Browsing: Rachel Reeves

The UK is one step closer to a new nuclear power plant after the government announced a further £14.2bn in funding.

Chancellor Rachel Reeves has announced a U‑turn on last year’s winter fuel payment cuts, raising the income threshold to £35,000.

The UK government has confirmed a £14.2 billion investment in the Sizewell C nuclear power station in Suffolk, its largest-ever public commitment to a UK energy project.

Tuesday’s newspapers are dominated by the news that Chancellor Rachel Reeves has U-turned on her scrapping of winter fuel payments for roughly 9 million pensioners. Those pensioners will now again be eligible before this winter – it’s unclear if pensioners who missed out will be able to get the money backdated.
On Wednesday, Reeves will unveil her spending review, with speculation rife across the papers, critics are asking just who is paying for all this.

Tuesday’s newspapers lead with the U-turn on the winter fuel payments cut. Chancellor Rachel Reeves announced that she would restore the payment to more than three-quarters of pensioners who initially lost out after the government cut the payment last year. The move was widely condemned across the political spectrum, and the reversal has been widely welcomed – regardless of the paper’s political leanings. 

Chancellor Rachel Reeves has reversed the winter fuel payment cut, confirming full payments of £200–£300 this winter for pensioners earning up to £35,000 a year in England and Wales.

The UK government has committed £14.2 billion to build the Sizewell C nuclear power station in Suffolk, aiming to generate electricity for about 6 million homes and create 10,000 jobs, as part of a wider £113 billion infrastructure investment plan announced by Energy Secretary Ed Miliband.

The UK government is set to announce a £14.2bn funding commitment for the Sizewell C nuclear power station, aimed at directly creating 10,000 jobs, including 1,500 apprenticeships.

The five problems with the chancellor’s U-turn on winter fuel payments – and there are some major issues.

Week 24 kicks off with spending review speculations, the NHS issuing an urgent call for blood donors and reaction to the weekend’s Nations League action.