Treasury Defends £300 Annual Charge for Drivers Covering 10,000 Miles Under New Road Tax Plan Monday, June 22, 2026 treasury electricvehicles cartax roadcharge evadoption fuelduty sustainability transporttax charginginfrastructure governmentpolicy sport HM Treasury has defended its introduction of a £300 annual charge for drivers traveling 10,000 miles under a new 3p-per-mile road usage charge announced in the autumn budget. Scheduled to take effect in 2028, this initiative … Read More
Rachel Reeves Introduces £2,000 Pension Contribution Cap for Higher Earners Monday, June 22, 2026 pensions salarysacrifice tax retirement treasury reforms reeves policy hmrc savings Rachel Reeves, the Labour Party Chancellor, has announced a significant change affecting nearly three million workers with a new £2,000 cap on pension contributions made through salary sacrifice schemes. Set to come into … Read More
HMRC Targets 144,000 Savers with £5,000+ Tax Demands on Savings Interest Monday, June 15, 2026 hmrc tax savings interest cashisa treasury investment finance taxation savers HM Revenue & Customs (HMRC) is intensifying its efforts to collect tax from savers, sending £5,000-plus tax demand letters to 144,000 individuals. According to data obtained through a Freedom of Information request, the … Read More
Well-Off State Pensioners Face HMRC Tax Bills Totaling £9,320 Tuesday, June 9, 2026 pensions statepension tax hmrc retirement income fiscaldrag government ajbell treasury Well-off pensioners are seeing their tax burdens rise sharply as they pay thousands more to HMRC just to maintain their lifestyles. Recent analysis by Pensions UK shows that Department for Work and Pensions (DWP) state … Read More
Rachel Reeves’ Bank Rule Changes May Limit Consumer Compensation Access Wednesday, June 3, 2026 compensation banking consumerprotection financialservices legislation treasury regulation consumercredit ombudsman vulnerability Rachel Reeves’s proposed changes to banking regulations could significantly reduce consumers’ access to compensation by weakening key protections. The planned overhaul, part of the Treasury’s Enhancing Financial Services … Read More
Graduates Deemed ‘Cash Cows’ to Support State Pensioners, MPs Hear Wednesday, June 3, 2026 graduates studentloans debt intergenerational government education funding reform policy treasury Debt-ridden graduates are increasingly being viewed as ‘cash cows’ to finance the lifestyles of older generations, MPs were told during a Commons Treasury select committee session. On Tuesday, seven experts gave evidence on … Read More