RISK WARNINGS AND DISCLAIMERS As the Welsh firebreak lockdown is due to last for two weeks and starts on Friday, … We have a small window of opportunity to act. So what does a firebreak lockdown mean? 10am - 1pm. For example, if you’ve got a credit card that you’re currently paying off, consider transferring the debt to a 0% balance transfer card to give yourself more time to pay it off without accruing more interest. In this capacity we are permitted to act as a credit-broker, not a lender, for consumer credit products. Worried about how a potential firebreak lockdown (or even a full lockdown) might affect your personal finances? Welsh first minister Mark Drakeford said it was “inevitable” that cases would rise in some areas of the country as it prepares to come out of a firebreak lockdown. So it makes sense to have restrictions targeting indoor environments. It’s designed to deliver a short, sharp shock to the chain of coronavirus virus transmissions. If you’re aiming to get your finances on track and you’re in or near retirement, then here’s your chance to claim a FREE copy of an exceptional investing report featuring 5 stocks that The Motley Fool UK is expressly recommending for INVESTORS aged 50 and OVER to consider investing in! The Motley Fool UK has recommended Barclays, Hargreaves Lansdown, HSBC Holdings, Lloyds Banking Group, and Tesco. He said: "We’re considering a two or three-week “fire-break”. All non-essential shops, hospitality businesses (such as cafes, restaurants and pubs – unless they provide delivery and take away services), leisure centres and tourism facilities will be closed. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The firebreak is intended as a full lockdown, as much of the nation was placed under in March this year. What do you mean by a 'firebreak lockdown'? Renowned stock-picker Mark Rogers and his select team of expert analysts at The Motley Fool UK have just revealed 6 "Best Buy" shares that they believe UK investors should consider buying NOW. What is the meaning of a firebreak lockdown? Simply enter your email address below to discover how you can take advantage of this. Any opinions expressed are the opinions of the author only. Pressure is mounting in England to impose a national lockdown, a circuit-breaker or a “firebreak”, in response to rising coronavirus infections. Due to end on November 9, the fixed period of lockdown has been described as the best chance to avoid another ‘damaging’ national lockdown and Mr Drakeford has promised that the ‘firebreak’ will only last for the two weeks specified and will not be extended. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, administrative costs, withholding taxes, different accounting and reporting standards, may have other tax implications, and may not provide the same, or any, regulatory protection. Read more: Firebreak lockdown meaning and the new Covid rules in Wales revealed. No one knows if any of the approaches in the UK will be effective in slowing the rate of infection. But it’s too early to judge or dismiss the tiered system given that it has only been in action for just over a week. A firebreak in the natural world is defined as a "strip of land in a wood or forest from which trees are removed to prevent a fire from spreading". Updated 20/10/2020. This briefing considers the immediate economic impact, and the extent of economic support from both Welsh and UK governments. The Motley Fool UK has recommended Mastercard. “The Welsh firebreak will end on Monday, November 9. The reality is that infection rates are still rising. Do you have to apply for the UK State Pension? Warning! Over the Summer, however, the number of Covid-19 cases slowly began to rise as non-essential shops and hospitality reopened, which is now causing a significant number of hospital admissions and, consequently, deaths. A firebreak lockdown is a short, sharp 'firebreak', which will introduced across Wales at the end of this week to help regain control of coronavirus. Wales has shown throughout this pandemic that we can come together and take the actions to keep our families and our communities safe. Everyone will be required to stay and work at home with the exception of critical workers and those in jobs where working from home is not possible. The ongoing ‘Firebreak’ lockdown in Wales - where places of worship have been ordered to close except for weddings and funerals - has raised questions about its compatibility with freedom of religion or belief under Article 9 ECHR. The new rules which will follow the end of the firebreak lockdown in Wales have been published by the Welsh Government. According to the latest survey by ONS, coronavirus infections in Wales are also rising less sharply than they were before the firebreak lockdown. Start by checking out our list of side hustles you can do from home. Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock rises in the currency of origin. What is a fire-break lockdown? Each of these emails will provide a link to unsubscribe from future emails. Now might be a great time to spruce up your credit. