UK Chancellor Announces Tax Cuts for Growth & Jobs #AutumnStatement #economicgrowth #Productivity #taxcuts #UKChancelloroftheExchequer

UK Government's £299 Cost of Living Boost

  Providing Relief Across the UK

This third of up to three Cost of Living Payments will be disbursed to eligible individuals receiving means-tested benefits between February 6 and February 22. It forms a critical component of a comprehensive support package that has provided much-needed relief to households since July 2022.   A Closer Look at the Support Package The announcement of the £299 Cost of Living Payment comes in the wake of the government's commitment to allocate £104 billion to cost of living support between 2022 and 2025, as outlined in November's Autumn Statement. This substantial allocation, equating to approximately £3,700 per household, encompasses various measures: - Uprating benefits by 6.7% - Increasing the state pension by 8.5% - Elevating the Local Housing Allowance by £7 billion  

Shaping a Brighter Economic Future

The government's approach reflects a pivotal shift in economic policy. The focus is transitioning from a period of significant government intervention, high spending, and borrowing to a new era characterized by long-term decision-making aimed at strengthening the economy and empowering individuals and families to build a more prosperous future.  

Next-Generation Welfare Reforms

As part of this commitment, the Department for Work and Pensions (DWP) plans to introduce the next generation of welfare reforms, encompassing comprehensive employment and health support. The £2.5 billion Back to Work Plan aims to benefit over a million people, including individuals with disabilities, health conditions, or a history of long-term unemployment. A pivotal element of this plan is the Chance to Work Guarantee, which will remove barriers to employment for numerous claimants, offering them the opportunity to work without the fear of reassessment or the loss of health benefit top-ups.   Automatic Payments for Eligible Recipients The £299 Cost of Living Payment for February 2024 will be automatically processed by the DWP and HM Revenue and Customs. Eligible recipients need not apply or take any action to receive this payment.   A History of Support for Vulnerable Households The government's efforts to support vulnerable households have yielded results. Since 2010, there has been a reduction of 1.7 million households in poverty. As part of ongoing support, the Local Housing Allowance increase, set to benefit thousands, will come into effect in April 2024. This £7 billion investment over five years will provide an £800 annual boost to approximately 1.6 million households. Additionally, the DWP encourages low-income pensioners who have not yet received Pension Credit to check their eligibility, as they may still qualify for the February cost-of-living payment.   Key Details for Eligibility For individuals wondering if they are eligible for the Cost of Living Payment, here are some important details: - Recipients' bank accounts will use their National Insurance Number followed by DWP COL as the payment reference. The HMRC payment reference will be HMRC COLS. - To qualify for the Cost of Living Payment from DWP, individuals must have received a payment for a qualifying benefit between November 13 and December 12 or at the end of an assessment period within these dates. - The full list of benefit recipients that qualify for the third Cost of Living Payment includes those who receive Universal Credit, income-based Jobseeker’s Allowance, income-related Employment and Support Allowance, Income Support, Working Tax Credit, Child Tax Credit, or Pension Credit.   A Supportive Future The £299 Cost of Living Payment is a vital part of the ongoing efforts to provide much-needed financial relief to households across the UK. It is one of three means-tested Cost of Living Payments made over the course of 2023/24, with a total value of up to £900. The government's commitment to supporting vulnerable families extends to England's councils, with a substantial £842 million extension to the Household Support Fund, aiming to provide the further cost of living support. For additional information, recipients can refer to the Department for Work and Pensions press notice on the £2.5 billion welfare reforms announced in the Autumn Statement here. The Chancellor's Autumn Statement is also available here. Eligibility details can be found above, and any queries can be reported through gov.uk starting from February 23.   Sources: THX News & Department for Work and Pensions. Read the full article

Autumn Statement: Boosting Economic Growth & Reducing Corporation Tax Should Be The Priority

The #AutumnStatement and Titanic Plum Porter #Pontypridd

Nuclear Free Local Authorities welcome energy efficiency plans, but deplore costly Sizewell C nuclear build at the public's expense

Nuclear Free Local Authorities welcome energy efficiency plans, but deplore costly Sizewell C nuclear build at the public’s expense

Whilst the Nuclear Free Local Authorities welcome the Chancellor’scommitment to invest billions more in home energy-efficiency, albeit tooslowly, his backing for Sizewell C is a blow. In today’s AutumnStatement, Chancellor Jeremy Hunt announced a further £6 billion for homeinsulation from 2025 and has given the green light to the go ahead atSizewell C saying that contracts will be signed with…

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The most Gulf Coast sentence ever

“I’m just gonna call in to fucking work; ain’t got time for these hurricanes.“ - @autumnstatic

Please stay safe, nola friends.

