Over the three months to March, wage growth in the UK remained strong despite the slowdown in the labour market. Members of the Bank of England's Monetary Policy Committee had...
The start of the new tax year has brought a financial boost to millions of UK workers. National insurance schemes have been in place since 6 April 2024, and British...
Despite initial expectations of a slowdown, recent data indicates that pay growth in the UK has defied projections, continuing its upward trend. This persistence is noteworthy, particularly amidst challenges such...
The U.S. has undergone one depression in the last century—from the stock market crash of 1929 to 1939. Conditions since then have dramatically improved. However, the emergence of the "Silent...
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...
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...
The UK Labour Government will shortly be announcing a complete restructure of the UK’s minimum wage system, in what amounts to a momentous shift in policy. According to the new...
The Department for Work and Pensions (DWP) has admitted to a significant weakness in relation to pension contributions for Universal Credit claimants, with this recent revelation shaking many thousands of...
Liz Kendall, the new head of the Department for Work and Pensions, has launched a decisive initiative aimed at addressing unemployment. Labour Cabinet Member Criticizes Conservative Approach to Universal Credit...
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...
A warning has been issued to State Pension-age individuals as the income gap between the poorest pensioners and those on average incomes widens. According to the Institute for Fiscal Studies...
The research shows that by 2026 million pensioners could suffer from so-called “retirement tax” on their state pension. Labour will hold the current tax threshold at £12,570 up to 2027-28....
In a few days, THOUSANDS of households living with limited financial resources in the UK can take advantage of the £200 cost of living support payment. Government's Household Support Fund...
Millions of employees are set to receive an important increase in their wages under the Labour government. The party has rolled out plans to revamp the minimum wage, providing a major...
Sir Keir Starmer led Labour Party has swept to victory, had a clear majority to form the next government. Starmer speaking on the ability in the just accomplished electoral stated...
People on the New State Pension will get up to £221.20 each week during the current fiscal year, however, standard payments are usually made every four weeks — around £884.80...
Married couples might be missing out on the marriage tax allowance due to difficulties in applying for it or simply being unaware they are eligible. It is estimated that two...
According to the Department for Work and Pensions (DWP) the number of people who have applied for out-of-work sickness benefits has reached unprecedented highs in the first four months of...
New figures reveal that claims made to the Department for Work and Pensions (DWP) have seen a noticeable rise. The significant demand for the disability benefit arises as new reforms...
The Resolution Foundation, a leading think-tank, has warned that record immigration has not made Britons richer, and has instead masked a major productivity crisis. Britain's Record Immigration Levels and Economic...
A leading think tank is warning that ‘hidden in plain sight’ tax rises could cost British households £800 a year, regardless of who wins the election. Frozen Tax Thresholds Push...
Thousands of Universal Credit claimants are starting to see a £470 rise in their accounts. Some will begin to receive the extra pay today, with four more critical dates remaining...
The latest figures from mortgage lender Halifax show that during the crucial spring sales period, UK house prices remained unchanged in May, supported by rising wages and a rise in...
Under a new Tory Party plan, state pensioners will notice an extra £100 in their bank accounts, and that's "just the start." State Pensioners Set to Receive £100 Boost Under...
On Monday, UK Prime Minister Rishi Sunak announced a tax cut plan for millions of pensioners, thereby raising the importance of the elderly electorate in the forthcoming elections in July....
The government is presently attempting to recover almost £251 million from 138,000 carers. This information was revealed in a written parliamentary response and comes as ministers are being pushed to...
Thousands of people relying on Universal Credit will see a significant boost to their payments from today, Friday 24 May. With this increase, new rates are being introduced for the...
The Department for Work and Pensions (DWP) has vowed to offer people additional time and assistance in order for them to find a job. The pledge comes as new Universal...
UK universities have recently reported a significant decline in foreign students' numbers, amid warnings that further student visa restrictions would restrain a vital flux of talent for the nation's creative...
The UK emerged from recession at the beginning of the year thanks to stronger-than-expected growth. According to official statistics, the GDP expanded by 0.6% between January and March—the quickest pace...
Borrowers expecting costs to come down will have to wait longer, as Bank of England governors are poised to wait for more compelling indications that the cost-of-living crisis has eased....
The Department for Work and Pensions (DWP) is considering a complete reform of the Personal Independence Payment (PIP). It says it is investigating measures such as “stopping regular cash payments” of...
British workers are set to benefit from a major financial break from HM Revenue and Customs (HMRC). As part of the Government's Spring Budget, HMRC is set to launch a...
According to the Trades Union Congress, many average UK workers have seen £200 vanish from their bank accounts. Average UK Workers Experience Real Wage Decline, Criticisms of Conservative Policies Arise...
The UK Government's recent decision to freeze income thresholds could result in unexpected tax liabilities for around 127,680 married couples in the 2024-25 tax year. This is due to the...
Heathrow Airport, one of the world's busiest air hubs, is set for major disruption as almost 800 workers plan to strike between 7 and 13 May. The strike is in...
The cost of living crisis that has plagued millions of households since the end of 2021 appears to be easing, as data shows that UK grocery price inflation fell to...
UK train operators are headed for turmoil as a long-running pay dispute has turned into a series of strikes. This latest development, announced by the ASLEF union, sees train drivers...
The governor of the Bank of England has indicated that the UK is still on track for an interest rate cut, as official numbers show a further slowing in the...
According to data released on Tuesday, the UK job market lost a little more of its inflationary heat, which gave the Bank of England some respite. However, persistent underlying issues...
Britain's rental market has seen a rise in the cost of new tenancies in recent years, a trend that is set to continue, according to the Resolution Foundation. The think...
Nearly half a million teachers in England and Wales could see a significant boost to their retirement income as a result of a little-known loophole. Often overlooked, this financial trick...
The National Insurance cut which has been a lifeline for many is expected to come into effect this week, promising more disposable income for millions of hard-working people in the...
Despite the UK government's recent implementation of the largest cash boost to the minimum wage in over a decade, a sobering reality persists as millions of UK workers across the...
Millions of UK workers could see a boost in their bank accounts starting April 7, as the UK's lowest-paid workers receive a salary increase, resulting in an additional £160 for...
New data reveals that wage growth fell slightly short of expectations, pointing to a growing impact of the Bank of England's interest rate increase on the broader economy. UK Wage...
Rishi Sunak cautioned against campaigning on an unfunded proposal to eliminate employee national insurance, as it could create a £40 billion deficit in public finances, according to projections. Sunak Faces...
In evaluating Jeremy Hunt's budget, the Resolution Foundation Thinktank reveals a historic downturn in household incomes throughout a parliamentary term, despite the Chancellor's insurance cuts. Thinktank Warns of Falling Household...
Last month, the UK construction industry showed glimpses of stability, offering a glimmer of hope after enduring more than two years of turbulence, according to a recent survey. Despite this...