Category : Search result: government debt


195,000 households get energy debts wiped clean

Major energy debt relief announced as regulator clears £25 million in outstanding bills for vulnerable households across Great Britain. Find out if you're eligible for this financial lifeline.

Surrey Labour splits over £1.2bn council debt crisis

Exclusive: Labour faces internal division in Surrey as two councils consider breaking away amid government pressure to address catastrophic local authority debt. The political earthquake threatens Starmer's authority in traditional Tory heartlands.

Woking Council declares bankruptcy with £1.9bn debt

Woking Borough Council faces financial collapse with a staggering £1.9bn deficit, joining a growing list of UK local authorities in crisis. Discover how risky investments and government funding cuts created this perfect storm.

Trump's $7.8 Trillion Debt Bomb Exposes GOP Hypocrisy

Exclusive analysis reveals stunning Republican U-turn on fiscal responsibility as Trump-era policies and pandemic spending drive US debt to unprecedented levels, creating a political minefield for the GOP.

US per capita debt surpasses Greece and Italy

Stunning analysis reveals the average American carries more government debt than citizens of European nations notorious for fiscal crises. Discover what this means for global markets.

ATO enlists debt collectors for tax recovery

The Australian Taxation Office has escalated its debt recovery efforts by hiring private debt collectors to pursue billions in outstanding taxes. Learn how this affects taxpayers and what you need to know.

US National Debt Crisis Accelerates at Record Pace

The United States national debt has surged past a terrifying milestone, growing at its fastest pace in history. Experts warn this unprecedented acceleration threatens global economic stability.

Reeves Under Fire Over £25bn Interest Bill Crisis

Chancellor Rachel Reeves faces mounting pressure as economists question her fiscal rules amid soaring government borrowing costs and a £25 billion interest payment bill that threatens Labour's investment plans.

UK borrowing hits record September high of £15.9bn

New figures reveal UK government borrowing hit £15.9 billion in September 2025 - the highest for that month since records began. Chancellor Rachel Reeves faces mounting pressure as debt costs spiral and economic challenges deepen.

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.

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.

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