Lower annual welfare cap affects 68,000 families.

The first six months of the new lower benefit cap has seen 68,000 families having their welfare cut for the first time, losing each around £50 a week. The current cap applies to working-age adults and is £20,000 a year outside London and £23,000 in the capital, having...

Service sector surveys indicate sluggish growth.

The UK economy looks to be on course for “steady but sluggish” growth in the third quarter, surveys indicate. But service sector firms’ prospects indicate a stalling or contracting economy in the longer term, research firm IHS Markit said. This could...