Russian Businesses Face Pain from Wartime Tax Policy
As Russia's invasion of Ukraine enters its fourth year, new tax policies are squeezing small businesses from bakeries to beauty salons, forcing closures and threatening economic growth.
Category : Economy
Capital Gains Tax Discount Faces Union-Led Inquiry Demands
Australia's peak union body argues the capital gains tax discount has failed its original purpose, with hearings beginning to consider reducing it from 50% to 25% for fairness.
Trump Trade War Risks Undermining US Interest Rate Cut Hopes
Donald Trump's proposed trade tariffs could fuel inflation, complicating the Federal Reserve's ability to implement significant interest rate cuts, economists warn.
Food Producers Sound Alarm on Soaring Energy Charges
Indoor growers in the UK, including Thanet Earth, warn that a 60% rise in electricity standing charges from April will cripple competitiveness, drive up food prices, and threaten domestic production.
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Reeves Confronts Spending Demands in Precarious UK Economy
Chancellor Rachel Reeves prepares for her spring statement amid calls for increased spending, despite warnings of a fragile UK economy and strained public finances.
Four UK Firms Collapse as Administration Cases Jump 41%
A prestigious fashion retailer, a luxury chocolatier, a jewellery manufacturer, and a construction firm have all entered administration this week, highlighting a 41% spike in corporate insolvencies across the UK.
HMRC's Making Tax Digital: Self-Assessment Overhaul for Traders
HMRC's Making Tax Digital initiative mandates sole traders and landlords with income over thresholds to use commercial software for quarterly tax updates, starting this spring.
Australian Pensioners Get Payment Boost, Deeming Rates Change
Over five million Australians, including 2.5 million pensioners, will see increased social security payments from March 20, alongside adjusted deeming rates for financial assets.
HMRC: Wait Until April 6 for Pension Tax Refunds
HMRC has issued guidance urging pensioners who overpaid tax to wait until April 6, 2026, to claim refunds via Self Assessment, alongside details on upcoming tax changes and state pension increases.
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UK Economy Brightens Ahead of Reeves' Spring Statement
Record public finances, surging retail sales, and accelerating business activity provide a positive backdrop for Chancellor Rachel Reeves' upcoming spring statement, though analysts warn of ongoing economic vulnerabilities.
IRS Tax Refund Delays: Staff Shortages and Backlogs
Millions of Americans face extended IRS tax refund delays due to staffing shortages and processing backlogs, with electronic filings taking up to 21 days and paper returns up to 42 days.
Trump Denies Blame as US GDP Growth Slows to 1.4%
The US economy experienced a dramatic slowdown in fourth-quarter growth, with GDP increasing at just 1.4% annually. Former President Trump insists he's not to blame, pointing to political factors instead.
US GDP Growth Slows to 1.4% in Q4 2025, Misses Forecasts
US economic growth slowed sharply to 1.4% in Q4 2025, missing forecasts of 3%, due to government shutdown disruptions and consumer spending moderation, though AI and tax cuts may boost 2026.
US Economy Growth Slows to 1.4% in Fourth Quarter
The US economy expanded at just 1.4% in Q4 2025, down sharply from previous quarters, as government and consumer spending weakened. The slowdown highlights unusual economic conditions with solid growth but weak job creation.
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UK's £30.4bn Economic Boost: Can It Last?
The UK recorded a record £30.4bn budget surplus in January, offering Chancellor Rachel Reeves a major win. However, experts question whether this windfall is sustainable amid economic volatility and policy challenges.
UK's £30.4bn Economic Boost: Can It Be Sustained?
The UK government recorded a record £30.4bn budget surplus in January, beating forecasts and offering hope for the economy. However, questions remain about sustainability and future policy directions.
US Economy Slows to 1.4% Growth as Inflation Stays High
New data reveals the US economy grew at just 1.4% annually in Q4 2025, missing forecasts, while core inflation remained at 3%, complicating Federal Reserve decisions.
Pensioners Get 15-Day Warning on HMRC Tax Changes
HMRC warns pensioners to verify their tax details within 15 days to avoid overpaying or underpaying tax due to incorrect personal allowance splits.
UK Business Growth Accelerates with Export Orders at Post-Pandemic High
The UK's private sector shows increased momentum with factory export orders hitting their highest level since 2021, though job losses continue for the 17th consecutive month, particularly in services.
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UK Government Finances Surge with Record Borrowing Surplus
Britain recorded its largest ever public sector net borrowing surplus of £30.4 billion in January, driven by high tax receipts and lower debt interest costs.
Record Borrowing Surplus Boosts Chancellor Reeves
Britain posts its largest ever monthly borrowing surplus of £30.4bn, exceeding OBR forecasts and providing relief ahead of the spring statement.
Reeves' £30bn Boost May Signal End of Tax Rises
The Treasury recorded a record £30.4bn surplus in January, doubling last year's figure and exceeding forecasts, potentially easing pressure for further tax increases under Chancellor Rachel Reeves.
British Gas CEO Gets £3.6m Bonus as Profits Halve
Centrica CEO Chris O'Shea received £3.6 million in bonuses despite the energy giant's underlying earnings dropping to £814 million from £1.55 billion. His total pay package reached £4.73 million.
Record UK Borrowing Surplus of £30.4bn in January
The UK government posted a record public sector net borrowing surplus of £30.4 billion in January, driven by strong tax receipts and lower debt interest costs, providing a boost ahead of the spring statement.
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Reeves' Tax Hikes Fuel Record £30.4bn Budget Surplus
Official figures reveal a record public sector net borrowing surplus of £30.4 billion in January, driven by higher tax receipts and lower debt interest costs.
UK Government Posts Record £30.4 Billion Borrowing Surplus
The UK government achieved a record public sector net borrowing surplus of £30.4 billion in January, driven by strong tax receipts and lower debt interest costs, providing a boost ahead of the spring statement.
Record £30.4bn Government Borrowing Surplus in January
The UK government posted a record £30.4 billion borrowing surplus in January, driven by strong tax receipts and lower debt interest payments, providing a boost ahead of the spring statement.
UK Government Hits Record Borrowing Surplus in January
The UK government posted a record public sector net borrowing surplus of £30.4 billion in January, driven by high self-assessed tax receipts and lower debt interest payments.
UK Reports Record-Breaking Surplus Under Rachel Reeves
The UK has achieved a record-breaking budget surplus, with Chancellor Rachel Reeves announcing a significant fiscal milestone amid economic reforms and public spending debates.
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UK Public Finances Hit Record Surplus, Retail Growth Slows
The UK economy faces a mixed outlook with public finances expected to reach a record £23.8bn surplus in January, while retail sales growth slows to 0.2%. Key data releases today include UK retail sales and public finances, alongside Eurozone and US report
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