Economy

UK Inflation Falls to 2.3% in April Despite Fading Expectations of Lower Interest Rates

Economy

UK inflation fell to 2.3% in April, marking the lowest percentage for almost three years, but the fall was less than expected, dashing expectations of an interest rate cut much...

New State Pension Recipients Could Receive Up to £935 Monthly
- Economy
According to new estimates from the Office for National Statistics (ONS), UK inflation fell to its lowest level in nearly three years in April as energy prices fell further. Consumer...
Lydia Amazouz 22/05/24
Changes to Universal Credit: How the New Work Rules Will Affect Your Benefit Payments
- Economy
New rules have been introduced for Universal Credit claimants, one of the most popular benefits in the UK with over 6 Million claimants. Universal Credit can be claimed from the...
Arezki AMIRI 22/05/24
DWP Under Investigation by Equalities Watchdog Over Treatment of Disabled People on Benefits
- Social Welfare
- Economy
The Equality and Human Rights Commission (EHRC) is currently conducting an investigation on the Department for Work and Pensions (DWP) over suspicions of law-breaking in its treatment of disabled benefits...
Lydia Amazouz 22/05/24
DWP and HMRC Benefit Dates: Early Payment Announced for Bank Holiday Week
- Economy
People receiving state benefits may receive their payments earlier than usual due to next week's bank holiday. Department for Work and Pensions (DWP) said that all Jobcentre Plus offices and...
Arezki AMIRI 21/05/24
UK Grocery Price Inflation Hits Lowest Level Since 2021, But Consumers Stick to Cheap Brands
- Economy
Households are continuing to turn to cheaper products after two and a half years of steep price rises, despite the fact that UK grocery price inflation has slowed to its...
Arezki AMIRI 21/05/24
DWP Recipients Could Get 40 Hours of Free Driving Lessons
- Economy
People claiming benefits from the Department of Work and Pensions (DWP) could be eligible for up to 40 hours of free driving lessons. Learning to drive can be costly, with...
Lydia Amazouz 21/05/24
Nationwide’s Fairer Share Bonus: Who Qualifies for a £100 Cash this Year?
- Economy
Nationwide is expected to announce details of a new 'Fairer Share' bonus to its members this week, as reported by This is Money last week. Last year, Britain's largest building...
Arezki AMIRI 20/05/24
UK Households to Receive £80 Cost of Living Payments in Coming Weeks
- Economy
Poverty-striken households in the UK are set to receive a lifeline in the form of £80 cost of living payments starting next month, as part of the Government's Household Support...
Lydia Amazouz 20/05/24
UK Govt Urges Welsh Pensioners to Claim £900 Extra Pounds a Year
- Economy
The Department for Work and Pensions (DWP) and the UK Government are urging Welsh pensioners to check their eligibility for a potential increase of £900 a year as part of...
Arezki AMIRI 19/05/24
British Gas to Cut Energy Bills by £450 for Qualifying Households
- Economy
- Energy
British Gas is introducing what it claims is the UK's most competitive heat pump tariff to encourage the mainstream adoption of this low-carbon technology across the country. The move reflects...
Arezki AMIRI 19/05/24
Martin Lewis Reveals the Best Scheme to Increase Your State Pension if You are 40 to 73 of Age
- Retirement
- Economy
There is one simple but profoundly impactful step in personal finance that many people ignore. Called by Martin Lewis "the most lucrative thing" for over-40s and under-73s, this financial strategy...
Arezki AMIRI 19/05/24
UK Workers Set for £450 Boost as Government Plans Further Tax Cuts
- Economy
The UK government has announced plans to give workers an extra £450 as the autumn approaches, in a bid to address what it sees as an unfair burden on people's...
Arezki AMIRI 18/05/24
State Pension: Full List of Older People Eligible for Back Payments Before Year’s End Revealed
- Retirement
- Economy
The Department for Work and Pensions (DWP) has issued an update on the status of the State Pension Underpayments Legal Entitlements and Administrative Practice (LEAP) initiative. State Pension Underpayment Update:...
Lydia Amazouz 18/05/24
Thousands of UK Households to Receive £400 Free Cash for Water Bills Payments
- Economy
If you're facing challenges with covering your water bills, know that your water provider offers assistance programs designed to help. These include options like social tariffs and subsidies aimed at...
Lydia Amazouz 17/05/24
The UK Economy Could Gain £550 Billion from AI, Says Microsoft
- Economy
A recent analysis commissioned by Microsoft predicts that if the UK embraces cloud computing and artificial intelligence (AI), the country's GDP could increase by £550 billion by 2035. The study,...
