PIP payments set to be divided into six tiers in bid to cut benefits bill

[ Ministers are considering replacing Personal Independence Payments (PIPs) with a new six-tier system of disability benefits that would see many recipients receiving less money than now. A Government green paper on replacing PIPs proposes offering benefits to people according to their individual condition and specific needs. The tier system would be based on a … Read more

Millions still owed in state pension underpayments

[ The Government has paid out £571.6m in underpaid state pension payments, after nearly 100,000 pensioners were left short-changed. The Department for Work and Pensions (DWP) identified 97,016 state pension underpayments between January 2021 and February 2024, with each underpayment worth £5,900 on average, new data shows. However, estimates suggest the scale of the issue … Read more

Mortgage deals increase by hundreds of pounds a year as lenders pull cheaper rates

[ Lenders are pulling mortgage rates at the quickest rate for six months, with customers facing costs totalling hundreds of pounds per year more a result. The average shelf-life of a mortgage has nearly halved since the start of February, according to data from Moneyfacts, with the average deal on the market for only 15 … Read more

DWP under fire as 50,000 overturn disability benefit decisions without new evidence

[ The Government has been accused of forcing disabled people into courts for no reason after it emerged that tens of thousands had benefit decisions overturned without any new evidence required. Figures show 50,000 people seeking Personal Independence Payments (PIP) had an initial refusal overturned at tribunal without the need for new evidence. The Government … Read more

Channel 4 plan to quit London HQ and cut 240 jobs as advertising slumps

[ Channel 4 will move out of its cental London base and slash almost 240 job cuts after a slump in spending by advertisers. The job cuts represent about 18 per cent of the 1,300 workforce of full-time staff. Channel 4 will move out of its 40 year-old Horseferry Road HQ in Westminster and “find … Read more

UK economy grew by 0.3% in November

[ The economy grew by 0.3 per cent in November, new figures from the Office for National Statistics (ONS) show. The ONS said the services sector was the main contributor to the monthly growth in Gross Domestic Product (GDP). Services output grew by 0.4 per cent in November 2023, following a fall of 0.1 per … Read more