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Rachel Reeves expected to review pensions auto-enrolment

about 19 hours ago
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The chancellor, Rachel Reeves, is expected to trigger a review of the auto-enrolment pension scheme next week in a move that could ultimately force employers to raise their contributions to staff retirement pots.The announcement could come as early as Monday, forming a key part of the Labour government’s pensions review, industry sources told the Guardian.It is expected to be one of a raft of changes outlined in Reeves’ Mansion House speech, which will detail the government’s financial services strategy to City bosses on Tuesday evening.The review, led by the Department for Work and Pensions, will explore raising auto-enrolment contributions from the current level of 8% of worker earnings, with employees currently paying in 5% and the employer adding 3%.The consultation was put on hold last year amid concerns that it would upset businesses already reeling from a rise in employer national insurance contributions announced in Reeves’ autumn budget.

It is not yet clear what level the government is leaning towards as a new minimum, but leading pension providers have long called for the figure to be raised to 12%, suggesting that the increase takes place gradually over a number of years,The review will be formally launched before parliament rises for summer recess on 22 July,The auto-enrolment scheme, which was originally launched in 2012, forced employers to enrol employees automatically into a pension and contribute to their retirement funds,It was meant to make sure that everyone, whether they work for a supermarket or a corner shop, has a private pension to add to their state pension,However, there are growing concerns that the pension contributions are not high enough to support people through retirement, creating a “ticking timebomb” where retirees will have to turn to state support and care in their old age.

The independent Office for Budget Responsibility (OBR) this week cited inadequate pensions saving as one risk factor for the public finances in the coming decades.“Recent studies suggest a significant proportion of the population may not be saving enough through private pensions to achieve an ‘adequate’ retirement income,” the OBR warned – suggesting that could mean more people relying on the state pension and means-tested benefits.Sign up to Business TodayGet set for the working day – we'll point you to all the business news and analysis you need every morningafter newsletter promotionA government spokesperson said: “We cannot pre-empt the outcome of the review, with no decision being taken relating to pension contributions.“We’re reforming the pensions market to drive economic growth, ensure greater security in retirement and put more money in people’s pockets.”They added: “Our pension schemes bill will make pension pots work harder for savers, and our forthcoming pensions review will explore how we can take this even further to give hardworking people the retirement they deserve.

And thanks to our commitment to the triple lock, millions will see their state pension rise by £1,900.”
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Rachel Roddy’s recipe for roast summer vegetable, herb and pearl barley salad | A kitchen in Rome

It is the time of year when the fruit syrups get moved to a more accessible shelf at our local supermarket. They have a range of eight to 10 flavours, but the two that dominate are mint and orzata, luminous green and cloudy white syrups respectively, that need diluting with fizzy water and maybe topping up with ice. I have mentioned orzata here before, how popular it is in Italy and how the name means a drink made from orzo (barley), and also how at some point the barley was replaced by almonds; then, at another point, the almonds were replaced by deacidified benzoin, which is a balsamic resin obtained from trees of the genus Styrax from south-east Asia. Deacidified benzoin is actually delicious and I become dependent on orzata at this time of year, and the sound of the ice clanking against the side of the glass as I walk my cold, cloudy drink back to my hot desk is the sound of summer.However, I have always wondered what orzata made with orzo is like

3 days ago
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Australian supermarket chicken nuggets taste test: from ‘mushy’ to ‘super good’

Sarah Ayoub wrangles 10 kids under 10, plus older siblings and their parents, to find chicken nuggets with the best crispiness, even texture and taste of real chickenGet our weekend culture and lifestyle emailIf you value our independent journalism, we hope you’ll consider supporting us todayWhat makes a good chicken nugget? Ahead of this taste test, I put a call-out on Instagram asking this question. Dozens of messages essentially said the same thing: real chicken flavour, evenly textured meat and a crisp exterior.Though a handful suggested I make my own, most understood the assignment: the appeal of a chicken nugget lies not in Nara Smith-ing it but in its convenience, especially during school holiday chaos. To that end, on the first day of winter break, I rounded up good friends, compliant siblings (including a 34-year-old nugget connoisseur-sister who still orders kids’ meals) and their respective children to rate frozen supermarket offerings for their overall appeal, texture and flavour.Nuggets were cooked in an oven according to their packet instructions, but the consensus was that almost all the nuggets needed longer cook times

