Tag: benefits

Inflation falls to 2.2%

Inflation falls to 2.2%

The rate of inflation on the Consumer Prices Index (CPI) fell to 2.2 per cent last month according to the Office for National Statistics (ONS), its lowest level since November 2009. In August, CPI inflation, which excludes mortgage interest payments, stood at 2.5 per cent. The Retail Prices Index (RPI) measure of inflation, which includes […]

October 16, 2012 More
Inflation falls to 2.5 per cent

Inflation falls to 2.5 per cent

Inflation fell to 2.5 per cent in August, from 2.6 per cent in the previous month, as measured by the Consumer Prices Index (CPI). The latest official figures from the Office of National Statistics also show that inflation also fell on the Retail Prices Index (RPI) measure, from 3.2 per cent in July to 2.9 […]

September 18, 2012 More
One million people borrow to pay household bills

One million people borrow to pay household bills

One million people are turning to payday loans to pay their monthly bills and there are fears that the situation could worsen when Universal Credit is introduced next year. According to a new study by Santander more than one million people in the UK use payday loans to pay their household bills, despite the high […]

September 12, 2012 More
Austerity plans will hit families hardest

Austerity plans will hit families hardest

The Family and Parenting Institute (FPI) today warned that families with children will be worst affected by the Government’s proposed changes to tax and benefits. A study by the Institute for Fiscal Studies on behalf of the FPI suggests that the average income of families with children will fall by 4.2 per cent by 2015-16, […]

January 4, 2012 More
UK carers struggling to make ends meet

UK carers struggling to make ends meet

Around half of the 6.4 million unpaid carers in the UK are suffering ill-health because of money worries according to Carers UK. A survey of 4250 unpaid carers found that 40 per cent of respondents had fallen into debt because of their caring responsibilities, and 86 per cent of carers in debt suffered mental health […]

December 2, 2011 More
Government launches back to work scheme

Government launches back to work scheme

The Government has launched its new “Work Programme”, which aims to get people off benefits and back to work. The scheme will see mainly private companies trying to find work for claimants in the UK. The moves are part of the coalition Government’s welfare crackdown which is designed to make a life on benefits “no […]

June 10, 2011 More
Treasury reviews winter fuel and child benefit payments

Treasury reviews winter fuel and child benefit payments

As part of the coalition Government’s welfare crackdown, announced in June, it has been revealed that winter fuel payments and child benefit, face severe overhauls. The massive overhaul of the system comes as part of the Government’s plans to reduce public spending. There is speculation that ministers are reviewing the provision of child benefit for […]

August 18, 2010 More
Citizens Advice: Welfare reforms must tackle poverty

Citizens Advice: Welfare reforms must tackle poverty

Government plans to review the welfare system with a view to simplifying benefits have been given a guarded welcome by the Citizens Advice Bureau (CAB). The CAB said simplifying the system will help more people claim the benefits they are entitled to. However, it warned that the reforms must continue to provide support for the […]

August 4, 2010 More
Iain Duncan Smith calls for massive shake-up of benefits system

Iain Duncan Smith calls for massive shake-up of benefits system

In the Government’s emergency budget in June, it was revealed that the benefits system would be in line for a radical overhaul. One option being considered would see unemployment benefits and tax credits abolished and replaced with a single payment, Work and Pensions Secretary, Iain Duncan Smith, has announced. The move is designed to cut […]

August 1, 2010 More
Government proposes radical reform to benefits system

Government proposes radical reform to benefits system

As it continues with its priority of cutting Britain’s budget deficit, the coalition Government has indicated that incapacity benefits will be targeted in a welfare crackdown. Chancellor George Osborne has already announced tough austerity measures to cut the £155 billion deficit but has now made it clear that sickness benefits will be targeted, as they […]

June 28, 2010 More
Coalition proposes controversial plans for unemployed

Coalition proposes controversial plans for unemployed

Proposals have been unveiled by Work and Pensions Secretary, Iain Duncan Smith, which could see unemployed people encouraged to seek jobs outside the areas where they live. According to Mr Duncan Smith, millions of people are “trapped in estates where there is no work” but have been unable to relocate because it would mean giving […]

BCC survey reveals 2010 will be a tough year

BCC survey reveals 2010 will be a tough year

A survey by business group British Chambers of Commerce (BCC) has revealed that businesses are cautious about a recovery next year with figures showing that two thirds are planning wage freezes or pay cuts next year. The survey, which questioned 260 companies, also revealed that in a bid to reduce overheads, one in five is […]

December 29, 2009 More
Soaring numbers calling CAB with debt problems

Soaring numbers calling CAB with debt problems

Research has revealed that the number of people contacting the Citizens Advice Bureau (CAB) for help with debt problems has surged by 20% in the last 12 months. The independent charity, which was established 70 years ago to help people with war-related problems, provides information and advice to help people with their money, legal, consumer […]

December 2, 2009 More
Think tank claims 6m adults will be claiming benefits

Think tank claims 6m adults will be claiming benefits

The Policy Exchange believes that the number of British adults claiming benefits will reach 6 million later this month, primarily due to rising unemployment amid the recession. The think tank, which has made its projection on the basis of Department of Work and Pensions benefits data, said around 1.4 million people are claiming Jobseekers’ Allowance, […]

Failure of ‘bogged down’ pensions system

Failure of ‘bogged down’ pensions system

Pensioners are missing out on up to £5.4 billion per year in benefits they are entitled to, Age Concern said this week. The over-50s charity said thousands of pensioners are refusing to claim benefits because they are too proud to do so. Many pensioners would feel like they were taking handouts if they accepted benefits […]

Survey reveals worrying job prospects for school leavers

Survey reveals worrying job prospects for school leavers

A survey conducted by the Chartered Institute of Personnel and Development (CIPD) has revealed that only one in five firms plan to employ 16-year-olds due to leave school in the next few months. Furthermore, the survey found that one third of the companies that took part in the survey said they had cut their graduate […]

David Blanchflower predicts unemployment could reach 4 million

David Blanchflower predicts unemployment could reach 4 million

David Blanchflower, one of the more publicly recognised policy makers in the Bank of England, has given a warning shot to the government that unless evasive action is taken in order to tackle the recession head on, by spending in excess of £90bn on new projects, unemployment may reach unthinkable levels of 4 million. The […]

MPs urges banks to pass on interest rate cuts

MPs urges banks to pass on interest rate cuts

Last month, in a co-ordinated move with other banks, the Bank of England’s Monetary Policy Committee (MPC) slashed UK interest rates from 5% to 4.5%. Central banks in the US, Japan and China have all cut interest rates in the last week in a bid to fight off a recession. Many analysts believe that the […]