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
The UK government recorded a record-breaking surplus in January, driven by strong tax receipts, providing a boost for Chancellor Rachel Reeves before her spring statement.
Centrica CEO Chris O'Shea received £4.73 million in pay and bonuses for 2025, while British Gas profits fell sharply and customers faced high energy bills.
Learn the crucial IRS tax deadlines for 2026, including filing dates, refund processing times, and how to track your refund status effectively.
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British Gas owner Centrica awarded CEO Chris O'Shea £3.6 million in bonuses and share awards for 2025, despite underlying earnings plunging from £1.55 billion to £814 million. The payouts come after shareholder rebellion and warm weather impacts.
Guardian Australia readers discuss the impact of inheritance and intergenerational wealth transfer on society, highlighting diverse perspectives and concerns.
People approaching state pension age face a one-year gap under new HMRC rules that reduce ISA allowances for under-65s while maintaining higher limits for those 65 and above, creating retirement planning challenges.
Centrica suspends share repurchases after adjusted EBITDA falls to £1.4bn, though beats forecasts. CEO cites challenging environment but highlights customer growth and major energy investments.
The UK Government has issued an urgent alert for over 750,000 people born between 2002 and 2011 to claim unclaimed Child Trust Fund money averaging £2,200 per person.
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The Institute for Fiscal Studies criticises Rachel Reeves's fiscal rules as 'dysfunctional', warning they harm economic stability and propose a new framework with broader indicators.
Liberal MP Tim Wilson has walked back earlier suggestions that the party might reconsider the RBA's full employment mandate, emphasising no immediate policy changes.
HMRC has announced the Help to Save scheme is now permanent, with expanded criteria from April 2028 making up to 1.5 million more families eligible for a 50% government bonus on savings.
British economist Gary Stevenson, who profited from the 2008 financial crisis, warns Australia faces soaring inequality, failing public services, and unaffordable housing without urgent tax reform.
The Institute for Fiscal Studies warns Chancellor Rachel Reeves that her rigid fiscal rules are creating economic uncertainty and hindering policymaking, likening her approach to driving while only watching the speedometer.
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A data analyst warns Australia is showing signs of fulfilling Lee Kuan Yew's 1980 prediction of becoming the 'white trash of Asia', citing economic complexity and migration issues.
The IRS has lost 27% of its workforce, creating a backlog of 590,000 amended returns and likely delaying refunds for millions of Americans this tax season.
President Donald Trump claims tax refunds are 'substantially greater' this year due to new tax rules, including exemptions for tips and overtime, with analysts projecting an average increase of $1,000.
In 2025, Australian wages grew at 3.4%, below the 3.8% inflation rate, eroding purchasing power. The RBA blames wages for inflation, but data shows profits are the real driver, with real wages stagnant for 15 years.
As Australia faces a $5.4tn intergenerational wealth transfer, economists suggest death taxes, pension reforms, superannuation caps, and property tax changes to combat entrenched inequality.
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New research shows Trump's sweeping tariffs will cost the average US household an extra $1,300 this year, marking the largest tax increase since 1993 and reducing GDP by 0.5%.
Business leaders tout AI as a path to shorter workweeks, but without power, workers are unlikely to share productivity gains, risking increased inequality and poverty.
UK inflation fell to 3% in January, but experts warn that rising labour costs and regulatory burdens could push food prices up again soon.
Thousands of UK employees wearing branded uniforms or specialist clothing may claim tax relief on laundry costs, with some professions eligible for enhanced allowances up to £1,022.
UK inflation decreased to 3% in January, the lowest since March last year, with economists forecasting imminent Bank of England interest rate cuts as prices approach the 2% target.
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UK inflation fell to 3% in January, a 10-month low driven by lower food and gas prices, reinforcing expectations of a Bank of England interest rate cut in March.
UK inflation has fallen to 3% in January, the lowest in 10 months, driven by declining fuel and food prices. Economists predict it could reach the 2% target by April, increasing chances of an interest rate cut in March.
Economist Renaud Foucart identifies three new social classes - Dinks, Alices and Henrys - replacing traditional categories as housing costs reshape British society.
The UK's inflation rate has decreased to 3% in January, down from 3.4% in December, marking its lowest point in almost a year according to the Office for National Statistics.
Millions of UK families must reconfirm eligibility every three months to continue receiving up to £2,000 per child through the Tax-Free Childcare scheme, with payments at risk of stopping.
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A new study reveals Gen Z's deep concerns about money, with economic instability and high costs fueling widespread financial anxiety among young adults.
