Finance in the News – w/c 07.02.22

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

FINANCIAL TIMES

“Investors hold tight through wild markets ride”
Regular investment remains the best policy, even if inflation fears have soured the mood.
“Stamp duty receipts hit record high after tax holiday ends”
Booming sales at the top end of the market pushed takings to nearly £3bn in the last quarter of 2021.
“Phoenix pushes for young savers to pay more for their pensions”
The UK’s largest long-term savings provider seeks a higher cap for a group it says can shoulder more risk.
“Mortgage lenders cut 10-year fixed rates ahead of Bank rate decision”
Borrowers seeking long-term fixed-rate loans amid rising rates and inflation.
“Over 7mn at risk of ‘financial exclusion’”
British millennials are prolific users of subprime lending.
“Overtaxed and underpaid: no wonder young investors love crypto”
Rising taxes and inflation are pushing young people further up the risk curve.

THE TIMES

“The sneaky tricks of the energy giants”
Fixing your tariff is no longer the best option — not that your supplier will tell you that.
“It only took an hour — but by the end of it, we were all £1,000 worse off”
Thursday’s double announcement of a rise in the energy cap and the Bank base rate is about to hit all our pockets.
“Tech stocks are tumbling, it’s time to go back to boring banks”
There is one big winner from the Bank of England’s base rate rise on Thursday: banks.

THE TELEGRAPH

“My three golden rules to keep your tenants happy and profits high”
The Secret Landlord: investing in buy-to-let means focusing on the less glamorous side, too
“Pandemic housing boom ‘over’ as rising cost of living takes hold”
Number of sales in January back to ‘normal’ levels, Halifax warns.
“New 50p coin: why you could have £26,000 in your pocket”
A new coin celebrating the Queen’s Platinum Jubilee anniversary will launch today.

THE GUARDIAN / OBSERVER

“Mortgages: switching could save £200 a month as interest rates rise”
The cost of living is soaring, but you may still be able to cut the cost of your repayments.
“Cutting green levies on energy bills is false economy, say analysts”
UK needs to reduce gas addiction and ramp up clean energy investment to bring energy bills down permanently.

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/