The Winter Fuel Payment (WFP) is an annual, tax-free government payment aimed at helping people of pension age in England and Wales meet the costs of heating their homes during colder months. Administered by HM Revenue & Customs (HMRC), the WFP is
London (Parliament Politics Magazine) – British food giant Bidcorp urges Chancellor Rachel Reeves to ease tax pressure, warning that higher duties on food firms may burden consumers. As reported by The Telegraph, food industry leaders warn Rachel Reeves against tax hikes on
UK (Parliament Politics Magazine) – Nationwide says UK property values rose 0.5% in September, with semi-detached homes leading, while Northern Ireland led yearly growth at 9.6%. As reported by The Independent, Nationwide Building Society said the average Britain house price climbed 0.5%
UK (Parliament Politics Magazine) – National Crime Agency and Law Society warn of rising home sale scams, with average losses of £82,000, urging stronger protections in the legal sector. As reported by The Independent, a new campaign warns of scams targeting homebuyers,
London (Parliament Politics Magazine) – BT CEO Allison Kirkby says UK telecoms face government costs 10x higher than Europe, warning the industry is at “peak” costs ahead of November’s budget. As reported by The Guardian, BT’s chief executive warned that telecom operators
UK (Parliament Politics Magazine) – The Institute for Government, funded by Lord Sainsbury, urges Labour to raise taxes on the middle class rather than the wealthy to cover a £30bn budget gap. As reported by The Telegraph, Chancellor Rachel Reeves faces calls
UK (Parliament Politics Magazine) – Great Britain’s energy operator Neso boosts real-time monitoring and protocols to prevent blackouts, ensuring grid resilience after Iberian outages. As reported by The Guardian, Great Britain’s energy operator Neso said it has upgraded grid monitoring to future-proof
UK (Parliament Politics magazine) – OpenAI and NVIDIA have announced a landmark partnership to deploy at least 10 gigawatts of NVIDIA systems, representing millions of GPUs, for OpenAI’s next-generation AI infrastructure. NVIDIA plans to invest up to $100 billion progressively as each
UK (Parliament Politics magazine) – UK pension savers withdrew a record £70.9 billion from retirement pots in 2024-25, up nearly 36% from the previous year, amid widespread “fear and rumour” about impending budget changes. Experts cautioned against rash decisions driven by speculation
Birmingham (Parliament Politics magazine) – Martin Lewis has warned UK households with savings of £10,000 or more that they could face increased taxation, not on the savings themselves but on the interest generated from those savings. He explains the personal savings allowance