Spanish parliament rejects government's 2026 spending plan

Energy advisers have alerted UK ministers to a potential gas supply crisis that could emerge by the end of the decade, urging immediate action to secure gas supply for homes and businesses during cold weather. The warning highlights the vulnerability of the UK's energy infrastructure amidst changing climate conditions and energy demands.

The UK government has announced that a salary sacrifice cap of £2,000 will be introduced in 2029, affecting the way basic rate taxpayers can manage their taxable income. This change is expected to impact only a small percentage of those currently utilizing salary sacrifice schemes, as 74% of basic rate taxpayers will remain unaffected.

Almost a third of individuals impacted by the 'loan charge' may see their debts eliminated as the government seeks to resolve a tax scandal associated with multiple suicides. This initiative reflects a significant shift in policy aimed at addressing the financial distress caused by the controversial tax measure.

The government has announced an expansion of the Help to Save scheme, which provides a 50% bonus to individuals on low incomes after two and four years of saving. This initiative aims to encourage more people to save and improve their financial stability.