IMF Cuts UK Growth Forecasts Amid Iran War Recession Risk
The International Monetary Fund has downgraded UK economic growth projections for 2026 and 2027 while warning that escalating conflict in the Middle East could trigger a global recession.
Category : Economy
IMF: Trump's Iran War Risks Global Recession, UK Growth Slashed
The IMF warns Donald Trump's war on Iran threatens a global recession and unprecedented energy crisis, with UK growth forecasts cut and inflation rising.
IMF: UK Cost of Living to Worsen for Two Years from Iran War
The International Monetary Fund slashes UK growth forecasts and warns of prolonged cost of living misery, with inflation and unemployment rising due to Middle East conflict impacts.
Kevin Warsh's Wealth Disclosed for Fed Chair Nomination
Kevin Warsh, President Trump's nominee for Federal Reserve chair, has disclosed personal wealth between $131 million and $209 million, far exceeding previous Fed chairs. Additional assets held by his wife, Jane Lauder, are not included in this total.
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UK Stagflation Risk from Iran War and Energy Price Hike
The UK is predicted to enter stagflation, with rising inflation, higher unemployment, and low growth due to escalating energy prices from the Iran conflict and Strait of Hormuz blockade.
UK Faces Stagflation Threat from Iran War Energy Disruption
Economists warn the UK is heading for stagflation - rising inflation with stagnant growth - due to energy price spikes from the Iran conflict, creating a policy dilemma.
Martin Lewis: 900,000 Pensioners Missing Vital Support
Money expert Martin Lewis criticises government figures showing nearly a million eligible pensioners are not claiming Pension Credit, despite recent campaigns to boost uptake.
JCB Heir Threatens UK Exit Over Inheritance Tax Raid
Jo Bamford warns JCB could relocate to the US to avoid Labour's 20% inheritance tax on assets over £2.5m, joining other tycoons criticising the policy as threatening Britain's family businesses.
178,000 Miss Out on £800 HMRC Tax Rebates - Claim Guide
New data reveals 178,180 taxpayers failed to cash HMRC cheques worth £144 million, averaging £800 each. Learn how to check your tax code and claim refunds.
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UK Families Face £480 Hit from Iran War, Warns Chancellor Reeves
Chancellor Rachel Reeves warns British families and businesses are bearing costs of Iran conflict instability, with households potentially £480 worse off. She urges global coordinated action at IMF meetings.
RBA Warns of Stagflation Nightmare Amid Iran War Crisis
Reserve Bank of Australia deputy governor Andrew Hauser calls the stagflationary shock from the Iran war a 'central banker's nightmare', with consumer confidence crashing to near-record lows.
Iran War Hurts Global Economy as IMF and World Bank Gather
The IMF and World Bank spring meeting begins with the Iran conflict expected to cut growth forecasts, as leaders warn of prolonged economic damage and high energy prices.
DoorDash Grandma's White House Visit for Tax-Free Tips
Sharon Simmons, a grandmother of ten from Arkansas, delivered McDonald's to President Trump while advocating for the No Tax on Tips policy that helps fund her husband's cancer treatment.
RBA Warns of 'Nightmare' Stagflation, Rate Hikes Loom
Reserve Bank deputy governor Andrew Hauser warns Australia faces a 'central banker's nightmare' of stubborn inflation and faltering growth, with further interest rate hikes likely to squeeze homeowners.
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US-Iran War May Lock in Decades of High Prices for Australia
AMP chief economist Shane Oliver warns the US-Iran conflict could lead to sustained inflation, increased defence spending, and a new generation of terrorists, reshaping Australia's economy and security for years.
Jacqui Smith Named Keir Starmer's Business Adviser in Milton Keynes
Former Home Secretary Jacqui Smith has been appointed as a business adviser to Keir Starmer's government, focusing on economic growth in Milton Keynes.
Reeves Calls for Global Economic Cooperation Over Iran War Impact
Chancellor Rachel Reeves urges international allies to coordinate economic responses to the Iran conflict, touting the UK as a 'safe haven' for investment amid energy market turmoil.
US Millionaire Numbers Hit Record but Inflation Erodes Wealth
A new report reveals a record number of American millionaires, but inflation means $1 million today buys far less than decades ago, with many not feeling wealthy amid rising costs.
California Billionaire Tax Debate Over Campaign Funding
A new billionaire tax initiative in California is raising questions about its impact on political campaign financing, with supporters and critics clashing over fairness and economic effects.
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Greens Push for Inquiry into Gas Company Profits and Tax
The Greens are calling for CEOs of major gas firms to explain record profits and minimal tax payments at a Senate inquiry, as Labor faces pressure to impose a 25% export tax amid global fuel shocks.
Oil Dips Below $100 After Trump Says Iran Wants Deal
Brent crude fell after briefly surging above $100 a barrel as Donald Trump announced Iran contacted the US seeking a deal following a naval blockade of the Strait of Hormuz.
Haiti Workers Protest Oil Price Surge, Demand Wage Hike
Over 1,000 workers in Port-au-Prince protest for higher wages as Iran conflict drives up oil prices, making basic goods unaffordable.
IRS Staff Cuts Lead to Surge in Tax Fraud and Fewer Audits
The IRS has cut over 28,000 jobs since 2017, with 4,000 more reductions planned. Fewer agents mean fewer audits, leading to a dangerous rise in tax cheating among middle-income Americans.
Thousands Miss £144M in Tax Refunds Due to Unclaimed Cheques
Over 178,000 UK taxpayers have missed out on £144 million in HMRC refunds, averaging £800 each, due to uncashed cheques from a now-changing system.
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170,000 Miss £800 HMRC Tax Rebates in Cheque System Problem
New figures reveal 178,180 HMRC cheques worth £144 million went uncashed last year, averaging £800 per person, amid criticism of outdated payment methods.
HMRC Warns High Earners Over £60k May Face Tax Charge
HMRC has issued a warning to parents earning over £60,000 to check if they owe the High Income Child Benefit Charge, with a new digital payment option now available.
178,000 Taxpayers Miss £800 HMRC Rebates in Cheque Crisis
Over 178,000 UK taxpayers are losing approximately £800 each in unclaimed HMRC tax rebates due to uncashed cheques, totalling £144 million in forfeited funds.
April 2026 Benefit and Pension Dates: Cost of Living Support
Essential guide to April 2026 payment dates for universal credit, benefits, and pensions, plus cost of living support including crisis funds and energy help.
Sanders Warns of Crisis in Rally Against Billionaires
Bernie Sanders and New York City mayor Zohran Mamdani launch Union Now, warning of AI job threats and billionaire dominance in the US economy.
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UK Families £480 Worse Off Due to Middle East War, Report Says
The Resolution Foundation predicts average working-age households will see incomes fall by 0.6% this year due to energy price shocks triggered by Middle East conflict.
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