Young people worst hit by debt crisis, plus London house prices dive

The Resolution Foundation has found that adult millennials are spending three times more of their income on housing than their grandparents. Photograph: Rui Vieira/PA

Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed.

Money news

Asking prices for London homes record biggest falls this decade

Public inquiry needed into UK’s £200bn debt crisis, say senior MPs

Driver’s legal victory is one in the ParkingEye for rogue private firms

Loan sharks are circling, says one of UK’s biggest doorstep lenders

Young people worst affected by debt crisis, say charities

Feature

Launch of iPhone X is a reminder of the perils of paying monthly for your mobile

Apple chief executive Tim Cook launches the iPhone X – the most expensive phone the firm has ever released. Photograph: Xinhua/Rex/Shutterstock

In pictures

Homes near national borders

It’s less than a mile as the crow flies to Switzerland from this one-bedroom flat under construction in the historic resort of Chatel, located between Lake Geneva and the Mont Blanc massif. Photograph: Skiingproperty.com

In the spotlight

From doctors to teachers, millennials to older women, more than half of us now work flexibly. But is it a lifestyle choice, or a way to deal with increasing stress? Gaby Hinsliff reports

Busy is becoming the new normal, with public sector redundancies and private sector cost-cutting leaving those still lucky enough to have jobs doubling up for those squeezed out. Photograph: Jay Brooks

Consumer champions

You thought eBay is unfair to sellers? It’s got nothing on Etsy

Hidden booking details left us with an unusable Virgin gift voucher

John Lewis helped itself to my money and I just can’t get it back

Watch out for Netflix email scam that looks like the real deal

Not such an Easylife when my digital hearing aid fails to charge

Special supplement this weekend

Don’t miss an exclusive money-saving guide, only in the Guardian this Saturday. Featuring cost-cutting tips on everything from shopping to household bills, holidays, technology and much more. Click here to get £1 off the weekend newspapers.

Money deals

If you need to send money overseas you could save with expert guidance, great exchange rates and free online transfers from the Guardian money transfer service.

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