3 days ago
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How to turn broad bean pods into a refreshing summer soup – recipe | Waste not

Broad bean pods are one of the most under-appreciated edible scraps, and I can’t believe I haven’t written about them here since way back in 2018, when I deep-fried them in spices. They’re wonderfully fragrant, and yield the essence of the broad bean’s familiar flavour without having to use the bean itself.This vibrant green soup is a quick, thrifty and deeply nourishing way to use an otherwise unwanted and unused ingredient. The pods offer a surprising depth of flavour, meaning you can reserve the beans themselves for another meal. You can also use finely minced broad bean pods in stews, risottos and sauces, both for a hidden boost of fibre and for that beloved and familiar green flavour

4 days ago
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Yasmin Khan’s recipes for aubergine kuku and fruit and nut granola bars

I am obsessed with these sweet treats: soft, sticky, packed with dried fruit, nuts and seeds, and sweetened with banana and honey, these irresistible granola bars are perfect for when you’re craving something sweet but still want something relatively healthy; they also work well as a light breakfast with a mug of hot tea or coffee. Kuku, meanwhile, is one of the bedrocks of Iranian cuisine, and is the Persian word for these dense, filled frittatas that are often served as a sandwich filling with sliced tomato and crunchy, salty pickles.These keep in an airtight container for about three days, and tend to go softer and chewier after 24 hours, so they are great for making ahead. I use a 16cm-square baking tin.Prep 5 min Cook 45 min Makes 6-8 bars175g jumbo rolled oats 125g dried apricots, roughly chopped50g pistachios1 tbsp pumpkin seeds 1 tbsp sunflower seeds 1 tbsp sesame seeds 1 tbsp milled flax seeds 1 tsp ground cinnamon Salt 75g coconut oil, or butter65g soft dark brown sugar60g tahini3 tbsp honey, or maple syrup 1 ripe banana, peeled and mashed1 tsp vanilla extractHeat the oven to 180C (160C fan)/350F/gas 4, and line a small baking tin with greaseproof paper

4 days ago
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RecipeTin Eats cook upset her beef wellington recipe ‘entangled’ in Erin Patterson murder case

Nagi Maehashi, the cook behind RecipeTin Eats, says it is “upsetting” to have become “entangled in a tragic situation” after Erin Patterson told her triple murder trial she used the beef wellington recipe for the fateful lunch.In a post to Instagram on Tuesday, Maehashi requested that journalists of Australia “please stop calling and emailing and texting and DM’ing me about the Erin Patterson case”.“It is of course upsetting to learn that one of my recipes – possibly the one I’ve spent more hours perfecting than any other – something I created to bring joy and happiness, is entangled in a tragic situation,” she wrote on Instagram yesterday.“Other than that, I have nothing to say and I won’t be talking to anyone.“Thank you for respecting my privacy

4 days ago
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How to make the best veggie burgers | Kitchen aide

My veggie burgers are so often underwhelming, or they simply fall apart. Where am I going wrong?Beth, Newark“Veggie burgers are often lacking in everything that’s good about food,” says Melissa Hemsley, author of Real Healthy, and for her, that means texture, flavour and satisfaction. “They also tend not to have those key flavour highs – the fat, the salt – that you’re after from a homemade version.”For Lukas Volger, author of Veggie Burgers Every Which Way, texture is by far the complaint he hears most often: “The patty is too moist, and glops out of the other side of the bun when you bite into it.” Veggie burgers often behave like this, Volger says, because vegetables contain water, so you’ll either need to cook the veg in advance or add something to the mix to soak it up, whether that’s breadcrumbs or grains

5 days ago
businessSee all
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Rachel Reeves expected to review pensions auto-enrolment

about 19 hours ago
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Car finance: Drivers using claims firms could face 36% add-on charge on compensation payouts

about 20 hours ago
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HSBC becomes first UK bank to quit industry’s net zero alliance

1 day ago
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Supersize me: recreating Pret’s £13 miso salmon super plate at home

1 day ago
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Rachel Reeves to try to reassure City investors after unexpected UK GDP fall

1 day ago
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Rubio in bind as he seeks to reassure south-east Asia, even as it faces Trump tariffs

1 day ago