All articles tagged with #pensioners
The article covers various UK political and economic issues, including pension benefit debates, police funding negotiations, a £14.2bn investment in the Sizewell C nuclear plant, a new cancer treatment on the NHS, and a change in Reform UK leadership, highlighting government decisions and public reactions.
The UK government, led by Rachel Reeves, has reversed its previous policy on winter fuel payments, now extending payments to nine million pensioners with incomes up to £35,000, costing around £1.25 billion annually, in response to concerns and political pressure, while maintaining targeted means-testing.
UK Prime Minister Rishi Sunak has pledged tax cuts for pensioners to improve the Conservative Party's poor poll numbers ahead of the July general elections. The plan would increase the tax-free allowance for pensioners, saving them up to £275 annually by 2030. The Labour Party criticized the move as a desperate attempt to regain economic credibility. Opinion polls suggest the Conservatives are facing a significant defeat, with many MPs, including prominent figures, opting not to contest the election.
UK Prime Minister Rishi Sunak has proposed tax cuts for pensioners as part of his campaign for the upcoming July election. The plan includes a new age-related allowance and a tax cut of around £100 for each of 8 million pensioners in 2025, increasing to nearly £300 annually by the end of the next parliament. This move aims to secure the support of older voters, with the Conservative Party also committing to the "triple lock" policy for pensions. Labour has criticized the proposal as a desperate attempt to regain economic credibility.
Chancellor Jeremy Hunt has announced an 8.5% increase in the state pension, amounting to an extra £17.33 per week for pensioners. This increase will be in line with the 'triple lock' policy, which guarantees that pensions rise each April by the highest of average earnings, inflation, or 2.5%. The decision to retain the triple lock has faced criticism, with some arguing that pensioners are already better off than working-age people. The increase is expected to cost the Treasury £2 billion per year. Additionally, Hunt plans to cut National Insurance, make a tax break for firms permanent, and increase benefits by 6.7%.
Argentina's economy ministry has announced a series of benefits for workers and pensioners to alleviate the impact of the severe economic crisis, including a package of 37,000 pesos for pensioners, loans for workers, tax relief for self-employed individuals, additional stipends for those on food benefits, and funding for farmers affected by drought. The government will also suspend export taxes for certain goods and provide funding to boost export sales. The move comes after a recent devaluation of the peso and as the country prepares for the upcoming elections, which are expected to be closely contested.
Over the course of 24 hours, at least 20 military commissariats in Russia were targeted with attempts to set them on fire, with pensioners being involved in several incidents. Criminal cases have been initiated against the suspects, who face potential prison sentences if convicted.