IRS Tax Changes: Bigger Refunds for Seniors and Workers
Major tax reforms under the Big Beautiful Bill Act are set to increase refunds for many Americans, with new deductions for seniors, overtime pay, and higher SALT limits.
Category : Economy
Middle-Class Dream Fades as Costs Soar in America
A new poll reveals most American voters believe achieving a middle-class lifestyle is increasingly difficult, with housing and education seen as unaffordable by majorities.
UK Loses More Jobs to AI Than Other Major Economies
New research from Morgan Stanley shows the UK is experiencing net job losses due to AI adoption, with British companies reporting an 8% reduction in roles. Over a quarter of workers fear redundancy within five years.
Warrington Leads UK Economic Boom with 41% Growth
A new study reveals 11 UK towns and cities, including Warrington and Barnsley, have seen disposable incomes rise twice as fast as the national average over the past decade.
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Australian Households Brace for Another Year of Financial Pain
Australian households are warned to prepare for continued financial pressure in 2026, with inflation cooling slowly and essential costs for housing, energy, and groceries set to surge further.
CBI Survey Shows Fragile Business Confidence in UK
The Confederation of British Industry warns of a broad-based downturn in private sector activity for early 2026, with services, retail, and manufacturing all expecting declines.
Minnesota CEOs Call for Deescalation After Shooting
Over 60 Minnesota CEOs including Target and Best Buy leaders sign open letter urging officials to reduce tensions following fatal immigration enforcement shootings.
Minnesota CEOs Urge De-escalation After Shootings
Over 60 Minnesota CEOs including Target and Best Buy leaders sign open letter calling for cooperation between officials following fatal shootings during immigration enforcement.
German Economists Urge Gold Repatriation Over Trump Risks
Leading German economists call for repatriating billions in gold from US vaults, citing Trump's unpredictability and shifting transatlantic relations as key risks to strategic independence.
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HMRC Warning: Check Tax Details to Avoid Payment Errors
Taxpayers across the UK are being warned to verify their details with HMRC as messages about owed amounts circulate. Experts advise regular checks to prevent incorrect tax payments and potential fines.
Martin Lewis Tax Warning for State Pensioners Over Key Rule
Money expert Martin Lewis has highlighted a widespread misunderstanding about marginal tax rates that affects people of all ages, including those approaching state pension age.
HMRC Warns 3.3 Million Taxpayers of £100 Fine Deadline
HM Revenue and Customs urges millions to file self-assessment tax returns before 31 January to avoid automatic £100 penalties, with support available online.
Redefining Economic Forums for Inclusive Dialogue
A new vision for economic forums that prioritises public engagement and transparency, moving beyond exclusive gatherings to foster broader societal participation.
UK Food Insecurity Crisis: 1 in 30 Adults Run Out of Food
New ONS data reveals the escalating cost of living crisis, with soaring food prices forcing one in thirty UK adults to run out of food in the past fortnight.
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Magners Maker C&C Warns on Profits After Demand Slump
Drinks giant C&C Group, owner of Magners cider and Tennent's lager, has issued a profit warning following weaker-than-expected consumer demand after the autumn budget. Shares fell sharply as the company revealed disappointing trading.
1 in 30 UK Adults Run Out of Food Amid Cost Crisis
New ONS data reveals the severe impact of the cost of living crisis, with food and energy costs hitting budgets hardest and affecting vulnerable groups disproportionately.
HMRC: 3.3 Million Must File Tax Returns to Avoid £100 Fine
HM Revenue and Customs urges millions to file Self Assessment tax returns before January 31 deadline or face automatic £100 penalty, with payment plan options available.
3.3m Taxpayers Urged to File Returns Before Deadline
HM Revenue and Customs warns over three million people have just a week left to file their self-assessment tax returns or face automatic penalties. The deadline is January 31.
UK Business Growth Hits 21-Month High in January
The UK's private sector expanded at its fastest rate since April 2024, with the S&P Global PMI rising to 53.9 in January, significantly exceeding economists' forecasts.
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Davos Final Day: Global Economy Focus Amid Warnings
The World Economic Forum concludes in Davos with global economy discussions. ECB's Lagarde warns of trust erosion from Trump's threats, while IMF and WTO leaders assess outlook.
Peter Kyle's 'Betting Big' Strategy for UK Economic Growth
UK Business Secretary Peter Kyle outlines an activist industrial policy at Davos, focusing on scaling businesses and attracting global talent to boost growth.
Child Benefit Rates to Rise from April 2026
HMRC confirms Child Benefit payments will increase by 3.8% from April 2026, with new weekly rates for first and additional children. Details on eligibility and the High Income Child Benefit Charge.
Millionaires Demand Higher Taxes on Super-Rich
Over 3,000 millionaires and billionaires sign open letter calling for wealth taxes, arguing extreme inequality threatens democracy and planetary stability.
Government Borrowing Falls Sharply as Tax Receipts Surge
Official figures reveal UK government borrowing dropped to £11.6 billion in December, a 38% decrease from 2024, driven by increased tax receipts including national insurance contributions.
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Trump's Economic Promises Fail as Voter Discontent Grows
Donald Trump's first year back in office sees food and energy prices rising faster than under Biden, with voters expressing strong disapproval of his economic management despite a flurry of new policy proposals.
Reeves Denies Rate Relief Extension to Hospitality
Chancellor Rachel Reeves refuses to extend business rate relief beyond pubs, despite evidence of massive job losses and calls from hotels, restaurants, and cafes for support.
Government Borrowing Falls Sharply as Tax Receipts Surge
Official figures reveal UK government borrowing dropped sharply to £11.6 billion in December, with tax receipts boosted by national insurance increases outweighing spending rises.
UK Government Borrowing Falls to £11.6bn in December
Official figures show UK government borrowing dropped to £11.6bn in December, better than expected, but debt interest remains a significant burden on public finances.
Reeves' Tax and Spending Strategy in Public Finance Figures
December public finance figures show central government receipts up 8.9% to £94bn with tax income rising £4.6bn, but spending increased 3.5% including £2.1bn extra on welfare. Borrowing stood at £11.6bn.
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Government Borrowing Falls Sharply as Tax Receipts Jump
Official figures reveal UK government borrowing dropped to £11.6 billion in December, a 38% decrease from 2024, driven by higher tax and national insurance receipts.
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