PUT THE POLITICIANS ON THE MINIMUM WAGE AND WATCH HOW FAST THINGS CHANGE
Civilisation has operated in two ways - To make one part of society more affluent and the other more wretched than would have been the lot of either in a natural state
There are Natural Rights and Civil Rights. Life, Liberty and the Pursuit of Happiness
Where Our Power to Execute Our Natural Rights is Perfect, Government has No Legitimate Jurisdiction
When the Forces for War are Greater than the Forces for Peace   Then the World is in Danger
Politics is not a Dirty Word. It is a Way of Life. How is Your Way of Life Today ?

GOOD NEWS FOR PENSIONERS

 
Hello and welcome to this week’s Daily Express Money newsletter.

The state pension came into focus over the last week or so as, despite fears that it would be scrapped, Boris Johnson reportedly “put his foot down” and overruled Chancellor Rishi Sunak to keep triple lock increases in place. Full details can be found in the first story below.

The cost of state pension increases was laid bare by recent analysis from Aegon. According to its findings, the full new state pension of £175.20 per week is worth around £336,500. This means for someone to buy the full state pension for the rest of their life through an annuity it would cost £336,500. Full details on this being found in the story below.

Elsewhere this week, a number of public institutions were forced to address a certain amount of criticism. HMRC and the wider government responded to Public Accounts Committee and National Audit Office who condemned pension tax relief rules. Despite the committee calling for systematic changes, the government refused to budge and disagreed with the committee’s verdicts.

Additionally, recent figures from the Bank of England were called into question. The central banks latest Money and Credit report detailed debt repayments had increased to £20.6billion from £19.6billion in July. This seemingly good news was rebutted by the Money Advice Trust, who detailed the statistics “does not reflect the lived reality for millions of households”.

Coronavirus continued to have an impact on the nation’s economy as new self-isolation rules came into force recently, which will have knock on effects for Universal Credit claimants. Rishi Sunak also revealed his Winter Economy Plan, detailing what the next forms of support will be for employees and the self-employed.

Finally, credit card holders were offered support from the FCA to last beyond October, just as balance transfer deals were pulled from the market. Financial customers have been provided with tips on how to protect their funds as it was revealed £200million has been lost to fraudsters. Details on this provided in our final stories below.

 
State Pension changes: Will Triple Lock system be scrapped? PM 'puts his foot down'
State Pension changes: Will Triple Lock system be scrapped? PM ‘puts his foot down’
State pension age changes spark warning - some 'may be surprised' by pension worth
State pension age changes spark warning – some ‘may be surprised’ by pension worth
Pension tax relief: HMRC refuse to change rules as ‘staggering’ problems identified
Pension tax relief: HMRC refuse to change rules as ‘staggering’ problems identified
Bank of England debt data ‘does not reflect’ reality – tax and mortgage changes called for
Bank of England debt data ‘does not reflect’ reality – tax and mortgage changes called for
Universal Credit: Self-isolation rules have come into force – you may get a £500 payment
Universal Credit: Self-isolation rules have come into force – you may get a £500 payment
Self employment: Are the self employed getting another grant? How much is it worth?
Self employment: Are the self employed getting another grant? How much is it worth?
Credit card: Balance transfer deals reduced as firms pull offers – ‘vital’ guidance issued
Credit card: Balance transfer deals reduced as firms pull offers – ‘vital’ guidance issued
Bank transfer warning as £200m lost to fraud by Britons - how to protect your funds
Bank transfer warning as £200m lost to fraud by Britons – how to protect your funds
Credit card: FCA unveil plans to provide support for debt customers beyond October
Credit card: FCA unveil plans to provide support for debt customers beyond October
 

 

 

Similar Recent Posts by this Author:

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email