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News Tag: benefits

October 16, 2012

Inflation falls to 2.2%

by Jan Harris
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 mortgage payments, fell to 2.6 per cent in ...




September 18, 2012

Inflation falls to 2.5 per cent

by Jan Harris
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 per cent in August. The fall ...




September 12, 2012

One million people borrow to pay household bills

by Jan Harris
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 levels of interest charged ...




January 4, 2012

Austerity plans will hit families hardest

by Jan Harris
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, representing a loss of £1,250 ...




December 2, 2011

UK carers struggling to make ends meet

by Jan Harris
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 problems. The survey, which ...




June 10, 2011

Government launches back to work scheme

by Kay Mitchell
”Government
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 longer an option” – first announced in ...




August 18, 2010

Treasury reviews winter fuel and child benefit payments

by Kay Mitchell
”Treasury
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 “middle class” families, while the winter ...




August 4, 2010

Citizens Advice: Welfare reforms must tackle poverty

by David Masters
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 poor and vulnerable. Teresa Perchard, CAB director of ...




August 1, 2010

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

by Kay Mitchell
”Iain
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 down on benefit spending ...




June 28, 2010

Government proposes radical reform to benefits system

by Kay Mitchell
”Government
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 cost £12.5 billion a year. Mr Osborne ...




Coalition proposes controversial plans for unemployed

by Kay Mitchell
”Coalition
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 up their right to a home. However, the ...




December 29, 2009

BCC survey reveals 2010 will be a tough year

by Kay Mitchell
”BCC
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 considering scrapping benefits such ...




December 2, 2009

Soaring numbers calling CAB with debt problems

by Kay Mitchell
”Soaring
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 and other problems. The CAB said that ...




August 18, 2009

Think tank claims 6m adults will be claiming benefits

by Kay Mitchell
”Think
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, while 2.6 million are ...




June 29, 2009

Failure of ‘bogged down’ pensions system

by David Masters
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 they hadn't earned, Age Concern said. Michelle Mitchell, Age ...




May 26, 2009

Survey reveals worrying job prospects for school leavers

by Kay Mitchell
”Survey
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 employees in 2009, while 45% ...




March 24, 2009

David Blanchflower predicts unemployment could reach 4 million

by Peter Charalambous
 David Blanchflower predicts unemployment could reach as much as 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 plan ...




November 4, 2008

MPs urges banks to pass on interest rate cuts

by Kay Mitchell
”MPs
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 Bank of England and ...