Finance in the News – w/c 15.08.22

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

FINANCIAL TIMES

Six key issues for expats returning to the UK
With tax, pensions and logistics costs, the process can be hugely expensive — even before reaching the high-inflation UK.
Attempts to block probate rise 37% in two years
Increase in DIY wills during the pandemic leads to more family disputes.
Parents cut back on children’s pocket money as UK inflation bites
Average weekly handout is down by 23%
British energy bills forecast to soar above £5,000 next year
Latest dire warning intensifies pressure on the government to ease the cost of living crisis.
Workers halt pension savings as cost of living crisis bites
Warning over long-term damage to retirement funds.
Truss, Sunak and those shaky tax pledges
What the Tory candidates’ tax plans mean for our pockets — if indeed they ever come about.

THE TIMES

Hire car firms are back — and so are their rip-off charges
Watch out for those excess insurance costs, dodgy repair bills and a wealth of other unexpected extras.
Prepare for the fastest price rises on record
Inflation is rising at the fastest pace on record and is expected to hit 10 per cent for older people.
The ten investment questions you really should be asking . . .
Holly Thomas gets the experts’ views on everything from pensions to tech and China.

THE TELEGRAPH

Record number of landlords are beating the taxman – here’s how to join them
Swapping properties owned by a limited company skips over stamp duty.
‘My mum was owed £89,000 in state pension – and now the council’s trying to take it off us’”
Thousands of women are being compensated but the taxman and local councils are trying to get a slice of the action.
Families missing out on inheritance tax loophole
The ability to bank share price losses can save thousands in tax.

THE GUARDIAN / OBSERVER

UK house prices drop for first time this year, says Rightmove
Experts blame 1.3% average fall on summer distractions rather than economic factors.
Labour announces plan to freeze energy price cap with reinforced windfall tax
Keir Starmer says people won’t pay ‘a penny more’ and that plan would reduce inflation.

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