Deloitte: Australia Faces 'Decade of Deficits' Without Tax Reform
A new report warns Australia faces budget deficits 'as far as the eye can see' without bold tax reforms, including an inheritance tax. Read the key proposals.
Category : Economy
Japan's economy shrinks 2.3% after tariff impact
Japan's economy contracted at an annualised rate of 2.3% in Q3, revised data shows, hit by US tariffs and falling investment. Read the full analysis of the economic downturn.
One Third of New Cars in Wales Paid for by Taxpayer
New figures reveal up to a third of new cars in parts of the UK are leased via the Motability disability scheme, funded by taxpayers. Chancellor Reeves has axed luxury brands from the programme.
Labour's 'Zombie Economy' Fails to Deliver Growth, OBR Confirms
The Office for Budget Responsibility confirms Chancellor Rachel Reeves' Budget lacks growth drivers. With 650,000 emigrating and business rates soaring, critics warn of a stagnant 'zombie economy'.
JLR Recovery to Boost UK GDP in October Figures
Official figures due December 12 are expected to show UK economic growth lifted in October by a manufacturing rebound, led by Jaguar Land Rover's recovery from a cyber attack. Read the full analysis.
OBR's Future Questioned After Leaks and Resignation
The Office for Budget Responsibility faces a crisis of confidence after repeated leaks and a key resignation. Is the UK's fiscal watchdog still fit for purpose? Read our analysis.
Families Blame 'Christmas Grinch' Reeves for Unaffordable Festivities
Hard-pressed families claim Rachel Reeves' Budget has made Christmas unaffordable, with soaring costs forcing scaled-back celebrations. Discover the impact of the tax rises.
Sydney Power 100 List Reveals News Corp Influence
The Daily Telegraph unveils its Sydney Power 100, with Sky News host Sharri Markson and News Corp executives featuring prominently. Discover who made the cut and the media controversies surrounding the list.
US Poverty Threshold Sparks Controversy Among Economists
A financial expert's claim that the US poverty line should be $140,000 ignites a fierce debate. Discover the arguments and backlash over the cost of living crisis.
Millions seek church help in cost-of-living crisis
New research reveals millions are seeking help from churches for food, heating, and debt this Christmas. Discover how communities are responding and where to find support.
Iranians Seek Portable Wealth as Rial Falls After War
Following the June war with Israel, Iranians are converting savings into gold, silver, and gems as a hedge against a collapsing currency and fear of renewed conflict. Discover the surge in demand.
Treasury leak inquiry launched after Budget briefings
A Treasury minister confirms a leak inquiry is under way with the Chancellor's full support after key Budget policies were briefed to the press. Read the latest developments.
Senate Estimates Exposes Australia's Fiscal Outlook
Key ministers face intense questioning in Senate Estimates over the national fiscal outlook, cost-of-living pressures, and public service cuts. Get the latest details.
Academic Rejects 'Technofeudalism' Label for Amazon
A University of Sussex professor argues Amazon exemplifies capitalism's evolution, not a feudal shift. Its power intensifies global labour exploitation. Read the full analysis.
UK services growth slows, price inflation at 5-year low
UK services sector expansion weakened in November with PMI at 51.3. Business activity softened as consumer demand waned and price inflation dropped to its lowest since January 2021. Read the full analysis.
Australia's 2025 Budget: $7.5bn Housing Fund & Tax Cuts
Treasurer Jim Chalmers unveils Australia's 2025 budget with a massive $7.5bn housing fund, stage-three tax cuts, and measures to tackle inflation. Discover the key takeaways and political reactions.
UK economy grows as data centre boom and spending rise
The UK economy grew by 0.2% in Q3 2025, ending a technical recession. A surge in data centre investment and a modest rise in household spending drove the recovery. Read the full analysis.
ATO Targets $5.3bn in 'On-Hold' Tax Debts in New Drive
The Australian Tax Office is chasing $5.3bn in old debts from 325,000 taxpayers, some dating back to 2017. The revamped 'robotax' scheme could see refunds withheld.
OBR Hits Back Over Budget Leaks, Reeves Faces Quit Calls
Chancellor Rachel Reeves faces mounting pressure after the OBR revealed damaging Treasury leaks misrepresented its forecasts. Calls grow for her resignation as the watchdog sets the record straight. Read the full story.
Food bank use soars 40% as winter crisis looms
New data shows a 40% surge in UK food bank use, with parcels set to be given every ten seconds this winter. Celebrities urge public support to help families in need.
$6.25bn Dell Donation for 'Trump Accounts' Raises Questions
A $6.25bn donation from Michael Dell for new child investment accounts sparks debate. We explain how 'Trump accounts' work, who benefits, and the concerns over cuts to social programmes.
Salmond's media firm drained £200k before his death
Alex Salmond's media company saw its funds plummet by over £200,000 in the year before the former First Minister died bankrupt. Discover the financial details of his final years.
Cartoon satirises Rachel Reeves' fiscal rules bind
A new cartoon by Ella Baron captures Chancellor Rachel Reeves' struggle with self-imposed fiscal rules. See the sharp political commentary and what it reveals about economic policy pressures.
OBR Boss Exit Eases Pressure on Chancellor Reeves
Richard Hughes's resignation as OBR chair follows budget leak chaos. Experts warn the search for a credible successor is vital for UK fiscal governance and market confidence. Read the analysis.
Russell's maths quote exposes fiscal headroom 'guesswork'
A professor invokes Bertrand Russell to critique the uncertain maths behind UK fiscal forecasts. Plus, readers debate benefits, crosswords, and place names in our letters section. Share your view.
HMRC Confirms Dates for Major UK Tax Changes
HMRC has outlined when major tax changes from the Autumn Budget will take effect, impacting savings, pensions, and property income. Discover the key dates and how they affect you.
Poll: Labour less trusted on economy than Liz Truss
A damning YouGov poll reveals only 10% trust Labour with the economy, fewer than trusted Liz Truss. The findings come amid a row over the Chancellor's pre-Budget statements.
OECD: UK Growth to Slow as Tax Hikes Bite
The OECD forecasts UK growth will slow to 1.2% next year, warning of 'substantial' risks from fiscal tightening. Inflation is set to remain high among G7 nations. Read the full analysis.
OBR complained to Treasury over budget leaks
The OBR's Prof David Miles told MPs that pre-budget leaks created damaging 'misconceptions' about forecasts and may have hurt economic growth. Discover the full story behind the watchdog's extraordinary intervention.
OECD warns UK tax and spending will slow household consumption
The OECD forecasts UK growth of 1.2% in 2025, outpacing major EU economies, but warns Chancellor Rachel Reeves's fiscal policies will weigh on disposable income and consumer spending. Read the full analysis.
Page 1 of 46