Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.
“Scammers prey on fears over the cost-of-living crisis”
Losses from the UK’s fraud ‘epidemic’ rose to £1.3bn last year.
“Mortgage misery for millions following rate rise”
40% of fixed-rate deals will end this year, exposing borrowers to higher costs.
“Support surges for campaigners urging non-payment of energy bills”
Experts warn consumers that halting direct debits could mean higher bills and poorer credit scores.
“Time to invest in taking a sabbatical?”
‘More employers are prepared to grant staff time off, but there are important financial questions to ask if you do/
“Rich People’s Problems: Should I ditch my Amex Centurion card?”
The annual fee is rising by more than 50%
“NHS chiefs call for ‘urgent changes’ to UK pension tax rules to ease waiting lists”
Health leaders urge Treasury to review allowance limits for doctors to avoid extra work being declined because of inflation.
“How the mortgage-free majority squeezed out first-time buyers”
Is the fact that eight million households now own their home outright storing up problems for those desperate to get on the ladder?
“Despite the rate rises, accounts still pay less than before the pandemic”
Some of the most popular current accounts are still paying lower rates of interest than they were before the pandemic despite the Bank of England base rate having risen to its highest in 14 years last week.
“The Bank of Mum and Dad is running out of cash”
Struggling parents are cutting back on giving their children money because of the cost of living crisis, research suggests.
“‘Money Makeover: ‘I’ve paid £8,000 to my financial adviser – am I being ripped off?’”
The adviser is asking for more money and our reader is wondering whether to go at it alone.
“Landlords left scrambling for loans as banks cull deals”
Lenders withdrew more than a thousand products in the past two months.
“My daughter died and LV’s children’s illness cover wouldn’t pay out”
Reader’s baby daughter was born with a rare heart condition, but LV would not pay out.
“City workers get double-digit wage rises while lowest-paid see 1% increase”
Report finds ‘tale of two labour markets’ as workers in London’s financial district enjoy inflation-busting increases.
“Can’t pay, won’t pay: thousands in Britain vow to ignore energy bills”
Soaring costs have given rise to a civil disobedience movement aiming to put pressure on energy firms.
Articles on this website are offered only for general information 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.
Past performance is not a guide to future performance and may not be repeated. Capital is at risk; investments and the income from them can fall as well as rise and investors may not get back the amounts originally invested.
Your home may be repossessed if you do not keep up with payments on your mortgage.
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.
As tax year end approaches, there is still time to make use of your available reliefs and allowances.
This tax year end planning checklist covers the main planning opportunities available to UK resident individuals and will hopefully help to inspire action to reduce tax for the 2023/24 tax year and to plan ahead for 2024/25.
As tax rate band thresholds are changing, understanding the impact on high rate taxpayers and the economy is crucial.
It was recently revealed in the media that the amount we need to enjoy a ‘moderate’ retirement has increased by £8,000 per annum, a 38% increase, in just one year.