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The Latest Breaking News from Torsten Bell

What caused the NS&I missing savings errors and what to do if you’re affected

The state-owned savings bank owes nearly £500m to bereaved family members due to a long-running administrative problem* NS&I boss replaced as bank faces record payout over missing savings

The Guardian - UK

Woman tells of six-year wait to receive Premium Bonds after father’s death

Tracy McGuire-Brown said that to make the process ‘so difficult and so insensitive is just appalling’.

Evening Standard

Am I eligible for NS&I compensation after Premium Bonds scandal?

Up to £476 million in deposits was affected

The Independent UK

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NS&I boss leaves Premium Bonds bank over £470m missing savings scandal

Former HMRC boss Sir Jim Harra will replace Dax Harkins as the chief executive of NS&I to ‘provide a fresh start’

The Independent UK

NS&I faces paying hundreds of millions of pounds over bereaved families blunder

The Treasury-backed provider has found an issue where the estates of deceased customers were not always repaid money from all of their accounts.

Evening Standard

NS&I faces £400million compensation payout over savings scandal as 'prizes withheld from bereaved families'

The bank is accused of losing track of investments and delaying payments - and taxpayers could end up footing the compensation bill

Evening Standard

Tory bid to scrap fuel duty increase defeated in the Commons

Prices have been driven up following the US-Israel attacks on Iran.

Evening Standard

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Wales coach Steve Tandy left trapped in middle of toxic Ospreys and Cardiff saga

The Six Nations squad announcement was overshadowed by the doubt surrounding the regions’ futures, which is fast escalating into a civil war

The Guardian - UK

Why it’s ridiculous to call our new train system ‘Great’ British Rail

The name originated during the period of Boris Johnson boosterism. People no longer want Brexit triumphalism, but things that actually work, says Guardian columnist Martin Kettle

The Guardian - UK

OBR’s leak was the only leak Reeves wasn’t responsible for in pre-budget shambles

Chancellor tried a different approach to this budget, revealing all her plans and causing chaos before she even delivered it

The Guardian - UK

What Rachel Reeves could do to pension tax at the Budget

As the chancellor looks to bolster government funds, few options remain off the table

The Independent UK

Top member of Reeves’ Budget team previously backed plans to hit small businesses

Industry leaders say the government ‘would be out of its mind’ to adopt the proposals

The Independent UK

Mapped: Where 800,000 pensioners missed out on the winter fuel payment

Pensioners in rural areas are missing out the most, new analysis reveals

The Independent UK

Reeves considers breaking manifesto pledge with income tax rise to fill £30bn gap

Exclusive: Treasury discussions include possibly adding 1p to basic rate or raising higher or additional tax rates

The Guardian - UK

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The Independent UK

Is Reeves mounting a pensions tax raid at the Budget?

As the chancellor looks to bolster government funds, few options remain off the table

The Guardian - UK

Tax rises in, two-child limit out: what Resolution Foundation’s boss is urging Reeves before budget

Pensions triple lock should also go, says Ruth Curtice, a former civil servant who says it’s ‘nice to be allowed to say what you think’

The Independent UK

‘We just want enough to get by’: Hundreds of thousands of pensioners going without essentials

The Living Wage Foundation has said that 35 per cent of low income pensioners are relying on benefits, or money from friends and family to get by, as basic incomes are no longer enough to afford the basics

The Guardian - UK

Starmer tightens grip on economic policy by strengthening autumn ‘budget board’

Key figures from No 10 and No 11 appointed to group include Torsten Bell, new economic adviser Minouche Shafik and comms chief Tim Allan

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The Guardian - UK

Blame migrants, or blame the rich? That’s the populist divide in Britain’s politics now

Taxing the ultra-rich may be a vote winner, but it’s just as important to shift the conversation away from Reform’s immigration doom loop, says Guardian columnist Gaby Hinsliff

The Guardian - UK

Reshuffle gymnastics prepare Starmer to walk tricky budget tightrope

Economists say new team could help push back against Treasury but PM needs to spell out what he stands for

The Guardian - UK

Rachel Reeves is under immense pressure. She must not waste her chance to ‘go big’

Chancellor needs to reform an out-of-kilter tax system without alienating voters or spooking financial markets

The Independent UK

New winter fuel payment laws show who is eligible – and who will miss out

Around two millions pensioners will still lose out this year

The Independent UK

Rachel Reeves warned against cutting tax-free pension lump sum as she seeks to raise billions

Currently, pensioners can take out a quarter of their pension pot tax-free, with a cap of £268,000 – but that could change as Reeves attempts to claw back billions

Evening Standard

Treasury minister fails to rule out hitting homeowners with capital gains tax

Chancellor Rachel Reeves is reportedly considering ending capital gains tax relief for people selling high-value homes

The Independent UK

Homeowners could be hit with new tax as Chancellor aims to fill ‘£41 billion shortfall’

Rachel Reeves could end capital gains tax relief for people selling high-value homes

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