Water Bills and Inheritance Tax for Farmers

Loading player...
A record number of people in England and Wales are getting help with the cost of their water bills. The number of people on low incomes who have been given a reduction in their bill grew last year by 250,000 to 1.6 million. They are called 'social tariffs' but newly released data from the Consumer Council for Water shows the amount people get varies widely depending on where they live. Water UK, which represents the water industry, says these are average figures with eligible customers able to receive a much higher deduction. Dan Whitworth will have the full details of this story.In a week where changes to Inheritance Tax for farmers have dominated the headlines, we’ll discuss how the changes will work and who will be affected. There's a new inflation measure developed specifically for Northern Ireland. The Northern Ireland Consumer Prices Index allows statisticians to compare how fast prices are rising against the UK rate. We'll find out more about how it's calculated.Plus, the listener who got a £1,500 refund on his student loan after listening to Money Box.Presenter: Paul Lewis
Reporters: Dan Whitworth, Emma Smith and Eimear Devlin
Researcher: Catherine Lund
Editor: Jess Quayle(First broadcast 12pm Saturday 16th November 2024)
14 Dec English United Kingdom Business

Other recent episodes

Lost Pensions and Student Loans

New research estimates that there are more than 3 million lost pension pots in the UK. These are pensions that have been paid into by an employer but the scheme can no longer find the person who owns it. The Pensions Policy Institute research also found number of lost pots…
7 Dec 24 min

Inheritance Tax Changes and Car Finance

Wednesday saw the first Budget from a Labour government for nearly 15 years and the first ever delivered by a female Chancellor. Rachel Reeves wasn't the first to stand up in the Commons and announce tax rises, but the scale of them was large by historical standards - about £40bn…
30 Nov 24 min

Money Box Live: Budget Breakdown

The Chancellor, Rachel Reeves, has announced her Budget but what does it mean for yours?Money Box Live is breaking down what the Budget mean for your finances, from pensions and Inheritance Tax to the cost of a pint. We hear from the experts who are on hand to answer your…
27 Nov 29 min

Budget Countdown and 'Finfluencers'

There are just a few days to go until Rachel Reeves stands up in Parliament to deliver her first Budget as Chancellor. Since the Labour Party won the election in July, there's been a huge amount of speculation about what she might do to plug what she calls a 22…
23 Nov 25 min

Money Box Live: Children's Finances

More than half a million young people are yet to claim their Child Trust Fund which could be worth up to £2,200 according to the government, but how do you know if your child has one or even how to get it? Plus with the Chancellor's budget on the way,…
20 Nov 28 min