A year of Labour - how has Rachel Reeves fared with our finances? This is Money podcast
So, how have Keir Starmer and his Chancellor Rachel Reeves performed in the past year?
This week, Simon Lambert, Lee Boyce and Georgie Frost discuss the first 365 days and run the rule over the financial decisions shaping the country.
Have their been any hits? What mistakes have been made? And what happens next?
It appears one change afoot is a tinkering with tax-free allowances. It's likely the Chancellor will confirm a cut to the £20,000 cash Isa limit on 15 July - but is it a wise move?
This week, the IFS has warned those born in the 1990s might face a state pension retirement age of 74 if the triple lock remains - so what alternative options are there?
And why does the influential independent economics research institute want want the Government to guarantee state pension will never be means tested?
Lastly, what puts sellers off buying a home most? Is it bad smells, clutter, structural problems... or something else?
The team discuss what could be stopping a sale, and tips for getting a property to shift.
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Rhyl Journal
29 minutes ago
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King and Prime Minister lead nation remembering horror of July 7 bombings
In a message to mark the 20th anniversary of the attacks, Charles said comfort can be taken from the 'spirit of unity' in London and the country more broadly, which has allowed the nation to heal. Meanwhile, Sir Keir Starmer said 'those who tried to divide us failed' adding 'we stood together then, and we stand together now'. On July 7 2005, four suicide bombers struck the capital's transport network, killing 52 people and injuring more than 770 on three London Underground trains and a bus. The King has asked for the country to reaffirm its commitment to building a society of all faiths and backgrounds, standing against those who seek to divide us. He said: 'Today, as we mark 20 years since the tragic events of 7th July 2005, my heartfelt thoughts and special prayers remain with all those whose lives were forever changed on that terrible summer's day. 'We remember with profound sadness the 52 innocent people who were killed in senseless acts of evil – and the enduring grief of their loved ones. 'We recall, too, the hundreds more who carry physical and psychological scars, and pray that their suffering may ease as the years pass. 'In doing so, we should also remember the countless stories of extraordinary courage and compassion that emerged from the darkness of that day. 'The selfless bravery of our emergency services, transport workers, and fellow citizens who rushed towards danger to help strangers reminds us of the very best of humanity in the face of the very worst.' Other members of the royal family are to join services and memorials to mark the anniversary. On behalf of the King, The Duke and Duchess of Edinburgh will attend the National Service of Commemoration at St Paul's Cathedral from 11.30am on Monday. The King also stressed the importance of communities coming together in times of adversity. He said: 'While the horrors will never be forgotten, we may take comfort from the way such events rally communities together in solidarity, solace and determination. 'It is this spirit of unity that has helped London, and our nation, to heal. 'As we remember those we lost, let us therefore use this 20th anniversary to reaffirm our commitment to building a society where people of all faiths and backgrounds can live together with mutual respect and understanding, always standing firm against those who would seek to divide us.' Sir Keir said: 'Today the whole country will unite to remember the lives lost in the 7/7 attacks, and all those whose lives were changed forever. 'We honour the courage shown that day— the bravery of the emergency services, the strength of survivors, and the unity of Londoners in the face of terror. 'Those who tried to divide us failed. We stood together then, and we stand together now— against hate and for the values that define us of freedom, democracy and the rule of law.' Home Secretary Yvette Cooper said: 'Twenty years have passed since 7/7 but the passage of time makes what happened that day no less shocking. It was an appalling attack on our capital city and on democracy itself. 'As we come together to mark this anniversary, my thoughts remain with the victims, survivors and all who loved them. Amid the horror of that day, we saw the best of people, our emergency services, first responders and ordinary Londoners who bravely acted to help one another. Their courage continues to inspire us. 'We will always confront the threats facing this country to keep the public safe and preserve our way of life.'
