Kemi Badenoch criticised Rachel Reeves as the ‘country’s worst Chancellor’ for the chaotic recent Budget, and the Conservative leader criticised the Chancellor’s handling of leaks and U-turns in a strong Commons performance. Ms Badenoch criticised Labour’s economic plan, labelling it a ‘Budget for Benefit Street’ due to increased taxes on houses, cars, and pensions. ToContinue reading “Misery Smorgasbord”
Tag Archives: Pensions
Fat Jabs Like Ozempic And Mounjaro Threaten Pensions
The spread of ‘fat jabs’ such as Ozempic could lead to a rise in the state pension age because obese employees will live longer than anticipated, Government advisers have warned. With more than 1.5 million people now using weight-loss drugs in the UK, the number-crunchers say that actuarial calculations about life expectancy – and thereforeContinue reading “Fat Jabs Like Ozempic And Mounjaro Threaten Pensions”
Pension Should Be Affordable, Says Reeves
Rachel Reeves has warned that the state pension must be ‘affordable’ amid concerns that the younger generation may not receive it until they are 74. The Chancellor said increases in life expectancy have to be taken into account after ministers launched a review. Concern has been raised about the sustainability of the triple lock, which meansContinue reading “Pension Should Be Affordable, Says Reeves”
Now Working Pensioners Face Paying National Insurance
Working pensioners could now be charged National Insurance for the first time to help fix the social care crisis, and Treasury officials are considering the case for extending the National Insurance system beyond the state pension age of 66 where it currently stops. Insiders said the move would raise comparatively modest sums but would haveContinue reading “Now Working Pensioners Face Paying National Insurance”