My decide of final week’s information is Simply 5% of personal leases reasonably priced on housing profit.
Tweet of the week
That is what occurs if you freeze native housing allowance charges throughout a interval of hovering rents.
In 2013, housing profit was sufficient to cowl the hire on 22% of personal rental properties on Zoopla. Now, that determine is 5%.
It’s not simply mortgagors below the cosh! https://t.co/CMvxpIa6mG pic.twitter.com/ZMKfwSqldC
— Ben Zaranko (@BenZaranko) June 27, 2023
Mortgages:
Simply 5% of personal leases reasonably priced on housing profit Guardian: Freeze on cost since April 2020 and hovering rents imply variety of houses reasonably priced to recipients is lowest on document
Vitality boss requires abolition of standing costs on vitality payments Vitality Reside Information: The chief of Centrica has known as for adjustments to make vitality payments less complicated and fairer, together with abolishing the standing cost and introducing a progressive social tariff
“Freeman of the land” and different comparable defences that don’t work:
Insolvency Service reprimands regulator physique for the primary time gov.uk: ICAEW was discovered to have failed to observe whether or not Duncan was adhering to those restrictions, nor did it take steps to make sure that any property funds Duncan was managing have been topic to the suitable monetary controls. It’s understood that Duncan has absconded having misappropriated almost £4 million in property funds.
Make a declare to On a regular basis Loans, George Banco & Belief Two My article, now the NSF scheme is dwell for claims.
The mortgage sharks benefiting from the ache of hovering costs BBC: He now hears from single mums and households trying to borrow smaller quantities of £500 to £1,000 to pay fuel and electrical energy payments or for groceries.
Financial savings raid: Britons withdrew a document £4.6billion from banks and constructing societies final month – so the place is all of it going? Mail: A few of that is some smart juggling, as we transfer into mounted price offers, aggressive NS&I accounts and Isas. Nonetheless, there’s an actual threat that hundreds of thousands of persons are being pressured to erode their financial savings to make ends meet.
Penalising the poor taxpolicy.co.uk: 420,000 HMRC penalties charged to individuals who earned too little to pay tax. That’s 40% of all HMRC late submitting penalties.
Authorized support agency to ‘wind down operations’ after 24 years Legislation Gazette: Authorized support work entails disproportionately excessive ranges of pointless administration for work at unacceptably low charges. This extra paperwork wastes big quantities of helpful time and assets which may very well be much better spent on advising purchasers.
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