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.
Category : Search result: global debt
Africa demands £1.3 trillion climate debt payment
African nations are calling for wealthy countries to honour their climate finance commitments as new research reveals the staggering £1.3 trillion needed for decarbonisation across the continent.
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
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.
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.
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.
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.
University Value Crisis: Which Degrees Actually Pay Off?
New research reveals which degrees deliver the highest financial returns and which leave graduates worse off. Exclusive analysis on the real value of a UK degree in today's economy.
Ghana's Lavish Funeral Culture Bankrupting Families
In a striking cultural shift, Ghanaians are spending vast sums on lavish funerals, prioritising elaborate ceremonies over basic necessities and plunging many into debt.
France Credit Rating Downgraded by Fitch Amid Debt Crisis
Credit agency Fitch downgrades France's sovereign rating to 'AA-' with a negative outlook, citing political instability, rising debt, and economic uncertainty under President Macron's government.
Clear Your Mortgage Using 1940s Frugal Habits
Discover how one UK homeowner paid off her mortgage in record time by adopting wartime thriftiness. Get her top 10 practical, modern-day frugal living tips that really work.
Tricolor Finance Collapse: Car Buyers Face Financial Ruin
Exclusive: Major UK car finance provider Tricolor enters administration, leaving customers with unresolved debts and undelivered vehicles. Full investigation into the consumer crisis.
Joey Essex's Firm Collapses with £1.2M Debt
TOWIE star Joey Essex's management company plunges into administration with staggering £1.2 million debt, leaving creditors unpaid as his entertainment career continues to flourish.
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.
6 Million Brits Face Energy Debt Crisis This Winter
Exclusive new research reveals millions of UK households are being pushed into energy debt, with many forced to make desperate choices between heating and eating as bills soar.
1.7 Million UK Homes in Energy Bill Debt Crisis
A staggering 1.7 million UK households have fallen behind on their energy bills, with total debt hitting a record £3.1 billion. This winter, millions face the stark choice between heating and eating as the cost of living crisis deepens.
Badenoch Denies UK in Secret IMF Bailout Talks
Business Secretary Kemi Badenoch has categorically denied that the UK is in talks with the IMF for a financial bailout, calling the speculation 'ridiculous' amidst growing concerns over the nation's debt and welfare spending.
Harvey Norman Hit With Major 'Interest-Free' Class Action
Hundreds of Australian consumers have launched a major class action against retail giant Harvey Norman, alleging they were misled by 'interest-free' payment plans that trapped them in costly debt cycles.
Thames Water Delays £7.5m Charity Payment Amid Crisis
Thames Water postpones £7.5m charity payment as financial pressures mount, sparking outrage from environmental groups and raising fresh concerns over the utility giant's stability.
Global Classic Japanese Chef Knife Review 2025
Our in-depth review of the Global Classic Japanese Chef Knife. Discover if this iconic, lightweight santoku lives up to the hype for UK home cooks and professionals.
UN: Defence Spending Futile Without Climate Aid
UN Secretary-General António Guterres delivers a powerful address, arguing that soaring defence budgets are a wasted effort without parallel investment in climate resilience for developing nations. He warns of a world plunging into deeper instability with
China's Bold Strategy for Global Dominance Revealed
Exclusive analysis reveals how China is aggressively expanding its global influence through military, economic, and diplomatic channels, challenging Western hegemony and reshaping international power dynamics.
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.
Trump Speechless When Grilled on $8.4 Trillion Debt
Former US President Donald Trump was left speechless and stumbling over his words when a TV host confronted him with the staggering increase in the national debt during his administration.
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.
Thames Water crisis deepens as Ofwat rejects 40% bill hike
Britain's largest water company, Thames Water, faces a deepening crisis after regulator Ofwat rejected its plea for a 40% bill increase. The decision raises the spectre of a temporary government takeover as the utility grapples with massive debt and urgen
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