In the news this morning, the FCA will address the issue of whether consumers have the right tools to make effective decisions, in its upcoming study of the mortgage market. Housing is one of the areas consumers are getting a poor deal, the PM told the Conservative Party conference, as she said a change has to come. The number of late tax returns could exceed a million for the first time amid tax breaks relating to sharing websites, including Airbnb.
FCA study to ask if consumers have right tools for decision-making (FT/£)
The Financial Conduct Authority will consider whether homebuyers are too optimistic about being able to repay their mortgages in its upcoming market study.
PM pledges change (The Times/£)
A change has got to come, prime minister Theresa May said in a speech on the final day of the Conservative party conference.
Airbnb tax breaks cause confusion (The Telegraph/FREE)
Confusion over tax breaks relating to the use of sharing websites, including Airbnb, could push the total of late tax returns over the one million mark for the first time.
Levete on gender balance (The Times/£)
Amanda Levete, described as the world’s leading female architect, expresses surprise that female architects continue to be described by their gender.
Tesco’s pretax profit down 28.3% (The Independent/FREE)
Tesco’s H1 like-for-like group sales rose 1% as the retailer recorded an increase for the third quarter in a row.
BoE to become less data-dependent (The Times/£)
The Bank of England will be less data-dependent when it comes to future rate decisions, as Brexit is likely to impact medium-term growth even if the short-term data do not reflect the weakness.
