https://birminghamdaily.co.uk/tags/economicpolicy/Recent content in economicpolicy on Birmingham DailyHugo -- gohugo.ioen-usMon, 29 Jun 2026 05:35:33 +0000https://birminghamdaily.co.uk/andy-burnhams-blueprint-for-devolving-dwp-benefits-to-mayors-revealed-ahead-of-prime-ministership/Mon, 29 Jun 2026 05:35:33 +0000https://birminghamdaily.co.uk/andy-burnhams-blueprint-for-devolving-dwp-benefits-to-mayors-revealed-ahead-of-prime-ministership/A leaked plan detailing Andy Burnham’s approach to reforming Department for Work and Pensions (DWP) benefits and tackling the welfare bill has surfaced as he prepares to become the Labour Party’s next Prime Minister. Burnham, currently the Greater Manchester Mayor, is set to unveil a strategy that would devolve considerable powers and funding to regional mayors, empowering them to spearhead efforts to get more people into work and reduce reliance on welfare.https://birminghamdaily.co.uk/rachel-reeves-slashes-car-tax-to-1-for-thousands-grants-hauliers-12-month-road-tax-holiday/Sun, 31 May 2026 06:06:56 +0000https://birminghamdaily.co.uk/rachel-reeves-slashes-car-tax-to-1-for-thousands-grants-hauliers-12-month-road-tax-holiday/Rachel Reeves, the Labour Party Chancellor, has announced a significant reduction in car tax, cutting it to a nominal £1 for thousands of drivers. In a move aimed at supporting the transport sector amid ongoing geopolitical tensions, hauliers are set to receive a 12-month road tax holiday, potentially saving up to £912 per vehicle. This decision comes as part of a broader economic strategy to ease the financial burden on drivers and businesses following the disruption caused by the conflict between the United States and Iran.https://birminghamdaily.co.uk/plan-proposed-for-10p-fuel-duty-cut-until-spring-2027-to-ease-household-costs/Thu, 07 May 2026 06:23:27 +0000https://birminghamdaily.co.uk/plan-proposed-for-10p-fuel-duty-cut-until-spring-2027-to-ease-household-costs/A prominent think tank has called on the UK government to cut fuel duty by 10p per litre until spring 2027 as part of a broader strategy to protect households from rising costs linked to the conflict in Iran. The Institute for Public Policy Research (IPPR) recommends additional measures, including capping speed limits and introducing a new energy price cap set at £2,000 annually, to mitigate the impact on consumers.