UK Economy Grows 0.1% in Q4 2025 Amid Budget Uncertainty
The UK economy expanded by 0.1% in the final quarter of 2025, according to ONS data, despite tax speculation around Rachel Reeves's budget dampening spending and investment.
Category : Economy
UK Economy Grew 0.1% in Q4 2025, Production Up 1.2%
The UK economy expanded by 0.1% in the final quarter of 2025, slightly below expectations. Growth was driven by a 1.2% increase in production, while construction fell 2.1% and services stagnated.
Taiwan's AI Economy Booms Amid Bubble Fears and China Tensions
Taiwan's economy is surging due to AI demand, led by TSMC and Foxconn, but faces risks from a potential bubble and geopolitical threats from China.
UK Economy Grows Modestly Amid Budget Concerns, ONS Reports
The UK economy is expected to have grown by 0.1% in Q4 2025, with annual growth at 1.4%, as budget uncertainty impacts sectors like services and construction.
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Cuban Peso Hits Record Low in Informal Markets
The Cuban peso has reached an all-time low against the US dollar in informal markets, driven by US oil sanctions and deepening economic turmoil, with severe impacts on daily life and tourism.
£10 Pint Looms as Pubs Face Extinction Under Tax Burden
Industry leaders warn that soaring VAT, taxes, and energy costs could push pint prices to £10, forcing hundreds of pubs to close across the UK.
Half of Britons Have Under £25 Left Weekly Amid Crisis
Exclusive survey reveals nearly half of UK adults have less than £25 spare weekly, with 63% cutting essentials like food and heating as the cost of living crisis worsens.
UK Economy Shows Modest Growth Amid Budget Worries
The UK economy is expected to have grown by 0.1% in Q4 2025, with annual growth forecast at 1.4%, despite ongoing budget uncertainty pressures.
CBO Projects Worsening Deficits and Rising Debt Over Decade
The Congressional Budget Office projects deteriorating federal deficits and rising public debt driven by Social Security, Medicare, and debt service costs, with debt hitting 120% of GDP.
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Australian Millionaires Call for Higher Taxes on Super-Rich
Dick Smith, Graham Marr, and Richard Barnes join a global call for wealth taxes, citing inequality and political influence of billionaires in Australia.
Wall Street Stunned by 130,000 US Job Gains in January
The US economy added 130,000 jobs in January, far exceeding economists' forecasts of 75,000, while the unemployment rate dipped to 4.3%.
HMRC Explains State Pension Tax Rules and Triple Lock Impact
HMRC has detailed how state pension tax codes adjust with triple lock increases, using specific calculations based on payment dates and National Insurance numbers.
Heineken Cuts 6,000 Jobs as Beer Demand Drops
Brewing giant Heineken announces plans to cut up to 6,000 jobs globally over two years, impacting 7% of its workforce, due to declining sales and challenging market conditions.
Musk's Hiring Trick: Ditch CVs for 20-Minute 'Wow' Factor
Elon Musk reveals his radical hiring method, ignoring CVs to focus on a 20-minute conversation and 'goodness of heart' for assessing job candidates at Tesla and SpaceX.
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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.
Albanese Government Considers Capital Gains Tax Changes
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 Q4 Demand Up Despite Prices, Outlook Hits Shares
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.
Minnesota Economy in Crisis Amid Federal Immigration Crackdown
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.
BP Halts Buybacks, Ramps Up Cost-Cuts as Profits Fall
BP 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.
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February 2026 Benefit Dates and Cost of Living Support
Essential guide to February 2026 payment dates for benefits and pensions, plus cost of living support amid rising inflation and economic challenges.
West Bank Palestinians Struggle as Israel Cuts Work Permits
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 Revenue Plummets Under Sanctions Pressure
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.
Australian Wages to Trail Inflation Until 2027, RBA Says
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.
Minister Explains National Insurance and Inheritance Tax Changes
Chief Secretary to the Treasury James Murray outlines major tax changes including National Insurance increases and inheritance tax relief adjustments before the Economic Affairs Committee.
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Historic Living Standards Decline Hits British Households Hard
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.
Lower-Income Families Face 137-Year Wait for Living Standards
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.
IRS Staff Cuts Lead to Tax Refund Delays and Backlog
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.
IRS Tax Refund Deadlines: Key Dates and Processing Times
Learn the crucial IRS tax deadlines for 2026, including filing dates, refund processing times, and how to track your payment status effectively.
Treasury Minister Outlines Long-Term Tax Changes for Drivers
Chief 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.
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HMRC Urges Universal Credit Claimants to Check Savings Eligibility
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.
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