EXPLOREMY LIBRARY
News & Politics
MoneyWeek

MoneyWeek

Issue 1001

There's a reason MoneyWeek is Britain's best-selling financial magazine. We exist to help you ground your portfolio so that it keeps your money safe during rough patches and growing in the good times. We don't just look at how to maximise your returns and limit your losses, we also like to look at how you can keep more of the money you've made. Week-in, week-out we'll guide you through the financial world as it changes, alerting you to all the opportunities to profit and dangers to avoid, as they appear. Income strategies, rising-star companies, the best funds and trusts, clever ways to preserve your wealth during market turmoil... you will get the best ideas from the sharpest financial minds and investing professionals in Britain.

Country:
United Kingdom
Language:
English
Publisher:
Dennis Publishing UK
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51 Issues

in this issue

3 min.
from the editor-in-chief...

“People will return to post-Covid lives that have roughly the same shape as before” A large part of the nation currently seems to be reading Claire Tomalin’s biography of Samuel Pepys. We are too. But my attention has been grabbed not so much by his experiences in the Great Plague as by the aftermath of the Great Fire, which he also survived. The shock of the fire prompted all sorts of grandstanding. Take the rebuilding of the city. No one wanted to go back to the messy jumble of a fire hazard they had lived with before. Everything must change they said. A Rebuilding Act was passed stipulating that all new buildings had to be constructed of brick or stone. Splendid plans were produced of grid systems with church-filled squares and of…

1 min.
britain’s stolen art

Over 90,000 items of art and collectables have been reported stolen or lost in the UK since 1990, with 80,000 remaining unrecovered – a record that makes British investigations of stolen art “an embarrassment”, says Charles Hill, one of the world’s leading art detectives. Hill, whose successes include tracking down Edvard Munch’s The Scream after it was stolen in 1994, blames legislation that has “stymied the police in dealing with informants”, he tells The Times. A further problem is that UK police “do not specialise” and are “inadequate” compared to other countries. Scotland Yard’s art and antiquities unit (AAU) has just three officers dedicated to art crime in Britain. Italy’s carabinieri boasts 300 dedicated officers, while the US has a team of 20 FBI special agents and 400 trained officers…

1 min.
good week for:

Naomi Osaka has surpassed Serena Williams as the world’s highest-paid female athlete, raking in £37.2m in prize money and endorsements over the last year, says Sky Sports. The 22-year-old (pictured right) earned $1.4m more than American great Williams, who had been first on the list for the last four years. An unnamed driver who was charged £182 by a parking company after pulling into a town-centre car park for 11 minutes and 48 seconds has won £529 in compensation, says The Sunday Times. One Parking Solution was ordered to pay the driver after a judge ruled that its penalty was an “abuse of process”.…

1 min.
bad week for:

A German man accused of faking his death to claim €4m in insurance was given away by the glint of his wedding ring in a policeman’s torch beam as he hid in his mother’s attic, says The Times. Cristoph H, 52, went missing on 7 October last year. His wife alerted the police after he disappeared while driving his motor boat, but authorities grew suspicious when it emerged the man had bought a dozen life insurance policies that benefit his wife and 86-year-old mother. Luxury brands have been left tattered by lockdown, says The Sunday Times. Designer Diane von Furstenberg, popular with the Duchess of Cambridge, was forced to close her Mayfair store permanently last week, pushing the subsidiary that ran it into administration. Burberry has written off £68m of stock,…

2 min.
can hong kong survive as a financial hub?

With the world distracted by the virus, Beijing has been tightening the screws on Hong Kong, says Timothy McLaughlin in The Atlantic. The Chinese Communist Party says that it will impose a national security law on the semi-autonomous city, bypassing Hong Kong’s own legislature. Opponents fear that this spells a “fundamental shift” in the “one country, two systems” framework under which the financial hub enjoys rights such as an independent judiciary and freedom of speech. US secretary of state Mike Pompeo has said that the “disastrous proposal” would sound the “death knell” for Hong Kong’s autonomy. Why British blue-chips are exposed The local Hang Seng index plunged by 5.6% last Friday, its biggest one-day fall since 2015. The property sector was hit especially hard. Shares in local magnate Li Ka-shing’s CK Asset…

1 min.
can the uk housing market escape a slump?

The housing market has reopened, but “most ingredients are in place for a property crash”, writes Larry Elliott in The Guardian. Ultra-low interest rates and mortgage holidays should cushion some of the pain. Yet unemployment sits at 2.1 million. That is only a hint of the misery to come asthe Treasury winds down its job-furlough scheme, which supports eight million people. The Bank of England is predicting a 16% slump in prices, says Kate Andrews in The Spectator. Yet other analysts think that falling demand and supply will cancel each other out. In the US transactions are down, but that is partly thanks to a big drop in houses for sale: all but the most desperate are keeping their houses off the market. The result is that US prices have actually…