Finance in the News – w/c 03.08.20

Share

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

FINANCIAL TIMES

“Will superfunds come to the rescue of UK pensions?”
Covid-19 adds to pressure on final salary schemes to consolidate.
“Investors target pandemic-afflicted stocks as lockdown lifts”
Travel and leisure companies are among the top trades for retail investors as debate rages over a second wave of infections.
“UK house prices enjoy surprise rebound in July”
Release of pent-up demand and changes to stamp duty thought to be behind gains.
“‘Motherhood penalty’ made worse by the effects of the pandemic”
Women more likely to take unpaid leave from work to care for children.
“HMRC targets wealthy in push on tax evasion”
Data show 430 investigations launched in 2019-20, a 26% rise on previous year.
“What a change to CGT could mean to you”
A forthcoming review of how capital gains tax is paid has worried those who fear it will lead to higher levies.

THE TIMES

“Baby boomers worst hit by Covid pay cuts”
Surprising data reveals how the pandemic has affected different generations.
“Investors fork out millions for frozen funds”
Savers can’t get their cash out of property investments, but are still paying hefty fees.
“Will the gold price reach $2,000 — and keep going?”
Bullion can be a safe haven during market uncertainty and the price has soared. Commentators say it’s not too late to get in on the action.

THE TELEGRAPH

“Unilever is now Britain’s largest business – but is this the kiss of death for returns?”
Buying the largest stocks in Britain has often proven to be a poor investment strategy.
“Medium-sized firms ‘can only survive for nine months’ ”
Nine in 10 businesses have had to make job cuts in an attempt to cut costs,
“Homeowners risk legal action for selling mis-measured properties”
Buyers have negotiated huge discounts after being realising the properties have unusable space.

THE GUARDIAN / OBSERVER

“Furloughed workers three times as likely to default on a payment”
Consumer group finds 6% have missed loan or credit card payment in sign of impact of coronavirus.
“UK savings rates are at a record low amid Covid-19 – it’s time to shop around”
Commentators say you do not have to settle for pitiful rates as there are some good deals out there.

Articles on this website are offered only for general informational and educational purposes. They are not offered as and do not constitute financial advice. You should not act or rely on any information contained in this website without first seeking advice from a professional. Capital is at risk; investments and the income from them can fall as well as rise.

You are now departing from the regulatory site of Finura. Finura is not responsible for the accuracy of the information contained within the linked site.

Source: https://www.techlink.co.uk/

Share

Other News

Tax Year End Planning Checklist For Individuals – 2023/24 Tax Year

As tax year end approaches, there is still time to make use of your available reliefs and allowances.

This tax year end planning checklist covers the main planning opportunities available to UK resident individuals and will hopefully help to inspire action to reduce tax for the 2023/24 tax year and to plan ahead for 2024/25.

Higher Rate Taxpaying Is A Growing Club

As tax rate band thresholds are changing, understanding the impact on high rate taxpayers and the economy is crucial.

5 Top Tips To Boost Your Pension Savings

It was recently revealed in the media that the amount we need to enjoy a ‘moderate’ retirement has increased by £8,000 per annum, a 38% increase, in just one year.