Best Birthday Ever + NOLA Pride 2018 Ft. @autumnstatic!

UK Chancellor Announces Tax Cuts for Growth & Jobs #AutumnStatement #economicgrowth #Productivity #taxcuts #UKChancelloroftheExchequer

Post ten gifs from ten of your favorite movies, without revealing the titles!

I was tagged by the high priestess of cinematographic thirst relief @miztification

I tag @sora2522 @johntravoltaslacefront @lurraisinhiding @autumnstatic @reflectingiridescent @khymeira @mathbender and anyone who loves movies 8]

Autumn Statement: The NHS is Failing, and the Government Has Finally Taken Note

This year’s Autumn Statement outlined ambitious plans to abolish the deficit, introduced a new tax on multinationals and also saw an overhaul of stamp duty. But one note was unforeseen and while generous, worrisome, as well.

It is no news that the NHS has been facing capacity challenges in the face of an aging population – just one week ago, the NHS reported a record 108,301 patients had been admitted for emergency treatment in just seven days.

Six months into the financial year, more than three-quarters of all acute hospitals have a net deficit of £714m, according to The Guardian. Hospitals are also failing to achieve the four-hour target in A&E departments and there has been a steady decline in overall patient care.

Liberal Democrat coalition partners lobbied Chancellor George Osborne last month to pledge £1.5bn to the NHS and Osborne responded by exceeding that demand in his Autumn Statement speech.

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Autumn Statement 2014, what does it mean for me?

Crowded into the meeting room, this lunch time we watched intently as the Chancellor George Osborne delivered his Autumn Statement. Now the excitement has died down, it’s time to take a step back and say, “it’s all well and good that stamp duty is being reformed and our economy is growing, but what does it actually mean for me?”

As a 22 year old recent graduate, my passion for politics is often met with surprise in social circles. I think I’m expected to be more interested in pop culture or gap years, and my response is always the same: you’re just as interested in politics as I am. A smirk often appears on the face of the listener as they proclaim they couldn’t care less, but the beauty about politics is that aside from the men in suits making decisions that seem irrelevant and insignificant to us, the reality is that it affects us all, every single day of our lives. It affects the bus we get on to work, how much we’re paid at work, whether we are actually in work, our rights at work, the time we take for lunch, everything. It’s almost impossible to think of an area that the political arm does not to extend to so it’s with great interest I watched this year’s Autumn Statement and with even greater interest that I questioned it's benefits for me.

Selfish, I know, but what does the Autumn Statement mean for me? Well, not a lot in all honesty. A rise in personal allowance I hear you cry, changes to stamp duty others suggest, but the reality of the situation is that as a 22 year old graduate, I’m probably not high on the Government’s priorities. The personal allowance increase will probably only be swallowed up by inflation and an increase in the rent my landlord charges and as for stamp duty, I dream about the day I could even contemplate affording a house in London, let alone considering the rates that govern it. So I’m back at my desk, working in a full time job, paying my tax, repaying my student loan, aspiring to be a home owner after an Autumn Statement that won’t really have much of an impact on me. And it’s kind of disheartening. I worked hard at uni, I was thrilled to receive the job offer I did, and now I work each day influencing and meeting the people over the road that were just in the chamber outlining how rosy the picture is. But the truth is that for a graduate like me living in Central London, paying extortionate rent and ever increasing living costs, this afternoon hasn’t really changed much. I’m not one of the banks affected by tax changes, not one of the businesses benefitting from investment and not one of the homeowners enjoying as of midnight the changes in stamp duty. Back to work then. Back to reality. Back to defending the irony that politics affects everything and sometimes nothing.

Answer in 1 word

I was tagged by @bioloyg 

1. Where is your cell phone? nearby 
2. Your hair? long 
3. Your mom? bamf 
4. Your other half? [lore]  
5. Your favorite food? EGGPLANT 
6. Your dream last night? escaped 
7. Your favorite drink? coffee 
8. Fear? trapped 
9. Your home away from home? @lovejustlied 
10. Where were you last night? [editing] 
11. Something that you aren’t? subtle 
12. Muffins? diabetic.  
13. Wish list item? ANDROMEDA...., 
14. Where you grew up? HTOWN 
15. Last thing you did? [writing] 
16. What are you wearing now? flowers!! 
17. Your TV? samsung 
18. Your pets? [MAGGIE] 
19. Friends? brigayde 
20. Your life? unlikely~ 
21. Missing someone? @reflectingiridescent

I tag everyone mentioned above, @johntravoltaslacefront, @ravenreux and all the other people i miss @chizillaaa @sora2522 @autumnstatic @thedizzycow