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. Supermarkets can again sell non-essential items while people will only be allowed to meet up inside homes with members of one other household if they have joined into a "bubble". Hospital admissions are about the same as when the 17-day lockdown began. The effectiveness of the current three-tier system of restrictions has been called into doubt with experts suggesting a more national approach is needed to address the soaring infection rate. Click here for MyWalletHero’s resources on the Coronavirus pandemic. And what are the new Covid rules in Wales? A firebreak lockdown, also known as a circuit breaker lockdown, is a mini lockdown usually lasting two weeks. On 19 October First Minister Mark Drakeford announced a two-week, ‘firebreak’ lockdown in Wales. We have taken reasonable steps to ensure that any information provided is accurate at the time of publishing. As a result, people are being asked to stay at home and a … So when something unexpected like the coronavirus outbreak happens, most are caught unprepared and financially vulnerable. https://www.lbc.co.uk/.../firebreak-lockdown-meaning-new-covid-rules-wales The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. The Motley Fool Ltd is an appointed representative of Richdale Brokers & Financial Services Ltd who are authorised and regulated by the FCA (FRN: 422737). A NATIONWIDE two-week lockdown will come into force at 6pm tonight in Wales. This means that a series of restrictive measures will be in place from 6pm on Friday, October 23 until 12:01am Monday, November 9. Why I’d ignore the Argo Blockchain share price and buy other UK shares, FTSE 100 watch: 2 UK shares I’d buy before the ISA deadline, FTSE 100: why I’d forget the Lloyds and Cineworld share prices and buy these UK shares, Extreme Opportunities UK: Next-Gen Supercycle, UK: Freelance Credit Card / Personal Finance Writer, three-tier coronavirus restrictions system, Our top picks for best share dealing brokers, Break old money habits fast with these tips, From Moonpig to Thortful, here are the 6 best ways to send warm wishes online. Freedom was embraced by Welsh families today as the country came out of its 17-day firebreak coronavirus lockdown - but newly open businesses warned English were not welcome for now. The hope is that bringing the numbers down now means that we won’t have to go into a longer and more severe lockdown like we did at the beginning of … Registered Office: 5 New Street Square, London EC4A 3TW. Should I buy? Working from home, and limiting social events are still advised as they look into the full impact of the firebreak lockdown. During a time of national restrictions, Wales’ First Minister, Mark Drakeford, has taken a bold step towards protecting the Welsh people. As people in Wales leave their 17-day firebreak lockdown, they are greeted by a new set of coronavirus rules and restrictions. A firebreak might be just what other parts of the UK need to stop coronavirus in its tracks, or at least interrupt the flow of transmissions and give governments time to come up with better long-term plans. £103m ‘burglary bounce’ expected post-lockdown. Pressure is mounting in England to impose a national lockdown, a circuit-breaker or a “firebreak”, in response to rising coronavirus infections. Mr Drakeford told Monday's Welsh Government press briefing the all-Wales level had now dropped from 250 cases per … He laid out a set of measures similar to the first lockdown in March, which helped bring down the infection rate in the majority of areas. This little-known State Pension rule change could halve your retirement income overnight, 4 things within your control that can make or break your retirement dreams, Free Report: 5 Stocks For Trying To Build Wealth After 50, 4 cheap UK shares I’d buy before the ISA deadline. This FTSE 100 share price is flying! The Motley Fool, Fool, and the Fool logo are registered trademarks of The Motley Fool Holdings Inc. Here’s how much passive income I’d have made over 5 years from BP shares. Here’s what the Wales firebreak lockdown could mean for the rest of the UK. “This fire-break is our best chance of regaining control of the virus and avoiding a much longer – and damaging – national lockdown. Dubbed the 'firebreak lockdown', it will see communities across Wales hit by a tough set of restrictions bound to effect most aspects of our daily lives. People can now travel anywhere within Wales and two households are permitted to form a bubble again. