HMRC's Help to Save: £1,200 Bonus for Low-Income Savers
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.
Category : Economy
Trump Proud of Economy as Polls Reveal Cost of Living Crisis
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.
Wetherspoon Founder Urges Support for Reform's Pub Tax Plans
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.
UN Chief: Move Beyond GDP to Avoid Planetary Disaster
UN Secretary-General António Guterres warns that current economic metrics reward pollution and must be overhauled to value environmental sustainability and human wellbeing.
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Japanese Stocks Surge as Takaichi Wins Landslide Election
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.
UK Employers Install Office Beehives to Improve Workplace Wellbeing
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: Universal Credit Savings Exception Revealed
Martin Lewis highlights a DWP Help to Save scheme offering 50% bonuses for Universal Credit recipients, plus insights on mortgage overpayments versus savings.
UK Economy Set for Modest Growth as Budget Clarity Emerges
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.
UK Economy Grew Modestly in Q4 2025 Despite Budget Concerns
The 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.
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UK Economy Grows Modestly in Q4 2025 Despite Budget Concerns
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.
Road Tax to Rise with Inflation, New EV Charge Coming
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 Struggle with Power Cuts from Russian Attacks
Ukrainian businesses face severe challenges from Russian attacks on energy infrastructure, with power outages forcing reliance on expensive generators and threatening survival.
HMRC's Digital Tax Change: Act Now to Avoid Penalties
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.
HMRC Advises Checking Payslips as Tax Amounts May Vary
HMRC clarifies tax rules after a taxpayer reported discrepancies, explaining that tax codes are estimates and can change due to unaccounted income shifts.
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Barefoot Investor Supports CGT Discount Changes in May Budget
Scott Pape brands the 50% Capital Gains Tax discount a 'boneheaded policy' that fuels housing unaffordability, as Treasurer Jim Chalmers considers major tax reform ahead of the May Budget.
Musk's Wealth Can't Buy Happiness, Echoing Ancient Wisdom
Elon Musk's tweet about money and happiness sparks debate, drawing parallels to King Solomon's ancient lament and raising questions about modern contentment.
Chalmers Accuses Opponents of Dishonesty on Rate Rise Blame
Treasurer Jim Chalmers has strongly criticised political opponents for what he calls 'deliberate and dishonest' attempts to blame government spending for the latest interest rate hike, defending the government's fiscal record.
San Francisco March for Billionaires Protests Wealth Tax
A 'March for Billionaires' in San Francisco protests a proposed one-time wealth tax on California's ultra-rich, with organizers insisting it's serious despite skepticism.
IRS Staff Cuts Cause Major Tax Refund Delays
The IRS has lost 27% of its workforce since 2025, creating a backlog of 590,000 amended returns and risking delayed refunds for taxpayers across America.
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Malawi Businesses Force Tax System Delay in Mass Protests
Thousands of small businesses across Malawi have shut down in protest against a new electronic tax invoicing system, forcing authorities to delay its implementation until April amid economic turmoil.
Universal Credit Rates for April 2026 Announced by DWP
The Department for Work and Pensions has released proposed Universal Credit payment rates for April 2026, with increases for standard allowances but cuts to health-related elements for new claimants.
Poll: Majority Say Economy Worsened Under Trump Administration
A new poll indicates that 55% of Americans view the economy as deteriorating under President Trump, with CNN analyst Harry Enten warning of electoral consequences.
US Retirement Crisis: Average Savings Below $1,000
A shocking study reveals the average American has just $955 saved for retirement, with millions lacking employer plans and poverty rising among seniors.
IRS Staff Cuts Could Delay Tax Refunds for Millions
The IRS has lost 27% of its workforce since 2025, creating a backlog of 590,000 amended returns and risking significant delays in refund payments for taxpayers.
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Cost of Living Crisis Persists: 44% of Households Make Cutbacks
Exclusive research reveals over four in ten households are dipping into savings or selling possessions to cover essential bills, despite some easing of economic pressures.
HMRC Explains Tax Code Changes for State Pensioners
HMRC has clarified how tax codes will be adjusted for state pension recipients as payments increase by 4.8% in April under the triple lock policy. The authority uses DWP data to update codes automatically.
IRS Tax Refunds Delayed Until March, Average Up $1,000
The IRS projects 164 million tax returns by April 15, with average refunds $1,000 higher than last year. Many refunds, especially those with EITC or ACTC credits, won't arrive until March due to legal holds and processing delays.
Labor Eyes Capital Gains Tax Reform to Tackle Housing Crisis
With a strong majority and a chaotic opposition, Labor is considering changes to the capital gains tax discount to address Australia's housing affordability crisis and intergenerational inequity.
Child Benefit Tax Shock for Thousands of UK Families
New data reveals 54,000 more families will be hit by the high income child benefit charge by 2030-31, with HMRC set to collect £2.57bn over six years. Experts warn many remain unaware of liability.
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Universal Credit Increase Delayed for Millions of Claimants
Millions of Universal Credit claimants will not see the inflation-beating payment rise until June, despite rates officially increasing in April due to assessment period rules.
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