28 results for "Chancellor Rachel Reeves"

Immediate financial cuts worth billions of pounds will be announced by Rachel Reeves, the Chancellor, as part of her plan to resolve a £20bn shortage in the national accounts. The...

New rules cut Winter Fuel Payments for many pensioners, with Pension Credit promoted as a replacement, but some will still miss out.

Many State Pensioners are still suffering from the new Labour Government's unexpected change that will see Winter Fuel Payments  be delivered to only about 1.5 million pensioners this year to help plug a...

Under the triple lock, the full new state pension should increase by over £500 to £12,020 per year starting  April 2025. However, this amount is still far below  what is required...

A driving expert has warned that the new Labour government's intention to eliminate fuel duty could have a significant impact on drivers, potentially costing an additional £122 per year. Drivers...

Money-saving expert Martin Lewis has appealed to pensioners before the changes come into force. In the most recent weekly email fork, Lewis alerted the pensioners to check about the Winter...

A report claims that the new full state pension will increase by over £400 per year. According to the BBC, Treasury calculations show that the pension might be increased as...

State pensioners who do not receive Pension Credit may still qualify for support through an extended scheme from Octopus Energy. This follows the UK Government’s decision to stop the annual...

The DWP and HMRC are urging millions of households to act quickly or risk losing thousands of pounds in benefits. Millions of Households at Risk of Losing Up to £8,400...

This winter has witnessed the UK government announce significant changes to the Winter Fuel Payment, and thus thousands of pensioners are being called upon to assess if they qualify for...

Benefit claimants have been warned that significant changes are likely to take place starting in October. On October 30, Labour Chancellor Rachel Reeves is expected to announce her first Budget, which...

Financial expert Martin Lewis is advising state pensioners to see if they qualify for an extra £988 per year from the Government. State Pensioners Can Boost Income with Pension Credit...

Recently released figures show that the expected £655 pay rise in April 2025 is unlikely to happen. Instead, people can now expect £11.50 less per month than originally anticipated. Under...

Labour’s changes to Winter Fuel Payments are being challenged by over 260,000 people. Initially, the scheme was available for almost every British citizen born before 25 September 1957, and it...

Thousands of pensioners who lost access to the Winter Fuel Payment due to a previous overhaul may now be eligible to receive it again. Winter Fuel Payment Eligibility May Impact...

Over 221,000 individuals from across the UK have signed an online petition initiated by Age UK, calling on Chancellor Rachel Reeves to overturn the decision that requires means testing for...

In a few days, this petition has quickly accumulated over 130,000 signatures in order to save the Winter Fuel Payment (WFP). This week, the WFP was altered by the Labour...

Since 1997, British elderly citizens have been given heat allowances that are not taxed. This Winter Fuel Payment was initiated years ago by the Labour Government and used to give...

Labour leader Sir Keir Starmer is preparing to offer significant pay rises to teachers and nurses, although this would require higher taxes or further borrowing. Starmer Faces Fiscal Challenges with...

The recent borrowing figures of the UK government have been a surprise to many. The nation's finances seem to be under more strain than anticipated, with a reported borrowing of...

Rishi Sunak's vow to foster economic growth hits a dissonant note as the UK unexpectedly plunges into recession. Shadow chancellor Rachel Reeves asserts that Sunak's commitment lies in tatters, painting...

Sir Keir Starmer and shadow chancellor Rachel Reeves are facing internal criticism within the Labour Party due to their growing reservations about the party's key environmental policy during an election...

Millions of state pensioners are set to experience major benefit cuts as the government wants to achieve £1.5 billion in budget savings. State Pensioners Face Up to £600 Loss in...

Millions of UK households could face a council tax increase after July. The Labour Party's Wes Streeting has refused to rule out a council tax increase if it wins the...

The Labour Party has reversed its decision to bring back the Lifetime Allowance on pensions, a measure originally estimated to generate £800 million in tax revenue. This reversal led to...

UK inflation dropped to 3.4% in February, the lowest rate for two and a half years, as the annual pace of price hikes started to slow after surging in January....

As Chancellor Jeremy Hunt readies for another round of tax reductions in next week’s budget, economists caution that Britain's extended public services will bear the burden of post-election spending cuts....

The resolution to Britain's growing public debt crisis demands a comprehensive fiscal overhaul. Despite this urgency, both the current Tory government and the anticipated Labour successor exhibit a notable reluctance...