Press Releases
DWP rejects 357,000 PIP claims amid surge in applications for the £691 disability benefit | Personal Finance | Finance

The DWP has turned down some 357,000 PIP (Personal Independence Payment) claims amid “unprecedented levels” of people applying for the disability benefit. Government figures show 356,810 people were refused PIP at the initial stage in the financial year from 2022 to 2023, with the number of rejected claims rising in recent years. Officials binned 201,000 […]

Updated: Dec 22, 2023
DWP Attendance Allowance: Pensioners with common conditions could claim extra £407 a month | Personal Finance | Finance

As many as 416,000 people are claiming Attendance Allowance from the DWP for the common condition, with the benefit worth £101 a week or £407 a month for some. Across Great Britain, there are now more than 1.4 million people over state pension, however, there are millions more people who are eligible but are still […]

Updated: Dec 22, 2023
State pension fraud update as DWP explains when it will check bank accounts | Personal Finance | Finance

The DWP has explained under what conditions it plans to check state pensioners’ bank accounts in its efforts to clamp down on benefit fraud. Pensions secretary Mel Stride told Parliament the proposed new powers will only be used in instances where there is “a clear signal of fraud and error”. He was responding to a […]

Updated: Dec 22, 2023
DWP £10 Christmas Bonus hasn’t risen for 51 years – check how much it should be worth now | Personal Finance | Finance

Each year, the (DWP) distributes a one-off tax-free £10 payment just before Christmas to people who get certain benefits, such as Pension Credit, in a specified qualifying week, which is normally the first full week of December. Charities are labelling the DWP’s annual Christmas Bonus as “insulting” in calls for the Government to “urgently address” the […]

Updated: Dec 22, 2023
Bank of England should ‘hang heads in shame’ as GDP decline to push economy into recession | Personal Finance | Finance

Experts have slammed the Bank of England for being “out of touch” as the revised GDP figures show that the UK economy is in serious danger of heading into a recession. Gross domestic product (GDP) fell by a revised 0.1 percent against the zero growth initially estimated, the Office for National Statistics (ONS) said. It […]

Updated: Dec 22, 2023
Falling interest rates, mortgages and MORE tax cuts – just how good is 2024 going to get? | Personal Finance | Finance

Then in the last month’s Autumn Statement, he hacked 2p off National Insurance, in a move that will benefit 27million workers from January 6. It’s amazing how the virtually impossible becomes eminently doable, when there is a general election looming. We can expect another “impossible” tax cut in the new year, as Hunt and Prime […]

Updated: Dec 22, 2023
’Tis the season to fight back against Jeremy Hunt’s tax raids – here’s how | Personal Finance | Finance

Hunt and Prime Minister Rishi Sunak have cast a shadow over Christmases past, present and future by freezing income tax and National Insurance thresholds for six years. The squeeze will continue all the way through to 2028, at which point we’ll be paying an extra £35billion a year in tax as a result. This will […]

Updated: Dec 22, 2023
State pensioners could have to pay tax on their payments in just two years’ time | Personal Finance | Finance

State pensioners may be looking forward to the amount they receive increasing in April but this brings them ever closer to paying tax on their payments. With the 8.5 percent increase in April, the full new state pension is increasing from £203.85 a week to £221.20 a week, or £11,500 a year. This is just […]

Updated: Dec 22, 2023
Principality Building Society launches new account paying ‘excellent’ 6% interest rate | Personal Finance | Finance

As the base rate remains high, Britons are encouraged to shop around for the best interest rates for their savings. The Principality Building Society has launched a new 2 Year Healthy Habits regular saver account this week which grabs a prominent position within its sector. Savers can benefit from six percent gross / AER fixed […]

Updated: Dec 22, 2023
Nationwide crisis as millions face having ‘no cash over Christmas’ | Personal Finance | Finance

Nationwide is facing a Christmas crisis as millions of customers face having no cash over the holiday season as thousands of transactions pend. The reason for this is that the bank is experiencing a technical issue which means transactions across the country are still pending. On Thursday the bank admitted that it did not know […]

Updated: Dec 21, 2023