Arezki AMIRI 17/05/24
UK Households to Save £116 on Energy Bills this Summer
- Economy
- Energy
Summer is just around the corner and there's good news on the horizon for British households. According to leading industry analysts at Cornwall Insights, a further fall in the price...
Arezki AMIRI 17/05/24
WASPI Women Set to Receive State Pension Age Compensation Proposal Before July Ends
- Economy
Sir Stephen Timms, chairman of the Work and Pensions Committee, has written to Work and Pensions Secretary Mel Stride in response to an oral evidence session that took place last...
Lydia Amazouz 17/05/24
DWP Benefits: Full List of Early Payment Changes Coming Next Week
- Economy
The Department for Work and Pensions (DWP) announced changes to May's benefit payment date due to the upcoming bank holiday. Millions of beneficiaries throughout the UK will receive their scheduled...
Arezki AMIRI 16/05/24
UK Fuel Price Crisis Escalates as Retailers Increase Margins, Prompting Calls for Action
- Economy
Supermarkets and other gas dealers have been charged with inflating their profit margins and pushing up UK fuel price to new highs. UK Fuel Price Crisis: RAC Calls for Government...
Lydia Amazouz 16/05/24
£549 Weekly State Pension Called for Citizens Over 60
- Retirement
- Economy
An online petition with over 59,500 signatures has been started to demand a weekly State Pension payout of around £550 to bring it into compliance with the National Living Wage....
Lydia Amazouz 16/05/24
Universal Credit Claimants with Chronic Health Conditions Can Get Up to £737 Monthly payment
- Social Welfare
- Economy
The most recent statistics provided by the Department for Work and Pensions (DWP) reveal that a staggering number of individuals, exceeding 6.7 million, are currently benefiting from financial assistance through...
Arezki AMIRI 16/05/24
UK Taxpayers Have Spent 800 Years on Hold to HMRC, Claims Spending Watchdog
- Economy
A report by the UK's spending watchdog, the National Audit Office, has revealed that taxpayers have spent the equivalent of 800 years on hold with HM Revenue and Customs (HMRC)...
Arezki AMIRI 15/05/24
New Support Scheme Can Help Households Save Over £3,500 a Year – Find out if You Qualify
- Economy
Starting today, families will be able to claim free childcare for children as young as nine months via a new aid support scheme, saving an average of almost £3,500 a...
Arezki AMIRI 15/05/24
UK Struggling Households Can Claim Up to £300 in Cost-of-Living Payments
- Economy
As the cost of living rises in Britain, the government's Household Support Fund has become a lifeline for thousands of struggling households. This initiative channels financial resources to local councils,...
Arezki AMIRI 15/05/24
People Over State Pension Age to Receive Proposed Winter Heating Payments Up to £300
- Economy
The Scottish Government is planning to replace Winter Fuel Payments with a newly distributed lump sum to be expected later this year. Scottish Government Proposes State Pension Age Winter Heating...
Lydia Amazouz 15/05/24
DWP to Extend Job Search Support Amid 900,000 UK Vacancies
- Social Welfare
- Economy
- Employment
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...
Lydia Amazouz 15/05/24
UK Wages Remain at High Levels Despite Labour Market Slowdown
- Social Welfare
- Economy
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...
Arezki AMIRI 14/05/24
DWP to Arrest, Search and Seize in New Benefits Fraud Crackdown
- Social Welfare
- Economy
To strengthen its campaign against benefit fraud, the UK government announced on Monday 13 May ambitious changes, promising to extend the investigative powers of the Department for Work and Pensions...
Arezki AMIRI 14/05/24
Millions on Universal Credit to See Pay Increase Starting Today
- Economy
Starting today, a significant boost awaits millions of households enrolled in Universal Credit, promising increased financial support each month. Universal Credit Payment Increase: What You Need to Know On 9...
Lydia Amazouz 14/05/24
Thousands of UK Households in Need to Receive £240 Cash Support
- Economy
The Cornwall council has received an additional £4.5 million as part of the government's free initiative to support struggling UK households. Each council receives a varied amount of funds based...
Lydia Amazouz 14/05/24
State Pension: New Calls for Weekly £221 Payments for People Over Retirement Age
- Retirement
- Economy
An emerging online petition advocates for equitable treatment, urging all individuals over retirement age to receive the updated State Pension weekly rate of £221.20, highlighting the disparity faced by those...
Lydia Amazouz 13/05/24
UK Universities Report Decline in International Student Enrollment Amid Visa Concerns
- Economy
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...
Lydia Amazouz 13/05/24
Universal Credit Changes from DWP: Higher Income and Increased Benefits Coming Next Week
- Social Welfare
- Economy
The Department for Work and Pensions (DWP) has recently announced two major changes are to be made to Universal Credit, which could have an impact on the financial situation of...
