Weekend press highlights: 31 July 2022

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Tax issues were under the microscope in this weekend's money pages, from warnings for readers to be aware of current stealth taxes as well as new tax cut pledges, to tips on understanding the savings to be gained from little-known tax perks. Elsewhere, writes Claire Beard, experts predict a "iceberg" of rising business rates ahead and there's a post-Brexit examination prices of popular items at pan-European retailers.

Financial Times

UK companies face ‘iceberg’ of business rates next year
Jim Pickard and Jonathan Eley cover warnings from industry groups that companies in England are heading for an “iceberg” next spring with business rates set to rise by up to £3bn because of soaring inflation.

How the great British sandwich trade was derailed by Brexit, Covid and inflation
An industry that became a symbol of the changes in the economy over four decades now faces a perfect storm of problems, write Judith Evans, Alice Hancock and Emma Jacobs.

Daily Telegraph and Sunday Telegraph

‘A rogue will writer stole £150,000 from my friend’
A will is one of the most important legal documents but there are no restrictions on who can prepare one, warns Charlotte Gifford.

Taxpayers spend twice as much on civil servants' pensions than potholes and libraries
Jessica Beard reports on analysis showing more than twice as much taxpayer cash is used to cover the shortfall in public sector pension pay than is spent on libraries and fixing potholes combined.

The Guardian

‘Brexit to blame’: UK shoppers pay up to 50% more than those in EU
Patrick Collinson covers a survey examining prices of popular items at pan-European retailers including Ikea, Apple and JD Sports, comparing prices in the UK, Germany, France, Spain, Italy and Ireland.

Cost of living crisis: new website speeds up help for Britons facing hardship
A new one-stop online platform cuts the time it takes to get grants to needy households as their bills soar, writes Rupert Jones.

The Times

Bank branches are disappearing before our eyes. How many will be left?
We have lost 5,155 bank branches since 2015, write George Nixon and Anna Lombardi. At this rate we could even end up with more fire stations than banks.

Smart meter problems: what you need to know
For many customers the arrival of a smart gadget has been nothing but trouble — and they shouldn’t have to put up with it, explains Ali Hussain.

The Observer

Can ‘social tariffs’ solve the UK’s looming fuel poverty cataclysm?
MPs and charities are supporting a new billing structure featuring subsidised lower-cost energy for people in need, explains Rob Davies.

Will ‘connected cars’ persuade drivers to pay for a high-spec ride?
Manufacturers have spied a handy revenue stream by delivering upgrades ‘over the air’.  Jasper Jolly considers if car owners will be prepared to fork out.

Mail on Sunday

How to prepare yourself for a mortgage shock: Steps borrowers can take to avoid the steepest hikes
Mortgage rates are surging at a record pace, leaving homeowners at risk of yearly payments hundreds of pounds higher than in recent years. Ruth Jackson-Kirby outlines steps borrowers can take to avoid the steepest hikes. 

One in four grandparents now give cash help to first-time buyers - and typical amount given is up 25% in six years to £31k
A quarter of grandparents have assisted – or are planning to help – their grandchildren become first-time buyers, explains Rachel Rickard Straus.


How to cut costs on school uniform, from bulk buys to swap shops
Amy Burns explains there are a number of ways parents can save on their children’s uniforms this summer – without splashing the cash.

Britons would rather give up meat than pay more tax to tackle global warming, poll reveals
With the cost of living continuing to bite, people would prefer to change their behaviour than pay more to the Treasury for efforts to reach net zero emissions, writes Jane Merrick.

The Sun

To your credit: Parents have just HOURS left to renew benefits or risk payments being stopped
In the run up to the deadline for tax credit claims, around a quarter of a million people getting the benefit have still needed to renew their claim, warns Lynsey Barber.

Staycations off: Hard-up Brits cancelling holidays in UK as petrol prices make journeys too expensive
Ryan Sabey covers poll results showing Brits are abandoning their staycation plans because the drive has now become too expensive.

The Mirror

Your landlord could end up owing you thousands of pounds - here's why
Levi Winchester describes how landlords could end up having to pay tenants thousands of pounds if they didn’t protect their deposit in a TDP scheme within 30 days of them sending the cash.

Little-known tax perks that could save you thousands of pounds each year
Sam Barker explains to readers how knowing the rules surrounding tax could save them a serious wedge, with tax breaks on offer for people with side jobs, married couples and anyone with a spare room.

The Express

Stealth tax shock - here are the taxes you didn't know you were paying 'They're endless'
Over the last decade, a string of Tory party chancellors have raised taxes in sneaky ways in the hope we don’t spot what they are doing. So while Truss and Sunak make new tax cut pledges, voters should focus on the ones they aren’t talking about, writes Harvey Jones.

Carer's Allowance: Unpaid carers can claim an extra £279 each month - are you eligible?
Ruby Flanagan explains Britons who do unpaid care for someone else can be eligible for payments of £69.70 a week via Carer's Allowance - working out at nearly £279 every month.

31 July 2022

Claire Beard

Head of Content, Headlinemoney

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