Finance in the News – w/c 01.08.22

Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.

FINANCIAL TIMES

“Savings choices at a time of high inflation”
Rates are finally rising — but the best ones are not at the high street banks.
“Inheritance tax receipts jump 14% in UK to £6.1bn”
Rising house prices fuel increase in estate values.
“Extreme heat is a wake-up call for investors on infrastructure”
Time to target companies adapting to climate change
“Why do we still bother with active funds?”
‘Manager vs Machine’ report finds that passive funds have fared better in choppy markets.
“Time to think about UK currency risk?”
Underweight in foreign equities, British investors can consider putting more money abroad.
“How much is high inflation costing you?”
Experts give practical tips to help manage rising prices and higher interest rates.

THE TIMES

“How the mortgage-free majority squeezed out first-time buyers”
Is the fact that eight million households now own their home outright storing up problems for those desperate to get on the ladder?
“Banks that hiked your mortgage by £384 — but gave nothing on savings”
The cost of borrowing has kept up with base rate rises but, despite some modest gains, savers are falling behind.
“Prepare for awful October: time for a two-week turn-off”
The moment we turn the heating on, our energy bills soar — so delay that moment as long as you can.

THE TELEGRAPH

“‘Taxpayers spend twice as much on civil servants’ pensions than potholes and libraries”
There is a multi-billion pound gap in public finances caused by unaffordable pension promises.
“Money Makeover: ‘I have a £1.4m pension – how do I retire early and not pay any tax?’”
Reader faces hefty pension and inheritances taxes and wants to find a way around it.
“‘Axe inheritance tax for good’: how Liz Truss could overhaul death duties”
Liz Truss has promised to review inheritance tax, but what changes could she make?

THE GUARDIAN / OBSERVER

“More than one in eight UK households fear they have no way of making more cuts”
As energy bills soar, survey shows almost half of homes are worried about paying rent or mortgage
“‘Brexit to blame’: UK shoppers pay up to 50% more than those in EU”
From Zara to Ikea and Decathlon, stores charge more for same items, Guardian Money research finds

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