Edmund Greaves

Mixed-age couples face £1 billion hit from Government Pension Credit raid

Moneywise first reported on 15 January that some couples could lose out on up to £7,000 a year in benefit payments.

Now, the government has published its ‘impact assessment’ of the benefit change and found it stands to save up to £1 billion over the next five years due to the overhaul.

The government’s own data says up to 15,000 couples will be affected after the change is implemented on 15 May this year. The years after affect the following numbers:

Are family gangs behind pension scams?

The regulator has worked with other government agencies on Project Bloom, set up to tackle pension scams.

Project Bloom has identified a number of gangs with close family ties targeting pension savers. A number of criminal investigations into these family gangs are under way between TPR, government agencies and the police.

UK house prices fall 2.9% in January as Brexit saps confidence

Political uncertainty is weighing on prices as it puts people off making big decisions resulting in a subdued market. However, a resilient jobs market and wage growth are keeping the market from falling harder, says Halifax.  

The figures in Halifax bank’s latest house price index show 0.8% growth year-on-year for house prices.

Premier League footballers pay more than £1 billion in tax

The Premier League contributed a total of £3.3 billion in tax to the Treasury in 2016-17.

Premier League players themselves paid £1.1 billion of this, according to a report from accountancy firm EY. In total, the Premier League contributed £7.6 billion to the UK economy in 2016-17.