Category: Family finances

Labour urged to end two-child benefits cap as research reveals policy pushing families into poverty

New data shows families with disabled children, and single parents with offspring under the age of three facing financial hardshipKeir Starmer is facing new calls to end the controversial two-child limit on benefits if Labour...

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UK tips into recession in huge blow to Rishi Sunak

GDP fell 0.3% in three months to December after collapse in retail sales in run-up to ChristmasBusiness live – latest updatesThe UK economy fell into recession at the end of last year as hard-pressed households cut back on...

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UK pay growth slows less than expected as workers bid up wages

December figures pose dilemma for Bank of England, dampening hopes of early interest rate cutBusiness live – latest updatesPay growth slowed less than expected in December as workers continued to bid up their wages amid...

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Autumn statement: Jeremy Hunt looks to cut UK taxes and ‘turbo-charge growth’

Amid less gloomy OBR forecasts the chancellor is expected to take first steps towards cutting personal taxesJeremy Hunt will announce 110 measures to boost Britain’s stagnant economy and bow to demands from anxious Tory...

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New £1bn government upgrade to plug Great Britain’s draughtiest homes

Households could save £400 a year on energy bills via means-tested insulation schemeHouseholds could save up to £400 a year on energy bills under a new means-tested scheme to insulate more than 300,000 of Great...

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UK workers will be worse off in 2024 than in 2019, thinktank warns

Resolution Foundation predicts average Britons will be 4% poorer but better-off pensioners will be ‘big winners’UK workers’ living standards will flatline next year, leaving them on track to be 4% worse off...

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Exploitation and low pay causing poverty among care workers, TUC finds

TUC says urgent investment needed in ‘Cinderella sectors’ to head off demographic timebomb‘Invisible, endless, relentless’: the reality of care work in EnglandChronic under-investment, exploitation and...

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