Finance in the News – w/c 09.08.22

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

FINANCIAL TIMES

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.

THE TIMES

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.

THE TELEGRAPH

‘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.

THE GUARDIAN / OBSERVER

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.

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