Finance in the News – w/c 29.08.22

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

FINANCIAL TIMES

“Landlords face fresh dilemmas amid the economic storm”
Many buy-to-let investors plan to sell all or part of their portfolios.
“UK households to be hit by 80% rise in energy bills”
A typical gas and electricity bill will rise to £3,549 a year from October.
“Soaring UK rents leave tenants facing eviction and homelessness”
Growing number are unable to keep up with payments in a rapidly overheating market.
“Green bond rate increased to 3%”
Three-year deal brings NS&I offer closer to rivals.
“Don’t let energy price wars nuke our personal finances”
As price cap heralds 80% rise in bills this winter, there’s no time to waste.
“Why sustainable investors may rue going passive”
Any fund manager not assessing a company’s ESG credentials is flying blind.

THE TIMES

“Bankers’ fees tumble as volatility hits dealmaking”
A slump in dealmaking this year is hitting investment bankers’ fees.
“Food bills ‘will rise by £37 a month’ because of impact of drought”
The average household will pay £37.41 more for food each month by December next year, a rise of about 12%, because of the impact of the drought on crops, according to the Centre for Economics and Business Research.
“Experts tell Bank to think hard before bond sell-offs”
A sharp sell-off in gilts and volatile markets should give the Bank of England “pause for thought” before starting the sale of its bond-holdings next month, analysts have warned.

THE TELEGRAPH

“Money Makeover: ‘How do I generate £32,000 a year from my savings?’”
The Telegraph’s readers downsized, freeing up £770,000 – now they want to turn this into a reliable income.
“‘The energy crisis is worse than the pandemic – I’m having to close my business’”
Small firms are facing ruin due to sky-high energy costs and less money in consumers’ pockets.
“Tax-savvy investors need to make sure they own stocks with low debt – these are The Telegraph’s picks”
Questor Inheritance Tax Portfolio: Impressive recent updates and sound long-term strategies mean these stocks remain worthwhile holdings

THE GUARDIAN / OBSERVER

“Crypto crash: how a teacher’s dream investment turned into a nightmare loss”
Small-scale investors left counting the cost this year after value of digital assets fell off a cliff.
“Want to turn your leasehold into an Airbnb? It may be against the rules”
Owners planning to rent out their home short term may not realise it’s breaking the terms of their lease.

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