US Economic Boom Fails to Spark Strong Job Market Growth
Despite robust GDP growth, US job creation remains sluggish with major layoffs and downward revisions to 2025 figures. Experts cite high interest rates, automation, and policy uncertainty.
Despite robust GDP growth, US job creation remains sluggish with major layoffs and downward revisions to 2025 figures. Experts cite high interest rates, automation, and policy uncertainty.
The Albanese government is revisiting capital gains tax reform, driven by political necessity and fiscal pressures ahead of the May budget. Changes could target the 50% discount on investment profits.
Coca-Cola reported stronger U.S. demand and 1% global volume growth in Q4, with revenue hitting $11.8 billion, but shares fell nearly 4% as outlook disappointed investors.
Small businesses in Minneapolis and St Paul are suffering severe losses, with owners reporting revenue drops up to 65% and closures due to fear from ICE operations, threatening the region's immigrant-driven economy.
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RecommendedBP reports a 16% drop in annual profits to $7.49 billion, suspends share buybacks and increases cost-saving targets to $5.5-6.5 billion amid falling crude prices.
Essential guide to February 2026 payment dates for benefits and pensions, plus cost of living support amid rising inflation and economic challenges.
Over 100,000 Palestinians have lost work permits for Israel since the Gaza war began, pushing unemployment to 30% and creating severe economic hardship in the West Bank.
Russia's oil and gas export revenues have fallen to pandemic-era lows due to new US and EU sanctions, forcing Moscow to raise taxes and borrow domestically to sustain its war economy amid slowing growth.
The Reserve Bank of Australia forecasts inflation will outpace wage growth until at least mid-2027, extending the cost-of-living squeeze for millions of households and eroding purchasing power.
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RecommendedChief Secretary to the Treasury James Murray outlines major tax changes including National Insurance increases and inheritance tax relief adjustments before the Economic Affairs Committee.
A new report reveals British families face the slowest income growth in decades, with over half of households in poverty containing working individuals and disposable incomes stagnating despite increased work effort.
A new report from the Resolution Foundation reveals a stark income slowdown since 2005, with pay rises drying up and leaving poorer households in a prolonged stagnation.
The IRS has lost 27% of its workforce since 2025, creating a backlog of 590,000 amended returns and potentially delaying refunds for millions of taxpayers.
Learn the crucial IRS tax deadlines for 2026, including filing dates, refund processing times, and how to track your payment status effectively.
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RecommendedChief Secretary James Murray explains new e-VED levy for electric vehicles and upcoming tax increases, addressing declining fuel duty revenues and long-term fiscal sustainability.
HMRC is encouraging eligible individuals to apply for the Help to Save account, which offers a government bonus of up to 50% on savings over four years.
Millions of Universal Credit claimants can earn up to £1,200 in government bonuses over four years through HMRC's Help to Save scheme, which adds 50p for every £1 saved.
President Donald Trump claims pride in the U.S. economy, but new surveys indicate 90% of Americans believe the nation faces a severe cost of living crisis with many struggling to pay bills.
Sir Tim Martin, chairman of JD Wetherspoon, has called on hospitality industry leaders to support Reform UK's proposed tax cuts for pubs, aiming for parity with supermarkets.
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RecommendedUN Secretary-General António Guterres warns that current economic metrics reward pollution and must be overhauled to value environmental sustainability and human wellbeing.
Japanese shares soared to a record high after Sanae Takaichi's Liberal Democratic Party secured a supermajority in the lower house, enabling decisive fiscal stimulus plans.
British companies are installing beehives in offices to reduce stress and build community. Providers report surging demand as firms seek mental health benefits through nature-based experiences.
Martin Lewis highlights a DWP Help to Save scheme offering 50% bonuses for Universal Credit recipients, plus insights on mortgage overpayments versus savings.
The UK economy is expected to show modest growth for Q4 2025, with GDP data due Thursday. Economists predict a 0.1% expansion, boosted by post-budget certainty and festive spending.
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RecommendedThe UK economy is expected to have grown by 0.1% in the final quarter of 2025, with the ONS set to release official GDP data on Thursday. Economists cite budget clarity and festive spending as key factors.
The UK economy is expected to have grown by 0.1% in the final quarter of 2025, with GDP data due on February 12. Economists cite Budget uncertainty and a slight recovery in services spending as key factors.
The Government has confirmed Vehicle Excise Duty will increase with inflation in April 2026 and announced a new mileage charge for electric vehicles starting 2028.
Ukrainian businesses face severe challenges from Russian attacks on energy infrastructure, with power outages forcing reliance on expensive generators and threatening survival.
Sole traders and landlords earning over £50,000 must prepare for HMRC's Making Tax Digital for Income Tax, starting April 2026, with digital records and quarterly submissions required to avoid fines.
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RecommendedHMRC clarifies tax rules after a taxpayer reported discrepancies, explaining that tax codes are estimates and can change due to unaccounted income shifts.