Weekend press highlights: 12 June 2023
From disputes over family fortunes to unfair tax breaks, inheritance tax dilemmas were a common theme across the weekend's money sections, writes Headlinemoney's Claire Beard. Elsewhere, there were tips to help kids learn to manage their finances and analysis of an expert's claims that what Brits get up to in the bedroom has a direct link to property prices.
Financial Times
Reforming the UK’s failing pensions system is a priority
The creation of a number of ‘superfunds’ would result in more rewarding management of assets, writes Martin Wolf.
Why I want my name to appear on shareholder registers
Sign a petition, have your say, and demand better communication, explains Moira O’Neill .
Daily Telegraph & Sunday Telegraph
‘Inheritance tax discriminates against single and childless people like me’
Tax breaks remain stuck in the past despite huge shifts in the fabric of families, writes Charlotte Gifford.
The truth about downsizing (from the couples who did it)
Ruth Bloomfield looks into how some owners are bidding farewell to their 'forever homes' amid the cost of living crisis.
The Guardian
Labour says ‘Tory mortgage penalty’ costs homeowners extra £7,000 a year
Nadeem Badshah covers claims from Labour that homeowners are being hit with a “Tory mortgage penalty” of £7,000 a year, with interest rates triple what they were two years ago.
Germans best tippers in Europe, finds poll. Italians? Not so much
Jon Henley, Philip Oltermann and Angela Giuffrida explore how Europeans are deeply divided on tipping.
The Times & Sunday Times
Why remarriage can cost your children their inheritance
With disputes over family fortunes becoming more common, it is vital to get your planning right warns Ali Hussain.
Your fate in their hands — day in the life of a mortgage broker
Lucy Alderson spends a day with the number crunchers working all hours to beat the market chaos.
The Observer
Pocket money: how best to give your children cash
From payment cards and apps to how much, there are ways to help kids learn to manage finances, explains Jess Clark.
Falling funds and the rise of AI are top of the menu at London tech talks
Artificial intelligence will be the main talking point at the coming London Tech Week, writes Dan Milmo, but investment and skills problems remain.
Mail on Sunday
Question: Why has the house price boom run out of steam? Answer: We're not having enough sex! Surprising analysis from top economist
Jessica Beard reports on claims from a top economist that the nation's private lives have a direct link to property prices.
Bank of England 'to hike interest rates again this month': Experts predict base rate to hit 5.5% by end of the year
More interest rate rises are on the cards as the Bank of England prepares to jack up the cost of borrowing for the 13th time in a row, writes Patrick Tooher.
i
Nesting is the new divorce trend where parents, not children, move out of the family home
Nesting can be a pragmatic solution to rising mortgage rates that is growing in popularity, writes Eve McGowan, at least in the early stages of a separation.
Is now a good time to buy a house? What experts say about current UK house prices and what could happen next
explained
Data shows that property prices fell at their fastest annual pace for nearly 14 years in May, reports Alys Keys.
The Sun
Good Point: Full list of lesser-known loyalty schemes that can get you free food, coffee and petrol
Tara Evans and Leah Milner look at the great schemes that can get readers free food, petrol and other goodies.
Pay Delay: Brits buy a third of their possessions on tick, study finds
Jacob Jaffa covers research showing the average Brit has bought almost a third of their possessions on tick.
The Mirror
State pension deadline: How to check your forecast and pay for missing NI years
Brits have until the end of July to plug any gaps in their National Insurance record which will give them the full state pension when they reach the official retirement age, explains Ruby Flanagan.
DWP explains if your Universal Credit will be stopped if you go on holiday
People who claim Universal Credit have to notify the Department for Work and Pensions (DWP) if they are travelling overseas, warns Levi Winchester, and claimants can normally be away for up to one month.
The Express
Simple step to survive house price crash, clear debt and get up to 8% on your savings
Mortgages are being axed and interest rates are soaring, turning the screw on homeowners. Many face a battle to save their home as property prices plunge. Yet there may be a way out, explains Harvey Jones.
Ten holiday pitfalls that could ruin your summer
Harvey Jones covers10 things readers should avoid if they want to have fun in the sun rather than endure a holiday from hell.