Finance in the News – w/c 07.11.22

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

FINANCIAL TIMES

“A child’s eye view of the cost-of-living crisis”
From saving pocket money to better budgeting and giving to charity, children’s financial habits are changing.
“UK private wealth portfolios down by up to a third”
Market losses, inflation and currency movements combine to hurt savers this year.
“Householders warm again to wood-burning stoves”
Families seek a traditional alternative as gas and electric prices soar.
“Falls in UK mortgage rates predicted as BoE signals dovish outlook”
Lenders say cost of fixed-rate deals will come down, but warn it will take time.
“Tax perks for holiday rentals under scrutiny”
OTS recommends a review of short-term lets regime.
“UK house prices fall in October as borrowing costs rise”
Market upheaval following mini-Budget hits property sector as household finances are squeezed.

THE TIMES

“Why you could be in negative equity by the summer”
Falls in house prices could mean that recent buyers with small deposits will soon owe more than their property is worth.
“Is it time to put the heating on?”
The cost of heating is higher than ever before, but can people afford to delay warming their homes? Let us know your thoughts in the comments.
“Good news for Isa savers at last”
Savers can now get 2.5% from an easy-access cash Isa from Marcus by Goldman Sachs, and 4.65% on two, three and five-year deals from the State Bank of India.

THE TELEGRAPH

“Savers owed £7bn as banks hold back on better rates”
MPs call on banks to ‘do the right thing’ and pay savers what they deserve.
“How much the new tax raid on pension savings will cost you”
Treasury considers extending freeze on lifetime allowance to 2028.
“Why Londoners receive £50,000 more in state pension payments”
Pushing up the state pension age will leave thousands short in retirement.

THE GUARDIAN / OBSERVER

“Car insurance: how to get the right policy at the best price”
It’s worth planning ahead when you renew. Here’s how to make sure you cut cost of your premiums.
“National insurance tax cut: what it means for you”
The rise of 1.25p in the pound that employees have been paying since April is being reversed.

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