247 results for "UK inflation"

The Department of Work and Pensions (DWP) has increased payments for Personal Independence Payment (PIP) this month, bringing the maximum monthly benefit for about three million recipients to £800. DWP...

The Conservative Party, led by Prime Minister Rishi Sunak, recently announced its intention to maintain the cap on the two-child benefit on Universal Credit should it win the next election....

The staggering sum of £23 billion encompasses a range of crucial benefits, including over £8 billion in Universal Credit, £3.4 billion in Council Tax Support, and more. According to a...

When payday is due, millions of Universal Credit recipients will be pleasantly surprised to see an extra £470 in their pockets. This windfall follows closely on the heels of April's...

This May, expect several changes to the timing of receiving Universal Credit and other benefit payments, particularly due to two upcoming bank holidays. Stay informed on how these adjustments will...

In accordance with the government's commitment to the Triple Guarantee, April's increase in the state pension should provide people aged 65 and over with a boost to their income. New...

The UK government, through the Department for Work and Pensions (DWP), is unveiling a strategic financial boost for working parents receiving Universal Credit in the face of escalating childcare costs....

April 6 represented an important turning point for 29 million British citizens, as a record reduction in National Insurance Tax Cut came into effect. This transformational event is the result...

The Department for Work and Pensions (DWP) is extending its help even further this year. With its new £812 loan scheme, the DWP is taking a generous step towards ensuring...

The Department for Work and Pensions (DWP) has announced uplifting news for benefit claimants amid escalating financial burdens. From 1st April, those receiving both Universal Credit and the State Pension...

The UK's Department for Work and Pensions (DWP) recently completed a major review of the Personal Independence Payments (PIP) system, which offers financial support to people with health conditions or...

The Department for Work and Pensions has boosted its household support fund to provide an additional £500 million in the wake of the Budget. Department for Work and Pensions Extends...

U.S. President Joe Biden signed a $1.2 trillion spending package on Saturday, keeping the government covered for a fiscal year that started six months ago. President Joe Biden Approves Trillion-Dollar...

The Bank of England will soon cut interest rates to 3% in a move to support mortgage borrowers as inflation declines sharply, according to senior economists from KPMG. The Bank...

Middle and high-income households in the UK are heading towards the worst ever era of declining living standards since the 1960s, the Institute of Fiscal Studies has warned. Middle and...

In an ongoing salary dispute, junior doctors in England have overwhelmingly opted to carry out six months of further strike action. Junior Doctors Overwhelmingly Support Extended Strike Action The Health...

The Bank of England has been called to intensify efforts to bring the finance industry into line with the UK's climate targets. Prominent Economists and Advocacy Organizations Urge Bank of...

House asking prices have surged by more than £5000 in March as the mortgage market recovery uplifts sellers' confidence in property values. House Asking Prices Surge, but Buyers are Still...

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...

High earning parents are the biggest beneficiaries of the latest budget adjustments, as the chancellor announced a major restructure of a tax penalty that is set to have an impact...

In Thursday's London session, the pound sterling (GBP) shows resilience versus the US dollar as traders anticipate that the Bank of England (BoE) would follow the Federal Reserve (Fed) in...

Manchester airport flights are set to experience a price rise, following the Chancellor's budget announcement of a surge in air traveller duty to assist fund larger reductions to National Insurance....

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...

British pensioners with income tax may be concerned to learn that they stand to lose £1,000 in Chancellor of the Exchequer Jeremy Hunt's new Budget. His proposal to freeze the...

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...

Jeremy Hunt's recent Budget 2024 announcement includes a strategic manoeuvre: a 2p reduction in national insurance rates. This decision aims to boost both his declining approval ratings and revitalize the...

UK Chancellor Jeremy Hunt's Budget 2024 announcement may have left you wondering about the impact on your finances. Substantial changes are on the horizon, with key measures on tax, benefits,...

The value of gold has surged to a new record high as investors seek refuge in safer assets amidst looming worldwide economic instabilities and geopolitical tensions. Record-Breaking Surge in LBMA...

As anticipation grows among Conservative Members of Parliament, Chancellor Jeremy Hunt is expected to unveil a substantial £5 billion pre-election tax break for motorists in the forthcoming Budget. Speculation is...

Amidst the spectre of a potential strike, workers on the London Overground have successfully negotiated a three-year pay deal. The agreement includes significant pay hikes, particularly benefiting the lowest-paid employees,...

Recent research highlights a surge in rents in commuter towns, driven by the increasing unaffordability of urban areas. As cities grapple with a growing affordability crisis, tenants are turning to...

Commuters in England and Wales brace themselves for a notable change in their daily expenses, with rail fares set to increase by 4.9% starting this Sunday. This rise in train...

With Easter fast approaching, many people are looking forward to a time of joy and celebration. However, according to industry analysts, chocolate lovers can expect more expensive Easter eggs this...

The Institute for Fiscal Studies (IFS) has warned that Chancellor Rishi Sunak's recent fiscal measures targeting workers and businesses are projected to result in an additional £100 billion in taxes...

UK businesses are grappling with increased shipping expenses and delays of up to four weeks, attributed to Red Sea attacks, according to a statement from a prominent business group. The...

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....

In a digital age where cryptocurrencies continue to stir debate, the reception to a recent European Central Bank (ECB) blog post critiquing Bitcoin has been notably contentious. As of today,...

Economists are pointing to a potential emergence of Britain's economy from recession, propelled by a significant surge in real wages. This wage surge is considered a pivotal factor in bolstering...

In the face of a looming national recession, Chancellor Rishi Sunak remains resolute in his assertion that the government can afford to implement tax cuts. Despite concerns about economic downturn,...

The situation facing Bank of England rate setters became more complex today as official data revealed that wages had increased more than expected by the end of 2023. This unexpected...

In an effort to counter a substantial poll deficit against the Labour Party and address criticism from within his own party, Chancellor Rishi Sunak has endeavoured to present a more...

The Chancellor's recent decision to abolish the pensions "lifetime allowance" marks a landmark day for British pensions. The move holds the potential to reshape the landscape of retirement savings, promising...

As of today, households are set to receive the third instalment of the £299 cost of living payments, marking the completion of the three-part support package initiated in autumn 2021....

Jeremy Hunt, has indicated that there will be limited space for tax cuts in the upcoming spring budget next month. This announcement comes shortly after the IMF cautioned the UK...

In 2024, UK household incomes are expected to improve significantly, marking a potential "turning point" for the nation's stable economy. This positive outlook is driven by anticipated interest rate cuts,...

Since the onset of the 2020 global health crisis, the wealth of the richest individuals has reportedly doubled, creating a stark contrast to the widespread impoverishment and hunger faced by...

The U.S. Dollar rose while investors toned down their expectations for a rate cut by the Federal Reserve in March, driven by persistent inflationary pressures affecting the yen and pound....