Triple Lock to Add £15.5bn Yearly to Spending by 2030
The OBR forecasts the State Pension Triple Lock will add £15.5bn a year to spending by 2029-30, driven by high inflation and an ageing population, raising public debt concerns.
Category : Economy
American Adventure Theme Park Now Housing Estate
The American Adventure Theme Park in Heanor, Derbyshire, closed in 2007 after 20 years. Its site is now a housing estate, with a park on neighbouring land. The park featured record-breaking rides like Nightmare Niagara.
Hamburger Helper Sales Surge Signals UK Recession Fears
Hamburger Helper sales surge 14.5% as inflation and recession fears drive budget-conscious shopping, echoing 1970s economic conditions.
Reeves Faces Make-or-Break Moment as Iran Shock Derails UK Economic Recovery
Chancellor Rachel Reeves faces a make-or-break moment as the Iran conflict derails UK economic recovery, with rising oil prices threatening interest rate cuts and fiscal progress.
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State Pension Warning After Burnham Triple Lock Hint
Andy Burnham hints at retaining triple lock, but OBR warns it will add billions to public spending, pushing debt to 300% of GDP by 2075-2076.
De Zerbi Hits Out at Officials After Tottenham Drop Points in Relegation Battle
De Zerbi criticises officials after Tottenham draw with Leeds, leaving them two points clear of West Ham in relegation battle with two games left.
Siro Boka Place: A Montenegro Hotel Designed for Fitness and Wellbeing in the Bay of Kotor
Siro Boka Place in Montenegro offers state-of-the-art fitness and spa facilities, plus outdoor activities like hiking and kayaking in the Bay of Kotor.
Starmer Warns Fuel Companies Against Profiteering as Trade Body U-Turns on Meeting
PM Starmer warns fuel firms against profiteering as trade body U-turns on meeting with chancellor. Other political developments covered.
Budapest Champions League Final Highlights Closed Shop
Budapest hosts the Champions League final, but the tournament remains a closed shop for clubs from smaller nations, with only five countries winning since 2004.
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UK Economy Stagnates in January Amid Global Tensions
UK economy flatlined in January with 0% GDP growth, missing forecasts amid global tensions and rising energy prices.
Reeves's Dilemma: Break Tax Pledges or Abandon Labour Principles
Chancellor Rachel Reeves faces a dilemma between tax pledges and Labour principles as she prepares spring statement amid welfare cuts backlash.
Burnham Warned Over Cost of Tackling Regional Income Gap
The Resolution Foundation warns that closing the UK regional income gap, which has persisted for 30 years, requires investment on a scale no recent leader has met. Disposable incomes in Kensington and Chelsea are 4.5 times higher than in Leicester.
Reeves Urged to Break Manifesto Pledges to Avoid 'Pasty Tax' Budget
Rachel Reeves urged to break manifesto pledges to avoid a 'pasty tax' budget, as OBR presents grim forecast leaving up to £40bn shortfall.
White House Considers Suspending Jones Act to Tackle Fuel Prices
Trump administration considers suspending Jones Act to lower fuel prices amid Iran conflict, allowing foreign ships for domestic fuel transport.
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Thames Water Creditors Pledge £3.4bn in Improved Rescue Bid
Thames Water creditors pledge £3.4bn in improved rescue bid to avoid nationalisation, with new equity and debt injection under review.
Reeves' Upbeat Spring Statement Masks Economic Vulnerabilities
Rachel Reeves' upbeat spring statement faces scrutiny as global turbulence and Middle East conflict threaten UK economic stability.
Panic Buying Puts Australia’s Fuel Supply at Risk, Experts Warn
Panic buying, not a shortage, is the biggest risk to Australia's fuel supply, experts warn, as regional stations run dry amid Middle East tensions.
RBA Rate Hike Hits Australian Families: Mortgage Repayments Soar
RBA hikes cash rate to 4.35%, adding $117 to average mortgage repayments as inflation rises.
HMRC Tax Refund Delays Leave Some Waiting Over a Year
HMRC tax refund delays stretch over a year for some, with backlogs and budget cuts blamed. Borrowing and frustration mount.
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US Tax Refunds Rise 10% to $3,742 Average Amid Trump Reforms, but Wealthy Benefit Most
US tax refunds average $3,742, up 10% from 2025, but wealthy benefit most; low earners see minimal gains under Trump reforms.
Middle East Crisis Could Push UK Inflation Back Up to 3%, Says OBR
OBR warns UK inflation could hit 3% due to Middle East energy price shock, with oil and gas prices rising sharply.
95% of Americans Believe US in Affordability Crisis
Exclusive Harris Poll for the Guardian finds 95% of Americans believe the US faces an affordability crisis, with half struggling to afford groceries and gas and 57% saying the economy is worsening.
Andy Burnham Warned of 'Explosive' National Debt Rise to 300%
The OBR warns UK national debt could triple to 300% of GDP over 50 years, driven by an ageing population and healthcare costs, as Andy Burnham prepares to become PM.
OBR Warns UK National Debt Could Triple to £9 Trillion by 2075
The OBR warns UK national debt could surge to 300% of GDP over 50 years, driven by an ageing population and healthcare costs, as Andy Burnham prepares to become PM.
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US Postal Service Faces Cash Crisis Without Congressional Aid
USPS will run out of money by February 2027 unless Congress lifts its $15bn borrowing cap, says Postmaster General David Steiner.
Thames Water Creditors Pledge £3.4bn in Enhanced Rescue Bid
Thames Water creditors pledge £3.35bn equity and £6.55bn debt in improved rescue bid to avoid nationalisation.
UK Economy Flatlines in January as Iran War Sparks Inflation Fears
UK economy flatlined at 0% GDP growth in January, missing forecasts, as Iran conflict drives energy prices higher and stokes inflation fears.
HMRC Warns Taxpayers Of Mandatory Digital Rules From 2026
HMRC warns taxpayers of mandatory Making Tax Digital rules from April 2026, starting with those earning over £50,000.
US Jobless Claims Hit Highest Level Since Iran War Began
US jobless claims hit highest level since Iran war began, rising to 225,000 amid economic uncertainty and rising inflation.
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Celtic's Big Spenders: £70m Bank Balance Fuels Transfer Demand
Celtic fans demand big spending as club holds £70m in bank. History shows high-value signings like Engels, Edouard, and Sutton paid off, while cheaper buys flopped.
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