Category: Money

Thinktank linked to Reform UK calls for abolition of state pension

‘Radical’ report likely to influence party’s platform also proposes abolishing inheritance and capital gains taxesA thinktank linked to Reform UK has called for the abolition of the state pension and £75bn worth of sweeping tax...

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‘Cost of housing’ crunch looms for low-income families, warns Resolution Foundation

Thinktank calls on chancellor to end housing allowance freeze with typical two-bedroom household facing £158 week shortfall amid rent risesMore than 1.1 million low-income families in rented homes face a “cost of housing” crunch...

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Rail passengers get automatic right to switch operators for free when trains are cancelled

‘Commonsense change’ looks to end current confusion and put ‘passengers first, not shareholders’ when services are disruptedRail passengers whose trains are cancelled will have the immediate right to travel on other operators’...

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UK government to offer clearer guidance on student loans after repayment row

Criticism of three-year threshold repayment freeze prompts update to guidance warning terms and conditions could changeUniversity students taking out student loans are to be warned that the terms and conditions could change so...

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UK chancellor urged to remove £100k childcare ‘cliff edge’ prompting parents to cut work hours

Critics say threshold pushes higher-paid staff to cut back on work and often mothers to stop working to avoid losing entitlementJohn Healey has been urged to fix the £100,000 childcare “cliff edge”, that means some higher-paid...

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No more UK energy bills support likely before price cap rise

Andy Burnham stops short of pledging further help as gas and electricity prices due to increase by 4% in OctoberHouseholds are unlikely to receive further energy bills support before the October price cap, though more targeted...

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Forecast energy price cap rise in Britain could push UK fuel bills up 4% this winter

Forecast quarterly rise highest in three years and likely to wipe out Burnham’s VAT cut on electricity billsHousehold energy bills across Great Britain are expected to climb to a three-year high this winter as the impact of the...

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