Struggling households are receiving payments into their bank accounts to help them with the ongoing cost-of-living crisis. More than eight million families on means-tested benefits will automatically receive £301 with a further 6.5 million on disability payments due to receive £150 in the summer. Work and Pensions Secretary, Mel Stride said: “These direct payments will…
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Plans discussed to introduce digital currency
The pound in your pocket could become digital as the Bank of England starts a consultation on the future of currency. Together with the Treasury, the Bank has launched research into what a central bank digital currency (CBDC) would look like and will be looking for views from the public. Chancellor of the Exchequer Jeremy…
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Families advised not to miss out on childcare support
Looking for childcare for the February half-term? Don’t forget you can save up to £2,000 a year with Government support. Families are being reminded that opening a Tax-Free Childcare account can help their bank balance if they have children aged 11 or under – or 16 if their child has a disability – if they…
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Government-backed small business support hits milestone
A noodle shop in Hertfordshire is the 100,000th recipient of support from the Government’s Start Up Loans programme. More than £940m has been handed out to small businesses since the programme was launched in 2012. Business Minister Kevin Hollinrake said: “We know how important small businesses are to our communities, creating jobs, growth and opportunities,…
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