Rate hike and $2 petrol loom as oil stays elevated
Australian households face prospect of interest rate hike and petrol prices above $2 a litre as escalating Middle East crisis pushes crude oil back above $US100 a barrel, economists warn.
Category : Economy
Scottish Labour candidate donates Holyrood exit payment to charity
Monica Lennon, returning to Holyrood after losing her seat in May, will donate her £50,000 exit payment to women's health and alcohol abuse charities.
Sainsbury's herb hack: olive oil ice cubes extend shelf life
Sainsbury's recommends chopping leftover herbs and freezing them in olive oil ice cubes to prevent waste and add flavour to future dishes.
5 Cleaning Tasks Banned Under New Hosepipe Rules in England
Five cleaning tasks are now prohibited under a hosepipe ban in parts of England, including washing cars, patios, and windows with a hosepipe, due to record dry weather.
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1M more Brits may pay income tax in 2026-27
More than one million extra Britons are expected to be dragged into paying income tax in 2026-27 due to frozen tax thresholds, a tax watchdog warns.
UK Banks Face Iran War Bad Loan Risks Despite Profit Growth
Barclays, Lloyds, and NatWest are set to report higher half-year profits, but experts warn of increased bad loan provisions due to the Iran war pushing up the cost of living.
Martin Lewis on energy bill savings from VAT cut
Martin Lewis warns that a predicted 5.1% rise in the energy price cap in October could wipe out household savings from the VAT cut on electricity bills.
Burnham: State pension-only earners won't pay income tax
The Treasury confirms pensioners whose only income is the state pension will not pay income tax, as the government sticks to a previous pledge despite frozen thresholds.
Andy Burnham's Spending Plans Hit by Reeves' Fiscal Reality
Andy Burnham's early spending promises clash with Chancellor Rachel Reeves' empty coffers, forcing U-turns and highlighting fiscal constraints.
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Trump's tariffs and Iran war: Genius or gambler?
Donald Trump's new tariffs on over 80 countries, including the UK, and his escalating Iran conflict are causing economic instability, rising prices, and losses for ordinary Americans.
Trump's tariffs and Iran policy create global instability
Trump imposes tariffs on over 80 countries, including UK, causing higher prices, lost jobs, and instability, while his Iran war adds to economic crises.
Ukraine Hits Two More Wildberries Warehouses
Ukraine launched overnight drone strikes on two Wildberries logistics hubs in St Petersburg and one in Crimea, causing massive fires visible from space and disrupting over 50 flights.
UK consumer confidence sees six-point 'Burnham bounce'
Consumer confidence rose six points in July, the largest increase since November 2023, driven by heatwaves, football success, and a new Prime Minister.
Bab al-Mandab threat pushes oil above $100
Houthi warnings to ships carrying Saudi crude through the Bab al-Mandab strait have helped push Brent crude above $100 a barrel, raising fears of further price surges.
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Gary Lineker Supports Millionaires Wealth Tax
Gary Lineker has voiced support for a wealth tax on millionaires, arguing that the super-rich should contribute more to society.
Interactive Map Shows All UK Areas Under Hosepipe Ban
Hosepipe bans affect 20 million Britons as eight water firms impose restrictions amid blistering heat and low reservoir levels. Interactive map shows impacted areas.
Burnham's handouts won't fix cost-of-living crisis
Andy Burnham's short-term policies like a 20% business rates cut for pubs and a VAT cut on electricity bills won't solve Britain's structural economic failures, warns Martyn Brown.
Labor’s ‘practical policy’ push, Epstein scout dead
Anthony Albanese will announce expanded paid work experience for healthcare students at Labor’s national conference, while an Epstein associate is found dead near Paris.
Households face £1,906 energy bills from October despite VAT cut
Households in England, Scotland and Wales are predicted to pay £1,906 for gas and electricity from October 1, despite a £45 VAT cut on electricity bills announced by Prime Minister Andy Burnham.
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Andy Burnham Wealth Tax: Poll on Millionaires' Letter
Over 100 UK millionaires, including Gary Lineker, urge PM Andy Burnham to introduce a wealth tax. Take our poll and have your say.
Andy Burnham tax cuts: Full list and what he might do next
Andy Burnham has announced VAT cuts on energy bills, a £2 bus fare cap, and business rate cuts for pubs. He hints at income tax allowance changes and land value tax.
Burnham puts income tax allowance increase on hold
Andy Burnham has ruled out raising the tax-free personal allowance for now, citing cost, despite acknowledging public frustration.
Burnham's £45 energy VAT cut slammed as 'embarrassing'
Andy Burnham's first move as PM—a £45 VAT cut on electricity bills—has been criticized as unfunded, short-lived, and wiped out by a predicted £93 rise in the price cap.
Lineker Urges Burnham to Tax Millionaires More
Gary Lineker calls on PM Andy Burnham to raise taxes on extreme wealth, but experts warn a wealth tax would harm growth and deter investment.
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June Heatwave Cost UK Economy Over £1bn, Study Finds
Last month's heatwave led to 24 million lost work hours and cost the UK economy £1.15 billion, according to research from the London School of Economics.
Gary Lineker among millionaires urging PM Burnham to tax wealth
More than 100 UK millionaires, including Gary Lineker, have signed a letter urging Prime Minister Andy Burnham to tax their wealth, proposing a 2% annual tax on assets above £10 million.
Gary Lineker among 120 millionaires urging PM to tax their wealth
Gary Lineker joins over 100 UK millionaires in a letter to Prime Minister Andy Burnham, organized by Patriotic Millionaires, calling for higher taxes on the wealthy.
Burnham declines to commit to changing tax-free allowance
New prime minister Andy Burnham has dealt an instant blow to taxpayers by announcing he is not making an immediate commitment to changing the tax-free personal allowance.
Rosé wine mistakes Brits make: ice and colour
Wine expert Sam Caporn MW reveals common rosé mistakes Brits make, including shunning ice and judging wine by colour instead of quality.
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Andy Burnham Warned Against £10bn Wealth Tax Plan
Andy Burnham has been warned to quash talk of a potential wealth tax, which could raise £10bn but risks driving the rich out of the UK.
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