-
Rachel Reeves announced a new youth guarantee scheme at Labour conference, offering paid work, apprenticeships, or college places to young people on Universal Credit for 18 months. The plan includes sanctions for refusal and aims to eliminate long-term youth unemployment, amid debates over funding and policy details.
-
Recent data shows nearly 950,000 UK youths aged 16-24 are NEET, the highest since 2014, with rising unemployment and inactivity. The government plans a youth guarantee scheme amid calls for reforms to support young people's employment and education prospects.
-
New UK government forecasts show the tax burden will peak at 38.3% of GDP by 2030/31, driven by increased welfare spending and frozen tax thresholds. The forecasts also predict higher government debt and inflation, with measures including extended threshold freezes and welfare reforms announced in the recent Budget.
-
The UK government announced a reduction in the annual cash ISA limit from £20,000 to £12,000 starting April 2027, excluding over-65s. The move aims to promote investment but faces criticism over its potential to discourage savings and increase complexity, with additional reforms to pension schemes and higher taxes on savings income.