Rhyl Journal
30 minutes ago
- Rhyl Journal
National Wealth Fund to put £28m into carbon capture project
Energy Secretary Ed Miliband has said that workers in 'Britain's manufacturing heartlands' will benefit from the investment in the Peak Cluster works. Peak Cluster is working towards a pipeline that will take carbon emissions from cement and lime companies in the Peak District and store them below the Irish Sea. The £28.6 million is coming from the National Wealth Fund (NWF) a body announced by the Government last year with £27.8 billion to invest in clean energy and growth industries, in the hope of catalysing other private investment. Peak Cluster is also backed by £31 million from the private sector, the Treasury said, and will be the NWF's first investment in carbon capture, since Rachel Reeves said in March that it should be a priority. The Chancellor said: 'We're modernising the cement and lime industry, delivering vital carbon capture infrastructure and creating jobs across Derbyshire, Staffordshire and the North West to put more money into working people's pockets.' Energy Secretary Ed Miliband described the investment as a 'landmark' that could help 'deliver thousands of highly skilled jobs'. 'Workers in the North Sea and Britain's manufacturing heartlands will drive forward the country's industrial renewal, positioning them at the forefront of the UK's clean energy transition,' he added.
North Wales Chronicle
34 minutes ago
- North Wales Chronicle
King and Prime Minister lead nation remembering horror of July 7 bombings
In a message to mark the 20th anniversary of the attacks, Charles said comfort can be taken from the 'spirit of unity' in London and the country more broadly, which has allowed the nation to heal. Meanwhile, Sir Keir Starmer said 'those who tried to divide us failed' adding 'we stood together then, and we stand together now'. On July 7 2005, four suicide bombers struck the capital's transport network, killing 52 people and injuring more than 770 on three London Underground trains and a bus. The King has asked for the country to reaffirm its commitment to building a society of all faiths and backgrounds, standing against those who seek to divide us. He said: 'Today, as we mark 20 years since the tragic events of 7th July 2005, my heartfelt thoughts and special prayers remain with all those whose lives were forever changed on that terrible summer's day. 'We remember with profound sadness the 52 innocent people who were killed in senseless acts of evil – and the enduring grief of their loved ones. 'We recall, too, the hundreds more who carry physical and psychological scars, and pray that their suffering may ease as the years pass. 'In doing so, we should also remember the countless stories of extraordinary courage and compassion that emerged from the darkness of that day. 'The selfless bravery of our emergency services, transport workers, and fellow citizens who rushed towards danger to help strangers reminds us of the very best of humanity in the face of the very worst.' Other members of the royal family are to join services and memorials to mark the anniversary. On behalf of the King, The Duke and Duchess of Edinburgh will attend the National Service of Commemoration at St Paul's Cathedral from 11.30am on Monday. The King also stressed the importance of communities coming together in times of adversity. He said: 'While the horrors will never be forgotten, we may take comfort from the way such events rally communities together in solidarity, solace and determination. 'It is this spirit of unity that has helped London, and our nation, to heal. 'As we remember those we lost, let us therefore use this 20th anniversary to reaffirm our commitment to building a society where people of all faiths and backgrounds can live together with mutual respect and understanding, always standing firm against those who would seek to divide us.' Sir Keir said: 'Today the whole country will unite to remember the lives lost in the 7/7 attacks, and all those whose lives were changed forever. 'We honour the courage shown that day— the bravery of the emergency services, the strength of survivors, and the unity of Londoners in the face of terror. 'Those who tried to divide us failed. We stood together then, and we stand together now— against hate and for the values that define us of freedom, democracy and the rule of law.' Home Secretary Yvette Cooper said: 'Twenty years have passed since 7/7 but the passage of time makes what happened that day no less shocking. It was an appalling attack on our capital city and on democracy itself. 'As we come together to mark this anniversary, my thoughts remain with the victims, survivors and all who loved them. Amid the horror of that day, we saw the best of people, our emergency services, first responders and ordinary Londoners who bravely acted to help one another. Their courage continues to inspire us. 'We will always confront the threats facing this country to keep the public safe and preserve our way of life.'
