Advertisement
UK markets open in 7 hours 41 minutes

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.44
    +0.08 (+0.10%)
     

  • GOLD FUTURES

    2,336.50
    -5.60 (-0.24%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,242.25
    -720.95 (-1.34%)
     

  • CMC Crypto 200

    1,427.19
    +12.43 (+0.88%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Spain approves national minimum income scheme

Kate Ng
·1-min read
Deputy Prime Minister Pablo Iglesias is seen at the plenary session of control to the Government: Europa Press via Getty Images
Deputy Prime Minister Pablo Iglesias is seen at the plenary session of control to the Government: Europa Press via Getty Images

Spain’s cabinet has approved the creation of a national minimum income, according to a government spokesperson.

Deputy Prime Minister Pablo Iglesias told a news conference on Friday the creation of a minimum income worth €462 (£416.92) a month will target some 850,000 households or 2.5 million people.

The government would pay the monthly stipend and top up existing revenue for people earning less so that they receive at least that minimum amount every month, he said.

The minimum income would increase with the number of family members, up to a maximum of €1,015 (£916.30) each month. The programme would cost the government about €3 billion a year.

Reporting by Reuters