66 results for "Reeves"

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...

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…

Drivers are faced with a heavy financial burden as the government prepares to unfreeze fuel taxes, which could cost some of them hundreds of pounds more a year.

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.

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

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.

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.

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.

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...