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Page last updated at 12:37 GMT, Saturday, 5 September 2009 13:37 UK

Are you a bull or a bear?

Trader views screen
BBC Radio 4's Money Box
Saturday, 5 September 2009 at 1204 BST On Radio 4 and Online

In the first Money Box programme of the new season, Paul Lewis looked at the stockmarket which has gained almost 20 per cent over the summer.

With talk now about how soon the recession will end, what does this mean for investors?

Are we really into a sustainable "bull run" as the economy bounces back?

Or will there be a sober re-appraisal with the start of the autumn term and the end of the holiday season?

Paul Lewis discussed the outlook with Barry Norris, partner at Argonaut Capital and independent economist, Michael Hughes.

Further information:


Child Trust Funds

A child with a Money Box
Around 700,000 children a year will receive the top-up

Starting this week children turning seven years old will receive a top-up payment from the government of £250 into their Child Trust Fund.

Child Trust Funds are savings and investment accounts for children born on or after 1 September 2002 that cannot be accessed until they are 18 years old.

The idea is to provide children with some money to start their adult life. But many will not have seen much return on their investment, so what options are available to them?

Dennis Hall, the managing director of Yellowtail Financial Planning supplied the answers.

Further information:


Keydata

Money Box listener Wendy
Keydata investor Wendy feels she has lost her financial security

Why are Keydata investors still not clear about their financial position?

The Serious Fraud Office is investigating the disappearance of more than £100m of clients' money from an underlying fund.

But the Financial Services Compensation Scheme has still not yet decided whether investors can lodge claims for compensation.

And 30,000 people invested in Isas, which were illegitimate. Will they face a huge backdated tax bill?

Three months on, Her Majesty's Revenue and Customs (HMRC) has still not decided.

We spoke to angry investors and the administrator, Dan Schwarzmann of PricewaterhouseCoopers.

Further information:


Tax havens

HMRC
HMRC can demand names and addresses from banks

Whilst it is not illegal to hold money offshore, it is illegal to not pay any UK taxes due on that money.

This week HM Revenue and Customs (HMRC) has launched an amnesty for people who hold undeclared funds in tax havens around the world.

If you come clean by the end of November the HMRC is offering a carrot in the form of a reduced penalty charge of 10 per cent of your total unpaid tax bill (plus, of course, the unpaid tax).

But it is wielding a hefty stick too - HMRC is now able to obtain offshore account details for customers of more than 300 banks.

So if you do not own up now, you potentially risk harsher consequences further down the line.

We talked to HMRC's most senior civil servant: the Permanent Secretary for Tax, David Hartnett.

Further information:


BBC Radio 4's Money Box was broadcast on Saturday, 5 September at 1204 BST.

The programme was repeated on Sunday, 6 September at 2102 BST.



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