Arezki AMIRI 12/05/24
Rising Green Taxes Threaten to Slowly Bankrupt the UK
- Economy
With a 4.9 percent rise from the year prior, the UK's green taxes revenue in 2023 was £52.5 billion, nearly returning to the pre-pandemic state. The rate of corporation tax...
Arezki AMIRI 11/05/24
Elderly People at State Pension Age Earning Less Than £101 Weekly May Receive Extra Payment
- Retirement
- Economy
According to the latest Department for Work and Pensions (DWP) statistics, the State Pension is currently offering a regular financial income to approximately 12.7 million older individuals across the country,...
Lydia Amazouz 11/05/24
DWP Warns 424,000 PIP Recipients of Impending Payment Cuts
- Social Welfare
- Economy
Under substantial government changes, the Department for Work and Pensions (DWP) is implementing a massive overhaul of the welfare system, warning nearly half a million people receiving Personal Independence Payments...
Lydia Amazouz 11/05/24
UK Emerges From Recession With Strongest Growth in Two Years
- Economy
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...
Lydia Amazouz 10/05/24
British Gas Gives £600 Refund for Energy Bill Arrears Owed by Customers
- Economy
UK energy company British Gas has announced an "innovative" new scheme under which it will match payments made by customers to clear energy bill arrears. This scheme aims to help...
Arezki AMIRI 10/05/24
WASPI Women Brace for Extended Compensation Scheme Review by UK Government
- Retirement
- Economy
Prime Minister Rishi Sunak has informed MPs that he “understands the strong feelings” in Parliament over the lack of response to the recently published final report by the Parliamentary and...
Lydia Amazouz 10/05/24
Banks Increase Mortgage Rates and Slash Savings Offers Despite BoE Rate Freeze
- Economy
Banks are increasing mortgage rates at the same time as reducing savings offers, regardless of the central bank's interest rate freeze, which has persisted for several months. Many lenders have...
Arezki AMIRI 09/05/24
Thousands of Households Eligible for a £7,500 Grant on Heat Pump Scheme
- Economy
Thanks to substantial government grants, thousands of households in Somerset are now eligible to install heat pumps. Offered by the Department for Energy Security and Net Zero as part of...
Arezki AMIRI 09/05/24
UK Interest Rates Anticipated to Remain at 16-Year High
- Economy
The Bank of England is likely to hold interest rates at 5.25% for the sixth time in a row on Thursday. The move comes as inflation, which tracks price increases...
Lydia Amazouz 09/05/24
Universal Credit Claimants to Get Higher Payments of Up to £1,739 Starting Next Week, Confirms DWP
- Economy
Millions of Britons will be getting higher payments beginning next week. The Department for Work and Pensions (DWP) has confirmed that the changes will apply to potentially millions of people...
Arezki AMIRI 08/05/24
Investors Hedge Against British Sterling Amid Concerns of a Premature BoE Rate Cut
- Economy
As investors grow increasingly confident that the Bank of England will start cutting rates by the summer, overtaking the US equivalent, they have increased their bets against sterling. According to...
Arezki AMIRI 08/05/24
UK Households Eligible for ‘One-Off’ £100 Cash Payment in Cost of Living Relief
- Economy
Many UK households will get a £100 Cost of Living allowance this summer. Nottinghamshire County Council stated in April that it would provide one-time free cash handouts of £100 to...
Lydia Amazouz 08/05/24
Major UK Bank to Cut Hundreds of Jobs and Closing 36 Branches
- Economy
British Retail Bank TSB is to cut 250 jobs and close 36 branches. The job cuts will affect the bank's fraud operations, central operations and staff in branches scheduled for...
Arezki AMIRI 08/05/24
Scottish Govt and DWP to Pay One-off Grant Worth Up to £367 for Pensioners This Year
- Social Welfare
- Economy
Many elderly Scottish households can anticipate receiving a series of one-off payments, totalling up to £367 per home, as winter approaches. Offered by the Scottish Government and the Department for...
Arezki AMIRI 07/05/24
PIP Claimants May Face Demands to ‘Prove’ Purchases in New DWP Reforms
- Economy
PIP claimants may have to provide a 'proof letter' under new reforms issued by the Department of Work and Pensions. PIP Claimants Required to Provide Evidence for Purchases Under New...
Lydia Amazouz 07/05/24
New DWP Scheme to Aid 59,000 Long-term Sick and Disabled Individuals Rejoin the Workforce Due to Begin in October
- Social Welfare
- Economy
The Department of Work and Pensions (DWP) has announced a new scheme concerning a ‘joined-up work and health support service’ to assist nearly 59,000 persons suffering from long-term illnesses or...
Lydia Amazouz 07/05/24