Finance in the News – w/c 31.10.22

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

FINANCIAL TIMES

“Mortgage shock: what next for embattled borrowers?”
Spiralling home loan rates add to households’ cost of living pressures
“Lost UK pension pots soar to 2.8mn”
£26.6bn has gone missing as more workers move jobs and home
“Harry Nimmo: UK small companies will recover in six months”
Retiring veteran fund manager Harry Nimmo optimistic for investments
“Greenwashing faces fresh curbs in UK regulator’s crackdown”
FCA rules will govern terms such as ESG in fund marketing and will affix consumer labels to sustainable investments
“Time for a currency hedge for sterling investors?”
Savers expecting pound’s recovery can protect dollar-based holdings
“Investing to beat the inflation monster”
Look for value in unloved sectors such as car making.

THE TIMES

“There’s one rule for your money: don’t do nothing”
Political and economic uncertainty are making it hard to plan, but you still need to make the right choices for your finances
“Why expensive funds aren’t always worth the price tag”
The most expensive funds consistently underperform cheaper alternatives, costing investors thousands of pounds in unnecessary fees as well as lost returns.
“Pasta, rockets and posh wellies: would you take a punt on VCT investing?”
Venture capital trusts offer generous tax breaks, dividends and the chance of backing the next big thing, but you may need to be quick to bag a bargain.

THE TELEGRAPH

“The property coldspots where demand from buyers is falling furthest”
Zoopla warns of looming fall in prices ahead of Bank of England meeting on Thursday.
“First-time buyers need to quadruple deposits to beat mortgage mayhem”
Average borrower would need to find an extra £81,510 to get onto the housing ladder.
“How to use a credit card to boost your savings”
The practice of ‘stoozing’ is becoming popular again – but it is not risk free.

THE GUARDIAN / OBSERVER

“Sadiq Khan calls for rent freeze as rough sleeping rises by a fifth in London”
Mayor demands government action including end to benefit cap and more resources for councils as cost-of-living crisis bites.
“Air fryer and slipper sales surge as UK strives to reduce energy use”
Consumers move quickly to prepare for unaffordable energy bills despite mild autumn, finds market research.

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