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.
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.
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.
A former police officer from Bath and her partner have tripled their earnings after moving to Dubai, citing improved safety and work-life balance despite higher living costs.
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A critical error in HMRC's online state pension forecast tool has misled up to 800,000 workers, showing overly optimistic figures. Many may receive less than expected unless they make costly top-up payments.
Lebanon holds one of the Middle East's largest gold reserves as its economy struggles. The government considers using it to bail out banks while citizens turn to gold to protect savings.
Russia's wartime economic boom has ended, with growth stagnating due to falling oil revenues, tax hikes, and severe labour shortages. Experts debate the impact on Ukraine conflict funding.
Reserve Bank Governor Michele Bullock has appealed to the private sector to help improve Australia's sluggish productivity growth as part of efforts to control persistent inflation pressures.
A podcast explores whether the political discourse around RBA interest rate hikes is overly simplistic, examining economic impacts and policy complexities.
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A new report sparks debate on inheritance tax in Australia, exploring whether future generations will give or receive wealth, with implications for policy and fairness.
Martin Daly, crowned Screwfix Top Tradesperson 2025, is leaving Britain for Switzerland, citing Labour's Budget tax increases, insufficient apprenticeship funding, and excessive red tape as decisive factors.
As discussions about Universal Basic Income gain traction in government circles, critics warn this socialist fantasy could lead to economic ruin by encouraging mass worklessness at staggering taxpayer expense.
The debate over Australia's capital gains tax discount is escalating, with critics arguing it fuels housing unaffordability by inflating prices and benefiting investors over first-time buyers.
New pension salary sacrifice rules from April 2029 will remove NICs exemption for contributions over £2,000, impacting millions of workers and potentially reducing take-home pay.
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New analysis reveals that upcoming restrictions on salary sacrifice pension schemes could impact millions of workers beyond those contributing over £2,000 annually, raising concerns about retirement savings incentives.
The European Central Bank maintains its benchmark deposit rate at 2% as the eurozone economy demonstrates modest yet resilient growth, overcoming tariff disruptions and benefiting from low unemployment and reduced energy costs.
The Bank of England has kept interest rates unchanged at 3.75% while revising down its UK growth forecasts and predicting a rise in unemployment, as it aims to stabilise inflation around the 2% target.
The Bank of England has kept interest rates unchanged at 3.75% to anchor inflation at its 2% target, while significantly downgrading its UK growth forecasts for 2026 and 2027.
Donald Trump has failed to clarify the status of his promised $2,000 tariff dividend cheques for Americans, contradicting himself in a recent interview and leaving distribution uncertain.
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Government analysis predicts 4.2 million children will live in relative low income by 2029, a mere 10% drop from current levels, despite Labour's policy changes.
The UK services sector expanded at its fastest pace in five months in January, driven by post-budget confidence, but employment fell for the longest period in 16 years as firms cut costs.
A heated exchange erupted on Sunrise as host Nat Barr challenged Housing Minister Clare O'Neil over government action on inflation and interest rate rises, with Nationals Senator Bridget McKenzie joining the fiery debate.
Economist Greg Jericho condemns the recent interest rate increase as 'cowardly' in a Guardian podcast, sparking debate on monetary policy and its economic impact.
Approximately one million individuals risk £100 penalties for missing the self-assessment tax deadline, with HMRC collecting provisional data on submissions.
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Anthropic's new AI tool for lawyers triggers sharp share price falls for European data and publishing firms, reigniting concerns over AI-driven job losses in the UK.
An estimated one million people missed the self-assessment tax deadline, facing £100 penalties. HMRC reveals 475,722 filed on the final day, with millions in fines expected.
HMRC reveals over one million missed the January 31 Self Assessment deadline, facing £100 penalties that could increase, while 11.48 million filed on time.
The Reserve Bank of Australia has increased its benchmark interest rate to 3.85%, reversing three cuts from last year as inflation pressures intensify.
The Reserve Bank's latest cash rate increase to 3.85% highlights Canberra's failure to curb spending, forcing monetary policy to bear the full burden of taming persistent inflation.
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Australian consumers face higher prices for spirits like vodka, gin, and whisky after a new alcohol excise duty increase aligned with inflation came into force this Monday.
