Gossip: Everton join Grealish race
Everton are interested in England midfielder Jack Grealish, but any move might have to be a loan deal because of the 29-year-old's wages at Manchester City. (Daily Mail, external) Want more transfer stories? Read Monday's full gossip column Follow the gossip column on BBC Sport
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BBC News
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What do Portugal get for winning the Nations League?
Portugal earned 10.5m euros (£8.8m) as they won the 2025 Uefa Nations Spain on penalties in Sunday's final was worth 6m euros (£5.1m) alone, and they also made 4.5m euros (£3.8m) earlier in the competition via a combination of solidarity payments and from winning their top of that, their performances in the Nations League will contribute to their place in Fifa's world Spain, France and Germany - the semi-finalists in the 2023-25 Nations League - have also been guaranteed qualification play-off spots for the 2026 World Cup, should they fail to qualify directly from the any of the quartet qualify without needing the play-off spots, they will filter down to Nations League group winners from lower groups, which would benefit England and, potentially, Wales and Northern Ireland should results work in their article is the latest from BBC Sport's Ask Me Anything team. What is Ask Me Anything? Ask Me Anything is a service dedicated to answering your want to reward your time by telling you things you do not know and reminding you of things you team will find out everything you need to know and be able to call upon a network of contacts including our experts and will be answering your questions from the heart of the BBC Sport newsroom, and going behind the scenes at some of the world's biggest sporting coverage will span the BBC Sport website, app, social media and YouTube accounts, plus BBC TV and radio. More questions answered... When does the first summer transfer window close?How is the Ballon d'Or winner decided?When are the 2025-26 Premier League fixtures released?How many footballers have been knighted?
Sky News
25 minutes ago
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Tobacco giant BAT launches quest to smoke out next chairman
The FTSE-100 cigarette-maker British American Tobacco (BAT) is preparing to kick off the search for a new chairman. Sky News has learnt that the owner of Dunhill and Lucky Strike is in the process of picking headhunters to help identify a successor to Luc Jobin. Mr Jobin, a Canadian business veteran, has only chaired BAT since 2021. He has, however, been on its board since 2017, meaning he faces being 'timed out' by the middle of next year under UK corporate governance guidelines which state that directors are no longer deemed independent if they have served for more than nine years. The search for his successor is not expected to conclude until later this year or early 2026, according to insiders. With a market capitalisation of over £77bn, BAT remains one of the largest companies listed on the London Stock Exchange. It reported half-year results last week showing that full-year revenues were on track to exceed previous guidance to the City. The company's growth is being fuelled by so-called next-generation products such as Velo, a global brand of nicotine pouches. "In the US, I am very pleased that we expect to return to both revenue and profit growth in H1 and FY," Tadeu Marroco, BAT chief executive, said last week. "While Combustibles industry volume remains under pressure, we have stabilised our total industry volume and value share. "Excluding the deep discount segment where we are not present, we are gaining share, driven by Natural American Spirit and Lucky Strike."
Telegraph
25 minutes ago
- Telegraph
What the winter fuel payment changes mean for you
Will you miss out on winter fuel payment because your income is just above £35,000? Get in touch: money@ Rachel Reeves has U-turned on her controversial winter fuel payment plan, which saw the money removed from all but the poorest pensioners. The Chancellor had restricted the previously universal payments to just those receiving pension credit, removing the money from an estimated 10 million pensioners. From this winter, those over state pension age with an annual income of less than £35,000 will be able to benefit from the payment – the Treasury says this will include more than three quarters of pensioners in England and Wales. Those under the age of 80 can expect £200 per household, while those over the age of 80 can get an extra £100. However, those earning more than £35,000 will pay back the money to HM Revenue and Customs through their tax bills. Mrs Reeves said: 'Targeting winter fuel payments was a tough decision, but the right decision because of the inheritance we had been left by the previous government. It is also right that we continue to means-test this payment so that it is targeted and fair, rather than restoring eligibility to everyone including the wealthiest. 'But we have now acted to expand the eligibility of the winter fuel payment so no pensioner on a lower income will miss out. This will mean over three quarters of pensioners receiving the payment in England and Wales later this winter.' The Government estimates that the new iteration will still save £450m a year, compared to restoring the payment to every pensioner, since there are an estimated two million pensioners with incomes above £35,000. The clawback mechanism is similar to the high income child benefit charge, which sees families on more than £60,000 hand back some, or all, of their child benefit payments. Here, Telegraph Money explains what the new winter fuel payment rules mean for you. What has changed? Rachel Reeves announced last summer that she was removing the £200 winter fuel payment from pensioners who were not in receipt of pension credit, as she looked to fill holes in the public purse. But this proved deeply controversial, as