According to major media reports, the so-called ‘Bank of Mum and Dad’ is playing a major role in the UK housing market, helping young people buy homes earlier and at higher prices — particularly first-time buyers. In other words, for many people under 30 in the UK, homeownership is simply not realistic without financial help from parents.

Recently, the Department for Work and Pensions (DWP) issued a new statement announcing that, due to a historic state pension error, over 130,000 individuals have received a total of approximately £800 million in backdated state pension payments.

On 18 March 2025, the UK welfare system reached a turning point. Liz Kendall, Secretary of State for Work and Pensions, firmly announced in Parliament a ‘surgical’ reform of the social security system, aiming to strip £5 billion annually from public welfare spending. The sweeping reforms targets 34 different benefits, from disability allowances to chronic illness support.

As we move further into the digital age, many industries are gradually abandoning paper-heavy administrative processes in favour of streamlined, digital solutions. HMRC first introduced the concept of Making Tax Digital (MTD) in 2015, with the aim of phasing out paper-based tax returns and shifting to digital submissions via approved software — ushering in a system of real-time tax.

Temu to stop selling goods from China directly to US customers. House prices fall in April as stamp duty changes kick in. Milkshakes and lattes could be covered by sugar tax.

New tax rises warning as borrowing jumps in UK hit by tariff wars. Energy price cap set to fall in July, according to forecast. Retail sales see biggest rise for nearly four years.

With the new financial year, a series of tax increases announced in last autumn’s budget came into effect. These changes impact not only income tax, corporation tax, and capital gains tax but also pension reforms, national insurance adjustments, and taxation on high earners and new UK residents’ global income.

On the 26th March 2025, the Chancellor Rachel Reeves delivered the highly anticipated Spring Budget statement.

UK Prime Minister Sir Keir Starmer Paid £54,718 in Tax Last Year. Inflation continues to fall, more interest rate cuts are expected this year. Number of payrolled workers in UK fell by 78,000 ahead of budget tax rise

Pension Annuities: The Right Way to Relax and Get Paid After Retirement

UK Government Recorded a Surplus of £15.4 Billion in January – Is the Government Really Out of Money?

Today, let’s discuss how ecommerce sellers can seize the opportunity offered by AI tools to grow their business. 

Rachel Reeves may have to raise UK taxes in October. HMRC announces three new tax rules with millions of UK households warned.

Labour plans to implement a 2% wealth tax to generate additional billions of pounds in revenue.

Farmers Protest New Inheritance Tax Policies.

Do You Need to Pay Tax on Savings Interest in the UK? Today, we’ll provide detailed information on taxation of bank interest earnings.