As the holiday season nears its end, another school year has just kicked off in the EU capital — a great time to remember how things were decades ago at the school for Europan Common Market delegates in 1972.
Sir Keir Starmer has refused to rule out scrapping free bus passes and council tax discounts for pensioners in the Budget next month.
The ‘bonus’ for benefit claimants has stayed the same for over 50 years
Rachel Reeves says pensioners are on course for a £1,700 boost under Labour as she tries to counter a rebellion over winter fuel payment cuts.
Deborah Meaden, 65, posted to X on Monday, September 9: "I should not get winter fuel allowance. Lots of people should not get winter fuel allowance…lots should."
Chancellor Rachel Reeves has signalled her first budget as chancellor could be a painful mix of spending cuts, tax rises and increased borrowing. Speaking to Sky News after official figures showed the economy flatlined in July with GDP growth of 0.0%, she refused to rule out increasing business and wealth taxes, or further cuts to already strained departmental budgets, as she seeks to address what she says is a dire economic inheritance from the last government. "I've been really honest that there are difficult decisions to come in the budget, on spending, on taxation and welfare, after the mess that the previous government created with the public finances and the state that they are in, that was inevitable," she said.
(Bloomberg) -- Keir Starmer received a warning shot from his own Labour Party over the difficult battles ahead as he tries to fix Britain’s public finances, after his government suffered a significant display of dissent over his decision to scrap winter fuel payments for most UK pensioners. Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025UC Berkeley Giv
The Labour Market Advisory Board - appointed by Work and Pensions Secretary Liz Kendall MP - is made up of experts from across business, industrial relations and academia
Rachel Reeves’s suggestion that pensioners will be £1,700 better off by 2029 ignores the effects of rising prices and will not be true for millions of retirees, analysis shows.
Average earnings excluding bonuses slowed to 5.1% from 5.4% in the three months to July, Office for National Statistics data showed.
Resolution Foundation suggests proposals on capital gains tax, inheritance tax and national insurance
Rachel Reeves could raid the pensions of high earners by axing lucrative tax reliefs in next month’s Budget, a Wall Street bank has warned.
The economy flatlined for the second consecutive month in July, reflecting the scale of the challenge facing new Chancellor Rachel Reeves.
Government plans to cut the amount of pensioners eligible for the Winter Fuel Allowance have been labelled 'disgusting' by North East residents affected.
The Environment Secretary “cannot pretend to understand” the countryside because he represents Croydon and his planned funding cuts will harm nature, the Tories have claimed.
Sir Keir faces calls to publish assessment amid anger at Labour’s decision to cut benefit for pensioners
The Bank of England will keep its main interest rate at 5.00% next week but reduce it in November even though inflation is expected to stay above the central bank's 2% target, a firm majority of economists in a Reuters poll said. In August the BoE cut its Bank Rate to 5.00% from a 16-year high of 5.25% in a tight 5-4 vote. The BoE lifted rates by 515 basis points between December 2021 and August 2023 to calm soaring inflation that peaked at a 41-year high of 11.1% in October 2022.
‘Muddling through’ on tax and spend during this Parliament is ‘not an option’, the Lords Economic Affairs Committee said.
(Bloomberg) -- The UK economy stagnated for a second month in July, suggesting that a rapid recovery from recession is now losing momentum in a blow for Prime Minister Keir Starmer.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025UC Berkeley Gives Transfer Students a Purpose-Built Home on CampusGross domestic product was unchanged after flatlining in Jun
The Prime Minister’s speech at the TUC Congress was met with a cool response from unions concerned about his warnings on public sector pay.
(Bloomberg) -- Amazon.com Inc. said it would spend £8 billion ($10.5 billion) in the UK to grow its cloud business, adding to a string of recent expansion moves in Europe and giving Britain’s new Labour government a welcome investment boost.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025For Tenants, AI-Powered Screening Can Be a New Barrier to HousingU
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