Rachel Reeves, who is trying to quell a rebellion against Labour’s winter fuel payment cuts, has said pensioners will be given a £1,700 increase. Writing in The Telegraph ahead of Monday’s crucial vote on the policy, the Chancellor of the Exchequer revealed the Treasury’s forecasts for the expected rise in state pensions over the next… Read More »
Up to 50 Labour MPs could refuse to back the government’s controversial plan to cut the winter fuel allowance, despite Keir Starmer urging his backbenchers to back a measure he admits is “unpopular”. Few on the government benches are expected to vote against the policy in Tuesday’s vote, with dozens thought to abstain or abstain.… Read More »
Rachel Reeves is under fire for cutting winter fuel payments. via Bloomberg via Bloomberg via Getty Images On May 1st, Keir Starmer He could not be clearer about his stance on whether every pensioner should continue to receive their winter fuel payment from the government. The then leader of the opposition made it clear to… Read More »
Nearly half a million people have signed an online petition organised by Age UK calling on the UK Government to reverse its decision to introduce means testing for Winter Fuel Payments. The charity launched its campaign following Chancellor Rachel Reeves’ announcement at the end of July, and the legislation was rushed through parliament on 22… Read More »
Sir Keir Starmer will this week claim there is “rot at the heart of the UK”, warning things will get worse before they get better. The prime minister will claim he has “inherited not just an economic black hole but a social black hole”, in a move that will be seen as an attempt to… Read More »
Sir Keir Starmer has been asked to review his decision to cancel winter fuel payments for 10 million pensioners after regulator Ofgem revealed household energy bills would rise by £150 in October. The Prime Minister has warned that the double blow could be catastrophic for low and middle-income pensioners and those struggling with health problems.… Read More »
Labor’s biggest union backer is calling for Rachel Reeves to impose a wealth tax on the richest 1% to give public sector workers a pay rise. Ahead of the Chancellor’s first Budget in October, Unite has tabled a motion to the Trades Union Congress to raise billions of dollars in tax money for public services.… Read More »
Chancellor of the Exchequer Rachel Reeves’ efforts to bring Britain’s finances under control are being hampered by a £47 billion compensation claim that could grow even larger. Independent can reveal. Analysis of a report by the National Audit Office (NAO) showed that £84bn was pledged by previous governments and 12 compensation schemes were set up… Read More »
Rachel Reeves has been slashed as the new Chancellor of the Exchequer, with a £22 billion deficit in the public finances set to be tackled. A new poll has revealed that it is not yet clear who Reeves will be. Four in ten Britons “don’t know” whether they are happy with the way the Chancellor… Read More »
The market’s reaction to the Bank of England’s interest rate cut today was very interesting indeed. Sterling fell against both the dollar and the euro as expected – but some market participants expressed skepticism, saying much of the decline, particularly against the greenback, occurred before news emerged that the Monetary Policy Committee (MPC) had cut… Read More »