Britain to be worst G7 economy in 2025, OECD warns
A damning OECD forecast predicts Britain will be the weakest economy among G7 nations next year, with growth projections slashed amid persistent inflation and political stagnation.
Category : Economy
OECD: UK to Lead G7 Growth in 2025 as Inflation Falls
The Organisation for Economic Co-operation and Development predicts the UK will be the fastest-growing economy in the G7 next year, with inflation expected to return to the Bank of England's 2% target. Chancellor Jeremy Hunt welcomes the 'major improvemen
Global Economy Shows Surprising Resilience to Trump Tariffs
The OECD's latest economic outlook reveals a world economy weathering Trump's aggressive tariff strategy better than forecasted, with global growth holding steady at 3.1% despite trade tensions.
2.2 Million Pensioners Face Stealth Tax After Pension Hike
A massive stealth tax trap is set to snare over two million pensioners following the recent state pension increase, with many facing unexpected bills from HMRC. Experts warn of financial distress and complex repayments.
Opinium Survey Reveals Brits' Top Financial Worries
Exclusive research from Opinium uncovers the financial pressures keeping Britons awake at night, with energy bills and grocery costs leading anxiety levels across UK households.
Reeves urged to swap 2p NI cut for income tax rise
Exclusive: The Chancellor is facing calls for a radical budget overhaul that would cut National Insurance for workers but increase the basic rate of income tax, a move experts say could simplify the tax system.
Hamburger Helper Sales Slump: A UK Recession Warning
A sharp decline in sales of the popular meal kit Hamburger Helper is being interpreted by economists as a significant warning sign of an impending UK recession, as households cut back on discretionary spending.
Business Leader Lutnick Predicts Trump Election Victory
Cantor Fitzgerald CEO Howard Lutnick forecasts a Donald Trump victory in the upcoming US election, citing economic factors and voter sentiment in key battleground states.
Macron's popularity slumps to record low amid mass protests
French President Emmanuel Macron faces a historic crisis as his approval ratings crash to an unprecedented low following massive nationwide protests against his government's austerity measures.
Romanian PM demands King's resignation over royal luxury
Romanian Prime Minister Marcel Ciolacu has launched a scathing attack on the country's royal family, calling for King Michael's resignation and criticising their lavish state-funded lifestyle as 'unacceptable' for a nation grappling with widespread povert
Labour urged to hike gambling tax to fund NHS
Exclusive: Labour is urged to review gambling levy as new analysis reveals potential £1.6bn windfall for Treasury to support struggling public services.
Cost-of-Living Crisis Forces UK Charity Closures
A devastating new report reveals hundreds of UK charities, including major names like Oxfam and Macmillan, are shutting down services and branches as the cost-of-living crisis bites, threatening vital support for the nation's most vulnerable.
Daily Mail's Stark Warning: UK Economic Crisis Looming
The Daily Mail issues a powerful critique of the UK's unsustainable economic trajectory, warning of dire consequences from unchecked public spending, soaring debt, and a looming crisis that threatens future generations.
Rachel Reeves rules out major tax hikes to fuel growth
Shadow Chancellor Rachel Reeves vows to prioritise economic growth over significant tax increases, promising a 'decade of national renewal' with a focus on planning reform and infrastructure investment.
Dyson's Brexit Regret: Billionaire calls Leave support a "mistake"
In a stunning reversal, vacuum tycoon Sir James Dyson declares his Brexit support was a 'mistake' and criticises the economic fallout, sending shockwaves through business and political circles.
Macron Accused of Wrecking France's Economy and Society
A scathing new book by acclaimed author Éric Zemmour launches a fierce critique of Emmanuel Macron's presidency, accusing him of dismantling France's economy and fracturing its social fabric. This in-depth analysis examines the claims.
ONS rejects Chancellor Reeves's economic growth forecasts
The Office for National Statistics has dealt a major blow to Chancellor Rachel Reeves's economic plans, refusing to endorse her growth forecasts and sparking a political row over the new government's financial strategy.
UK Economy Stagnates with 0.0% GDP Growth in April
New ONS data reveals zero growth in April 2024, dashing hopes of a post-recession rebound. The services sector stalled while production fell, putting pressure on the next government.
UK Economy Stagnates with 0.0% GDP Growth in April
New figures from the Office for National Statistics show the UK's economic recovery stalled in April 2024, with zero growth following a 0.4% expansion in March. The services sector slowed while production fell, casting a shadow over the government's pre-e
Rachel Reeves slams 'shambolic' ONS economic data
Chancellor Rachel Reeves launches a blistering attack on the Office for National Statistics, criticising its 'shambolic' GDP figures and demanding a major review to restore trust in UK economic data.
Personal Insolvencies Surge 23% in England & Wales
New government data reveals a sharp 23% rise in personal insolvencies across England and Wales. Individual Voluntary Arrangements (IVAs) are the primary driver, highlighting a growing debt crisis.
UK Borrowing Hits £37.6bn, Exceeding Forecasts
Chancellor Rachel Reeves faces a stern fiscal test as UK public sector borrowing hits £37.6bn for the first five months of the financial year, exceeding official forecasts and complicating Labour's spending ambitions.
UK Borrowing Rises as Consumer Confidence Slumps
New ONS data reveals a sharp rise in UK public sector borrowing alongside falling consumer confidence, creating a challenging backdrop for Chancellor Rachel Reeves's upcoming autumn budget.
Australia's £50BN Debt Interest Time Bomb
Australia is facing a severe fiscal crisis as interest payments on its national debt are projected to skyrocket, consuming an ever-larger portion of the federal budget and threatening future economic stability.
Centrelink Cash Boost for Millions Starts Tomorrow
Millions of eligible Australians will see a significant increase in their Centrelink payments starting tomorrow, as the federal government's indexation changes come into effect. Here's who qualifies and how much extra you'll receive.
IFS Exposes £18bn Black Hole in Labour's Spending Plans
New Chancellor Rachel Reeves faces immediate economic reality check as Institute for Fiscal Studies exposes £18bn black hole in Labour's spending plans, forcing potential cuts to public services.
Trump Huddles with US CEOs in Secret Yale Club Meeting
Exclusive details emerge from Donald Trump's closed-door meeting with powerful US business leaders at Yale Club in New York, discussing economic policy and a potential 2024 comeback.
France's 'Block Everything' Strikes Halt Nation Over Pensions
France faces major disruption as unions launch a 'Bloquons Tout' (Block Everything) general strike against President Macron's controversial pension age rise to 64. Transport, schools, and energy sectors are hit.
Trump's Supreme Court challenge over Fed's Lisa Cook
Former President Trump initiates a Supreme Court battle to block the renomination of Federal Reserve Governor Lisa Cook, setting up a major constitutional confrontation over presidential powers and central bank independence.
Rare 50p Coins In Circulation Worth Up To £150
Check your change! Three specific 50p coins currently in circulation are fetching up to 20 times their face value from collectors. Discover which ones to look out for and how much they could be worth.
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