Labour Party Proposes Voluntary Price Cap for UK Supermarkets Amid Rising Costs Wednesday, May 20, 2026 supermarkets pricecap inflation ukgovernment groceryprices retail labourparty foodprices costofliving ukeconomy The UK Labour Party government has called on leading supermarkets—including Tesco, Asda, Sainsbury’s, and Morrisons—to consider implementing voluntary price caps on essential food items. The move aims to shield … Read More
Drivers in England Advised to Delay Fuel Purchases Until After Noon This Week Tuesday, May 19, 2026 petrol diesel fuelprices rac motoring bankholiday inflation vehiclemaintenance frugaltips pricesurge Motorists in England are being advised to delay filling their vehicles with petrol until after noon on Tuesday, as fuel prices are expected to increase starting Wednesday, May 20. This recommendation comes from the RAC, which … Read More
Rachel Reeves to Announce Fuel Duty Freeze Saving Drivers Up to £153 Annually Tuesday, May 19, 2026 rachelreeves fuelduty costofliving taxfreeze motorists inflation ukpolitics socialmarketfoundation governmentpolicy energyprices Rachel Reeves, the Labour Party’s Chancellor, is poised to confirm a crucial rule change that could save drivers up to £153 a year. This week, she is expected to announce the cancellation of a planned fuel duty increase that … Read More
DWP Urged to Scrap Triple Lock State Pension Guarantee for Wealthier Households Monday, May 18, 2026 dwp pensions triplelock statepension intergenerational inflation wages policyreform cost criticism The Department for Work and Pensions (DWP) has come under pressure to abolish the long-standing triple lock guarantee on state pensions. Critics claim that the policy, which guarantees the highest of wage growth, inflation, … Read More
State Pensioners Born Before 1971 Increasingly Fully Withdraw Their Pension Pots Monday, May 18, 2026 pensions retirements withdrawals statepension savings tax inflation fca retirementplanning definedcontribution A growing number of state pensioners born before 1971 are choosing to fully withdraw their pension pots upon retirement, with data showing a notable jump in such actions. In 2024-25 alone, 462,160 pension pots were fully … Read More
HMRC inheritance tax gifting allowance slashed by 78% in real terms Sunday, May 17, 2026 inheritance tax gifting allowance inflation hmrc estate families law compliance The annual £3,000 allowance enabling individuals to gift money free of inheritance tax has effectively plummeted in value by 78% since its introduction in 1981, a private wealth law firm has warned. TWM Solicitors, a … Read More