Liz Truss wins race to succeed Boris Johnson as UK prime minister
There will be ‘no honeymoon period’ for the newly appointed PM
There will be ‘no honeymoon period’ for the newly appointed PM
It is predicted to hit more than 8% – the same level of earnings growth that triggered the double lock last year
But ‘many pensioners face a difficult squeeze on their cost of living for the next 12 months’
As inflation surpasses 5% mark for the first time in a decade
As nearly half want more resources allocated to open up access to financial advice
After the House of Lords rejected government bid to halt system for a year
But is ‘certain to use its comfortable majority in Commons’ to overturn House of Lords amendment
But 3.1% uplift in the 2022-23 financial year ‘may fall short’ of cost of living rises
But next year marks the first time the rise will not be in line with the model
As prime minister tacks 1.25% tax onto share dividends
Reports suggest inflation and average earnings figures will be discarded next year
‘Numbers don’t look like they’re heading in a direction that will dig them out of a hole’