Rachel Reeves Faces Business Backlash Over Tax-Grabbing Budget
Business leaders warn Rachel Reeves that her Budget will cause price hikes and job cuts, accusing her of failing to grow the economy.
Category : Economy
Labour Must Revive Mission Economy for UK Growth, Says Mazzucato
Every £1 of public money spent on net zero delivers between £2.20 and £4.10 in return, says Mariana Mazzucato, urging Labour to revive mission-oriented governance for economic transformation.
Why a Wealth Tax on Billionaires Might Not Work—And What Could
California voters will decide on a 5% wealth tax for billionaires, but experts warn it may raise little revenue unless loopholes are closed; better alternatives include estate and capital gains tax reforms.
Welsh Willy Wonka fiasco: Carmarthen festival 'disorganised chaos'
A family festival in Carmarthen has been branded 'Wales' very own version of Glasgow's Willy Wonka Experience' as attendees demand refunds over poor organisation, high prices, and subpar entertainment.
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Burnham Urged to Unleash Hard-Left Tax Blitz on UK
Andy Burnham faces pressure to implement hard-left tax hikes including 50% income tax, mansion tax, and inheritance tax, risking economic damage and capital flight, critics warn.
US interest in electric vehicles surges as gas prices jump amid Iran war
US searches for electric cars surge 20% as gas prices hit $3.90/gallon amid Iran war, with used EVs becoming affordable options.
Solar Farms Blight Countryside Ex Nfu Chief Slams Planning
Lincolnshire council leaders threaten civil disobedience against large solar farms approved by Ed Miliband, sparking a fierce battle over the UK's energy transition.
Gambling Industry Faces Overdue Reckoning
UK gambling industry faces calls for higher taxes and local controls as figures like Gordon Brown and Andy Burnham push for reform.
Iran Protests Erupt Over Currency Crisis And Living Costs
Iran faces largest protests since 2022 as currency crash and inflation spark demonstrations against living costs and governance.
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7 UK Supermarket Items with Biggest Price Hikes Revealed
Which? study finds fish prices up 10.6%, energy drinks 6.5%, chocolate 4.7%. Overall food inflation expected to rise due to Strait of Hormuz crisis.
Weight Loss Drugs Revive Frozen TV Dinners for GLP-1 Era
Frozen TV dinners are rebranded as high-protein, high-fiber options for GLP-1 weight loss drug users, with Nestlé and Conagra leading the trend.
Vivid Sydney Cancels Drone Shows After 83 Drones Fall into Harbour
Vivid Sydney cancels all drone shows after 83 drones fell into Darling Harbour due to technical issues; fireworks will replace them.
Two Million Airline Seats Cut Amid Soaring Jet Fuel Prices
Two million airline seats cut globally in May as jet fuel prices surge due to Middle East conflict, with UK taking measures to avoid summer disruption.
Thin Red Line Beats Saving Private Ryan As Top War Film
Terrence Malick's The Thin Red Line, released in 1998, is hailed by critics as superior to Saving Private Ryan, earning seven Oscar nominations.
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World Cup transit costs spark outrage among fans in US host cities
Fans outraged by high World Cup transit costs in US host cities, with some organising cheaper alternatives.
Adani Pays Zero Corporate Tax in Australia Despite $22bn Pledge
Adani has paid zero corporate tax in Australia despite a $22bn pledge, using related-party transactions to report losses and avoid tax.
AMC worker, 85, gifted £115,000 by strangers after video goes viral
Elderly AMC worker, 85, receives $146,000 from strangers after video of her working goes viral, prompting retirement fundraiser.
UK Fuel Retailers to Be Forced to Share Prices Within Half Hour of Any Changes
UK fuel retailers must share price changes within 30 minutes under new rules to boost transparency and competition.
Royal Mail Warns of No Deliveries on Spring Bank Holiday
Royal Mail warns of no deliveries or collections on Spring Bank Holiday for all UK postcodes except Ayr. Fined £21m for missing targets, firm vows £500m turnaround.
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US Summer Travel at Six-Year Low Due to Rising Costs
Rising costs and economic uncertainty lead 65% of Americans to alter summer travel plans, with many choosing cheaper domestic trips.
Land Rover Drivers Face £60 Tax Per Diesel Fill Up
Land Rover drivers face nearly £60 tax per diesel fill-up as prices surge 36.5% in nine weeks, analysis shows.
Octopus Energy boss suggests some would accept blackouts for lower bills
Octopus Energy CEO Greg Jackson suggests some households would accept occasional blackouts for lower energy bills, sparking debate on grid investment costs.
England World Cup Final Could Give UK Pubs £275m Boost
England reaching the World Cup final could give UK pubs a £275m boost, with 55 million extra pints sold, say industry bosses.
Arsenal End 22-Year Premier League Title Drought
Arsenal win Premier League after 22-year wait, confirmed after Man City draw at Bournemouth.
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Reeves Warns Leadership Battle Risks Economic Stability After UK Growth Beats Forecasts
Chancellor Rachel Reeves warns against Labour leadership battle risking economic stability, as UK GDP grows 0.3% in March, beating forecasts.
Welfare Crisis: 540k More Benefit Claimants Per PM Since 2019
Britain added 540,000 out-of-work benefit claimants for each PM since 2019, totalling 2.7 million, warns CSJ. Spending hits £4bn above 2019 levels, with 6.6 million claimants.
Earthquake, Heatwave, Starmer Resignation: Week in Photos
A 7.1-magnitude earthquake in Venezuela kills at least 920, a brutal European heatwave breaks records, and UK PM Keir Starmer resigns, captured in 20 powerful images.
Train driver charged after Bangkok freight train crash kills eight
Freight train driver charged with negligence after Bangkok crash kills eight, injures 32; bus driver also faces charges.
Shakira Wins €55 Million Tax Refund in Spanish Court
Spanish court orders tax authority to repay Shakira over €55 million, ruling fines for 2011 tax status were wrongly imposed.
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Santander completes £3bn TSB takeover in UK banking investment
Santander UK completes £3bn takeover of TSB, creating UK's third largest current account bank with 28 million customers.
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