Finance in the News – w/c 04.05.20


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


“How Covid-19 is escalating problem debt”
Threat of redundancies and business failures means higher earners need help with their finances.
“Shell dividend cuts a ‘bitter pill’ for income investors”
More than 40% of British companies have cut their pay-outs this year.
“Taking pay cut ‘could trigger a tax bill’”
Tax experts warn of unintended consequences of reducing or giving away pay and bonuses.
“Tax tribunal struggling to cope with remote hearings, lawyers say”
Disputes backlog in ‘under-resourced’ lower court reached 27,280 last quarter.
“Bank of Mum and Dad enters the bailout business”
As young renters feel the pain, parents are having to bridge the financial gaps.
“Investors: never let a crisis go to waste”
Covid-19 underlines the folly of investing in equities for income.


“My husband planned for his death: so should we all”
The wife of a millionaire football club owner who died at 54 pays tribute to his determination to provide for her and her boys.
“Equity release lenders ease rules on advice”
Homeowners planning to unlock the cash tied up in their homes have been warned of the risks as loan companies streamline their application processes to cope with the coronavirus.
“Investment experts call the bottom of the market”
The markets hit rock-bottom a month ago, in the view of some investment professionals who believe the economy is on the up but that it will take a year or two to fully recover.


“Property market freeze pushing families struggling to pay care fees to breaking point”
Families unable to sell their relative’s homes to cover their care fees risk being dragged into costly financial schemes.
“What do you do if lose your job or get sick?”
From how to claim benefits to securing a mortgage holiday.
“I’m self-employed – how do I claim government help, or Universal Credit?”
The Government has promised to pay self-employed people negatively impacted by coronavirus up to 80pc of their earnings.


“Call to freeze all UK private rents to help 1m workers at risk of losing jobs.”
Thinktank wants three-month suspension during Covid-19 pandemic to protect financially vulnerable.
“UK consumers clear £3.8bn of debt while business loans soar since Covid-19 crisis”
Bank of England data shows sweeping changes to spending in March.

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