Savings

Government sources in multiple states say they are worried about the breadth of the changes and possible costsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe states are increasingly on edge about Labor’s efforts to cut NDIS spending in next month’s budget, with officials asking the health minister, Mark Butler, to explain planned savings before a major speech this week.It comes as the treasurer, Jim Chalmers, flagged on Monday morning that cuts to the NDIS will be “easily the most important part of the savings package that we will present on budget night”. Continue reading...

Exclusive: Analysis of government figures indicates public finances will gain £600m not £10bn if migrants’ access to benefits is reducedShabana Mahmood’s migration reforms are expected to deliver just £600m in savings – about 6% of the £10bn the home secretary claimed, according to the government’s own data.Under the plans, most people would have to wait 10 years to qualify for settled status, rather than the existing five-year period, which the home secretary argued would save costs on public services. Continue reading...

• Health savings account companies, benefiting from Trump's tax bill, formed the Great American Health Alliance (GAHA) dark money group to push for further HSA expansions. • The lobbying effort aims to broaden tax advantages amid growing industry influence in policy debates. • Critics highlight potential risks of prioritizing industry gains over consumer protections in health financing.

Government-backed bank in talks about recompensing about 37,000 people whose money was misplacedUK politics live – latest updatesBusiness live – latest updatesNational Savings & Investments is preparing to repay hundreds of millions of pounds to its customers over missing savings, in what is expected to be the single biggest payout in the bank’s 160-year history.The government-backed savings institution is in discussions with the Treasury to recompense about 37,000 people whose money has been misplaced due to historical failings. Continue reading...

Repayments also affect financial stability of nearly half of graduates, according to report by UK bankPeople with student loans who are working towards a home deposit save almost £2,000 less per year than those without the debt, according to a new report by Barclays.The bank also found that 44% of student loan holders claim that repayments limit their ability to build long-term financial stability, while 41% say it prevents them from entering the housing market. Continue reading...