The Real Living Wage (RLW) has increased to £9.50 per hour across the UK. The Living Wage Foundation, the charity which sets the voluntary wage, has raised the national RLW rate by 20p to £9.50 an hour. The London RLW has risen by 10p to £10.85 per hour. The increase will benefit over 250,000 people working for almost 7,000 […]

The Public Accounts Committee (PAC) identified more than £1 billion worth of fraud in the government’s coronavirus (COVID-19) Bounce Back Loan Scheme (BBLS) during the first six months of the scheme being in operation. In a letter to the PAC, which has been looking at the operation of the Bounce Back Loan Scheme, Catherine Lewis […]

The Financial Conduct Authority (FCA) is proposing further support for consumer credit borrowers affected by the coronavirus (COVID-19). The UK’s financial regulator announced tailored measures for consumer credit borrowers in September and said it would keep them under review as the situation evolved. With a second national lockdown starting today, it has made further proposals. […]

Chancellor Rishi Sunak will set out a one-year Spending Review on 25 November as the government continues to tackle the economic slump caused by the coronavirus (COVID-19) pandemic. The Spending Review will set departments’ resource and capital budgets for 2021/22, and the Devolved Administration’s block grants for the same period. The Review will focus on three […]

The COVID-19 pandemic has changed the retirement plans of one in eight older workers, according to research by the Institute for Fiscal Studies (IFS). The think tank’s study was based on a survey of data from the English Longitudinal Study of Ageing (ELSA) COVID-19 survey covering some 10,000 people aged 50 and over. The findings […]