Young Senator's Student Debt Cut Sparks Backlash
Australia's youngest senator, on a salary of nearly £125,000, faces criticism for celebrating a 20% student debt cut. Critics call the policy unfair, benefiting high earners most.
Category : Search result: local government debt
Victoria Slashes 1,000+ Public Sector Jobs in $4bn Savings Plan
Victoria's Premier announces a major public service overhaul, cutting over 1,000 jobs and merging 29 entities to save $4bn. Read the full details of the state's budget repair plan.
Gen Z Debt: 27% Default, Risking Mortgages
Over a quarter of UK Gen Z have defaulted on debt. Learn what a default means, its serious consequences for your credit file, and how to avoid one to protect your financial future.
Women hit harder by public debt in Scotland
New research reveals women in Scotland are disproportionately driven into poverty by public debt collection. A wake-up call for policymakers to reform harsh recovery methods.
Reeves' Budget Faces £2.7tn Bond Market Scrutiny
Chancellor Rachel Reeves prepares for high-stakes budget as bond market watches every move. Will her plans satisfy the £2.7tn gilt market beast? Analysis inside.
Scotland to Issue £1.5bn in Bonds After Credit Rating Boost
The Scottish government plans to issue £1.5bn in bonds, nicknamed 'kilts', following high credit ratings from Moody's and S&P. Discover how this move aims to fund infrastructure.
Bank of England Warns of Growing Consumer Debt Crisis
Exclusive analysis reveals millions of Britons are struggling with bills and loan repayments as the Bank of England sounds alarm over growing consumer debt crisis.
Illinois wipes out $1bn medical debt for 300,000 residents
Governor JB Pritzker announces revolutionary $10 million medical debt relief programme, set to eliminate bills for nearly 300,000 Illinois residents in one of America's most ambitious healthcare reforms.
Birmingham Council Bankruptcy "Probably Avoidable" Says Expert
Exclusive analysis reveals Birmingham City Council's financial collapse might have been prevented as expert questions Labour leadership's decision-making in Britain's second city.
Woking Council Bankruptcy: Property Investments Create Crisis
Exclusive investigation reveals how Woking Borough Council's disastrous property investments created Britain's worst financial crisis in local government history, with taxpayers facing astronomical debt.
Birmingham Council Bankruptcy: Inside Britain's Worst Council Crisis
Exclusive investigation reveals how accounting failures and political paralysis pushed Birmingham City Council into the biggest local government financial crisis in UK history, forcing devastating cuts to essential services.
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 gets £500m bailout in council shake-up
The bankrupt Woking Borough Council secures a massive government rescue package as Surrey County Council takes control of key services in a dramatic local government overhaul.
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.
Bradford Council sells historic halls to plug £150m debt
Cash-strapped Bradford Council launches emergency property sell-off, sacrificing treasured country halls and community landmarks to tackle catastrophic £150 million debt crisis.
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.
Reeves forced into borrowing spree as fiscal plans unravel
Chancellor Rachel Reeves confronts harsh economic reality as soaring debt costs and weak growth force major borrowing increases, putting Labour's fiscal rules under severe pressure.
Barcelona's £138m Debt Crisis Exposed in Documents
Shocking financial documents expose Barcelona's £138 million debt turmoil as club faces mounting pressure despite recent cost-cutting measures and player sales.
UK government borrowing hits record September high
Chancellor Rachel Reeves confronts unprecedented September borrowing figures while MPs push for wealth taxes in upcoming budget decisions.
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.
Global South Debt Crisis: Western Inaction Strangling Nations
Exclusive analysis reveals how mounting debt payments are crippling Global South economies while wealthy nations delay meaningful action. Discover the human cost and potential solutions.
Bailiffs visit one UK home every 59 seconds
Shocking new data reveals bailiffs are visiting UK households at unprecedented rates as families struggle with mounting debt and rising living costs.
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.
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.
Council Tax Crisis: Local Authorities Demand Funding Overhaul
UK councils issue urgent warning to Chancellor Rachel Reeves as financial pressures threaten essential services including social care, libraries and bin collections.
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