Finance in the News – w/c 19.10.20

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

FINANCIAL TIMES

“Wealth tax: FT Money readers are divided”
Survey reveals a split between those who favour reducing inequality and those who fear penalising savers.
“Minister eyes raising housing deposits from pension savings”
Opperman says his ‘door is open’ to schemes that help first-time buyers.
“UK active managers fail to prove their mettle in a bear market”
Only half of stock pickers outperformed in 2020’s volatile markets.
“Moving back home may not be a millennial money saver”
Some are better placed to withstand the economic storm than others.
“Pensions: We’re not all in this together”
Whatever keeps politicians up at night, it won’t be retirement planning.
“The costly fallacy of ‘asset class’ investment”
Too many fund managers and alternative holdings are bad for pension beneficiaries.

THE TIMES

“This could be the best time in 40 years to be buying British shares”
Prices are at their cheapest since records began, but will they rise or fall?
“So, what is the Tory plan on tax, Mr Chancellor?”
Will it be a hike in capital gains or perhaps income tax? A rise in rates for the self-employed seems odds on, and pensions tax relief in its current form surely can’t survive much longer.
“Mortgage drought?”
First-time buyers should look to building societies closer to home.

THE TELEGRAPH

“Property asking prices jump to record high before stamp duty deadline”
The average price of a home is now £16,818 more than in October 2019 – a year-on-year jump of 5.5%.
“The stock market winners and losers from negative interest rates”
Negative rates would have consequences for stock and bond markets.
“Chancellor urged to cut taxes like Australia and New Zealand”
Governments around the world cut taxes while Rishi Sunak mulls upping levies at home.

THE GUARDIAN / OBSERVER

“Boomerang trend of young adults living with parents is rising – study”
Researchers believe increase in single Britons not fully leaving home till their 30s is here to stay.
“Peer-to-peer lending”
I’m 19,050th in the queue to get my savings back.

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