IRS Tax Refund Delays: Staff Shortages and Backlogs
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.
Category : Economy
Trump Denies Blame as US GDP Growth Slows to 1.4%
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.
US GDP Growth Slows to 1.4% in Q4 2025, Misses Forecasts
US economic growth slowed sharply to 1.4% in Q4 2025, missing forecasts of 3%, due to government shutdown disruptions and consumer spending moderation, though AI and tax cuts may boost 2026.
US Economy Growth Slows to 1.4% in Fourth Quarter
The US economy expanded at just 1.4% in Q4 2025, down sharply from previous quarters, as government and consumer spending weakened. The slowdown highlights unusual economic conditions with solid growth but weak job creation.
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UK's £30.4bn Economic Boost: Can It Last?
The UK recorded a record £30.4bn budget surplus in January, offering Chancellor Rachel Reeves a major win. However, experts question whether this windfall is sustainable amid economic volatility and policy challenges.
UK's £30.4bn Economic Boost: Can It Be Sustained?
The UK government recorded a record £30.4bn budget surplus in January, beating forecasts and offering hope for the economy. However, questions remain about sustainability and future policy directions.
US Economy Slows to 1.4% Growth as Inflation Stays High
New data reveals the US economy grew at just 1.4% annually in Q4 2025, missing forecasts, while core inflation remained at 3%, complicating Federal Reserve decisions.
Pensioners Get 15-Day Warning on HMRC Tax Changes
HMRC warns pensioners to verify their tax details within 15 days to avoid overpaying or underpaying tax due to incorrect personal allowance splits.
UK Business Growth Accelerates with Export Orders at Post-Pandemic High
The UK's private sector shows increased momentum with factory export orders hitting their highest level since 2021, though job losses continue for the 17th consecutive month, particularly in services.
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UK Government Finances Surge with Record Borrowing Surplus
Britain recorded its largest ever public sector net borrowing surplus of £30.4 billion in January, driven by high tax receipts and lower debt interest costs.
Record Borrowing Surplus Boosts Chancellor Reeves
Britain posts its largest ever monthly borrowing surplus of £30.4bn, exceeding OBR forecasts and providing relief ahead of the spring statement.
Reeves' £30bn Boost May Signal End of Tax Rises
The Treasury recorded a record £30.4bn surplus in January, doubling last year's figure and exceeding forecasts, potentially easing pressure for further tax increases under Chancellor Rachel Reeves.
British Gas CEO Gets £3.6m Bonus as Profits Halve
Centrica CEO Chris O'Shea received £3.6 million in bonuses despite the energy giant's underlying earnings dropping to £814 million from £1.55 billion. His total pay package reached £4.73 million.
Record UK Borrowing Surplus of £30.4bn in January
The UK government posted a record public sector net borrowing surplus of £30.4 billion in January, driven by strong tax receipts and lower debt interest costs, providing a boost ahead of the spring statement.
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Reeves' Tax Hikes Fuel Record £30.4bn Budget Surplus
Official figures reveal a record public sector net borrowing surplus of £30.4 billion in January, driven by higher tax receipts and lower debt interest costs.
UK Government Posts Record £30.4 Billion Borrowing Surplus
The UK government achieved a record public sector net borrowing surplus of £30.4 billion in January, driven by strong tax receipts and lower debt interest costs, providing a boost ahead of the spring statement.
Record £30.4bn Government Borrowing Surplus in January
The UK government posted a record £30.4 billion borrowing surplus in January, driven by strong tax receipts and lower debt interest payments, providing a boost ahead of the spring statement.
UK Government Hits Record Borrowing Surplus in January
The UK government posted a record public sector net borrowing surplus of £30.4 billion in January, driven by high self-assessed tax receipts and lower debt interest payments.
UK Reports Record-Breaking Surplus Under Rachel Reeves
The UK has achieved a record-breaking budget surplus, with Chancellor Rachel Reeves announcing a significant fiscal milestone amid economic reforms and public spending debates.
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UK Public Finances Hit Record Surplus, Retail Growth Slows
The UK economy faces a mixed outlook with public finances expected to reach a record £23.8bn surplus in January, while retail sales growth slows to 0.2%. Key data releases today include UK retail sales and public finances, alongside Eurozone and US report
Record UK Budget Surplus Boosts Chancellor Ahead of Spring Statement
The UK government recorded a record-breaking surplus in January, driven by strong tax receipts, providing a boost for Chancellor Rachel Reeves before her spring statement.
British Gas Boss Earns £4.7m Despite Falling Profits
Centrica CEO Chris O'Shea received £4.73 million in pay and bonuses for 2025, while British Gas profits fell sharply and customers faced high energy bills.
IRS Tax Refund Deadlines 2026: Important Dates to Know
Learn the crucial IRS tax deadlines for 2026, including filing dates, refund processing times, and how to track your refund status effectively.
Centrica Boss Gets £3.6m Bonuses as Profits Halve
British Gas owner Centrica awarded CEO Chris O'Shea £3.6 million in bonuses and share awards for 2025, despite underlying earnings plunging from £1.55 billion to £814 million. The payouts come after shareholder rebellion and warm weather impacts.
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Guardian Australia Readers on Intergenerational Wealth Transfer
Guardian Australia readers discuss the impact of inheritance and intergenerational wealth transfer on society, highlighting diverse perspectives and concerns.
State Pension Age Gap Under New ISA Rules Creates Planning Anomaly
People approaching state pension age face a one-year gap under new HMRC rules that reduce ISA allowances for under-65s while maintaining higher limits for those 65 and above, creating retirement planning challenges.
British Gas Owner Pauses Buyback as Profits Drop 39%
Centrica suspends share repurchases after adjusted EBITDA falls to £1.4bn, though beats forecasts. CEO cites challenging environment but highlights customer growth and major energy investments.
Government Alert: 750,000 Urged to Claim Child Trust Fund Cash
The UK Government has issued an urgent alert for over 750,000 people born between 2002 and 2011 to claim unclaimed Child Trust Fund money averaging £2,200 per person.
Think Tank Urges Chancellor to Scrap 'Dysfunctional' Debt Rules
The Institute for Fiscal Studies criticises Rachel Reeves's fiscal rules as 'dysfunctional', warning they harm economic stability and propose a new framework with broader indicators.
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Tim Wilson Clarifies Liberals' RBA Employment Mandate Stance
Liberal MP Tim Wilson has walked back earlier suggestions that the party might reconsider the RBA's full employment mandate, emphasising no immediate policy changes.
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