Finance in the News – w/c 25.05.20

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

FINANCIAL TIMES

“Thousands of women miss out on £100m in state pension payments”
Former pensions minister says many women can claim reimbursement after government error.
“The future of buy-to-let in a shrinking economy”
Private landlords face prospect of rental arrears and falling returns.
“Housing sales halve for April as lockdown froze market”
Data show a sharp fall in residential property deals but analysts warn worse is to come.
“UK inflation falls to 0.8% as spending is slashed”
Savings accounts look better value — for now.
“Pension savers could be forced to repay millions in tax relief”
Landmark ruling likely to affect company directors and small business owners.
“Tax: how we will pay for the pandemic measures”
Previous manifesto promises could be broken and unpopular decisions made as the UK’s budget deficit mounts.

THE TIMES

“Income funds RIP”
With dividends collapsing, investors are increasingly trying to find regular returns.
“Bankers and tech workers — the new mortgage prisoners”
Getting a bonus on top of your pay used to give you a better chance of a great loan deal. Not anymore.
“Sipp savers fear they will have to repay tax relief on ‘in specie’ contributions”
HM Revenue & Customs may be able to recover millions of pounds in tax relief after winning a test case in the Upper Tribunal (Tax) against Sippchoice, a provider of self-invested personal pensions.

THE TELEGRAPH

“Tax hacks: the tax cuts Rishi Sunak should announce to save the economy”
Slash stamp duty, scrap the pensions lifetime allowance, and bin plans to raise taxes on the self-employed.
“Four alternative options to invest for an income as dividends continue to be cut”
Bonds, real estate multi-asset and infrastructure are types of funds that can still pay a good income.
“What the UK can learn from Lisbon, where house prices could still rise this year despite coronavirus”
Lisbon is one of the few prime markets in the world where house prices could still rise in 2020. Why can’t the same thing happen in London?

THE GUARDIAN / OBSERVER

“Lockdown – Huge rise in hacking attacks on home workers”
Cybercriminals are exploiting fears and chaos caused by coronavirus, says security firm.
“Frustrated contracts: the law is on your side over holiday refunds”
Once a contract becomes impossible to perform, due to the fault of neither party, it is treated as frustrated, meaning neither party is bound and any advance payments, including deposits, have to be refunded.

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Source: https://www.techlink.co.uk/