79 results for "Rachel Reeves"

Chancellor Rachel Reeves’s Budget has raised concerns about a potential recession as the UK economy grapples with stagnant growth and significant tax increases. With measures such as £40 billion in…

Homeowners will face higher mortgage costs as inflation rises and tax policies tighten the economic noose. Experts warn that borrowing rates could rise further, leaving families and businesses to navigate…

Chancellor Rachel Reeves plans to raise £20bn through employer National Insurance hikes, marking Labour's first major tax reform since taking office.

Chancellor Rachel Reeves faces criticism for claiming £1,225 in expenses for tax return help, reigniting debate over MPs' taxpayer-funded privileges.

The UK economy grew by 0.2% in August; however, concerns remain as the budget approaches on October 30.

Labour's budget plans may significantly impact retirees, from cuts to winter fuel payments to potential pension reforms including means-testing, inheritance tax changes, and stricter pension access rules.

Rachel Reeves is due to present Labour's first budget for 15 years on 30 October, which aims to close a £22 billion deficit in public spending.

The DWP is informing people about available support to cope with rising living costs as many families face higher bills for essentials like heating, food, and mortgages.

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...

Following Chancellor Rachel Reeves‘ speech announcing plans for massive 'Megafunds' to stimulate growth in the UK, questions are being asked: could this ambitious pension reform jeopardise retirement savings?

The Department for Work and Pensions is implementing significant changes to Universal Credit payment rates from April 2025, as announced by Rachel Reeves, Chancellor of the Exchequer, at Labour's budget…

Rachel Reeves' proposed freeze on the tax threshold could cost families more than £16,500, with analysis revealing hidden financial burdens.

Pressure mounts on Chancellor Rachel Reeves to adjust State Pension, but experts warn of long-term economic risks and the potential depletion of pension funds.

UK savers are increasingly turning to offshore bonds as they prepare for significant tax reforms that could dramatically raise capital gains tax (CGT) rates. These bonds, which offer tax deferral…

Retail sales in Great Britain fell by 0.7% in October, marking the first decline in three months as consumers pulled back on spending amid pre-budget uncertainty. Data from the Office…

The UK Budget's tax hikes, particularly the rise in employer national insurance contributions, are set to hit consumer confidence and wage growth in 2025, warn analysts. Reports from Goldman Sachs…

UK retailers, including Tesco and Amazon, warn of “inevitable” job losses and price hikes due to Labour's planned National Insurance Contributions (NICs) increase.

Many Brits are wondering when winter heating payments will be made this year, after eligibility requirements were tightened. The Department for Work and Pensions ensures a familiar procedure, but the…

The UK economy has hit a rough patch as growth slows to unexpected levels, raising concerns about its resilience in a challenging global environment. With some sectors stagnating and others…

The UK government is set to launch 'pension megafunds' to drive economic growth and support local infrastructure investment. This reform will consolidate pension assets into larger funds, expected to generate…

State Pensions are set to rise by 4.1% in April 2025, thanks to the Triple Lock. Full New State Pension recipients will see weekly payments increase, with annual boosts of…

Savers could face a "triple tax" on their pensions due to ongoing government changes, raising concerns among retirees and financial experts. The removal of the lifetime allowance limit in April…

Households are advised to consider their pension plans in detail before the 2027 Inheritance Tax adjustments come into force.

The Department for Work and Pensions (DWP) intends to abolish the earnings-related Employment and Support Allowance (ESA) two years ahead of schedule, with the announcement of a major policy change.

The Chancellor's announcement is expected in Wednesday's Budget, based on recommendations from the Low Pay Commission.

Major financial changes to DWP benefits are on the horizon for November, including new eligibility criteria and a potential £200 boost for families.

The UK's healthcare system is under threat of massive shake-up, with doctors and nurses predicting an exodus due to potential changes to pension benefits proposed in the forthcoming Budget.

The UK government has armed the DWP with new powers to directly deduct funds from bank accounts in a move to tackle growing benefit fraud concerns.

Winter Fuel Payments, once available to all pensioners, now limited to those on benefits. Find out if you still qualify.

British households could face cuts in their pension contributions while increases in national insurance are being considered, which is causing great concern among analysts.

There has been a notable rise in tax-free withdrawals from pension pots, prompting investment firms to call for stability and clarity in pension tax policies.

Disability benefits will increase next April, with PIP, ADP, and DLA going up by 1.7%. More details will be confirmed on October 30.

UK employers are concerned that higher national insurance could make it harder to hire and raise wages, affecting pubs and restaurants.

This week, millions of pensioners await crucial CPI figures to determine their State Pension increases for 2025/26, which may significantly impact their finances.

People have been informed that they may have to repay £300 if they fail to meet one of three requirements. This comes after changes were made to the winter fuel…

Sir Keir Starmer said the Budget will focus on making life better for people, fixing the NHS, and "rebuilding Britain," with plans to invest in schools, housing, and transport.

State pensioners will soon get letters from the DWP confirming their eligibility for the Winter Fuel Payment.

Pensioners face uncertainty as the government considers cutting the tax-free withdrawal limit from £268,750 to £100,000.

Millions of UK workers could be £450 worse off if Labour raises National Insurance in the upcoming Budget, reversing a previous tax cut.

State pensioners are being warned by HMRC that they could be hit with a £665 tax bill, which includes those who have lost Winter Fuel Payments.  

A new type of pension scheme could help millions boost their retirement savings. The Government is looking to expand Collective Defined Contribution pensions (CDC).

Company managers stressed the importance of short-term work visas for London's economy and the need to speed up visa procedures to support growth.

A potential £16 billion tax increase on pension contributions could significantly reduce pension savings. Sir Steve Webb suggested this could occur if employers are required to pay National Insurance on…

UK motorists are being warned about the upcoming driving law changes taking place this October. Key updates include parking, medical licences, budget changes, and more.

A recent legal challenge could see the Winter Fuel Payment reinstated for millions of pensioners after changes cut eligibility for many.

UK households will experience a set of changes in October 2024, which will impact various financial rules and support payments.

Drivers are set to benefit as Saudi Arabia plans to increase oil production, causing Brent Crude prices to drop. This move has already led to lower fuel prices at the…

Pension credit applications have more than doubled since Labour’s controversial move to cut winter fuel payments for pensioners. Recent government data reveals that the surge could cost the Treasury an…

Experts warn that reducing tax-free pension cash could force retirees into debt, downsizing, or delayed retirement. With the October 30 budget looming, many have already made hasty financial decisions amid…

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