Ministers line up bankers to review options for UK steel industry

Chancellor Rachel Reeves has confirmed a temporary solution for pensioners who may face income tax on their state pension, stating that those relying solely on this pension will not incur tax until the end of the current parliamentary term. This decision comes as the new state pension is projected to exceed the tax-free personal allowance in the coming years.

Premier League clubs are set to face increased wage bills following the government's budget announcement that image rights payments will be taxed at 45% starting April 2027. This change will significantly impact many top-flight players, as several already have clauses that make clubs liable for these payments.

The government has announced plans to ban transfers from stocks and shares ISAs to cash ISAs as part of the upcoming Autumn Budget reforms, aiming to discourage the use of cash ISAs. This decision reflects a broader strategy to shift savings behavior among the public.

Pub bosses have expressed concerns over a significant increase in business rates, estimating a potential cost of £62,000 despite government support measures. This rise in expenses comes at a time when the hospitality sector is still recovering from the impacts of the pandemic.