First-time buyers will be able to apply for a mortgage with just a £30,000 salary with Nationwide (NBS.L) as the government and Bank of England (BoE) push for more relaxed lending rules. The changes comes as chancellor Rachel Reeves is set to reveal the “biggest set of reforms to financial regulation in a decade” at…
Chancellor Rachel Reeves is set to announce plans to reduce the annual allowance for Cash Isas later this month, according to reports. According to the Financial Times, government sources have confirmed that the chancellor intends to lower the Cash Isa allowance, marking the first major change to Isa limits since the 2017-18 tax year. It…
The UK government is reviewing its recent move to impose inheritance tax on global assets of non-domiciled residents, following a wave of departures among high-net-worth individuals and lobbying from the City of London. According to the Financial Times, Chancellor Rachel Reeves is open to reversing this component of the non-dom regime overhaul, introduced in April,…
The Chancellor has insisted the Government can hit its NHS waiting times targets despite scepticism from some leaders. Speaking after her spending review, Rachel Reeves said the Government was confident it could hit pledges set down by the Prime Minister last year. Sir Keir Starmer said in December the NHS will carry out 92% of…
UK prime minister Sir Keir Starmer and chancellor Rachel Reeves are preparing to cut the size of the state as they plan to reduce about 50,000 civil service jobs by 2030, according to reports. UK Civil Service Faces 10% Cut by 2030 The plan to cut 10% of roles by 2030 is part of Reeves’…
The coming months for people needing social care are likely to be “the most difficult we’ve seen in recent years” unless significant new funding is announced soon, almost 100 leaders in the sector have warned. Next month’s spending review is a “crucial opportunity” for the Government to show its commitment to the future of adult…