millions of pensioners missed out, with many struggling to cover high energy prices. The change also drove a huge surge in applications for the pension credit, with 285,600 pensioners applying between July last year and the end of May, an increase of 51pc. This saw delays of as long as 87 days for those waiting to be approved for the benefit. Campaign groups said that restricting eligibility to those receiving pension credit made some of the very poorest pensioners worse off, as many were just above the threshold for the benefit. The Government has now changed its mind. According to the latest announcement, this winter will see all pensioners over state pension age paid the £200 or £300 – but those who are not eligible to keep it will pay it back to HMRC. The annual income threshold has been set at £35,000. This means that nine million pensioners will receive the payment this year, compared to approximately 1.5 million last year. It is not clear whether the threshold will be increased annually with inflation, or linked to increases in the so-called 'triple lock', which sees the state pension increased by one of three measures each year. How to claim? Pensioners will not need to actively claim the payment, as it will be made automatically – but it will be possible to opt out. There will be no need to register with HMRC to receive the payment. Pensioners will be eligible if they have reached state pension age – currently 66 – by the qualifying week, which this year will be September 15 to September 21. How will it be paid back if I earn more than £35,000? If you earn more than £35,000, the payment will be clawed back through your tax bills. The Government says this will be done through the PAYE system, or via self-assessment. Sir Steve Webb said that for those with large company pensions, which are taxed through PAYE, this should be relatively easy for the Government to administer. If you earn over the threshold, the entire payment will be claimed back through your tax bills, with no taper. Is winter fuel allowance per person or household? Confusingly, the winter fuel payment is paid per household, but the earnings clawback is calculated individually. This means that a household will receive no more than £300 (for those over the age of 80), but each person's income is used to determine whether their half of the payment is removed via tax. I live alone. What happens if I earn just over £35,000? While someone who lives alone will be paid the full £200, or £300 if they're over 80, having an income of over £35,000 would mean the full winter fuel payment is taken back via tax. For those earning just over the threshold of £35,000, it might be worth considering reducing what you're taking from a pension pot. Alice Haine, of Bestinvest, said: 'Ultimately, for pensioners earning just above the £35,000 threshold, the latest news will be disappointing. Some may even choose to reduce their income from private pensions if it means they can just skim under the threshold to receive the payment.' What happens if I earn more than £35,000 but my spouse doesn't? If one pensioner in a household earns more than the threshold and the other doesn't, then £100 will be clawed back by HMRC from the higher earner. This is because the allowance is paid on a household level, so if there are two pensioners living in the same home, then it is split equally between them. This means that households where one pensioner earns £100,000 and the other earns £34,000, would receive £100 in winter fuel payment. The other £100 would be paid back through the tax system. Can I get the winter fuel payment if I am a millionaire? You could technically be a millionaire and keep the winter fuel payment if your income is less than £35,000. Even if a pensioner is asset rich, with a large home or pension pot, if their annual income for tax purposes is below the threshold, they will still be permitted to keep the payment. Sarah Coles, of Hargreaves Lansdown, said: 'The balance of property assets and pension income for older people can leave them wealthy on paper, and yet seriously strapped for cash on a daily basis. In the short term, things like the winter fuel payment can help.' Some millionaires don't believe they should receive the payments at all. Digby Harper, 79, a retired manufacturing company owner, said that he would not have the winter fuel payment restored, having sold his business for several million pounds when he retired. He said: 'As far as I am concerned, it's perfectly ok. I can't see why they gave me that money in the first place. I just don't need it. 'My wife used to describe it as her 'wine allowance'. I think it's a trivial issue. It's a big political issue but it's a nonsense.' How much do I get if I am over 80? Those over the age of 80 receive an additional £100 in winter fuel payment. For single pensioners, or households where both people are over 80, this would mean a payment of £300. In households with one pensioner under the age of 80 and one over, payments will be made of £100 and £150 respectively, sources at the DWP confirmed. This means that a total of £250 will be paid to mixed-age households. If either pensioner is over the income threshold, then their share would be clawed back. If both pensioners earn over the threshold, all £250 would be clawed back. Can I opt out? Pensioners will be able to opt out of receiving the payment at all, if they so choose. For those earning more than £35,000, this means that no additional money will be claimed by HMRC. More details about how pensioners can opt out will be announced by the Government at a later date. This is similar to how parents can opt out of receiving child benefit payments, if they earn over the threshold and would have to repay it. Opting out of child benefit can be done using an online form on the Government website, or by phone or post. As of August last year, more than 712,000 families had opted out of receiving child benefit payments.
