Finance in the News – w/c 22.06.20

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

FINANCIAL TIMES

“Probate: 10 things you should know”
FT readers reveal their experiences with the probate system.
“Mortgage curbs expected to last until autumn”
Lending restrictions likely to hold until economic effects of government support schemes become clear.
“Credit card borrowers to be offered extra coronavirus payment ‘holiday’”
Banks and regulators prepare for next wave of financial distress among UK customers.
“FCA reveals problems with equity release advice to homeowners”
UK regulator fears some customers are rushing into decisions at a low point in the market.
“Fine wine investment ages well amid volatile markets”
The Covid-19 crisis is bringing tensions to a head in the market for Bordeaux’s ‘en primeur’ wines.
“Why this market is like Donald Trump’s hair”
Stock markets feel unnaturally high and liable to be blown away at any moment.

THE TIMES

“YouTube guru: ‘Use Covid loans to snap up a property’”
Paul Smith advised people to take out a £50,000 government handout — and not pay it back.
“Brexit made British stocks look cheap, but don’t overlook our continental rivals”
Investors often stick to their home shores, but picking international stocks has never been easier.
“Tougher rules for buy-to-let landlords”
Barclays is to stop giving mortgages to buy-to-let landlords who buy property through their own limited company.

THE TELEGRAPH

“How Britain could become home to a new Hong Kong”
As China threatens Hong Kong’s self-governance, millions are considering leaving – and one man plans to build a new city for them to move to.
“Tech, DIY and gambling – should you invest in the FTSE 100’s newest members?”
Four new companies join the FTSE 100 but not all will be worth investing in.
“The fund managers using Fibonacci and the laws of physics to navigate Covid-19 stock market falls”
These three fund have been spared from the worst of recent sell-offs thanks, in part, to the unusual career backgrounds of their managers.

THE GUARDIAN / OBSERVER

“UK reports rise in over-50s struggling to pay for necessities”
Surge in universal credit claims highlights precarious financial situation of demographic.
“Financial inequality: the ethnicity gap in pay, wealth and property”
Data shows that people of colour are worse off than white counterparts and black households face the biggest deficit.

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