Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Unlock the editor’s digestion free
FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.
British Chancellor Rachel Reeves is a turn of 2MN retirees, which is more than £ 35,000, a turn of 2mn pensioners, which costs £ 18.25 billion.
Reveves announced the withdrawal in front of this week’s spending review, because in some public service budgets, in a tightly intensive moment, some positive headlines.
Chancellor, last month in the British local elections and the party’s subsequent feedback from the deputies of the parliament, the company turned into a day with a dubul.
According to the revised plan, about 9 mn pensioners will receive a fuel payment worth £ 200, or £ 300 in this winter.
Revenue retirees, which are more than £ 2 million, will also receive payment, but money will be restored by the HM income and customs.
Reveves releases a 1.25 billion pit in public finances by the end of the decade in July last year.
Chancellor Monday, the costs will be registered in the fall budget and will take steps to fill the financial hole. “It will not cause a permanent additional borrower,” said Treasury.
Many economists believe Reives In the fall, taxes will be forced to increase, because at least, the labor deputies put pressure on the pressure to reduce its plans to reduce the welfare payments.
Under the original plan of Reeves, only the poorest pensioners – while receiving a retirement loan, the winter would continue to receive a winter fuel payment. Established to lose about 10 mn subsidy.
With the revised plan or employers and pension providers or by annual tax returns, the subsidy will be automatically paid to the subsidy, which will automatically be paid.
The Treasury claims that these 2MN pensioners are “above the level of income above the level of income of pensioners” and the average amount of £ 35,000.
The money will be returned from households than households, that is, the couple under the threshold will still receive partial payment, even if the profits of their partner are very high.
“Winter fuel payments were a difficult decision, but it was the right decision because the previous government had left the government,” Reveves said.
“This pay is not to test this payment, as well as to test this payment, and we continue to try this payment.
The Treasury will save £ 450 million compared to the original program, which is a universal benefit paid by the latest scheme of this winter.
But there are some experts notier U-conversion, the government has made very limited deposits, because last year’s primary interruption preferred more pensioners to join a pension loan.
The government had 230 million pounds for a pension loan that encourages the promotion of applications to replace the effects of previous interruptions.
The conservative leader Kemi Badenoch said: “This humiliating way will come as comfort to pensioners who force the passing of the last winter to choose between heat and food. The Prime Minister should apologize for his terrible decision. “
UK leader Nigel Farage reform, calling for conversion to the government to cancel the government, said that the party will be “can require a loan” for the u-turn. “I think we have made political weather,” he said on Monday to the fans in Wales.
Additional report from Anna Gross in Port Talbot