Weekend press highlights: 4 September 2023

Weekend press highlights: 4 September 2023
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From the rising cost of renting to the availability of more 40-year mortgage terms, stories on housing affordability featured prominently across the weekend's money sections, writes Headlinemoney's Claire Beard. Elsewhere, there were warnings of brokers exploiting those seeking driving tests, advice on using fuel loyalty schemes and tips on covering back to school expenses as a new school term approaches.

Financial Times

Gender pension gap to remain for decades without action
Women’s workplace pensions are forecast to narrow only slightly to men’s in the coming two decades, reports Rafe Uddin.

Michael Gove warns over backlash to green policies and wealth inequality
Robert Wright covers warnings from Michael Gove that new environmental rules risked provoking a populist backlash and expressed his “worry” about the UK’s widening wealth inequalities.

Daily Telegraph & Sunday Telegraph

‘I’ve taken out a 40-year mortgage – I’m banking on rates going down’
More home buyers than ever are taking a risk on 40-year mortgage terms, writes Ruby Hinchliffe, betting that interest rates will come down and that they won’t actually have to pay off the loan into their retirement.

How Donald Trump freed Americans from inheritance tax
Across the Atlantic, a rising tax-free exemption has made the hated levy all but disappear, explains Charlotte Gifford.

The Guardian

‘I’m a beauty addict’: women tell of how they spend thousands on products and treatments
Jedidajah Otte explores how many shoppers say they feel under pressure to pay huge sums, with some borrowing to cover the costs.

Third of UK mortgage holders ‘do not think they will pay it off by 65’
As another lender increases its maximum home loan term to 40 years, Rupert Jones considers the implications for borrowers.

The Times & Sunday Times

‘The sacrifices I’ve made to send my son to private school’
Waitrose or Lidl? The Alps or a staycation? Parents are cutting back as costs rise sharply. Lily Russell-Jones reports.

Richer in retirement: pensioners are up £100 a week since 2002
Ali Hussain covers data showing pensioners are £100 a week richer in real terms compared with 20 years ago.

The Observer

‘An absolute mess’: learner drivers forced to buy tests on black market as companies block-book slots
As brokers exploit the hunt for tests with an automated ‘bot’ system, many are paying extortionate fees to ditch their L-plates, reports Jon Ungoed-Thomas.

UK rents rise faster in deprived areas – and drag more people into poverty
Sian Norris covers data showing the cost of renting has doubled in some poor urban districts, driven in part by mortgage rate rises.

Daily Mail & Mail on Sunday

Buy-to-let hotspots where you CAN still earn an inflation beating income
Sarah Davidson explains how landlords can secure close to double-digit returns, as buy-to-let yields climb in some parts of the country.

Best buy rate from NS&I - so where's the catch?
Jessica Beard explores the highly unusual move that propelled NS&I bonds to the top of best-buy lists.

The Sun

Mortgage Trap: We were stuck on a soaring mortgage rate for MONTHS due to paperwork delays – I had to take out credit card to buy food
A third of homeowners are caught in a mortgage affordability trap as they struggle to cover housing costs, report Leah Milner and Olivia Marshall.

Cash In: Exact days major energy supplier gives half-price electricity this month – but you need to be quick
James Flanders explains how a major energy supplier is giving thousands of customers half-price electricity this month.

The Mirror

How you can save money when filling up your car - including fuel loyalty schemes
Ruby Flanagan explains how drivers can sign up for petrol loyalty schemes - just like supermarket schemes - to cut their petrol costs.

Five tax hacks which could help boost your income by up to £16,000 a year
Brits could boost their income by taking advantage of tax breaks, writes Ruby Flanagan.

The Express

Don’t wait for Jeremy Hunt! Here’s how you can ease your personal tax burden today
Chancellor Jeremy Hunt is coming under growing pressure to give voters a tax cut before the next election, yet there is no guarantee he will do it, writes Harvey Jones.

'Nice to get money back!' Dad shares 'easy' tool that helped save him over £1,750
As the new school term approaches, reports Temie Laleye, experts predict it could cost hundreds of pounds to get the kids ready.