Citizens Advice Provides Crisis Support Every 30 Seconds as Bills Rise
Citizens Advice warns it is providing crisis support every 30 seconds as household bills rise, with record debt levels and calls for more government help.
Category : Economy
DWP Universal Credit claimants could get £1,200 boost
DWP Universal Credit claimants could get a £1,200 bonus through the Help to Save scheme. Three million people are now eligible.
Reeves Proposes Regional Tax Revenue Sharing for England's Mayors
Chancellor Rachel Reeves proposes sharing national tax revenues with England's regional mayors to rebalance the economy and shift power from Westminster.
Reeves Vows Fastest G7 AI Adoption and Closer EU Relationship
Chancellor Rachel Reeves pledges fastest G7 AI adoption and deeper EU ties, backed by £2.5bn tech investment, in economic growth strategy.
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National Lottery Lotto and Thunderball Results for Saturday 30 May
Lotto jackpot of £3.8m and Thunderball top prize of £500k for Saturday 30 May. Winning Thunderball numbers: 5, 20, 24, 28, 39.
Condom Prices Could Rise 30% Due to Iran War, Says Top Producer
Karex, world's top condom maker, plans 20-30% price hike due to Iran war supply chain disruptions and rising costs.
Australia Inflation Hits 4.6% as Iran War Fuel Shock Bites
Australia's inflation jumps to 4.6% as Iran war fuel shock begins, with RBA expected to hike rates again.
Antonelli Wins Miami GP, Leads Championship
Kimi Antonelli holds off Lando Norris to win F1 Miami GP, taking third consecutive victory and extending championship lead to 20 points.
Asda Boss Warns of Temporary Fuel Shortages Amid Iran War
Asda boss warns of temporary UK fuel shortages due to Iran war, with demand outstripping supply ahead of Easter.
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UK Shop Prices Rise Amid Middle East Conflict Supply Chain Woes
UK shop prices rise as Middle East conflict pushes oil to $97.58, stoking inflation fears and hitting house prices and stock market.
Cathay Pacific Flight Plunges in Severe Turbulence, 10 Injured
Ten injured as Cathay Pacific flight from Brisbane to Hong Kong plunges in severe turbulence near landing.
Treasury Has No Analysis on UK's 3.5% NATO Defence Promise
The UK Treasury has not analysed trade-offs needed to meet the 3.5% GDP defence spending target, leaving decisions to the next prime minister, chief secretary Lucy Rigby told MPs.
Recession Fears Grow as Rate Hikes and Petrol Prices Squeeze Households
Australian households face $1bn monthly hit from rate hikes and petrol prices, with recession risks rising as inflation climbs.
UK Faces 'Tsunami' of Pensioner Poverty as Crisis Deepens
Liz Kendall warns of a 'tsunami' of pensioner poverty unless the UK overhauls its retirement saving system, launching a commission to explore reforms.
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Australia Set to Avoid Recession Despite Oil Shock
Economists say Australia will escape a full recession despite the biggest global oil supply shock in history, though living standards are expected to languish.
UK Regional Income Gap Unchanged for 30 Years Despite Promises
Britain's regional household income divide has barely changed in 30 years, with disposable incomes in Kensington and Chelsea four and a half times higher than in Leicester, according to a Resolution Foundation report.
IMF Upgrades UK Growth Forecast Amid Diminished Iran War Impact
The IMF upgraded UK GDP growth to 1% for 2026, making it the third fastest-growing G7 economy, as fears over the Iran war's economic impact ease.
Middle East Tensions Threaten UK Inflation Hopes
Renewed Middle East conflict risks derailing UK inflation fall to 2% by mid-2027, as oil prices jump 5% and IMF warns of economic toll.
UK Inflation to Ease Faster Than Expected, IMF Says
The IMF projects UK inflation will hit the 2% target by mid-2027, earlier than previously forecast, as the global economic shock from the Middle East conflict is 'better than feared'.
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Australia Secures Fuel Supply Assurances from Asian Partners Amid Iran Conflict
Australia secures fuel supply assurances from Asian partners amid Iran conflict, with government prioritising relationships to avert shortages.
Oil Prices Surge to Highest Since US-Iran Ceasefire, Sparking Recession Fears on Wall Street
Brent crude hits $107.48, highest since US-Iran ceasefire, as conflict disrupts Gulf production, sparking recession fears and consumer confidence drop.
Reeves Pledges Treasury Reform to Boost UK Economy
Chancellor Rachel Reeves pledges to boost UK growth by unblocking infrastructure and private investment, with planning reforms and a national mission for economic growth.
Travis Perkins Warns of Building Material Price Hikes
Travis Perkins warns of price hikes for cement, chipboard, and paint due to raw material shortages and surging demand as lockdown eases.
US and UK Central Banks Expected to Hold Rates Amid Iran Peace Deal
US and UK central banks expected to hold interest rates amid Iran peace deal, easing inflation pressures. Fed's first decision under Kevin Warsh.
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Capital Gains Tax Discount Changes Expected In May Budget
May budget expected to include changes to capital gains tax discount, possibly reducing it from 50% to 25% or capping gains.
UK faces biggest growth hit from Iran war among major economies, OECD warns
OECD warns UK faces biggest growth hit from Iran war among major economies, with inflation set to surge to 4%.
Company Insolvencies Jump 7% in March Amid Iran War Cost Pressures
UK company insolvencies rose 7% in March amid Iran war cost pressures, with administrations surging 52% and experts warning of further failures.
April Bill Rises Add Over £200 to Household Costs
UK households face over £200 in annual bill increases from April, including council tax, water, broadband, and mobile costs.
Brent Council to Roll Back Blue Sack Recycling Scheme
Brent Council plans to roll back the unpopular blue sack recycling scheme after residents stopped recycling, with a 3,500-signature petition. The council admits the system 'does not work equally everywhere' and will conduct an evidence-led review.
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Andy Burnham Faces Fiscal Crisis After Reeves’ Legacy
Andy Burnham inherits a fiscal timebomb from Rachel Reeves, with £140bn borrowing this year and an OBR warning of unsustainable debt at 95% of GDP, forcing impossible choices.
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