Australia's Central Bank Lifts Rate to 3.85%
The Reserve Bank of Australia has increased its benchmark interest rate to 3.85%, reversing three cuts from last year as inflation pressures intensify.
Category : Economy
RBA Rate Rise Reveals Labor's Fiscal Denial
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.
Australian Spirits Tax Increase Takes Effect This Week
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.
Sunrise Hosts Grill Treasurer Over Inflation Comments
Sunrise hosts Nat Barr and Matt Shirvington challenge Treasurer Jim Chalmers on his past inflation remarks as economists warn of government spending's role in rising prices ahead of an expected RBA rate hike.
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UK Growth to Slow to 0.9% in 2026, Business Investment Contracts
The EY Item Club forecasts UK GDP growth will decelerate to 0.9% in 2026, with business investment contracting by 0.2% as tax hikes and global uncertainty weigh on the economy.
Pilot Cuts Salary 25% to Avoid £100k Tax Trap
A Surrey pilot has deliberately reduced his working hours by a quarter after discovering that earning just over £100,000 would leave him worse off due to the personal allowance tax trap, choosing instead to focus on his London tour business.
Modi's Budget Cuts Taxes for Middle Class, Boosts Economy
India's government presents annual budget with income tax reductions for salaried workers, agriculture support, and clean energy investments amid economic challenges.
PM's Tennis Outing Amid Rate Hike Fears Sparks Debate
Prime Minister Anthony Albanese attended the Australian Open semi-finals with his son as Australians brace for a potential interest rate increase, sparking political arguments over inflation causes.
UK Growth Forecast Slashed to 0.9% for 2026
The EY Item Club predicts subdued UK economic growth of just 0.9% in 2026, far below Treasury expectations, as global uncertainty and tax policies curb business investment.
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RBA Holds Rates Steady, Easing Mortgage Pressure in Australia
The Reserve Bank of Australia has announced it will maintain the current interest rate, providing temporary relief for homeowners facing high mortgage repayments amid economic uncertainty.
Record US Tax Refunds Expected Under New Law
Americans are poised to receive their largest tax refunds in years due to policy changes from the One Big Beautiful Bill Act, with an estimated $60 billion extra compared to last year.
February 2026 Money Changes: Alcohol, Fines, Rates
A comprehensive guide to the major financial shifts and deadlines in February 2026, including alcohol duty increases, Nationwide savings cuts, and smart meter compensation schemes.
India's 2026 Budget Balances Infrastructure with Fiscal Discipline
India's government presents 2026-27 budget with major infrastructure spending and manufacturing focus while maintaining fiscal consolidation targets amid global economic volatility.
Corporate America's Silence Tested by Trump Administration
As immigration raids turn deadly in Minnesota, US CEOs face mounting pressure to speak out against Trump's policies while fearing government retaliation and consumer backlash in a deeply polarized era.
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HMRC's Midnight Deadline: £100 Fine for Self-Assessment
Millions face an immediate £100 penalty from HMRC if they miss the self-assessment tax return deadline at midnight tonight, with escalating fines for further delays.
Betfred Founders Top UK Tax List, Styles and Rowling Feature
The Sunday Times Tax List reveals the UK's top 100 taxpayers contributed £5.758 billion, led by Betfred's Done brothers. Harry Styles, JK Rowling and Mo Salah also feature prominently.
Alcohol Duty Rise Forces Pub and Shop Price Increases
UK drinkers face higher costs as a 3.66% alcohol duty increase comes into force, with industry leaders warning of inevitable price rises across pubs, bars and supermarkets.
IRS Tax Refund 2026: When to Expect and Track Your Money
The IRS projects average refunds could be $1,000 higher this year. Learn when to expect your payment and how to use tracking tools like Where's My Refund?
Shell Earnings to Drop 21% After Oil Price Slump
Shell is expected to report a 21% drop in full-year underlying earnings to $18.79bn as oil prices saw their biggest fall since 2020, with analysts forecasting significant declines across key metrics.
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HMRC Warns Taxpayers as Self-Assessment Deadline Looms
HM Revenue and Customs issues urgent warning to two million taxpayers facing Saturday's self-assessment deadline, with automatic £100 penalties for late filing and enhanced support services available.
Self-Assessment Deadline Looms: 10 Million File
With the January 31 self-assessment tax return deadline approaching, HMRC reports over 10 million filings. Late submissions risk automatic £100 penalties and further fines.
Eurozone Growth Steady as Dollar Weakness Threatens Exports
The European economy recorded modest 0.3% growth in Q4 2025, overcoming US tariff threats, but now faces challenges from a stronger euro against the dollar that could impact export competitiveness.
HMRC Sends 1.3m Tax Letters After Threshold Freeze
Frozen income tax thresholds have caused HMRC to issue 1.32 million simple assessment letters, doubling since 2021. Pensioners face unexpected bills as state pension rises toward the frozen £12,570 allowance.
Taiwan's Economy Grows 8.6% in 2025, Fastest in 15 Years
Taiwan's economy expanded at an 8.6% annual rate in 2025, its fastest growth in 15 years, driven by the AI boom and a surge in exports to the United States.
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IRS Tax Refund Timeline 2026: Expectations & Delays
The 2026 tax filing season is underway, with the IRS expecting 164 million returns. Learn about refund timelines, potential delays due to staffing issues, and how to track your payment.
IRS Tax Refund 2026: Dates, Delays & How to Check
The 2026 tax filing season is underway, with the IRS expecting 164 million returns. Learn about refund timelines, potential delays due to staffing cuts, and how to check your status.
Altria Earnings Flat Amid Cigarette Slump, Pouch Rivalry
Tobacco giant Altria reported disappointing quarterly earnings, missing Wall Street forecasts due to falling cigarette sales and stiff competition in the flavoured nicotine pouch market.
Trump Attacks Powell, Demands Lowest Global Interest Rates
President Trump renews criticism of Federal Reserve Chair Jerome Powell, demanding artificially low interest rates regardless of economic indicators while linking policy to tariff revenue.
Zombie Firms on Brink as Critical Distress Jumps 44%
A new report reveals tens of thousands of zombie companies could collapse in 2026, with critical financial distress surging 44% year-on-year amid tax pressures and weak demand.
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Minister Proposes UBI for AI Job Loss Protection
Investment Minister Jason Stockwood says government is discussing universal basic income as research shows UK losing more jobs than creating due to AI disruption.
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