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.
Category : Economy
Chalmers Faces Inflation Blame as Economic Agenda Shifts
Australian Treasurer Jim Chalmers pivots from forward-looking economic reforms to defending government spending amid rising inflation fears and potential interest rate hikes.
2026 Forbes Billionaires List: American Dominance
The Forbes 2026 billionaires list reveals overwhelming American dominance among the world's wealthiest, with only one non-American making the top ten. Discover how these moguls built their fortunes.
Inflation Spike Fuels Rate Hike Expectations and Spending Debate
Fresh inflation data has economists predicting an imminent interest rate hike, sparking political debate over government spending's role in price pressures as households face mounting financial strain.
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Tesla Profit Plunges to Lowest Since Pandemic
Tesla reports its lowest annual profit since the pandemic, losing its top EV maker title to a Chinese rival as boycotts and political backlash impact sales, though investor optimism persists.
Bessent: Skip Kids' Toys, Invest in Trump Accounts Instead
Treasury Secretary Scott Bessent suggests families invest in new Trump Accounts rather than buying toys for children's birthdays, promoting long-term financial security amid criticism of tone-deafness.
Fed Holds Interest Rates Steady Amid Inflation Concerns
The US Federal Reserve maintains interest rates at 3.50%-3.75%, citing persistent inflation and robust economic growth, with a 10-2 vote and no timeline for future cuts.
Wall Street Picks Winners from 2026's Giant US Tax Refunds
American taxpayers are set to receive unusually large refunds in early 2026 due to a timing quirk with Trump's tax cuts. Wall Street analysts have identified retailers, restaurants, and trading platforms likely to benefit most from the consumer spending s
Trump's 'Trump Accounts' Aim to Create Millionaires
President Donald Trump announces 'Trump accounts' offering $1,000 to newborns, with projections reaching $1.1 million by age 28, amid criticism over wealth gap concerns.
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RBA Rate Decision: Why Experts Urge Caution on Inflation Data
The Reserve Bank of Australia faces market pressure to raise interest rates following December's inflation figures, but deeper analysis reveals holiday travel and electricity subsidies are distorting the data.
UK Cost of Living Crisis: Hardest-Hit Cities Mapped
New analysis reveals Blackburn, Hull, Birmingham and Bradford as the UK's most income-deprived cities, while Cambridge leads income growth. Experts warn economic growth is essential for lasting solutions.
Millionaire's Three-Step Exercise for Financial Success
Self-made millionaire Mark Tilbury shares a simple three-step goal-setting exercise he claims the wealthy keep secret to help achieve financial freedom in the coming year.
Inflation Spike Dashes Mortgage Rate Cut Hopes
December's hotter-than-expected inflation data pressures the Reserve Bank to hold interest rates longer, delivering a fresh blow to stretched mortgage holders across Australia.
£300m Pub Support Package Unveiled by Chancellor Reeves
Chancellor Rachel Reeves is set to reveal a £300 million financial support package for UK pubs following warnings that tax changes could trigger widespread closures and job losses.
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HMRC Tax Shake-Up to Hit Thousands with Extra Charges
Thousands of self-employed workers and landlords face new digital tax reporting requirements from April 2026, with significant compliance costs and quarterly deadlines under HMRC's Making Tax Digital expansion.
Record High: Brits in 'Very Deep Poverty' Hits Peak
A new report reveals 6.8 million people in Britain are now in 'very deep poverty', the highest level on record, with child poverty rising and hunger spreading fast.
Government Announces Major Support Package for UK Pubs
Chancellor Rachel Reeves responds to pub closure crisis with business rates relief and licensing reform, as new figures show 188 pubs lost in late 2025.
11 UK Cities Where Living Standards Rose Fastest
A new Centre for Cities report reveals 11 towns and cities where disposable income growth outpaced the national average by more than double since 2013.
Modern Budgeting: Why 50/30/20 Fails & Better Alternatives
The classic 50/30/20 budgeting method is increasingly unrealistic for UK households facing high living costs. Discover practical alternatives like 70/20/10, zero-based budgeting, and envelope systems that work with today's financial realities.
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Chancellor to Unveil £300m Pub Support Package After Backlash
Chancellor Rachel Reeves is expected to announce a £300 million support package for UK pubs following warnings about tax changes leading to closures and job losses.
Fed to Hold Rates as Powell Returns Focus to Economics
The Federal Reserve is anticipated to maintain interest rates unchanged this week, with Chair Jerome Powell aiming to refocus on economic data amid ongoing political scrutiny from the White House.
Policy Changes Spark Record UK Profit Warnings
EY analysis reveals policy shifts and global uncertainty caused 42% of UK profit warnings in 2025, the highest proportion in over 25 years, despite overall warnings falling to a four-year low.
Record High: 6.8 Million in Deep Poverty as Poorest Get Poorer
New analysis reveals Britain's poorest are getting poorer, with 6.8 million people living in very deep poverty - the highest level since records began in 1994.
Record Poverty Levels in UK Demand Urgent Government Action
New research reveals poverty in Britain has reached record highs, with 14.2 million people living in deprivation. The Joseph Rowntree Foundation warns these figures will worsen without immediate government intervention.
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UK Deep Poverty Hits Record High, Analysis Shows
New analysis reveals a record 6.8 million people in the UK are living in 'very deep poverty', with household incomes failing to cover basic essentials like food and energy bills.
UK Living Standards: 11 Towns Grow Twice as Fast
Research reveals 11 UK towns and cities, including Brighton and Warrington, saw disposable income grow twice as fast as national average over past decade.
11 UK Towns See Disposable Income Growth Double National Rate
New research reveals 11 UK towns and cities where disposable incomes grew twice as fast as the national average over the past decade, with Brighton leading at 8.1% growth.
How to Get Your Tax Refund Fast: Expert Advice
Tax experts reveal essential steps to speed up your refund, from avoiding common errors to choosing the right filing method. Learn how to maximise efficiency during the 2026 tax season.
Four Hospitality Venues Close Daily Under Labour Government
Britain's hospitality sector contracted by 0.4% in late 2025 as 382 food and drink venues closed. Chancellor Rachel Reeves faces criticism for offering pubs relief while other businesses struggle with soaring costs.
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Net Worth Thresholds: Poor, Middle-Class and Wealthy in America
A financial analyst outlines the precise net worth figures that categorise Americans as poor, middle-class or wealthy, based on Federal Reserve data, amid ongoing economic concerns.
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