Thursday newspaper round-up: Top earners, UK holidays, care homes

The highest paid 1% of British earners received nearly 17% of all the country’s income ahead of the Covid-19 crisis, according to a study making allowance for the concentration of taxable capital gains among the better off. Analysis by Warwick University, the London School of Economics and the Resolution Foundation of previously confidential HMRC data showed that the top 1% had a growing and much bigger slice of income than previously thought. - Guardian

Holidays within the UK could return as early as the beginning of July, the culture secretary has announced, saying that the government had ambitious plans to revive the tourism sector. Speaking at the daily Downing Street briefing, Oliver Dowden said any return of domestic holidays would have to be done cautiously, as reopening the industry only to close it again would be more damaging. – Guardian

Up to 1,000 care homes are predicted to close as financial pressures heaped on the sector by coronavirus could soon make business unsustainable, experts have said. At least two homes have already shut their doors temporarily. The closures are expected to trigger a domino effect across the long-term care sector, which employs more people than the NHS and is estimated to be worth about £31bn. - Telegraph

The biggest shake-up of insolvency laws for two decades has been launched to prevent a slew of coronavirus bankruptcies. Landlords will be temporarily banned from making legal claims for rent owed by businesses hit by Covid-19 under legislation introduced in the House of Commons on Wednesday. – Telegraph

PWC is being sued by the founder of Matalan over “negligent” advice on how to avoid paying taxes when he moved to Monaco. John Hargreaves, 76, who set up the retailer in 1985, moved to the tax haven in 2000. He alleges that the accountancy firm was negligent when it advised him on his move, which he timed so that he could avoid paying capital gains and income taxes when he sold £237 million of shares in Matalan. – The Times