Cuba's President Calls for Urgent Economic Model Changes
Cuban President Miguel Díaz-Canel demands swift reforms to the island's economic and social model as dwindling oil reserves and U.S. sanctions deepen the crisis.
Category : Economy
Spring Statement Changes Could Harm Pensioners, Experts Warn
Pension experts urge the government to avoid policy tweaks in the upcoming spring statement, warning that frequent changes create uncertainty and hardship for retirees.
Fuel Duty Freeze Urged Amid Middle East Unrest
Campaigners call on Rachel Reeves to extend the 5p fuel duty cut as Middle East tensions threaten to spike oil prices and burden motorists.
Hormuz Strait Closure Threatens Global Economy Post-Attacks
The Strait of Hormuz has effectively closed following US-Israel missile attacks, disrupting a fifth of global oil and LNG shipments, potentially fueling inflation and cost-of-living pressures worldwide.
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HMRC Targets Online Sellers: Vinted, eBay, Etsy Share Data
HMRC now receives sales data from platforms like Vinted, eBay, and Etsy for users with 30+ transactions or £1,700+ in sales. Most personal sellers won't owe tax, but experts warn of penalties for non-compliance.
BrewDog Closes UK Bars for Day Over Sale and Brexit Issues
BrewDog has temporarily shut all its UK bars for staff meetings and licensing updates ahead of a potential sale, as CEO James Watt criticises Brexit's impact on business.
Iran Strikes Cause Oil Surge and Market Fall: Financial Impact
Geopolitical tensions in the Middle East have triggered a spike in oil prices and stock market declines, with potential effects on inflation, interest rates, and pensions.
Iran War Impact: Oil Prices Spike, UK Households at Risk
Iran's retaliatory attacks in the Strait of Hormuz have driven oil prices up by 13%, potentially adding 5p-20p per litre to UK petrol costs and risking higher inflation and interest rates.
Oil Surge from Middle East Conflict May Delay UK Rate Cut
Brent Crude jumped 13% after Iran warned tankers in the Strait of Hormuz, raising fears of higher petrol prices and inflation that could pause Bank of England rate cuts.
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Middle East Conflict Threatens Australia's Cost-of-Living Crisis
Economists warn that escalating tensions in the Middle East could drive up petrol prices by 40 cents per litre, push inflation higher, and increase the risk of further interest rate rises in Australia.
Iran Drone Attacks Send Shockwaves Through Global Economy
Iran's use of suicide drones in attacks on Dubai and Bahrain has destabilised the Middle East, grounding flights and triggering insurance cancellations in the Strait of Hormuz, with oil prices poised to surge.
Oil Prices Jump as Iran War Threatens Strait of Hormuz Shipping
Brent crude soared 13% and stock markets fell after US-Israeli strikes on Iran led to the effective closure of the vital Strait of Hormuz, disrupting global oil supplies and raising fears of prolonged economic turmoil.
Oil Surges, Markets Tumble After Middle East Attacks
Global oil prices have surged and stock futures have plunged following US-Israel military strikes on Iran that killed Ayatollah Ali Khamenei, sparking retaliatory attacks across the region.
Thinktanks Urge Rachel Reeves to Reform OBR for Investment
A coalition of thinktanks calls on Chancellor Rachel Reeves to overhaul the Office for Budget Responsibility, arguing it hinders long-term planning and public investment ahead of her spring forecast.
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Pittsburgh's Renaissance: From Steel City to Economic Hub
Pittsburgh, once a declining Rust Belt city, is now thriving with job growth, affordable housing, and a vibrant cultural scene, attracting new residents and investment.
Iran Drone Attacks Trigger Gulf Financial Crisis and Market Chaos
Iran's suicide drone attacks on Dubai and Bahrain have shattered regional security, grounding flights, spiking insurance costs, and threatening global oil markets through the Strait of Hormuz.
March 2026 Money Updates: Spring Statement and £300 Deadline
Discover the eight crucial financial updates for March 2026, including the Spring Statement, interest rates, inflation data, and deadlines for energy support schemes.
Algerians Struggle with Ramadan Feast Costs Amid Price Surge
Algerians confront unaffordable Ramadan feasts despite government promises, with food prices skyrocketing and poverty spreading, forcing families to rely on charity meals.
State Pension Age Rise Sparks Retirement Fears for Workers
MPs debate state pension age increases as workers in demanding roles like ambulance services face physical strain before accessing retirement funds, with unions highlighting disparities.
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Billionaire's €3,000 Monthly Grocery Bill Called 'Not Normal'
Renewable energy tycoon José Elías discloses spending €3,000 monthly on groceries, six times the average, due to constant guests at his home, alongside lavish holiday expenses.
HMRC Tax Fine Warning for One Million on March 3
HMRC will impose a 5% penalty on unpaid tax from March 3, affecting an estimated one million taxpayers who missed the January 31 self-assessment deadline.
Marriage's Financial Benefits: Tax and Legal Perks in 2026
Exploring whether marriage still makes financial sense in modern Britain, covering inheritance tax exemptions, Marriage Allowance, pension perks, and legal protections for couples.
Four UK Firms Including Charity Collapse as Insolvencies Soar
Government data reveals a 41% monthly surge in UK administrations, with a tool distributor, metal firm, haulage business, and mental health charity among the latest casualties amid spiralling costs and weak consumer spending.
Starmer Must Leverage UK Science Stars for Economy
The 2026 Blavatnik Awards celebrated young British scientists whose breakthroughs could transform the economy. Experts urge the government to better support and commercialise this vital research.
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Trump's New Federal 401(k) Plan Offers $1,000 Annual Match
President Donald Trump announced a new federal retirement savings plan during his State of the Union, promising to match contributions up to $1,000 annually for workers without employer 401(k)s.
Middle-Class Income Varies Across Major U.S. Cities
A new report reveals the income needed to be considered middle class differs significantly by location, with California cities requiring the highest earnings and Ohio cities the lowest.
UK Life Satisfaction Stagnates Post-Covid Despite Economic Growth
Official data reveals UK life satisfaction remains below pre-pandemic levels, diverging from GDP growth, with health declines and persistent consumer worries.
Millions Face HMRC Digital Tax Overhaul from April 2026
HMRC's Making Tax Digital for Income Tax programme will mandate quarterly digital reporting for millions of self-employed individuals and landlords, starting April 2026, with accountants warning of increased costs and administrative burdens.
Social Security Fund Could Run Dry Sooner, Impacting Retirees
New analysis reveals the Social Security trust fund may deplete in six years, potentially forcing benefit cuts of 20-25% for retirees as demographic shifts strain the system.
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Spring Statement 2026: What It Means for Your Money
Chancellor Rachel Reeves delivers a low-key spring statement amid political pressures, focusing on economic stability, inflation forecasts, and potential impacts on borrowers and savers.
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