A growing number of British retirees are opting to spend their accumulated wealth on extensive travel and personal experiences, rather than preserving it as inheritance for their children.
Former Health Secretary Wes Streeting has outlined a plan to overhaul capital gains tax, aiming to align it with income tax rates to generate an estimated £12 billion per year. The proposal emerges as Streeting positions himself for a potential Labour leadership contest.
Chancellor Rachel Reeves is set to unveil a £100 million scheme providing free bus travel for children aged five to 15 across England in August, alongside suspending import tariffs on a range of food items. These measures aim to alleviate cost-of-living pressures and come as the government extends a 5p cut on fuel duty.
