Finance in the News – w/c 05.09.22

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

FINANCIAL TIMES

“Students battle to stay afloat in cost-of-living crisis”
Experts warn of undergraduate poverty and an increased gap between rich and poor.
“HMRC chases 4,000 taxi drivers for unpaid tax”
Suspicions over private hire operators who use mobile apps.
“UK government wins pension fund legal challenge over change to RPI”
BT, Ford and Marks and Spencer pension schemes argued the new CPHI measure would leave pensioners worse off.
“UK house prices rise at annual rate of 10% despite steeper mortgage costs”
Double-digit growth for 10th successive month surpasses economists’ expectations of slowdown.
“‘Most active fund managers should quit’”
Novice investors are better served by passive funds, says Blue Whale co-founder.
“A ‘back to school’ moment for your finances”
Budget-busting challenges ahead mean everyone needs to check their sums this autumn.

THE TIMES

“WFH just got more expensive. But it still may be cheaper than going to work”
Whether you can save by heading into work isn’t just about the cost of your heating, it’s also about the price of your commute.
“The big equity release dilemma — should you cash in?”
It’s the new big question: faced with soaring bills, should pensioners use the wealth stored up in their properties.
“Is the UK’s inflation rate really that much worse than Europe’s?”
UK unemployment is lower than in many EU countries but the number of job vacancies is close to a record high.

THE TELEGRAPH

“Retirees taking a fifth more from their pensions as inflation bites”
Pots have also taken a hit from choppy markets affecting how much savers can take out tax free.
“Inflation is going to be very painful – but there’s one saving grace for investors”
America has no gas crisis, while its central bank is fighting inflation vigorously. We in Britain are not so lucky.
“Landlords face a crisis that will be ‘worse than during pandemic’”
More than 400,000 households will fall behind on rent – the most for 11 years.

THE GUARDIAN / OBSERVER

“‘Storm coming’: Britain in a mess as ruinous energy bills meet austerity”
Talk on picket line in Felixstowe and high street in Ipswich says new PM has just weeks to tackle crisis.
“More than 120,000 workers quit jobs because of racism, UK study suggests”
Survey finds more than a quarter of minority ethnic workers have faced racist jokes in last five years.

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