Savings from triple lock pension reform to take over a decade September 30, 2026 Planned reforms to the triple lock on pensions will need 14 years before delivering savings worth more than £10bn, new government analysis has shown, as the Prime Minister admitted there was a “shortfall” in plans to fund a new National Care Service. At his flagship Labour conference speech on Tuesday, Andy Burnham announced that he [...]
Manchester City hierarchy must also be punished if guilty, says former FA chief September 30, 2026 Manchester City chiefs must face personal punishments if the findings that they orchestrated almost £1bn of secret payments to the club are upheld, according to former Football Association boss Mark Palios. City say they intend to appeal the decision made by an independent commission that all but one of more than 100 charges brought by [...]
Greggs puts 740 jobs at risk as baker braces for worse inflation September 30, 2026 Greggs has announced a shakeup of its manufacturing processes which could lead to the closure of four factories and cost 740 jobs, as the baker warns of “greater inflationary pressures” across its business. The sausage roll seller told shareholders on Wednesday that it is consulting on a move to consolidate its manufacturing operations, which would [...]
UK disposable income rises as benefits payouts soar ahead of wages September 30, 2026 The average UK household’s disposable income increased in the second quarter of the year driven by a rise in benefit payouts. Real household disposable income per head – which measures the average spending and saving capacity of Brits – increased by one per cent in the second quarter to £6,577, new figures from the Office [...]
Economists warn of tax hikes after Burnham admits social care funding ‘shortfall’ September 30, 2026 Andy Burnham has admitted there may be a “shortfall” in his ambitious plans to fund a new national care service, as economists warn that taxes will have to rise. Burnham announced plans to adjust the triple lock from 2030, effectively creating a double lock, using the savings to fund the new service. The new mechanism [...]
Bank of England’s Taylor: No need for interest rate hike September 30, 2026 Bank of England official Alan Taylor has downplayed the need to raise interest rates in the face of the looming energy crisis, saying he saw no evidence that price rises from an initial jump in fuel costs were filtering into the wider economy. External Monetary Policy Committee member said the case for rate hikes was [...]
Reform UK and Tories attack Burnham’s triple lock pension move September 29, 2026 Reform UK and Tory leaders have hit out at Andy Burnham’s plans to drop the triple lock on pensions in a future Labour manifesto, setting up a clash on a policy which previously had the backing of all major political parties. On Tuesday, the Prime Minister said he would lead his party on a pledge [...]
Manchester City bombshell verdict finds club hid over £900m in secret funding September 29, 2026 The Premier League has published damning details of the long-awaited verdict in the Manchester City case, which found the club cooked the books to the tune of nearly £1bn for almost a decade. An Independent Commission said that City used “sham” schemes to artificially inflate revenue and reduce costs by more than £900m during the [...]
End of triple lock: What is the double lock and will it work? September 29, 2026 Andy Burnham has pledged to drop the triple lock on state pensions for a so-called ‘double lock’ in Labour’s next manifesto in order to pay for his new National Care Service. In an address to party members, Burnham confirmed the existing triple lock mechanism will remain in place for the remainder of this parliament before [...]
Burnham pledges to reform triple lock to fund new National Care Service September 29, 2026 Andy Burnham has said Labour will drop the triple lock on state pensions in its manifesto for the next election in order to fund a sweeping new National Care Service. In his address to party members, Burnham said the party would link a rise in the state pension to inflation or 2.5 per cent every [...]