UK Pensions and Benefits Cut by £465 – Learn What This Means for Your Wallet
The recent news that UK pensions and benefits will see a £465 cut has prompted widespread alarm up and down the country. For retirees, carers, those on long-term sickness benefits and many more, millions rely on this support for the basics every day. While the government tries to cut back on welfare bills, it is essential to know what’s going on, who’s affected and how you can react. Overview This change in policy is not only statistics on a page. It indicates a turn toward closer, more specific assistance, away from universal benefits. For most people, that is going to involve redoing their budget every month and looking for alternative means of covering the shortfall. Reasons As per the 2025 Spring Statement, the reductions are included in a more extensive strategy of cutting welfare by £3.4 billion. The government will stabilise public finances … Read more