China's New 5-Year Plan: Lowest Growth Target Since 1991
China unveils its lowest economic growth target since 1991 at 4.5-5% for 2026, alongside a five-year plan focusing on tech self-reliance, military modernisation, and demographic challenges.
Category : Economy
Iran War Threatens Globalisation, UK Highly Vulnerable
Iran's economic retaliation to US-Israel attacks threatens global markets, with Britain uniquely exposed due to its reliance on imports and financial dependencies, risking energy and food price surges.
Cost of Living Q&A: Hilary Osborne Answers Your Money Questions
Money expert Hilary Osborne addresses pressing cost of living questions, offering advice on budgeting, energy bills, and financial support in a comprehensive Q&A session.
Iran War Could Hike UK Food Prices via Energy Costs
Conflict in the Gulf threatens to increase UK supermarket bills through rising oil and gas prices, affecting food production and transport costs despite diversified supply chains.
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HMRC Digital Tax Changes for Self-Employed and Landlords from April 2026
Self-employed individuals and landlords earning over £50,000 must prepare for Making Tax Digital for Income Tax by April 2026, requiring digital records and quarterly updates to HMRC.
China's GDP Target Hits Record Low at Two Sessions Meeting
China announces a GDP growth target of 4.5-5% for 2026, the lowest in decades, as it shifts to 'high-quality growth' focusing on hi-tech industries and domestic demand.
China Lowers Economic Growth Target to 4.5%-5% for 2026
China has set a reduced economic growth target of 4.5% to 5% for this year, down from previous years, citing prolonged property market challenges and global headwinds.
Middle-Class Income Varies Widely Across US Cities
A new SmartAsset report shows the income needed to be middle class differs sharply by location, from over $98,000 in San Jose to under $29,000 in Cleveland, highlighting regional economic disparities.
Iran Conflict Could Raise US Gas, Shipping and Grocery Bills
The US military operation against Iran could trigger significant economic impacts, including rising gas prices, shipping disruptions, and higher food costs due to fertilizer supply chain issues.
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Iran War Makes Reeves' Spring Statement Outdated
The UK chancellor's economic plan faces immediate obsolescence as Middle East conflict disrupts global energy markets and threatens UK growth prospects.
Iran War Survival: 10 Items Brits Should Buy Now
As the Iran conflict disrupts global oil supplies, Brits face potential price surges on everyday essentials. Experts recommend stockpiling these 10 key items to prepare for economic fallout.
Reeves: UK Economy Strong Enough to Weather Iran Crisis
Chancellor Rachel Reeves asserts the UK economy is resilient enough to handle Middle East turmoil, despite warnings of potential £500 energy bill hikes and interest rate rises.
Middle East War Threatens UK Living Standards and Finances
Rising energy prices from Middle East tensions could fuel inflation, hike interest rates, and erase household income gains, impacting mortgages, bills, and investments across the UK.
Middle East War Could Spark Global Economic Crisis
A new podcast analysis explores how escalating tensions in the Middle East could trigger a worldwide economic downturn, with experts warning of severe impacts on markets and trade.
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Middle East War Could Trigger Global Economic Crisis
Escalating tensions in the Middle East risk destabilising global markets, with potential impacts on oil prices, inflation, and trade routes, according to economic analysts.
UK Interest Rates May Exceed 4% If Energy Shock Persists
The National Institute of Economic and Social Research warns that prolonged Middle East conflict could spike oil and gas prices, forcing the Bank of England to raise interest rates above 4% and complicating fiscal policy.
UK Rates May Exceed 4% If Energy Shock Persists, Niesr Warns
The National Institute of Economic and Social Research warns that prolonged Middle East conflict could spike oil and gas prices, forcing the Bank of England to raise interest rates above 4% and creating fiscal challenges for Chancellor Rachel Reeves.
Martin Lewis: Claim Marriage Tax Allowance Before April Deadline
Martin Lewis warns millions of Britons to apply for the Marriage Tax Allowance before the 5 April deadline, offering up to £1,260 in tax savings for eligible couples.
Trump's Iran War May Cost US Economy Up to $210 Billion
The ongoing US military conflict with Iran is projected to cost the American economy between $50 billion and $210 billion, with a current estimate of $115 billion, disrupting global trade and energy markets.
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Australia's GDP Boosted by Government and Defence Spending
Australia's economy grew 2.6% last year, driven by government spending, defence investment, and household consumption during Black Friday and the Ashes tour.
HMRC's Making Tax Digital: New Tax Rules from April 2026
Learn about HMRC's Making Tax Digital rollout from April 2026, including quarterly submissions, income thresholds, deadlines, and fines for self-employed and landlords.
UK Interest Rates May Rise Above 4% Due to Energy Shock
The National Institute of Economic and Social Research warns that persistent energy price spikes from Middle East conflict could force the Bank of England to raise interest rates above 4%, impacting inflation and GDP.
Trump's Tariffs Create Economic Uncertainty and Global Tensions
President Trump's new 15% across-the-board tariffs are generating widespread economic anxiety, threatening consumer finances, corporate investment, and international relations, according to experts and polling data.
Asda Chair Slams Labour for Inadequate Business Support
Allan Leighton, Asda's chair, warns that Labour is not doing enough to support UK businesses and has become difficult to engage with, citing rising costs and negative impacts from government decisions.
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Only Benefit Families Gain Under Labour, Middle Incomes Decline
A think-tank reveals that only low-income households on benefits will see living standards rise under Labour, while middle and higher earners face years of decline, with child poverty set to increase.
Fuel Panic Spreads as Iran Conflict Drives Oil Price Surge
Oil prices surge for a third consecutive day amid Iran conflict, triggering panic buying across Europe. Spain, Germany, and the UK report fuel shortages and long queues as traders brace for prolonged energy price elevation.
UK Economic Growth Weakest in a Century, Think Tanks Warn
The Resolution Foundation and Institute for Fiscal Studies warn of bleak economic growth and borrowing challenges, with GDP forecasts downgraded and defence spending pressures mounting.
State Pension to Rise £575 for Millions Under Triple Lock
The Department for Work and Pensions confirms a 4.8% state pension increase from April, adding £575 annually for millions under the triple lock mechanism.
UK Services Growth Steady but Job Cuts Continue Amid Global Risks
The UK services sector maintained steady growth in February with a PMI reading of 53.9, but businesses cut jobs for the 17th consecutive month. Experts warn escalating Middle East conflict could dampen sentiment and impact inflation in March.
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State Pension Age Increases to 67 from April 2026
The DWP confirms the State Pension age will rise from 66 to 67 starting April 2026, impacting specific birth years. A 4.8% payment increase is also announced alongside an independent review of future age thresholds.
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