All the updated news related to benefit

All the news related to benefit updated in real time

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£2 taken from households in ‘stealthy’ freezes for every £1 in tax cuts – IFS

Households will lose more from “opaque and stealthy” freezes over the next three years than they will gain from headline tax cuts on average, according to the Institute for Fiscal Studies (IFS). By 2025–26, the freezes will take away £2 for every £1 ...

06 Oct 2022 at 01:01

Man with electric wheelchair ‘frightened’ by prospect of real-terms benefits cut

A disabled man who is unable to charge his wheelchair as the cost of living soars has said he is “frightened” by the prospect of a real-terms cut to benefits. Peter Wilson, 54, from Hull in East Yorkshire, is unable to work due to his disability ...

06 Oct 2022 at 11:42

Liz Truss and Kwasi Kwarteng U-turn on scrapping 45p tax rate

Liz Truss and Kwasi Kwarteng have abandoned a plan to abolish the top rate of income tax for the highest earners in an astonishing U-turn. The Chancellor acknowledged that their desire to borrow billions to axe the 45% rate on earnings over ...

03 Oct 2022 at 12:08

Chancellor expected to U-turn on scrapping 45p tax rate

Chancellor Kwasi Kwarteng is expected to make an astonishing U-turn over the abolition of the top rate of income tax for the highest earners. Mr Kwarteng is believed to be preparing to issue a statement on Monday, climbing down over the ...

03 Oct 2022 at 08:29

Liz Truss battles to maintain Cabinet discipline amid U-turns and confusion

Liz Truss was struggling to maintain Cabinet discipline as Conservative critics who forced her U-turn on slashing income tax for the highest earners were accused of a “coup”. Amid bitter infighting at the Conservative Party conference, ...

04 Oct 2022 at 18:37

Benefit cuts don’t make sense if you want growth, says Iain Duncan Smith

Sir Iain Duncan Smith has said “it doesn’t make sense” not to uprate benefits in line with inflation, as he waded in on the latest Tory row. The Conservative former leader and work and pensions secretary argued that Universal Credit ...

04 Oct 2022 at 14:52

Cutting benefits to fund reduced tax ‘not right thing to do’ says Scottish Tory

A Scottish Conservative MP has said a possible plan to cut benefits to fund tax reductions for the richest is “not a good idea” but that he would not be drawn into “hypotheticals”. Andrew Bowie, speaking to BBC Radio Scotland from ...

02 Oct 2022 at 15:33

Liz Truss does not rule out real-term benefits cuts but guarantees pension hike

Liz Truss has refused to rule out real-term cuts in welfare payments despite saying pensions will rise in line with inflation. The Prime Minister declined to commit to the annual uprating of benefits in line with inflation, as ...

02 Oct 2022 at 14:46

What could the looming benefits battle mean for households?

A political battle is looming over whether welfare payments will be increased next April in line with soaring inflation. Here is a look at what it could mean for households. – What is the controversy about? Prime Minister Liz ...

04 Oct 2022 at 13:00

Truss still wants to bring top rate of income tax down despite U-turn

Liz Truss has said she still wants the top rate of income tax for the highest earners to be lower just a day after being forced into a U-turn to stave off a Conservative revolt. The Prime Minister said she backed down on ...

04 Oct 2022 at 14:21

Truss rules out sacking Mordaunt for speaking out over benefits rise

Liz Truss ruled out sacking Penny Mordaunt after the Commons Leader put pressure on the Prime Minister to increase benefits in line with inflation. Ms Mordaunt, who ran against Ms Truss for the party leadership, said ...

04 Oct 2022 at 14:20

Mordaunt: Raising benefits in line with inflation ‘makes sense’

Liz Truss has been told by a member of her Cabinet that it “makes sense” for benefits payments to rise in line with inflation. Penny Mordaunt, the Leader of the House of Commons and a former Conservative Party ...

04 Oct 2022 at 11:21

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