Category : Search result: public debt


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.

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

Thames Water on the Brink: Ofwat Rejects Bailout

Britain's largest water company, Thames Water, faces potential collapse as regulator Ofwat blocks its rescue plan. With debts soaring to £15.6bn, the government prepares for a temporary nationalisation to avert a crisis for 16 million customers.

Ofwat Rejects Thames Water Bailout, Collapse Looms

Britain's water regulator, Ofwat, has dealt a crushing blow to Thames Water's recovery plan, rejecting its plea for higher bills and lenient penalties. This decision pushes the debt-laden utility, serving 16 million customers, closer to a potential govern

Trump Vows to Defund NPR and PBS if Re-Elected

Former President Donald Trump has pledged to strip federal funding from public broadcasters NPR and PBS if he wins a second term, reigniting his longstanding battle with perceived media bias.

Bank forgives £1m debt for terminally ill cancer patient

Bank of Scotland clears £1,000,000 debt for terminally ill cancer patient Ian Pritchard after his emotional appeal went viral. Discover how this act of compassion brought relief to a family facing unimaginable hardship.

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.

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.

Kate Garraway's New Debt Crisis After Derek's Death

Good Morning Britain's Kate Garraway faces a devastating financial burden of up to £800,000 in unpaid tax bills following her husband Derek Draper's death, despite returning to work. The emotional and financial toll of his care continues.

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.

John Barnes settles tax debt, exits bankruptcy

England and Liverpool icon John Barnes has finalised a significant payment to HM Revenue & Customs, officially concluding his bankruptcy proceedings after a three-year financial ordeal.

UK Government Ignoring Scientific Advice, Experts Warn

A damning report reveals that UK government ministers are sidelining expert scientific advice, leading to flawed policies on critical issues from public health to climate change. Leading experts warn this approach is damaging public trust and decision-mak

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.

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