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MYSTERIOUS: 6 | Mind Blowing Facts

Wealth gap between younger and older households has shrunk – report

Much of the ‘wealth boom’ remains to be passed on down the generations in the form of inheritances and gifts, the Resolution Foundation said.

Evening Standard

Ministers told to raise sick pay as report says 1.6m would be unable to pay bills

Low-paid workers unwell for four weeks would be in hardship despite changes in employment bill, charity finds

The Guardian - UK

Look at the farmers’ protest, and then ask yourself: how will we ever make tax fairer amid such grumbling?

Labour inherited a dire situation that needed desperate change – but powerful lobbies make any tax reform near-impossible, says Guardian columnist Polly Toynbee

The Guardian - UK

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Almost a million workers ‘lost’ by unreliable official data, claims think tank

The Resolution Foundation said the ONS has underestimated growth in employment by 930,000 workers since 2019.

Evening Standard

Middle class millennials set to gain most from ‘unprecedented’ wealth transfer

Property asset boom is cascading down the generations, with wealthiest parents far more likely to enrich their children, says Resolution Foundation

The Guardian - UK

UK politics live: Budget means weekly pay to rise just £13 in 20 years as IFS calls Reeves’s plans ‘unrealistic’

The Resolution Foundation has warned that the pay outlook is “dire” and many UK workers will not feel any better off by the end of this Parliament

The Independent UK

From capital gains to NICs: tax changes to look out for in autumn 2024 budget

Rachel Reeves will seek to close £40bn Whitehall spending gap with range of potential measures

The Guardian - UK

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Budget 2024: what taxes could Rachel Reeves raise?

The chancellor is aiming to make £40bn worth of tax rises and spending cuts to fill ‘black hole’ in public finances

The Guardian - UK

How DWP rules for disability benefit assessment could change as Reeves’ Budget approaches

Changes could take effect from next April as Treasury reportedly looks to save £3bn

The Independent UK

Inflation drop ‘badly-timed’ for benefit claimants as next increase revealed

Lowered inflation rate will decide how much benefits are increased next year

The Independent UK

Pressure mounts on Rachel Reeves to drop ‘dangerous’ £1.3bn cut to benefits for disabled

Thousands could lose up to £4,900 a year if the plan is retained in the forthcoming budget

The Guardian - UK

Labour warned £22bn shortfall will last years without higher taxes or cuts

Resolution Foundation says overspend chancellor claims she inherited will persist unless tough choices are made

The Guardian - UK

Starmer has already ruled out biggest benefit to UK from his EU reset, think tank warns

PM has repeatedly talked up his push to rebuild ties with the bloc after years of acrimony under successive Tory governments

The Independent UK

Labour urged to support households with energy bills – as more cold weather payments proposed

Around 7.7 million households are at risk of fuel stress, finds a report from the Resolution Foundation, where families need to spend more than 10 per cent of their income to heat their homes

The Independent UK

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The Guardian - UK

Biggest drop in UK manufacturing confidence since March 2020; eurozone inflation hits three-year low – as it happened

Rolling coverage of the latest economic and financial news, as UK factory growth slows and eurozone inflation dips below 2%

The Guardian - UK

Reeves urged to make tax changes ‘to raise more than £20bn a year’

Resolution Foundation suggests proposals on capital gains tax, inheritance tax and national insurance

The Guardian - UK

Pension pot amount needed for ‘basic’ retirement rises 60% in three years

Research shows ‘alarming’ rise in essential living costs during retirement, with low-paid workers worst affected

The Guardian - UK

The Observer view on the autumn budget: Labour must break this cycle of sluggish growth

There are tough decisions to be made, but living standards must improve if the economy is to be rescued

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The Guardian - UK

Two-child benefit cap is cementing regional poverty, Starmer told

North-west and West Midlands worst hit, says thinktank, and in some areas half of children live below breadline

The Guardian - UK

Why Rachel Reeves wants everyone to know that the Tories left the Treasury brassic

The chancellor is not just preparing the ground for some tax rises. She’s also warning her party that there will be extremely difficult decisions about spending

The Guardian - UK

The two-child benefit cap: what is it, does it work and how much would it cost to scrap it?

The policy drives poverty among larger families and is seen by critics as not working as originally envisaged, writes Phillip Inman

The National (Scotland)

What is the two-child benefit cap and why is it controversial?

PRIME Minister Keir Starmer is facing his first rebellion since winning the General Election due to his support for the two-child benefit cap ...

The Guardian - UK

Labour told it will need to defeat ‘net-zero nimbys’ to decarbonise Britain

Opposition in wealthier areas is likely and overcoming it is essential, says Resolution Foundation

The Guardian - UK

Labour says higher-than-forecast UK borrowing shows economic challenge ahead

Treasury says it has received worst postwar inheritance as figures reveal £14.5bn deficit in June

Evening Standard

Hot wage rises put changes of August interest rate cut into the shade

September looks more likely to provide the moment the cost of borrowing comes down from a 16-year peak

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