Food bank use soars as cost of living crisis deepens
Shocking new data reveals millions of UK families are skipping meals and turning to food banks as the cost of living crisis deepens, with desperate calls to benefits helplines skyrocketing.
Category : Search result: economic hardship
Australia's unemployment shock signals cooling economy
Australia's unexpected unemployment surge to 4.4% signals an economy cooling faster than anticipated, raising urgent calls for economic stimulus rather than interest rate hikes.
Reeves demands economic growth plan in first day as Chancellor
New Chancellor Rachel Reeves launches economic fightback with urgent growth directive to ministers, warning Britain faces 'most challenging inheritance since WWII' with public finances in worst state ever recorded.
UK Economy Stagnates with Zero Growth in April
Shock Office for National Statistics data reveals zero growth in April 2024, handing incoming Chancellor Rachel Reeves immediate economic challenge days before taking office.
ANZ bosses got £26m bonuses as customers struggled
Exclusive investigation reveals ANZ Australia paid executives millions in bonuses while systematically ignoring customer hardship notices and selling unsuitable insurance products.
Brits to be poorer than Turks and Latvians by 2040s
Groundbreaking economic research reveals Britain is on course to be outperformed by Turkey and Latvia within two decades, with the UK facing its worst relative decline in living standards since records began.
China's Economic Growth Slows Amid Property Market Crisis
Fresh economic data reveals China's growth hitting its slowest pace since the pandemic era, with falling house prices and stock market jitters creating a perfect storm for the world's second-largest economy.
Australian banks ignore customer hardship requests
Exclusive investigation reveals major Australian banks are systematically failing customers in financial distress, with thousands of hardship requests going unanswered as cost-of-living pressures mount.
Political Division Fuels America's Economic Pessimism
New research reveals a startling disconnect between America's economic reality and public perception, with political tribalism creating a nation divided over its own financial health.
UK Economy Stalls with Zero GDP Growth in August
Britain's economic recovery hit a roadblock in August with zero growth, raising concerns about the nation's financial resilience amid ongoing challenges.
UK Economy Stagnates with Zero Growth in April
Britain's economy showed no growth in April 2024, with wet weather dampening retail sales and construction output. Get the full analysis of the UK's economic standstill.
UK economy grows 0.4% in August, Reeves welcomes recovery signs
Britain's economy expanded by 0.4% in August, marking a significant turnaround after months of stagnation. Chancellor Rachel Reeves announces cautious optimism amid ongoing economic challenges.
IMF Downgrades US Economy as Australian Tourists Avoid America
The International Monetary Fund slashes US growth forecasts amid Trump administration policies, while Australian travellers avoid America due to economic uncertainty and political tensions.
Reeves gives OBR veto power over budgets
Shadow Chancellor pledges to give Office for Budget Responsibility unprecedented veto power over major tax and spending decisions, learning from Truss's disastrous mini-budget.
IMF Warning: Global Economy Faces Perfect Storm
IMF Managing Director Kristalina Georgieva warns of multiple economic dangers converging simultaneously, urging nations to prepare for turbulent times ahead as growth forecasts darken.
Universal Credit delays force millions into debt
Shocking new research exposes how Universal Credit payment delays are forcing vulnerable claimants into severe debt and financial hardship across the UK.
Low-paid workers trapped in payday loan and food bank cycle
Shocking new study exposes how Britain's lowest earners are resorting to high-cost credit and emergency food supplies just to survive amidst cost-of-living crisis.
JPMorgan CEO Dimon Issues Recession Warning
JPMorgan Chase CEO Jamie Dimon sounds alarm on economic turbulence ahead, highlighting inflation pressures and geopolitical risks that could impact British businesses and households.
Reeves shatters Treasury fiscal rules in economic reset
Labour's first female Chancellor announces dramatic overhaul of Treasury spending rules, prioritising economic growth over rigid fiscal constraints in major policy shift.
Low-paid workers trapped in payday loan and food bank cycle
Groundbreaking study exposes how Britain's lowest earners are being forced into high-cost borrowing just to afford basic essentials, creating a devastating debt spiral.
Tory Economic Credibility in Tatters: Badenoch Cartoon
Ella Baron's biting political cartoon captures the crumbling economic credibility of the Conservative Party as Business Secretary Kemi Badenoch faces mounting criticism over fiscal policy failures.
Scottish Business Confidence Hits Record Low
New survey reveals overwhelming pessimism among Scottish businesses as economic stagnation bites, with concerns mounting over rising costs and political uncertainty.
Argentina's Economic Crisis Deepens Under Milei
President Javier Milei confronts escalating economic turmoil as inflation soars and social unrest grows, testing his controversial austerity measures in Argentina.
Ex-RBS Chair to Lead Scotland's Economic Advisory Council
Sir Douglas Alexander returns to economic leadership role, appointed to chair Scotland's new Council of Economic Advisors in strategic move to bolster nation's financial future.
HSBC freezes Melbourne woman's account without explanation
A Melbourne mother's life turned upside down when HSBC suddenly froze her account without explanation, leaving her unable to access her own money for essential expenses in a shocking case of banking bureaucracy gone wrong.
Government Shutdown Costs UK Economy Billions
Fresh economic analysis exposes how political gridlock and government shutdowns are draining billions from the UK economy, with businesses and taxpayers bearing the brunt of Westminster's paralysis.
Tearful woman confronts Jim Chalmers over economic hardship
An emotional confrontation unfolded as a tearful woman interrupted Treasurer Jim Chalmers' media briefing, delivering a raw account of financial struggle that left officials stunned.
UK Economy Stagnates as Construction Output Plummets
Britain's economic recovery hits a wall as construction output plummets 1.9% in April, wiping out service sector gains and raising Budget concerns for the Chancellor.
UK Economy Grows 0.4% in Q2 - Strongest Since 2021
Britain's economy delivered a powerful performance in Q2 2024, with GDP growing by 0.4% - the strongest quarterly expansion since late 2021. Services and production sectors lead the charge as the UK economy gains momentum.
Reeves urges Labour MPs: Focus on growth mission
New Chancellor Rachel Reeves delivers powerful message to Labour MPs, demanding immediate focus on economic growth and fiscal discipline in government's first days.
Page 2 of 4