Finance in the News – w/c 03.08.20


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


“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.


“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.


“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.


“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.

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