DWP pension change could cost Generation X £49,000
People born between 1965 and 1980 could lose £49,000 in state pension due to DWP triple lock changes from 2030, Quilter warns.
People born between 1965 and 1980 could lose £49,000 in state pension due to DWP triple lock changes from 2030, Quilter warns.
The DWP is consulting on automatically consolidating 13 million deferred pension pots under £1,000, totalling £4 billion, to cut £240 million annual admin costs.
Wealthy UK families saw costs rise 2.8% in year to June 2026, outpacing the 2.7% rise for low-income households, the first such gap since March 2025, ONS data shows.
Andy Burnham faces a warning from Lord O'Neill that hiking capital gains tax on second homes, shares, and other assets would be 'stupid' and harm growth.
OVO Energy and Tesco are teaming up for a third time to award one OVO Beyond customer one million Tesco Clubcard points, worth up to £20,000. The free prize draw closes Sunday 20 September 2026.
A Rightmove study ranked Skipton the UK's happiest town and Walsall the fifth least happy. Our reporter visited both to see if the perceptions hold up.
People born between 6 March 1961 and 5 April 1977 face waiting until 67 for their state pension, potentially losing £13,112.66 next year, according to Fidelity.
Former pensions minister Sir Steve Webb warns the private pension access age could rise to 60, citing Labour's lack of fondness for pension freedoms, despite current plans for 57 by 2028.
A 4.1% wage rise would lift full state pension to £1,004 a month, but basic rate trails at £770, leaving a £234 gap under Andy Burnham's triple lock pledge.
West Midlands unemployment rose to 5.6% in the latest figures, above the national average, reflecting a challenging job market in the region.
Over 80,000 people left Birmingham in the last year, the largest exodus outside London, with a net loss of 22,000 as residents seek quieter areas.
Aviva's Amanda Blanc has urged Prime Minister Andy Burnham and Chancellor John Healey to rule out changes to the 25% pension tax-free lump sum ahead of the October Budget, warning of unnecessary withdrawals.
Andy Burnham has been urged to let wealthy state pensioners born after 1961 voluntarily sacrifice their state pension for an OBE, under a Compass proposal aimed at cutting costs.
Olympic 400m medallist Matt Hudson-Smith says he wants to become Birmingham's mayor after winning gold at the 2026 Commonwealth Games, revealing his political ambition in a new interview.
A report backed by Andy Burnham's ally proposes replacing the BBC TV licence fee with a universal household levy and putting the BBC under public control.
Labour's projected West Midlands seats double to 13 under Andy Burnham, as Reform UK and Tories lose ground in latest polling.
Bright Blue think tank proposes raising top income tax to 52%, scrapping employer NI, and adding a 13% band, sparking political backlash.
According to a new poll, 66% of British adults support a wealth tax on assets exceeding £10m, as Neil Kinnock urges PM Andy Burnham to tax wealth more fairly.
Reform UK's Operation Fortress would deploy the Royal Navy to stop Channel migrant dinghies, drawing sharp criticism from experts and Labour.
Taking your 25% pension tax-free lump sum at 55 could leave you £63,000 worse off by 65, warns AJ Bell, as Chancellor John Healey faces pre-Budget speculation.
Labour has jumped from seven to 13 projected West Midlands seats since Andy Burnham became leader, while Reform UK has fallen and the Tories slipped.
Andy Burnham confirms state pensioners won't pay income tax on state pension next year, with Triple Lock lifting full state pension to £291 in April 2027.
Petrol drivers risk paying 22p per mile as Andy Burnham faces pressure to cut fuel duty, despite a planned September rise being scrapped until January.
From October 1, VAT on electricity is cut to zero, but Martin Lewis warns the price cap rise will wipe out savings, leaving typical households £48 worse off.
Baroness Louise Casey criticizes DWP disability benefits, stating 16.8 million people are classified as disabled and she herself would qualify. Andy Burnham links assisted dying debate to fixing social care.
Experts tell PM Andy Burnham to scrap the triple lock, which would raise pensions by £240 a year, to fund social care; defence spending and assisted suicide also debated.
Just over three-fifths of private business owners in Wales are confident of delivering growth in the second half of 2026, down from 89% at the start of the year, according to KPMG's half-year private enterprise barometer.
The UK government under Prime Minister Andy Burnham will delay Universal Credit and DWP benefit cuts until the final Milburn Report, expected in autumn, confirms Pat McFadden.
Prime Minister Andy Burnham rules out scrapping stamp duty but pledges fairer taxation, while council tax reform remains under consideration.
Prime Minister Andy Burnham is reportedly interested in a triple lock for young people, proposing discounted train fares, tax incentives and a rent-to-own pathway, as reported by the I paper.