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. The Financial Ombudsman Service and Financial Services Compensation Scheme may consider certain investment related claims. Wales implemented very tough rules, making their population stay at home for 17 days, and Northern Ireland timed theirs around the October school half-term break. The governemnt statement says that once again Wales will take a cautious approach and will ease restrictions gradually to ensure the firebreak has the maximum possible impact on coronavirus. England is currently under its third national lockdown, with measures very close to those that were in place under the first lockdown in March 2020. So if you’re looking for more top stock ideas to try and best position your portfolio in this market, then I have some good news for your today -- because we're offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our 'no quibbles' 30-day subscription fee refund guarantee. Following yesterday’s Welsh Government announcement of a firebreak lockdown across Wales, the College will close to all but essential staff at 6pm on Friday 23 October for half term. “This Stock Could Be Like Buying Amazon in 1997”. The content provided in this article has not taken into account the circumstances of any specific individual, and does not constitute personal advice or a personal recommendation for any individual; neither should it be relied upon by any individual when making an investment decision. Find an investing service that’s right for you! A further discretionary £1,000 grant for businesses that were materially affected by local lockdown measures for 21 days or more prior to the start of the firebreak lockdown period. We may also publish information about consumer credit, loan, mortgage, insurance, savings and investment products and services, including those of our affiliate partners. I'm sure you'll agree that's quite the statement from Motley Fool Co-Founder Tom Gardner. This means that you can only leave your home for ‘essential’ reasons, such as shopping for food, working if you absolutely can’t do so from home or attending medical appointments. James O'Brien Smarter, Happier, and Richer: read our Foolish guide to getting your finances in order. England, on the other hand, is currently under a three-tier coronavirus restrictions system. The lockdown is intended to last four weeks. The main idea is to slow down transmissions by limiting social contact, while also limiting damage to the economy. How much can the stamp duty holiday save you? About Us  |  Contact Us  |  Fool Careers | The Fool UK Team  |  Legal Information  |  Disclaimer & Disclosure  |  Privacy & Cookie Statement  | GDPR | Terms & Conditions  |  Site Map. VAT Number: 188035783. During these times of uncertainty, it’s more than useful to have an extra source of income. A longer, three-week lockdown is likely to be milder - a shorter one would involve the toughest restrictions. The goal is to contain recent spikes in coronavirus cases in the country and prevent the NHS from becoming overwhelmed over the coming weeks. You can avoid this by cutting down spending and putting away as much as you can to build an emergency fund to cover you should things get worse. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. Nothing is certain, however, so we’ll just have to wait and see. What does Wales’ firebreak lockdown mean for Welsh schools? The Rolls-Royce share price holds steady after big 2020 loss. Here are a few actions you can take to prepare. The value of stocks and shares and any dividend income, may fall as well as rise, and is not guaranteed so you may get back less than you invested. From Monday 2 to Friday 6 November, the campuses will remain closed, but all teaching will be delivered online. We do not provide personal advice neither will we arrange any product on your behalf. According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…. Our cabinet will meet tomorrow to discuss any potential border issues for Wales in light of any announcement by No 10.” Earlier Welsh Health Minister Vaughan Gething told Times Radio that the current fire break should mean no further lockdowns are needed before the end of the year. Still, a firebreak lockdown like the one in Wales or Northern Ireland might not be the worst idea. The decision for Wales to enter into a two-week “firebreak” lockdown will put further pressure of small breweries, warns the Society of Independent Brewers (SIBA) and the British Beer & Pub Association (BBPA).. No liability is accepted by the author, The Motley Fool Ltd or its Officers, or Richdale Brokers and Financial Services Ltd or its Officers, for any investment loss, or any other loss or detriment experienced by any individual for any investment decision, whether consequent to, or in any way related to this content, the provision of which is an unregulated activity. I would like to receive emails from you about product information and offers from The Fool and its business partners. In Scotland, the local government has announced that it’s planning to implement a new five-tier lockdown system on Monday 2 November. Any performance statistics that do not adjust for exchange rate changes are likely to result in inaccurate real returns for sterling-based UK investors. Shortly before the Firebreak began, a group of clergy wrote to the First Minister to say that… The majority of the firebreak lockdown restrictions are aimed at limiting non-essential mixing and socialising in indoor settings. Please refer to FOS and FSCS for up-to-date information, including eligibility criteria. If you require any personal advice or personal recommendation, please speak to an independent qualified financial adviser. We estimate around 224,000 employees in Wales work in sectors partially or entirely shut down due to the new firebreak lockdown. Let’s conquer your financial goals together… faster! Rolls-Royce share price: can it go back up to 200p? All rights reserved. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit! Should I buy it for my ISA? And if you click here we’ll show you something that could be key to unlocking 5G’s full potential... A firebreak lockdown, also known as a circuit breaker lockdown, is a mini lockdown usually lasting two weeks. The Lockdown in Wales is being called a ‘firebreak’ lockdown, meaning it will be “short, sharp lockdown”. You should not invest any money you can’t afford to lose and should not rely on any dividend income to meet your living expenses. Wales' new "firebreak" lockdown prohibits the sale of non-essential goods, meaning shoppers are unable to buy items such as mops, birthday cards or stationery for 17 days There is a ban on different households mixing (two households can, however, form a support bubble). Firebreak lockdown, what does this mean for the College? Community centres, libraries and places of worship will also shut. We already know that most coronavirus transmissions are because of close contact with infected persons, the risk of which increases in indoor settings. Everything you need to know including their new coronavirus rules and restrictions. Countries like New Zealand and Singapore have already tried this approach with some success. Should you require advice you should speak to a qualified financial adviser. It’s one way we make money. Are these 2 of the best cheap FTSE 100 shares to buy before the ISA deadline? The Motley Fool Ltd. James O'Brien is Leading Britain's Conversation. The Firebreak lockdown in Wales is 17 days of strict Coronavirus measures. Pressure is mounting in England to impose a national lockdown, a circuit-breaker or a “firebreak”, in response to rising coronavirus infections.The effectiveness of the current Why is this being done? Wales’ Firebreak Lockdown: what does it mean for our guests? Speculation is already mounting that the implementation of a firebreak lockdown in England is imminent. What's more, we firmly believe there's still plenty of upside in its future. Wales emerges from firebreak lockdown under new national restrictions. Northern Ireland is already under its own firebreak lockdown, which commenced on 16 October. There’s a lot of facts and figures to look at to deem whether the Welsh firebreak lockdown worked, however, it has been reported the coronavirus case rates have dropped. MyWalletHero, Fool and The Motley Fool are all trading names of The Motley Fool Ltd. And has it worked in Wales? Warning! Unfortunately, because of coronavirus, we are seeing some businesses shutting down for weeks and many people losing their jobs. Most people do not have an emergency fund. © 1998 – 2021 The Motley Fool. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. And right now, we're giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. In England, we are seeing more regions moving to the very high alert level (tier 3). Wales appears to be heading for another lockdown People in Wales are facing a national lockdown lasting at least two weeks in plans described as a "fire-break" by the first minister. Following a 17 day strict and tough lockdown, which began on October 23, Wales are coming out of their first firebreak lockdown with a new set of rules and restrictions to follow. As the so-called "firebreak-lockdown" in Wales comes to an end on Monday November 9th, there will be a new set of national measures, which will replace the previous restrictions. Different parts of the country have been placed into different alert levels (medium, high and very high), with each having its own set of restrictions. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. So what is a Firebreak lockdown? Like Wales, bars, pubs, and other non-essential shops and service centres have been closed. Wales 's full - but temporary - national fire-break lockdown is essentially the same as a circuit breaker measure. Did the firebreak lockdown work in Wales? Here’s all the details you need to know: A firebreak lockdown can also be known as “circuit breaker” which is a short stint of time following the toughest of lockdown rules in order to try and break the increase in Covid cases. Most of us depend on a single source of income either from a job or a business. Thank you for following our live updates on today's announcement of a "firebreak" lockdown. Coupang stock IPO: should I buy the ‘Amazon of South Korea’?