Public Finances – THE MONTHLY MOSQUITO

Should Rachel Reeves Resign?

Rachel Reeves encountered enraged calls to resign last night after being accused of ‘lying’ to the nation in the run-up to the Budget. The Chancellor was informed months ago that there was no gap in the public finances, the fiscal watchdog disclosed Wednesday in an unusual step. But even before her announcement on Wednesday, Ms Reeves hadContinue reading “Should Rachel Reeves Resign?”

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Britain’s Debt Soars Under Labour

Britain’s national debt skyrocketed by an eye-watering £186 billion during Labour’s first year in power, an analysis has shown. From the end of July 2024 to the end of last month, the UK’s national debt increased from £2.53 trillion to £2.71 trillion, according to an analysis of official figures. It means the Labour Government put BritainContinue reading “Britain’s Debt Soars Under Labour”

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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”

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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”

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More Pensioners Will Get Fuel Payments This Winter

Labour’s U-turn on fuel payments will happen in time for more pensioners to benefit this winter, it was announced – but not all retirees will have the handouts restored. Chancellor Rachel Reeves said this morning that planned changes to the means-testing of winter fuel payments would be in place ahead of the colder months. ‘More people willContinue reading “More Pensioners Will Get Fuel Payments This Winter”