IHT revenue on track for ‘another record-breaking year’ The Treasury is on track for another record-breaking year of revenues from inheritance tax (IHT) as receipts for April to September hit £4.4bn, which is £100m higher than the same period last year. The increase represents an increase of 2.3 per cent, according to analysis from Evelyn Partners. Evelyn Partners head of …
Seven MPC members voted to leave interest rates untouched The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted to leave its base rate unchanged at 4%, a move widely anticipated by analysts and markets. In a meeting today, seven MPC members voted to leave interest rates at 4%, having decided to cut rates by 25bps at the last …
Inflation remains stuck at 3.8 per cent in August, highlighting the “sustained nature of UK price pressure”.The latest data from the Office for National Statistics found the consumer price index rose by 3.8 per cent in the 12 months to August 2025. This marks the same level as was reported in July. Food inflation increasing to 5.1 per cent in …
Core CPI also up to 3.8% The UK Consumer Prices Index (CPI) rose to 3.8% in the 12 months up to July 2025, according to data from the Office for National Statistics (ONS), up from 3.6% in June. This figure exceeded market forecasts, as economists surveyed by Reuters had anticipated a 3.7% figure instead. Core CPI rose by 3.8% year on year …
Dr Suzy Morrissey has been appointed by DWP to prepare an independent report ahead of the review. The government has today launched the third review of state pension age. First announced in July, the review will consider whether the rules around pensionable age are appropriate, based on the latest life expectancy data and other evidence. The government is set to …
The measure will bring unused pension funds and death benefits into the scope of inheritance tax from April 2027. The government has confirmed that it will bring most unused pension funds and death benefits into scope of inheritance tax from 6 April 2027, despite growing concerns from the pensions industry. First announced during the 2024 Autumn Budget, the draft legislation means that …
