27 h. ago HMRC can now seize funds from bank accounts in tax rules update

The Revenue & Customs move will see money taken from accounts to recover unpaid bills - and will now extend to unpaid tax on savings interest, with account holders warned

Economics

33 h. ago PIP claimants making 'one big mistake' on applications, former DWP assessor says

James Merrell, who worked as a PIP assessor for the DWP, explained to the Daily Star how applicants can avoid a common mistake while filling out DWP forms and attending in-person assessments

Politics

62 h. ago DWP explains state pension letter about 'directly taking funds' from bank accounts

State pension payments are increasing 4.1% next month

Economics

7 d. ago DWP explains 40pc rule on how much it can directly take from your bank account

Debtors will get a notice period of when an amount is being deducted so they can dispute the matter

Economics

9 d. ago DWP PIP assessments explained as Liz Kendall's changes could hit thousands every month

Claimants will need to get at least four points in one activity

Events

1 week ago Next UK interest rate cut may not come until August after hawkish Bank of England hold – as it happened

Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%Bank of England says companies freezing hiring plans as it keeps interest rates on holdIn the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employ...

Politics

1 week ago Next UK interest rate cut may not come until August after hawkish Bank of England hold – business live

Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%Bank of England says companies freezing hiring plans as it keeps interest rates on holdIn the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employ...

Economics

1 week ago Bank of England leaves interest rates on hold despite ‘intensifying’ trade war uncertainty – business live

Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%In the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.“We’ve already put in place measures to make ...

Economics

1 week ago Bank of England expected to leave interest rates on hold today; global debt exceeds $100tn – business live

Monetary Policy Committee set to announce interest rate decision at noonIn the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.“We’ve already put in place measures to make work pay...

Economics

1 week ago DWP benefits cuts explained and defended by Sir Keir Starmer

The announcement was met with criticism from Labour backbenchers, unions and charities

Politics

1 week ago DWP sends letter to 'everyone' in the UK with important state pension update

The DWP is now sending letters to everyone over 66 with updated state pension payment details. The letters are being sent to people who were born in and around 1959, or in the years before.

Politics

2 w. ago Labour's full £5bn PIP cuts plan explained as DWP 'to freeze benefits' for 3.6m Brits

The Personal Independence Payment could see big changes including for certain age groups

Economics

2 w. ago DWP to send letter to everyone over 66 with updated state pension payment details

The DWP is set to send out vital letters to millions of people of State Pension age in the coming weeks, with the information contained inside being very important

Economics

2 w. ago Brits urged to check State Pension letter for error worth £11,905 on average

The DWP is currently checking tens of thousands of State Pension payments for errors and back payments of up to £11,905 on average

Economics

2 w. ago DWP explains when it will seize smartphones and not return them under new laws

DWP officials will be able to enter properties and seize items in some circumstances

Politics

2 w. ago DWP fraud investigators to raid properties and seize these electronics

Officials will also be able to directly take funds from people's bank accounts

Events

2 w. ago EPA froze 'green bank' funds worth billions, climate group suit says

A nonprofit that was awarded nearly $7 billion by the Biden administration to finance clean energy and climate-friendly projects has sued the Environmental Protection Agency, accusing it of improperly freezing its account

Economics

3 w. ago Barclays app down AGAIN: Customers are unable to transfer funds or access app just days after bank said it would pay out millions in compensation following previous outage

According to Down Detector, the problems started at around 7am GMT, and are affecting users across the UK.

Economics

3 w. ago DWP explains how bank checks will target those on Pension Credit

Investigators will be able to request details of bank statements, the Department for Work and Pensions says

Economics

3 w. ago Who owns Britain? In large part, other countries – and that should set alarm bells ringing | Dhananjayan Sriskandarajah

This mass selling off of assets to foreign investors will lead to economic disaster. Labour needs to reset the UK’s courseIn 1994, I joined a march protesting against how the World Bank and the International Monetary Fund – backed by the US – were forcing governments in the global south to follow what was called the “Washington consensus”.We argued that privatising state assets, deregulating markets, and liberalising financial services to attract external investment was leaving countries more unstable, more unequal and more dependent on foreign actors. Decades on, I am horrified that an approach that wreaked havoc in the global south is still being pursued in the UK.Dhananjayan Sriskandarajah is the chief executive of the New Economics Foundation and author of Power to the People. He is a former chief executive of Oxfam GB and secretary general of Civicus, a global alliance of civil society organisations Continue reading...

Events