lists with over 50.000 of them children. That so many people are waiting for treatment in one of the most developed economies in the world is truly frightening. Of course you can take into account the underfunding of the health sector during the economic downturn but it still wouldn't fully explain why so ma …

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