Financial news

• Families in England hit by 70% cut in school uniform grant

  13-10-2019 09:28
  Cash-strapped councils stop financial support for clothing, pushing more parents into debtSupport offered to families to help with the cost of school uniforms has plummeted, with the vast majority unable to access any help at all, according to new analysis.Financial aid for uniforms has fallen by more than 70% across England since 2010. More than 80% of cash-strapped local councils now offer no assistance, blaming years of cuts. Data collected through the Freedom of Information Act reveals for t
  
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• Phantom debts that have come to haunt energy customers

  13-10-2019 08:00 via theguardian.com
  Bills for thousands are being sent out by Extra Energy, which ceased trading last yearLast month Michael Jennings received a text and a final statement, both on the same day, informing him that his dual-fuel account was in the red. The statement bore the logo, livery and customer services hotline of Extra Energy, which had supplied his home since 2016. The alarming thing was that Extra Energy ceased trading last November and the pensioner, along with its other customers, had been transferred to
  
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• Are we really being taxed until the pips squeak | Torsten Bell

  13-10-2019 07:31
  Britons all pay a lower rate of tax than they did in 50 years agoWho pays what tax on their earnings and how has that changed over time? The answers are crammed into the chart, showing the overall level of earnings paid in income tax and national insurance. Here are the key lessons.First, we’re all paying a lower rate of income tax than we would have done in the past – tax cuts have been political bread and butter for decades. Actual income tax revenues held up, but only because risi
  
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• Retirement and me: Man reveals struggle as he explains ‘I've no intention of retirement'

  13-10-2019 05:01 via feedproxy.google.com
  RETIREMENT AND ME is the weekly series which looks at how people are spending their time and money during - and as they approach - retirement. This week, one man tells his story about why he’s looking to work beyond state pension age and into his 70s.
  
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• State pension age change: Hope for 50s women as tens of thousands raised to fight scandal

  13-10-2019 01:01 via feedproxy.google.com
  TENS of thousands of pounds were raised in less than 24 hours by a crowdfunding page launched on Friday to help women born in the 1950s appeal an unsuccessful High Court battle against state pension age changes.
  
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