HMRC gains power to seize money from bank accounts
HM Revenue & Customs gains controversial authority to recover tax debts directly from personal bank accounts without court orders, raising privacy and fairness concerns across Britain.
Category : Search result: government debt
UK government borrowing costs hit 20-year high
Chancellor Rachel Reeves faces mounting pressure as UK government borrowing costs surge to their highest level in two decades, threatening Labour's economic plans and increasing pressure on public finances.
Global Debt to Hit 100% of GDP by 2029 - IMF
The International Monetary Fund issues stark warning as global government debt is projected to reach 100% of GDP within five years, with the UK facing particularly challenging economic headwinds.
Dalio: US Debt Crisis Could Spark Internal Conflict
Bridgewater founder sounds alarm over America's unsustainable debt levels, drawing parallels to historical periods of great internal conflict
French crisis sparks global bond market meltdown fears
As France's political turmoil sends shockwaves through European bond markets, experts warn Britain and other governments face similar debt crises. Discover why global financial stability hangs in the balance.
ATO chases decades-old tax debts from Australians
The Australian Taxation Office is aggressively pursuing taxpayers for debts dating back 20+ years, using new powers to recover money many believed was written off. Thousands face unexpected financial shocks.
Robodebt: The Whistleblowers Who Exposed a Cruel Scheme
An explosive new documentary reveals how a small group of public servants, journalists, and welfare recipients risked everything to uncover the truth behind Australia's disastrous automated debt recovery program.
HMRC's 'Breathing Space' for 1.4M in Tax Debt
Exclusive: HMRC launches a major new initiative to help over a million individuals and businesses struggling with tax bills, offering flexible payment plans and pausing debt collection.
UK Car Debt Crisis Echoes 2008 Financial Shock
Exclusive analysis reveals British drivers are buckling under a record £70 billion car finance burden, with soaring defaults threatening a 'Great Recession' style economic tremor. Discover the ticking time bomb in the UK's auto loan market.
Daily Mail's Stark Warning: UK Economic Crisis Looming
The Daily Mail issues a powerful critique of the UK's unsustainable economic trajectory, warning of dire consequences from unchecked public spending, soaring debt, and a looming crisis that threatens future generations.
UK Borrowing Hits £37.6bn, Exceeding Forecasts
Chancellor Rachel Reeves faces a stern fiscal test as UK public sector borrowing hits £37.6bn for the first five months of the financial year, exceeding official forecasts and complicating Labour's spending ambitions.
Australia's £50BN Debt Interest Time Bomb
Australia is facing a severe fiscal crisis as interest payments on its national debt are projected to skyrocket, consuming an ever-larger portion of the federal budget and threatening future economic stability.
Centrelink Crackdown: New Welfare Data Blitz Begins
The Australian government launches a new data-matching blitz to slash Centrelink payments for those receiving benefits they may not be entitled to, sparking debate over welfare integrity.
Mum clears £36k credit card debt with simple method
A UK mother reveals her simple but effective 'snowball method' to become debt-free, paying off a staggering £36,000 in credit card debt on an average income. Her story is an inspiration to families struggling with the cost of living.
Debt Collector Hell: Pursued for a Stranger's Bills
A UK man's five-year ordeal with relentless debt collectors over a stranger's unpaid bills exposes a shocking flaw in the system. Discover how to protect yourself from wrongful debt pursuit.
Bank of England pressured to slow bond sales amid record borrowing
Leading economists and financial experts urge the Bank of England to reconsider its quantitative tightening strategy amid soaring government debt costs, warning current pace could destabilise markets.
Pensioner forced to sell £600k home over council tax bill
A retired grandfather faces financial ruin and the devastating sale of his £600,000 home after a catastrophic administrative error led to a life-altering council tax debt.
Cruise passenger jumps overboard to escape gambling debt
A Royal Caribbean passenger made a desperate 80ft leap from the Symphony of the Seas to escape a staggering gambling debt, sparking a major rescue operation in Puerto Rico.
UK Welfare Scandal: Govt Apologises for False Debt Claims
Exclusive: A major administrative failure within the UK's welfare system, likened to Australia's 'Robodebt' scandal, has triggered a government apology and a planned compensation scheme for thousands wrongly accused of owing money.
Why Britain must stop fearing imaginary bond vigilantes
The Guardian argues that the UK is paralysed by a mythical fear of 'bond vigilantes', preventing vital investment in public services and infrastructure. It's time to abandon outdated economic dogma.
UK Economic Crisis as Borrowing Costs Soar to 10-Year High
Britain faces a severe economic storm as government borrowing costs hit alarming highs, sparking fears of a fiscal crisis. Chancellor Rachel Reeves confronts mounting pressure amid market turmoil and Labour's internal reshuffle.
France's Debt Crisis Threatens Government Collapse
Exclusive analysis reveals how France's spiralling debt crisis threatens to topple the government and force brutal austerity measures, echoing the worst days of the Eurozone crisis.
UK Gilts Crash Following Labour's Autumn Budget
Chancellor Rachel Reeves faces market turbulence as her Autumn Budget sparks a sharp sell-off in UK government bonds. Discover the inside story behind the gilt market's dramatic reaction and what it means for Britain's economic future.
Gov to wipe millions in Centrelink robodebts
In a landmark move, the Albanese government announces a sweeping eradication of historic Centrelink robodebts, offering financial reprieve to thousands of Australians ensnared by the controversial scheme.
Middle-Class Town Has Britain's Worst Household Debt
An exclusive Daily Mail investigation uncovers how Gedling, a Nottinghamshire town, has become the epicentre of Britain's personal debt crisis, with middle-class families facing crippling council tax arrears and a desperate cost-of-living battle.
Scots Govt in Standoff with Ofgem Over Ukraine Energy Bills
The Scottish Government accuses energy regulator Ofgem of 'passing the buck' and failing to protect displaced Ukrainian families from crippling debt and high tariffs, escalating a major political row.
3m Australians Eligible for £600 Centrelink Payout
In a landmark ruling, the Australian government is poised to compensate nearly three million citizens after a federal court found Centrelink's automated debt calculation system was unlawful. Discover who is eligible and how to claim.
Govt plans emergency Thames Water takeover amid debt crisis
Exclusive: Ministers and regulators prepare contingency plan for Thames Water's potential collapse as Britain's largest water supplier struggles under massive debt burden, raising concerns about bills and service delivery.
UK Government Borrowing Hits 26-Year High
Chancellor Rachel Reeves faces a stern economic test as public sector net borrowing hits £27.6bn, the highest since 1999. Rising debt interest payments and welfare costs drive the surge, complicating Labour's fiscal plans.
UK Councils' £122bn Debt Crisis Forces Public Asset Fire Sale
Exclusive investigation reveals Britain's local authorities are drowning in unprecedented debt, with councils forced to sell schools, care homes, and sports facilities to stay afloat. The staggering £122bn debt pile equates to £1,700 for every person in t
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