NSW Premier Slams GST Distribution as WA Gets Billions
New South Wales faces a reduced GST share relative to population, sparking outrage from Premier Chris Minns, while Western Australia gains an extra $5.5 billion due to a 2018 deal.
Category : Economy
UK Economy Flatlines in January as Iran War Sparks Inflation Fears
Official figures show zero GDP growth in January, defying forecasts, with the Iran conflict threatening to push inflation higher and stall economic recovery.
UK Economy Flatlines in January as Growth Falters
Official figures reveal zero GDP growth in January, defying forecasts of 0.2% expansion. The stagnation follows subdued growth in late 2023, with concerns mounting over inflation risks from the Iran conflict.
UK Economy Unexpectedly Flatlines in January
Official figures reveal zero GDP growth in January, defying forecasts of 0.2% expansion, as housebuilding slumps and Iran conflict fuels inflation fears.
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UK Economy Flatlines in January, US Eases Russian Sanctions
The UK economy recorded zero growth in January, while the US eased sanctions on Russian oil to address the energy crisis. Other headlines include a teenage boy charged with attempted murder and Trump's comments on Iran.
UK Economy Flatlines in January as Budget and Conflict Weigh
Official figures reveal zero GDP growth in January, falling short of forecasts, as uncertainty from Rachel Reeves's budget and Middle East tensions threaten inflation and rate cuts.
UK Economy Flatlines in January as Oil Prices Soar
New ONS data reveals zero growth in the UK economy for January 2026, following modest expansion in late 2025. Experts warn of inflation risks from the US-Israeli war on Iran.
UK Economy Stagnates in January Amid Global Tensions
Official figures reveal zero GDP growth in January, dealing a blow to Rachel Reeves and raising concerns about economic resilience amid rising energy prices.
UK Economy Stagnates in January, Blow to Starmer
The UK economy recorded zero growth in January, new ONS data shows, as Chancellor Rachel Reeves struggles to meet Labour's key manifesto pledge amid rising oil prices from the US-Israeli war on Iran.
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UK GDP Report for January Shows Growth Amidst Global Uncertainty
The UK GDP report for January 2026 indicates a 0.2% growth, up from December, but Middle East conflicts and oil price surges cast doubt on economic stability and inflation risks.
Trump Dismisses Gas Price Rise in Iran War as US Oil Gain
President Trump shrugs off soaring gas prices linked to US-Israeli war on Iran, claiming US profits from high oil costs, while AAA reports $3.60 per gallon average.
Trump's Iran War Victory Claim Amid Oil Price Surge
President Trump declared victory in the Iran War, but oil markets are in turmoil as Iran closes the Strait of Hormuz, attacks tankers, and sends prices soaring, with Goldman Sachs warning of inflation risks.
Reeves Confronts Fuel Bosses Over Pump Price Profiteering
Chancellor Rachel Reeves demands fair fuel pricing from retailers, warning against exploiting Middle East crisis. CMA investigation launched as petrol and diesel costs surge.
Iran War Fears Trigger Market Reactions and Political Clash
Escalating tensions in Iran have led to significant market volatility and fierce political discussions in Australia, with leaders from Labor, Liberals, and Nationals weighing in on the crisis.
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White House May Suspend Jones Act to Lower Fuel Prices
The Trump administration is reportedly preparing to temporarily waive the century-old Jones Act, allowing foreign ships to transport fuel between U.S. ports to combat soaring oil prices following the US-Israeli war on Iran.
HMRC's £2,000 NI Cap on Pension Salary Sacrifice Advances
A key decision has been made on reforms requiring National Insurance payments for pension salary sacrifice increases over £2,000 annually, with the Lords voting to raise the limit to £5,000.
Capital Gains Tax Discount Favours Rich Australian Electorates
New analysis reveals the 50% capital gains tax discount disproportionately benefits investors in affluent areas like Sydney's Wentworth, with calls for reform to address inequality.
April 2026 Payment Dates for Benefits and Pensions
Essential guide to April 2026 payment dates for universal credit, benefits, and pensions, plus cost of living support amid economic challenges and inflation trends.
Mexico's Wealth Gap: 1% Holds 40% as Billionaires Prosper
A new Oxfam report reveals extreme inequality in Mexico, with the richest 1% owning 40% of wealth. While poverty has decreased, the gap remains stark, illustrated by neighborhoods like Santa Lucía Reacomodo.
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Oil Price Surge: Impact on UK Household Finances Explained
Brent crude oil prices surge past $100 after Iraq tanker attacks, threatening higher energy bills, inflation, and mortgage rates while creating volatility in UK markets.
Oil Soars Above $100 After Iran Attacks Tankers in Iraq
Oil prices have surged past $100 a barrel following suspected Iranian attacks on tankers in Iraqi waters, with Donald Trump stating the US has 'won' the war but needs to 'finish the job'.
Iran War Could Worsen UK Cost of Living Crisis
Rising oil prices and market turmoil from the Middle East conflict could drive up energy bills, mortgage rates, and petrol costs, intensifying financial pressures on households.
Adam Smith's True Legacy: Beyond Free-Market Myth
On the 250th anniversary of The Wealth of Nations, scholars argue Adam Smith's nuanced views on inequality, institutions, and social justice have been overshadowed by neoliberal caricatures.
Iran War May Deepen UK Cost of Living Crisis
A potential conflict between Iran and the US-Israel alliance could spike oil prices and inflation, exacerbating the UK's ongoing cost of living crisis, according to economic analysts.
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NYC Mayor's Tax Plan Divides Wealthy Residents
New York City Mayor Zohran Mamdani's proposal to tax high earners and corporations sparks debate among affluent residents, with some threatening to leave while others advocate for the policy.
Forbes 2026: Beyoncé, Dr. Dre, Cameron Join Billionaires Club
Forbes reveals 390 new billionaires globally in 2026, with the U.S. leading at 106. Beyoncé, Dr. Dre, and James Cameron headline the list, while self-made entrepreneurs dominate.
Reeves Weighs Energy Support as Fuel Prices Soar
Chancellor Rachel Reeves refuses to rule out scrapping a planned fuel duty rise, promising targeted support for households facing rising energy costs due to Middle East tensions.
Iran Warns of $200 Oil as Gulf Attacks Disrupt Supplies
Iran's military warns the world to prepare for oil at $200 per barrel as attacks on ships in the Gulf continue, causing the worst energy supply disruption since the 1970s.
Starbucks Founder Schultz Retires to Florida as Tax Bill Passes
Howard Schultz announces retirement move to Florida on same day Washington Democrats pass millionaires tax bill. Starbucks founder praises Seattle but shifts operations to tax-friendly Tennessee.
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Reeves Admits 'Valid Argument' Against National Insurance Hike
Chancellor Rachel Reeves concedes there's a 'valid argument' against her national insurance increase amid rising youth unemployment, but defends it as necessary for NHS funding.
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