Labour's Tourist Tax to Price Brits Out of Holidays
Labour's new 'tourist tax' will add 5% to overnight stays, pricing many Brits out of holidays. One in five would avoid booking in England, hitting families and seaside towns hardest.
Category : Economy
Cost of living tsar urges Labour to end infighting over Starmer
Lord Walker, the government's cost of living tsar, warns Labour against 'navel-gazing' and urges focus on governing amid speculation over Keir Starmer's future as PM.
Young Aussies and Boomers Slam Budget Over Tax Changes
Young Australians dismiss Labor's budget aimed at helping them, while baby boomers rage against capital gains and negative gearing changes that threaten their savings.
UK Bond Yields Surge: £6bn Headroom Threat for Reeves
UK 10-year gilt yields rise above 5%, threatening Rachel Reeves' fiscal headroom by up to £6bn amid political uncertainty and inflation from the Iran war.
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Used EV Sales Hit Record High as Buyers Hunt for Cheaper Models
Used electric car sales in the UK reached a record high in Q1 2026, up 32% year-on-year, as more affordable battery vehicles enter the second-hand market.
Albanese admits past negative gearing use
PM Anthony Albanese confessed to using negative gearing, a day after Labor barred new investors from the concession in the Federal Budget.
UK Couple Exceeds Renovation Budget for French 'Village'
Ben and Nathan Pearson, from Hull, bought a French 'village' for £69k but have already spent their £100k renovation budget on just a kitchen, bedroom, and living room.
TUI Says No Jet Fuel Shortage Despite Iran Conflict
TUI reassures passengers no fuel shortages for 10 weeks despite Iran conflict, summer bookings down 7%, and Europe sourcing more oil from Africa.
SoftBank Profit Surges Five-Fold on AI Investments
SoftBank Group reports a nearly five-fold jump in annual profit to 5 trillion yen, driven by AI investments including OpenAI and Nvidia.
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Messi's MLS Salary Doubles, Surpasses Most Team Payrolls
Lionel Messi's new Inter Miami contract pays $25m base salary, more than double the next highest earner Son Heung Min, and exceeds payrolls of 28 other MLS teams.
Pensions Warning: 12 Million Face Poverty in Retirement
A third of UK adults are on track for a minimum retirement lifestyle, with costs at £13,400 for singles and £21,600 for couples, prompting calls for higher savings.
Vistry Warns of Steep Profit Drop Amid Iran War Impact
Housebuilder Vistry cautions first-half profits will be sharply lower due to Middle East conflict, rising costs, and use of incentives to boost demand.
Tui UK summer bookings down 10% amid Iran war and hurricanes
Tui reports a 10% drop in UK summer bookings, citing the Iran war and Jamaica hurricanes, which cost €61m. Despite record earnings, full-year profit targets are lowered.
12m face pension poverty, warns Scottish Widows
Scottish Widows report finds 31% of UK adults face pension poverty, with 12.2 million unable to afford a minimum retirement lifestyle. Auto-enrolment boost could halve the crisis.
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UK Millionaires Proud, Willing to Pay More Tax
A survey of UK millionaires reveals 88% are proud to live in the UK and 75% would pay more tax to fund public services, countering emigration fears.
Louisiana Police to Pay $4.85m to Black Motorist's Daughter
Louisiana state police and a sheriff's office agreed to pay $4.85m to the daughter of Ronald Greene, a Black motorist fatally shocked and punched during a 2019 arrest.
CGT and Negative Gearing Tax Breaks Favour Richest 1%
New data reveals over half of capital gains tax concessions benefit the top 1% of earners, with negative gearing also heavily skewed towards the wealthy.
2026 Federal Budget: Welcome to Pauline's Australia
The 2026 federal budget introduces 'Aussie woosers' replacing winners and losers. A satirical take on budget equality under Pauline's Australia.
2026 Budget: Tax, Housing, NDIS Cuts Explained
Guardian Australia's Luca Ittimani answers key questions on the 2026 federal budget, including property tax changes, NDIS cuts, and impacts on young Australians.
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UK Bond Market on Edge After Political Turbulence
UK long-term bond yields hit 28-year highs amid Labour leadership fears and Reform gains, raising borrowing costs and economic concerns.
Lidl Loyalty Revamp Sparks Mockery from Aldi and Shoppers
Lidl's new points-based loyalty program draws criticism from customers and a viral TikTok roast from rival Aldi, with complaints over reward value.
Train Strikes Threaten Chaos for NRL Magic Round
Ongoing pay dispute between Queensland Rail workers and state government may cause train strikes during Magic Round, disrupting travel for thousands of NRL fans heading to Suncorp Stadium.
Scottish Boxing's Bleak Future After Dubois-Wardley Thriller
Daniel Dubois' victory over Fabio Wardley showcased British heavyweight boxing at its best, but Scottish boxing struggles with a lack of top talent after Josh Taylor's retirement.
Speaker Pays Off Graduates' Student Loans in Surprise
Anil Kochhar stunned graduates at North Carolina State University by announcing he and his wife would pay off all final-year student loans for Wilson College of Textiles' Class of 2026.
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Eurovision 2026: First Semi-Final Results and Finalists
Ten countries advanced to the Eurovision 2026 final after the first semi-final in Vienna. Israel's Noam Bettan qualified despite protests. Italy and Germany also secured spots.
US Grocery Prices Up 2.9% in April on Fuel Crisis
US grocery prices rose 2.9% in April year-over-year, the highest since August 2023, driven by fuel surcharges from the Iran war, trade policies, and weather. Food inflation hits 3.2%.
Iran's Economy Struggles Under War and US Blockade
Soaring inflation and economic decline test Iran's ability to withstand war and US blockade, with food prices surging and the middle class shrinking.
Man Utd Transfer News: Ederson Update and Summer Wishlist
Manchester United are preparing a busy summer transfer window with at least five new signings planned, including midfielders to replace Casemiro and a new goalkeeper.
Conan O'Brien Returns to Host Oscars 2027 Despite Ratings Dip
Disney confirms Conan O'Brien will host the 2027 Oscars after a 9% viewership decline to 17.86 million, the lowest since 2022.
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Asian Shares Mixed as AI Hype Fades and War Worries Linger
Asian shares traded mixed on Wednesday as fading AI enthusiasm slowed Wall Street's rally and geopolitical tensions persisted, with oil prices remaining elevated.
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