Transfers from stocks and shares to cash ISAs to be banned under Autumn Budget reforms

The UK government is engaging bankers to review options for the struggling steel industry, responding to calls for potential mergers among major players in the sector. This initiative comes as the industry faces significant challenges, including rising energy costs and competition.

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.

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.