Finance in the News – w/c 31.05.21

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

FINANCIAL TIMES

“Inheritance: the taxman’s take”
As the pandemic puts pressure on public finances, the UK’s quirky IHT system has come under international scrutiny.
“Index providers’ revenues jump to a record $4.1bn in 2020”
MSCI and S&P maintain lead over FTSE Russell as overall revenues shoot up by nearly 10%.
“How can I protect my son’s finances?”
He has Asperger’s syndrome and ADHD and could easily be taken advantage of.
“Money Clinic podcast: Should investors believe in bitcoin?”
After a volatile week, we hear from investors who have taken a chance on crypto.
“Clean energy stocks are as crowded as tech before dotcom crash, says MSCI”
Flood of cash leaves renewable sector especially vulnerable to sharp market sell-off.
“Why young investors bet the farm on cryptocurrencies”
The racy, high-risk asset class has filled a void of investment advice for the average young person.

THE TIMES

“Missing signature on my brother’s will tore our whole family apart”
An innocent mistake on this crucial document can wreck relationships for ever.
“First-time buyers: finally, mortgage rates start to tumble”
The arrival of cheaper deals will be a blow to those tied in to high rates.
“How to pay less than 10% tax on a £1.7m pension”
Forget those 55% tax bills for busting the lifetime pension allowance limit. You can keep the taxman at bay.

THE TELEGRAPH

“UK house prices spike 11pc despite looming tax rise”
Surging value will continue even when stamp duty increases, experts say as properties jump at fastest pace for seven years.
“The sun is setting on cash: just 7% of us will pay with notes and coins by 2024”
Use of cash halved last year to 13.4% of spending in shops and the decline is forecast to continue.
“Increasing capital gains tax would kill off Britain’s entrepreneurial spirit”
Tax hacks: applying income tax rates to property sales and stock market profits would discourage investment.

THE GUARDIAN / OBSERVER

“Counting the personal cost: when axing bank branches doesn’t add up”
As thousands are taken off the high street, fears grow for the vulnerable left without access to services.
“UK petrol prices expected to rise for seventh month in a row”
RAC Foundation figures suggest cost of unleaded could reach seven-year high within weeks.

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