The True Brief

Economy ·

UK starts bank checks on benefit claimants, citing £1.2 billion savings

The Department for Work and Pensions said it has issued its first Eligibility Verification Notice, requiring banks to share information to check benefit entitlement, such as undeclared savings or long stays abroad. It said the measure is "expected to save taxpayers £1.2 billion by 2030/31" and that further measures will be set out at the Budget.

Today's front page Read the full issue, Tuesday 27 October 2026

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