Final US Penny Struck as Coin Gets Cancelled
The US Mint in Philadelphia produces its last circulating penny as President Trump cancels the 1-cent coin due to soaring production costs. Discover the economic impact and public reaction.
Category : Economy
ONS cuts reports by 10% to improve data quality
The UK's Office for National Statistics will reduce its publications by 10% in 2026 to prioritise core data reliability amid Treasury concerns. Discover how this affects economic policymaking.
Jakarta police clash with protesters over living costs
Indonesian police deployed tear gas and water cannons as thousands protested against soaring prices in central Jakarta, highlighting growing public discontent.
Household Bills Set to Soar: Financial Experts Warn UK Families
Exclusive research reveals British households face significant financial pressure as energy, mortgage, and living costs continue to climb. Discover what this means for your budget and how to prepare.
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Reeves faces watchdog over Labour tax cut U-turn
Chancellor Rachel Reeves confronts Budget watchdog scrutiny as Labour considers breaking manifesto pledge with potential 2p income tax cut, sparking political firestorm.
Reeves declares war on betting tax loopholes
Labour's first major economic move targets betting industry tax loopholes, promising to level the playing field for high street businesses and generate millions for public services.
MPs urge gambling tax hike despite industry warnings
Cross-party committee challenges Treasury to increase betting levy despite industry claims it would harm jobs and investment, arguing current rates fail to reflect societal costs.
Reeves pressured to tax betting giants in budget
Exclusive: Labour Chancellor urged to target gambling industry windfall profits with new tax hike in upcoming budget amid cost of living crisis.
Labour to impose VAT on private school fees
Shadow Education Secretary Lucy Powell confirms Labour will impose 20% VAT on private school fees, generating £1.6bn for state education while sparking fierce debate over educational choice and funding.
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Trump's Food Stamp Cuts Threaten Millions of Americans
Former President Donald Trump proposes sweeping cuts to SNAP programme that could leave vulnerable Americans without essential food assistance during economic uncertainty.
Business chiefs demand pension funds back UK economy
More than 100 top executives urge Rachel Reeves to use her first Budget to mandate UK pension investment in domestic businesses and infrastructure projects.
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