RBA Deputy Governor Defends Single Tool Amid Inflation Criticism
RBA deputy governor Andrew Hauser defends the bank's single interest rate tool against criticism from shadow treasurer Tim Wilson, addressing inflation, house prices, and inequality.
Category : Economy
CBO Warns of Worsening Federal Deficits and Rising Debt Over Next Decade
CBO projects worsening US federal deficits and rising debt over the next decade, driven by spending on Social Security, Medicare, and debt service.
Four Reforms To Address Australia's Inheritance Inequality
Economists propose four tax reforms to tackle Australia's $5.4tn inheritance inequality and prevent entrenched disparity.
Middle East Conflict Threatens Rachel Reeves Economic Plans
Middle East conflict threatens UK economy as OBR warns of significant impacts, growth downgraded, and energy prices surge.
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Super El Nino Threatens UK Food and Energy Prices
A 'super' El Nino developing in the Pacific could trigger a new cost of living crisis, sending prices of everyday essentials soaring in British shops, climate and retail experts warn.
Lower Income Families Face 137 Year Wait For Living Standards
Resolution Foundation says lower-income families face 137-year wait for living standards to double due to weak pay growth since 2005, fuelling political unease.
Amazon UK Corporation Tax Bill Halved Despite Tripling Profits
Amazon's UK corporation tax bill halved to £4.5m despite profits tripling to £72m, sparking debate over tax practices and investment.
Global Markets Slide as Tech Sell-Off and China Slowdown Stoke Fears
Global markets fall after tech sell-off and weak China data; FTSE 100 down 1.1%, Nvidia drops 3.6%.
Nobel Winner Warns UK Risks US-Style Inequality
Nobel-winning economist Sir Angus Deaton warns UK risks US-style inequality, citing stagnant pay, geographical divides, and rising 'deaths of despair'.
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Peter Kyle adopts activist approach to boost UK economic growth
UK Business Secretary Peter Kyle adopts activist industrial policy, 'picking winners' with direct state investments to boost economic growth.
Shell Profits Fall Nearly a Third as Gas Prices Tumble
Shell's Q2 profits fell nearly a third to $4.26bn due to lower gas and oil prices, but beat forecasts, allowing continued share buybacks.
Zombie Firms On Brink As Critical Distress Jumps 44%
Over 47,000 UK firms face critical financial distress, up 25% in Q4 2023, with construction and property hardest hit, warns Begbies Traynor.
HMRC Sends 1.3 Million Tax Letters as Threshold Freeze Bites
HMRC sent 1.32 million tax letters in 2023-24, double 2021-22, as frozen thresholds drag more into tax, hitting pensioners and savers.
UK Economy Grows 0.1% in Q4 2025 Amid Budget Uncertainty
UK GDP grew just 0.1% in Q4 2025, missing forecasts, as business investment fell and services stagnated. Full-year growth was 1.3%.
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UK Economy Grew 0.1% in Q4 2025 Despite Budget Uncertainty
UK GDP grew 0.1% in Q4 2025, missing forecasts, as business investment fell and consumer spending remained weak amid Budget uncertainty.
RBA Forecasts Wages to Trail Inflation Until 2027
RBA forecasts wages to trail inflation until 2027, eroding purchasing power to 2011 levels, despite weak household spending.
Oxford Scientist's £80m Plan to Revolutionise Economic Forecasting
Doyne Farmer's $100m super-simulator of the global economy aims to revolutionise forecasting and accelerate the green transition.
Iran Conflict Adds Economic Uncertainty for US Amid Inflation and Growth Concerns
US and Israeli attacks on Iran raise oil prices and economic uncertainty, with potential for higher inflation and slower growth if conflict persists.
Bentley Owner Seeks Trust to Avoid Inheritance Tax on £250,000 Classic Car
89-year-old Terry Mackintosh considers putting his £250,000 vintage Bentley in a trust to avoid inheritance tax for his children.
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Chalmers Rejects Inflation Blame as Economic Agenda Shifts
Treasurer Jim Chalmers rejects opposition claims Labor fuels inflation, outlines tax reform and intergenerational focus ahead of May budget.
Hoseasons Launches Fuel Cover to Reimburse Holidaymakers' Petrol Costs
Hoseasons launches Fuel Cover to reimburse up to £75 in fuel costs for holidaymakers this summer, amid rising petrol prices.
Four in 10 UK Drivers See Car as Happy Place
Poll finds 42% of UK drivers find driving relaxing, 53% enjoy independence, and 40% see car as happy place.
Tesla Annual Profit Plunges to Lowest Since Pandemic
Tesla's annual net income dropped 46% to $3.8bn, the lowest since the pandemic, amid sales boycotts and competition.
Andreas Whittam Smith, co-founder of the Independent, dies aged 88
Andreas Whittam Smith, co-founder of the Independent, dies aged 88. He also led film classification and served the Church of England.
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Man Dies After Alleged Push by Garda in Dublin
A 51-year-old man dies after being allegedly pushed by a Garda in Dublin; Fiosru investigates.
Pensioners Can Check If Winter Fuel Payment Will Be Reclaimed by HMRC
HMRC launches online calculator for pensioners to check if Winter Fuel Payment will be reclaimed due to income over £35,000.
UK Graduates Say Student Loans Burden Their Lives and Careers
UK graduates burdened by student loans avoid promotions, take low-paid work, or remortgage homes to manage unaffordable repayments.
Labor Eyes Capital Gains Tax Reform To Tackle Housing Crisis
Labor considers capital gains tax reform to address housing crisis, with strong majority and Greens support.
Alcohol Duty Increase 'Sickening' for Pub Industry in Northern Ireland
The biggest alcohol duty rise in 50 years takes effect, with pubs and shops warning of price increases for customers in Northern Ireland.
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UK Economy Grows 0.3% in November, Beating Forecasts
UK GDP grew 0.3% in November, beating forecasts, driven by car production recovery after JLR cyber-attack. Construction slump continues.
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