Bank of England Governor Signals Interest Rate Cuts This Year
Andrew Bailey told MPs that interest rates are likely to be cut in 2024 as inflation falls sharply, offering relief to mortgage-payers and households.
Category : Economy
AstraZeneca CEO's Pay Hits £17.7m as Profits Surge
AstraZeneca's CEO Pascal Soriot received a 6.4% pay rise to £17.7m last year, reflecting a 32% share price increase and strong cancer drug sales, despite cancelled UK investments.
State Pension Triple Lock Warning: Future Increases May Be Lower
Financial expert warns state pension triple lock increases may drop significantly next year, with average earnings likely determining a lower rate amid inflation concerns and eligibility changes.
Economist: RBA Rate Hikes Based on Flawed Inflation Data
Leading economist Jim Stanford accuses the Reserve Bank of Australia of misreading inflation drivers, arguing rate hikes punish mortgage holders for corporate profit-led price pressures.
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RBA Deputy Governor Defends Single Tool Amid Inflation Criticism
Reserve Bank of Australia deputy governor Andrew Hauser addresses interest rate decisions, political critiques, and public concerns on inflation and housing in a revealing podcast interview.
Gender Equality at UK Top Firms 'Achingly Slow'
Research reveals stalled progress on female CEOs in FTSE 100, with only nine women leading top firms, missing key targets for gender equality in senior roles.
Trump Imposes 15% Global Tariffs After Court Ruling, Markets Stumble
Donald Trump announced temporary 15% tariffs on all US imports, defying a Supreme Court ruling. Global stock markets fell as investors faced renewed trade war uncertainty.
Fed's Waller: March Rate Cut Now a 'Coin Flip' After Jobs
Federal Reserve Governor Christopher Waller says solid January job gains could delay a March rate cut, describing the decision as a 'coin flip' amid political pressure from President Trump.
BOE Official: US Tariffs Are Here to Stay, Threaten Economy
Bank of England rate-setter Alan Taylor warns US tariffs will remain elevated for years, potentially causing prolonged economic shockwaves, while forecasting UK interest rate cuts ahead.
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US Tax Refunds Surge 14.2% for Early Filers
Americans filing early for the 2025 tax year are receiving significantly larger refunds, averaging $2,476, up 14.2% from last year. Economists caution this reflects overpayment due to unadjusted withholding under new tax laws.
Martin Lewis: Parents May Claim £5,000 in State Pension Back Payments
Personal finance expert Martin Lewis warns that parents who cared for children between 1978 and 2010 could be owed thousands due to a state pension error affecting over 100,000 people.
Kelty's Capital Gains Tax Plan Ignites Labor Party Debate
Former union leader Bill Kelty urges Labor to reconsider capital gains tax reforms, sparking internal discussions and analysis from Treasurer Jim Chalmers.
South Africa's Desperate Gold Rush: Miners Risk Lives
In South Africa, a modern gold rush sees desperate miners risking their lives in abandoned shafts, driven by economic hardship and soaring gold prices.
Russian Businesses Face Pain from Wartime Tax Policy
As Russia's invasion of Ukraine enters its fourth year, new tax policies are squeezing small businesses from bakeries to beauty salons, forcing closures and threatening economic growth.
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Capital Gains Tax Discount Faces Union-Led Inquiry Demands
Australia's peak union body argues the capital gains tax discount has failed its original purpose, with hearings beginning to consider reducing it from 50% to 25% for fairness.
Trump Trade War Risks Undermining US Interest Rate Cut Hopes
Donald Trump's proposed trade tariffs could fuel inflation, complicating the Federal Reserve's ability to implement significant interest rate cuts, economists warn.
Food Producers Sound Alarm on Soaring Energy Charges
Indoor growers in the UK, including Thanet Earth, warn that a 60% rise in electricity standing charges from April will cripple competitiveness, drive up food prices, and threaten domestic production.
Reeves Confronts Spending Demands in Precarious UK Economy
Chancellor Rachel Reeves prepares for her spring statement amid calls for increased spending, despite warnings of a fragile UK economy and strained public finances.
Four UK Firms Collapse as Administration Cases Jump 41%
A prestigious fashion retailer, a luxury chocolatier, a jewellery manufacturer, and a construction firm have all entered administration this week, highlighting a 41% spike in corporate insolvencies across the UK.
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HMRC's Making Tax Digital: Self-Assessment Overhaul for Traders
HMRC's Making Tax Digital initiative mandates sole traders and landlords with income over thresholds to use commercial software for quarterly tax updates, starting this spring.
Australian Pensioners Get Payment Boost, Deeming Rates Change
Over five million Australians, including 2.5 million pensioners, will see increased social security payments from March 20, alongside adjusted deeming rates for financial assets.
HMRC: Wait Until April 6 for Pension Tax Refunds
HMRC has issued guidance urging pensioners who overpaid tax to wait until April 6, 2026, to claim refunds via Self Assessment, alongside details on upcoming tax changes and state pension increases.
UK Economy Brightens Ahead of Reeves' Spring Statement
Record public finances, surging retail sales, and accelerating business activity provide a positive backdrop for Chancellor Rachel Reeves' upcoming spring statement, though analysts warn of ongoing economic vulnerabilities.
IRS Tax Refund Delays: Staff Shortages and Backlogs
Millions of Americans face extended IRS tax refund delays due to staffing shortages and processing backlogs, with electronic filings taking up to 21 days and paper returns up to 42 days.
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Trump Denies Blame as US GDP Growth Slows to 1.4%
The US economy experienced a dramatic slowdown in fourth-quarter growth, with GDP increasing at just 1.4% annually. Former President Trump insists he's not to blame, pointing to political factors instead.
US GDP Growth Slows to 1.4% in Q4 2025, Misses Forecasts
US economic growth slowed sharply to 1.4% in Q4 2025, missing forecasts of 3%, due to government shutdown disruptions and consumer spending moderation, though AI and tax cuts may boost 2026.
US Economy Growth Slows to 1.4% in Fourth Quarter
The US economy expanded at just 1.4% in Q4 2025, down sharply from previous quarters, as government and consumer spending weakened. The slowdown highlights unusual economic conditions with solid growth but weak job creation.
UK's £30.4bn Economic Boost: Can It Last?
The UK recorded a record £30.4bn budget surplus in January, offering Chancellor Rachel Reeves a major win. However, experts question whether this windfall is sustainable amid economic volatility and policy challenges.
UK's £30.4bn Economic Boost: Can It Be Sustained?
The UK government recorded a record £30.4bn budget surplus in January, beating forecasts and offering hope for the economy. However, questions remain about sustainability and future policy directions.
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US Economy Slows to 1.4% Growth as Inflation Stays High
New data reveals the US economy grew at just 1.4% annually in Q4 2025, missing forecasts, while core inflation remained at 3%, complicating Federal Reserve decisions.
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