Finance in the News – w/c 25.07.22

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

FINANCIAL TIMES

“Investing in Europe’s holiday hotspots”
For savers who can’t stay away from their portfolios, some suggestions from FT correspondents.
“Cost of living crisis could force consumers to cut back on insurance, FCA warns”
Regulator calls on industry to provide more support to vulnerable customers who are most at risk.
“Peter Spiller: Look at the 1960s, not 1970s, for economic lessons”
Veteran fund manager warns inflation could persist for years, shaping investment views.
“National Savings lifts rates on key accounts”
Increases bring savers big gains but still lag behind market leaders’ offers.
“Are you due a share of £50bn of lost assets?”
More effort should go into tracking down the owners of lost accounts.
“How to close the pensions gap for the self-employed”
Tax breaks are needed to encourage more retirement saving.

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?
“Banks that hiked your mortgage by £384 — but gave nothing on savings”
The cost of borrowing has kept up with base rate rises but, despite some modest gains, savers are falling behind, reports Ali Hussain.
“It’s Philip Hammond v the TikTok crypto bros”
The former chancellor is backing digital assets, he tells Lily Russell-Jones.

THE TELEGRAPH

“‘My husband died and they cut my state pension by £1,000’”
Bizarre and outdated rules are affecting widowers who rely on their husband’s national insurance record.
“Flawed eco rules push up landlords’ mortgages”
Homes in the same building with the same characteristics are being given wildly different EPC scores by assessors.
“New banks reward savers with double rates”
New bank entrants continue to steal customers away from high street brands.

THE GUARDIAN / OBSERVER

“Want an electric car but fear the cost? Here’s how to flick the switch”
Make the change without forking out huge sums.
“Appy shoppers: are the new money-making services worth it?”
Shepper, EasyShift and Field Agent promise easy cash for quick jobs. The Guardian test them out.

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