Growth in living standards threatened by war in Middle East
The UK is set for a decent increase in living standards this year, but energy price shocks caused by war in the Middle East threaten that growth, according to the…
Financial Services
HMRC urges young people to claim Child Trust Funds
HMRC is urging young people who have yet to claim their Child Trust Fund (CTF) to do so during National Apprenticeship Week. HMRC’s figures show 758,000 young people could be…
Bank deposit protection limit to be increased to £120,000
UK bank customers will benefit from an increase to the maximum amount they would be reimbursed for if their bank were to fail from 1 December, the Prudential Regulation Authority…
Autumn Budget 2025 Key measures at a glance
Following Rachel Reeves’ budget earlier today we have summarised below the key tax changes and announcements she has made: Our full detailed guide on the Budget and our Tax Tables…
HMRC urges families to save money with Tax-Free Childcare
HMRC is encouraging working families to save money by signing up to Tax-Free Childcare and using one of the thousands of facilities accepting it as payment. Tax-Free Childcare means working…
Pensioners ‘set to be worse off’, warns DWP
The Department for Work and Pensions (DWP) has warned that pensioners retiring in 2050 are set to be worse off than those retiring today. According to the DWP, nearly half…
IHT on pensions most unpopular of Labour’s tax increases
Inheritance Tax (IHT) on pensions is the most unpopular of the tax raising measures introduced by the Labour government during its first year, according to a survey. The survey conducted…
FCA in international crackdown on unlawful finfluencers
The Financial Conduct Authority (FCA) joined forces with eight international regulators for a week of action to combat the risks of finfluencers on social media. Finfluencers are widespread throughout social…
HMRC system attack is a timely reminder to keep personal data safe
Taxpayers are being urged to check their online HMRC account after scammers attempted to defraud the tax authority using individuals’ data and login details. The Low Incomes Tax Reform Group…
Government introduces Pension Schemes Bill
The government has introduced the Pension Schemes Bill, which it says will make pensions easier to understand and manage as well as drive better value over the long term. The…
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