HMRC Targets 144,000 Savers with £5,000+ Tax Demands on Savings Interest Monday, June 15, 2026 hmrc tax savings interest cashisa treasury investment finance taxation savers HM Revenue & Customs (HMRC) is intensifying its efforts to collect tax from savers, sending £5,000-plus tax demand letters to 144,000 individuals. According to data obtained through a Freedom of Information request, the … Read More
Well-Off State Pensioners Face HMRC Tax Bills Totaling £9,320 Tuesday, June 9, 2026 pensions statepension tax hmrc retirement income fiscaldrag government ajbell treasury Well-off pensioners are seeing their tax burdens rise sharply as they pay thousands more to HMRC just to maintain their lifestyles. Recent analysis by Pensions UK shows that Department for Work and Pensions (DWP) state … Read More
Rachel Reeves’ Bank Rule Changes May Limit Consumer Compensation Access Wednesday, June 3, 2026 compensation banking consumerprotection financialservices legislation treasury regulation consumercredit ombudsman vulnerability Rachel Reeves’s proposed changes to banking regulations could significantly reduce consumers’ access to compensation by weakening key protections. The planned overhaul, part of the Treasury’s Enhancing Financial Services … Read More
Graduates Deemed ‘Cash Cows’ to Support State Pensioners, MPs Hear Wednesday, June 3, 2026 graduates studentloans debt intergenerational government education funding reform policy treasury Debt-ridden graduates are increasingly being viewed as ‘cash cows’ to finance the lifestyles of older generations, MPs were told during a Commons Treasury select committee session. On Tuesday, seven experts gave evidence on … Read More
DWP Urged to Maintain State Pension Triple Lock Amid Financial Concerns Saturday, May 30, 2026 pensions tripelock retirement statepension stevewebb treasury inflation policy welfare ukgovernment Sir Steve Webb, the former pensions minister under the coalition government and architect of the triple lock, has come out strongly in defense of the policy. He cautions that abandoning the triple lock at this time would be … Read More
Rachel Reeves Proposes 22% Tax on Interest from Stocks and Shares ISAs Wednesday, May 27, 2026 isa tax investment savings reform stocks interest treasury finance government Chancellor Rachel Reeves is reportedly preparing to impose a 22% tax charge on interest earned within stocks and shares ISAs. This move forms part of the Labour government’s plans to reform Individual Savings Accounts (ISAs), … Read More