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The Sunday Times leads with an exodus from UK shares as Corbyn spooks investors, reporting that billions have been pulled out of UK equity funds and hundreds of millions of pounds are being stockpiled in cash.
Star fund manager Nick Train’s £6.6bn Lindsell Train UK Equity fund has been downgraded by a leading research group amid fears it could struggle to deal with a prolonged sell-off; almost £600m has flowed out of the fund since June.
The paper examines the belief that peer-to-peer is as safe as savings, warning that while P2P platforms tout attractive returns, the reality can be a wait of months to pay out – and paltry interest.
There’s also a hint where to stash your cash as regular savings rates fall.
The Sunday Telegraph tells how hackers “spent £700 via my late wife’s Amazon account” in a story about a reader approaching his 80s who has a reasonable grasp of internet activities but is now at his wits’ end.
They examine how price comparison websites make your car insurance 33% more expensive, and whether readers earn enough to be in Britain’s richest 1%, offering them a salary ranking.
There’s also a piece about grandparents shelling out £7k to help desperate first-time buyers on the ladder.
The Mail on Sunday tells us that what Labour’s manifesto says is bad enough; but what it doesn’t say is terrifying, and examines what the proposed £83bn spending spree means for readers.
There’s a guide to protecting your family – and savings – from Corbyn’s “war on the middle class”, alongside a warning that, according to economists, interest rates could be hiked if Boris Johnson wins a clear majority and gets his Brexit deal through Parliament.
An investigation into Liongate Partners reveals “a spider’s web of art, wine and bitcoins”, as its real name is LGP Client Services Limited, which makes clear it is not authorised by the FCA.
Thought for the week – Oscar Wilde defined a cynic as “A man who knows the price of everything and the value of nothing”.