Financial news

• Government's 'care Isa' plan dismissed by Tory health committee chair

  19-08-2018 11:45
  Dr Sarah Wollaston labels as ‘colossal mistake’ proposed Isa where inheritance tax is axed A senior Tory MP has dismissed proposals for a “care Isa” after it emerged that ministers were considering a tax-free personal savings scheme to cover the rising costs of caring for an ageing population.Dr Sarah Wollaston, who chairs the Commons health and social care select committee, said the plans were “a colossal mistake” that would only serve as a solution “fo
  
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• How to spot a ‘dog’ in your investment portfolio

  19-08-2018 11:01 via feedproxy.google.com
  Unless you pay careful attention to your long- term savings you could quickly find your wealth is going to the dogs. Britons have billions of pounds in underperforming funds that have lagged the market for year after year, taking a big bite out of their wealth.
  
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• Time to move on tax

  19-08-2018 10:35 via feedproxy.google.com
  Almost no one outside of the Treasury has a good word to say for stamp duty, one of the most damaging stealth taxes of all, which adds thousands of pounds to the cost of moving home.
  
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• Are holiday homes ruining the British seaside?

  19-08-2018 10:00 via theguardian.com
  Packed in summer and ghost towns in winter, resorts are losing millions in council tax while locals find life increasingly unaffordablePam Kinsey rarely visits Porthmeor beach in the height of summer. Overlooked by Tate St Ives and facing the Atlantic ocean, the promenade is heaving with teenage surfers and families marked out by striped windbreakers and beach towels crumpled across the sand.“I don’t mind people having holidays, I’m very pleased for them, I don’t blame th
  
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• Is the homebuilders’ house of cards starting to wobble? | Sean Farrell

  19-08-2018 08:00
  The help-to-buy boom in the property market has done wonders for Persimmon. How much longer can that last?It’s late August, so things are quiet when it comes to company news. But on Tuesday there are first-half results from housebuilder Persimmon Homes, which is run by the best-paid boss of a public company.Last week’s report by the High Pay Centre showed Jeff Fairburn was paid £47.1m last year – more than 10 times the £3.9m median figure for a FTSE 100 boss. The av
  
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