Frozen income tax thresholds have caused HMRC to issue 1.32 million simple assessment letters, doubling since 2021. Pensioners face unexpected bills as state pension rises toward the frozen £12,570 allowance.
Taiwan's economy expanded at an 8.6% annual rate in 2025, its fastest growth in 15 years, driven by the AI boom and a surge in exports to the United States.
The 2026 tax filing season is underway, with the IRS expecting 164 million returns. Learn about refund timelines, potential delays due to staffing issues, and how to track your payment.
The 2026 tax filing season is underway, with the IRS expecting 164 million returns. Learn about refund timelines, potential delays due to staffing cuts, and how to check your status.
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Tobacco giant Altria reported disappointing quarterly earnings, missing Wall Street forecasts due to falling cigarette sales and stiff competition in the flavoured nicotine pouch market.
President Trump renews criticism of Federal Reserve Chair Jerome Powell, demanding artificially low interest rates regardless of economic indicators while linking policy to tariff revenue.
A new report reveals tens of thousands of zombie companies could collapse in 2026, with critical financial distress surging 44% year-on-year amid tax pressures and weak demand.
Investment Minister Jason Stockwood says government is discussing universal basic income as research shows UK losing more jobs than creating due to AI disruption.
Australian Treasurer Jim Chalmers pivots from forward-looking economic reforms to defending government spending amid rising inflation fears and potential interest rate hikes.
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The Forbes 2026 billionaires list reveals overwhelming American dominance among the world's wealthiest, with only one non-American making the top ten. Discover how these moguls built their fortunes.
Fresh inflation data has economists predicting an imminent interest rate hike, sparking political debate over government spending's role in price pressures as households face mounting financial strain.
Tesla reports its lowest annual profit since the pandemic, losing its top EV maker title to a Chinese rival as boycotts and political backlash impact sales, though investor optimism persists.
Treasury Secretary Scott Bessent suggests families invest in new Trump Accounts rather than buying toys for children's birthdays, promoting long-term financial security amid criticism of tone-deafness.
The US Federal Reserve maintains interest rates at 3.50%-3.75%, citing persistent inflation and robust economic growth, with a 10-2 vote and no timeline for future cuts.
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American taxpayers are set to receive unusually large refunds in early 2026 due to a timing quirk with Trump's tax cuts. Wall Street analysts have identified retailers, restaurants, and trading platforms likely to benefit most from the consumer spending s
President Donald Trump announces 'Trump accounts' offering $1,000 to newborns, with projections reaching $1.1 million by age 28, amid criticism over wealth gap concerns.
The Reserve Bank of Australia faces market pressure to raise interest rates following December's inflation figures, but deeper analysis reveals holiday travel and electricity subsidies are distorting the data.
New analysis reveals Blackburn, Hull, Birmingham and Bradford as the UK's most income-deprived cities, while Cambridge leads income growth. Experts warn economic growth is essential for lasting solutions.
Self-made millionaire Mark Tilbury shares a simple three-step goal-setting exercise he claims the wealthy keep secret to help achieve financial freedom in the coming year.
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December's hotter-than-expected inflation data pressures the Reserve Bank to hold interest rates longer, delivering a fresh blow to stretched mortgage holders across Australia.
Chancellor Rachel Reeves is set to reveal a £300 million financial support package for UK pubs following warnings that tax changes could trigger widespread closures and job losses.
Thousands of self-employed workers and landlords face new digital tax reporting requirements from April 2026, with significant compliance costs and quarterly deadlines under HMRC's Making Tax Digital expansion.
A new report reveals 6.8 million people in Britain are now in 'very deep poverty', the highest level on record, with child poverty rising and hunger spreading fast.
Chancellor Rachel Reeves responds to pub closure crisis with business rates relief and licensing reform, as new figures show 188 pubs lost in late 2025.
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A new Centre for Cities report reveals 11 towns and cities where disposable income growth outpaced the national average by more than double since 2013.
The classic 50/30/20 budgeting method is increasingly unrealistic for UK households facing high living costs. Discover practical alternatives like 70/20/10, zero-based budgeting, and envelope systems that work with today's financial realities.
Chancellor Rachel Reeves is expected to announce a £300 million support package for UK pubs following warnings about tax changes leading to closures and job losses.
The Federal Reserve is anticipated to maintain interest rates unchanged this week, with Chair Jerome Powell aiming to refocus on economic data amid ongoing political scrutiny from the White House.
EY analysis reveals policy shifts and global uncertainty caused 42% of UK profit warnings in 2025, the highest proportion in over 25 years, despite overall warnings falling to a four-year low.
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New analysis reveals Britain's poorest are getting poorer, with 6.8 million people living in very deep poverty - the highest level since records began in 1994.
