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The Latest Breaking News from SMF

Rachel Reeves ‘missed opportunity’ to raise £900m from online casinos

Labour’s links to gambling industry questioned again after decision not to raise tax rate for online gaming

The Guardian - UK

Arena Racing CEO urges reform to save racing from gambling tax fallout

With the Treasury eyeing the gambling industry for additional tax revenue, arguments have increased on how best to bolstering British horse racing

The Guardian - UK

Shares in UK gambling firms fall £2bn amid talk of higher taxes in budget

Thinktank reports saying sector should be hit with extra £900m to £3bn in levies prompt market selloff

The Guardian - UK

From analysis to the latest developments in health,
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UK urged to lead fightback against the global ‘fraudemic’

Fraud has become a global phenomenon and needs collective action, according to a report.

The Independent UK

Labour conference fringe event may be turning point for racing’s fortunes

Gambling minister’s speech could herald moment betting industry’s 25-year love affair with gaming turned sour

The Guardian - UK

UK pump prices at three-year low as fuel duty hike looms

Labour expected to roll back Conservatives’ 5p duty cut in the autumn statement in first increase since 2011

The Guardian - UK

UK fuel duty cut is regressive policy that benefits the wealthy, study finds

Chancellor’s 5p freeze will save £60 a year for well-off motorists compared with just £22 for lower earners

The Guardian - UK

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If taxing the rich is so fraught, maybe we need a rethink

The cost of government is rising, yet raising taxes is bad politics. From productivity to ‘degrowth’, the left ought to get behind the more radical approaches

The Guardian - UK

Disadvantaged students to bear brunt of grade deflation, say experts

Social Mobility Foundation says it expects GCSE and A-level attainment gap based on income to grow this year

The Guardian - UK

Brits are poorer than Americans because we spend more on worse homes, Social Market Foundation think tank says

The Social Market Foundation blamed “dysfunction in the UK housing market” for the difference

Evening Standard

The great British baby drought has a simple cause. And it’s not ‘cultural Marxism’

There’s no shortage of people who want more children. But under the Conservatives, parenthood is punished, says Guardian columnist Polly Toynbee

The Guardian - UK

Police 'forced to turn to food banks' as officer left 'unable to heat home and feed child' due to poor pay

Call for 'fair play' for emergency workers as police tweet, 'This is unacceptable'

Wales Online

Officers due 17% pay increase as a minimum, says police federation

Police pay has lagged almost 20% behind inflation since 2000, the federation says

Wales Online

Fuel duty freeze would cost £27bn over five years and be a ‘reckless waste of public money’

Social Market Foundation calls on government to scrap freeze and use money to improve regional inequalities in access to transport

The Independent UK

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The Independent UK

Black and Asian ‘pension gap’ putting millions at risk, think-tank warns

Ministers should overhaul pensions auto-enrolment rules to bring more people – including many from ethnic minorities – into the workplace pension system, the Social Market Foundation has recommended.

Glasgow Live

Ways to save up to £400 on heating bills in 2023 by following simple energy tips

A cross-party think-tank is calling on the UK Government to follow Germany’s lead and follow these tips to save up to £400 on their gas and electricity bills in 2023.

The Guardian - UK

Revealed: working class people paid thousands less than middle class peers despite doing same jobs

Firms should be ‘legally required’ to publish their class pay gaps, says thinktank, after it found salary differences of up to £10,000

Edinburgh Live

Motorists could get 5,000 miles of free driving under new plans

A report from the Social Market Foundation (SMF) think tank estimates the poorest 20% of car owners who drive least are likely to be £40 a year better off under this scheme

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Daily Mirror

New road pricing scheme could give motorists 5000 miles of free driving

The plan is to plug the expected £30billion hole in Treasury finances from lost fuel duty as more electric cars take to the roads

Evening Standard

UK would help Sweden and Finland if Russia attacked, Johnson warns Putin

It’s not just pop music, Freddie Ljungberg and arguments over how many screws were meant to come in the damn IKEA pack that binds Britain and Sweden together. We now have a mutual security pact.

The Guardian - UK

Sunak urged to issue green bonds with higher returns if climate goals missed

Thinktank says following Chile’s example would give ministers greater incentive to meet targets

Wales Online

Over 66% of 50 to 64-year-olds unaware of how much they need for their retirement

Cross-party think tank calls for an overhaul of the rules around providing financial advice and guidance

The Independent UK

Retirement ‘guidance gap’ risks causing financial harm, think tank warns

More than two thirds of 50 to 64-year-olds do not know how much they will need for retirement, the Social Market Foundation said.

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