The Chancellor has pledged to lower household energy bills by scrapping an earlier scheme designed to improve energy efficiency. Reeves told MPs her proposals would cut the average household bill by £150 from April.   She said the current Energy Company Obligation (ECO) scheme, introduced by the Conservatives, “costs households £1.7bn a year on their…

Rachel Reeves has confirmed the tax-free allowance on cash ISAs will be cut for under 65s in a bid to encourage more Britons to invest their savings. The current £20,000 allowance will be slashed to £12,000 by April 2027. By doing so, The Chancellor hopes to encourage more Britons to invest their remaining savings in…