Pensioners receiving the full new state pension will become liable for income tax from April as payments rise, consuming the entire personal allowance. Experts warn of significant financial implications.
HM Revenue and Customs has issued a crucial warning to Britons working from home about claiming tax relief on expenses, urging them to avoid third-party companies and apply directly.
Annual inflation has risen to 3.8%, with core inflation at 3.4%, exceeding the RBA's target. This increase, driven by energy costs, raises concerns about further interest rate rises and impacts millions of mortgage holders.
Spirit Airlines expects to exit Chapter 11 bankruptcy by late spring or early summer after securing a preliminary deal with lenders, aiming to emerge as a leaner, more competitive carrier.
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Bank of England Governor Andrew Bailey told MPs a March interest rate cut remains uncertain, requiring 'enough further evidence' before any decision. Inflation is expected to hit 2% this spring.
Andrew Bailey told MPs that interest rates are likely to be cut in 2024 as inflation falls sharply, offering relief to mortgage-payers and households.
AstraZeneca's CEO Pascal Soriot received a 6.4% pay rise to £17.7m last year, reflecting a 32% share price increase and strong cancer drug sales, despite cancelled UK investments.
Financial expert warns state pension triple lock increases may drop significantly next year, with average earnings likely determining a lower rate amid inflation concerns and eligibility changes.
Leading economist Jim Stanford accuses the Reserve Bank of Australia of misreading inflation drivers, arguing rate hikes punish mortgage holders for corporate profit-led price pressures.
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Reserve Bank of Australia deputy governor Andrew Hauser addresses interest rate decisions, political critiques, and public concerns on inflation and housing in a revealing podcast interview.
Research reveals stalled progress on female CEOs in FTSE 100, with only nine women leading top firms, missing key targets for gender equality in senior roles.
Donald Trump announced temporary 15% tariffs on all US imports, defying a Supreme Court ruling. Global stock markets fell as investors faced renewed trade war uncertainty.
Federal Reserve Governor Christopher Waller says solid January job gains could delay a March rate cut, describing the decision as a 'coin flip' amid political pressure from President Trump.
Bank of England rate-setter Alan Taylor warns US tariffs will remain elevated for years, potentially causing prolonged economic shockwaves, while forecasting UK interest rate cuts ahead.
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Americans filing early for the 2025 tax year are receiving significantly larger refunds, averaging $2,476, up 14.2% from last year. Economists caution this reflects overpayment due to unadjusted withholding under new tax laws.
Personal finance expert Martin Lewis warns that parents who cared for children between 1978 and 2010 could be owed thousands due to a state pension error affecting over 100,000 people.
Former union leader Bill Kelty urges Labor to reconsider capital gains tax reforms, sparking internal discussions and analysis from Treasurer Jim Chalmers.
In South Africa, a modern gold rush sees desperate miners risking their lives in abandoned shafts, driven by economic hardship and soaring gold prices.
As Russia's invasion of Ukraine enters its fourth year, new tax policies are squeezing small businesses from bakeries to beauty salons, forcing closures and threatening economic growth.
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Australia's peak union body argues the capital gains tax discount has failed its original purpose, with hearings beginning to consider reducing it from 50% to 25% for fairness.
Donald Trump's proposed trade tariffs could fuel inflation, complicating the Federal Reserve's ability to implement significant interest rate cuts, economists warn.
Indoor growers in the UK, including Thanet Earth, warn that a 60% rise in electricity standing charges from April will cripple competitiveness, drive up food prices, and threaten domestic production.
Chancellor Rachel Reeves prepares for her spring statement amid calls for increased spending, despite warnings of a fragile UK economy and strained public finances.
A prestigious fashion retailer, a luxury chocolatier, a jewellery manufacturer, and a construction firm have all entered administration this week, highlighting a 41% spike in corporate insolvencies across the UK.
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HMRC's Making Tax Digital initiative mandates sole traders and landlords with income over thresholds to use commercial software for quarterly tax updates, starting this spring.
Over five million Australians, including 2.5 million pensioners, will see increased social security payments from March 20, alongside adjusted deeming rates for financial assets.
HMRC has issued guidance urging pensioners who overpaid tax to wait until April 6, 2026, to claim refunds via Self Assessment, alongside details on upcoming tax changes and state pension increases.
Record public finances, surging retail sales, and accelerating business activity provide a positive backdrop for Chancellor Rachel Reeves' upcoming spring statement, though analysts warn of ongoing economic vulnerabilities.
Millions of Americans face extended IRS tax refund delays due to staffing shortages and processing backlogs, with electronic filings taking up to 21 days and paper returns up to 42 days.
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The US economy experienced a dramatic slowdown in fourth-quarter growth, with GDP increasing at just 1.4% annually. Former President Trump insists he's not to blame, pointing to political factors instead.
