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This week has seen a new Prime Minister and a new Chancellor of the Exchequer. The announcements started as soon as John Healy was appointed. First announced was a cut in VAT on household energy bills from October, followed by plans to limit bus fares in England from January, then a 20% cut in business rates for pubs, clubs and live music venues in England from April. But what about the key issue on the doorstep as Andy Burnham campaigns to be elected in his new constituency of Makerfield? Frozen personal tax threshold. We’ll discuss what this could mean for your money. Nearly two million households in England and Wales are living in water poverty, according to a new study seen exclusively by this programme. Its technical definition is when people spend more than 5% of their income on water bills after housing costs. What this really means is being unable to pay for water, and being indebted to a water company. We will talk to the Water Consumers Council, which conducted this study. Plus, we’ll look at the rules around gift and inheritance tax as a new survey of financial advisors reveals. The private office found that more than 8 in 10 of its clients over the age of 45 believe that parents and grandparents should help younger generations during their lifetime rather than leaving an inheritance after death. Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Amber Mahmood, Katherine Lund and Joe Krasner. Editor: Jess Quayle Senior News Editor: Sarah Wedson (First broadcast Saturday 25 July 2026 at 12pm)
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