Government Urged to Rethink Pension Inheritance Tax Shake-Up
The Chancellor’s decision to bring pensions into the inheritance tax (IHT) net has sparked alarm among savers, with billions already withdrawn from retirement pots ahead of the change. Under plans set out by Rachel Reeves in the Autumn 2024 Budget, from April 6, 2027 most unused funds from defined contribution Continue Reading
RACHEL REEVES VISITS ROCHDALE BUS FACTORY
Rachel Reeves, the Chancellor of the Exchequer, visited Rochdale’s Mellor bus factory and pledged £15.6 billion in transport investment. This is part of a broader £113 billion in additional investment that she plans to unveil in next week’s spending review. Reeves aimed to end the decades-old trend of growth being Continue Reading
UK BUDGET: ‘TAX, SPEND & BUILD’
Rachel Reeves, the first female chancellor to deliver a UK Budget, has expanded the size and scope of the British state and ushered in a return of traditional left-right politics. Labour’s first Budget in over 14 years is likely to dampen wages, erode savings, increase inflation in the short-term, and Continue Reading
LABOUR’S FIRST BUDGET IN 14 YEARS
The Autumn Budget 2024 announced several measures to help put more money into the pockets of working people. These include an extended and widened Help to Save scheme, which offers lower earners a savings account with a maximum of £50 a month for four years, and a 50% government boost Continue Reading
