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State pension warning as payments ‘fall short’ by over £2,600 despite triple lock rise | Personal Finance | Finance

According to interactive investor’s estimates, the state pension will still fall short of around £2,643 of the figure needed for someone to have a basic retirement income. This calculation is based on the Pension and Lifetime Savings Association’s (PLSA) retirement living standards. Based on this metric, older households would currently …

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Social Security Administration treats seniors like criminals, lawmakers say, demanding answers on clawbacks

Rep. Ro Khanna, R-Calif., discusses the Los Angeles school strike, fallout from Silicon Valley Bank and his proposal to make social security solvent. FIRST ON FOX: Lawmakers want to know why the Social Security Administration has reportedly erroneously overpaid benefits to millions of Americans and then hit beneficiaries with demands …

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Heat pump rollout could mean households slapped with £120 ‘boiler tax’ next year | Personal Finance | Finance

Households face being slapped with a pricey “boiler tax” as companies attempt to mitigate the financial cost of the heat pump rollout. Manufacturers are speaking out about the cost of these devices which are being hailed as environmentally friendly and are set to bring energy bills down in the long-term. …

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Council tax rise to hit almost one million households after bankruptcy warning | Personal Finance | Finance

Almost one million housholds are facing a devastating council tax rise as Labour Party-run councils teeter on the edge of bankruptcy. The rise to families would constitute a 15 percent increase on the council tax that they are already paying while Britain negotiates the cost of living crisis. The councils …

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Abolish the Bank of England! Centralised bank ‘not necessary’, explosive report argues | Politics | News

The Bank of England, the cornerstone of Britain’s financial sector, is “not necessary” and should be abolished, a radical new report has argued. The Experience of Free Banking was published by the Institute for Economic Affairs (IEA) on the day the BoE announced its decision to freeze interest rates at …

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Ex-FBI official gets 4 years for working with Russian oligarch dubbed Putin ‘henchman’

Check out what’s clicking on FoxBusiness.com A former FBI official was sentenced to over four years in prison on Thursday after previously pleading guilty to working for Oleg Deripaska, a Russian oligarch under U.S. sanctions whom prosecutors have called President Vladimir Putin’s “henchman.” Charles McGonigal, who led the counterintelligence division …

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State pension triple lock warning as ‘long-term affordability’ of benefit in question | Personal Finance | Finance

Experts are warning the public over the threat posed to the long-term viability of the state pension triple lock. Every year, pension payments are raised either by the rate of inflation, average earnings or 2.5 percent; whichever is the highest. As it stands, the rate of the state pension is …

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