BoE Governor: No Rush to Raise Rates Amid Iran War Uncertainty
Andrew Bailey indicates interest rates will stay at 3.75% due to weak growth and Iran war uncertainty, tolerating above-target inflation temporarily.
Category : Budget Finance
Labour MPs Slam Khan Over Overturning 1,700-Home Rejection
City Hall overrules Barnet Council to approve 1,700+ homes, sparking fury from Labour MPs who say the decision ignores local plans and community concerns.
UK 'Lost Generation' as 1 Million Youth Jobless
A landmark report warns the UK risks a 'lost generation' with over 1 million 16-24 year olds not in education, employment or training. Alan Milburn urges policy reset.
Australia Sues 3M for Record $2 Billion Over PFAS Contamination
The Australian government launches legal action against 3M for allegedly withholding information about PFAS chemicals, seeking over $2 billion in damages for contamination at defence bases.
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Resident Doctors in England to Stage Four-Day Strike
Resident doctors in England will strike for four days in June, the 16th stoppage in a long-running pay dispute. The BMA blames the new health secretary for the action.
DWP travel warning for PIP claimants in July and August
The DWP warns PIP recipients to report trips abroad over 4 weeks or risk losing benefits. Contact the enquiry line before traveling.
Pension System Unfair and Unaffordable: Readers Respond
Guardian readers debate the unfairness and unaffordability of the UK pension system, highlighting public sector DB schemes and the triple lock.
UK Petrol Prices Hit Record High Amid Iran Tensions
Petrol prices in the UK have soared to a record high since the Iran War began, with unleaded averaging 159.43p per litre. The RAC warns prices may rise further as US strikes threaten a fragile truce.
Japan PM's Tax Cut Plan Hits Cash Register Hurdle
Japan's PM Sanae Takaichi pledged to suspend the 8% food sales tax, but retailers say cash registers can't handle a zero percent rate, causing delays.
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UK May Heatwave: Tropical Nights and Record Temperatures
Parts of England expected to hit 35°C on Monday, breaking May records. Two 'tropical nights' forecast as UK faces 'super El Niño' summer.
Sweden PM Pledges More IVF Amid Record Low Birthrate
Sweden's fertility rate has fallen to 1.42, the lowest since 1749. Prime Minister Ulf Kristersson promises expanded IVF funding to boost birthrates ahead of elections.
UK Energy Bills to Rise by £209, Ministers Urged to Act
Households in Great Britain face energy bill 'anxiety' as typical costs forecast to rise by £209 to nearly £1,900 this summer. Ministers urged to cut utility bills.
Albanese Advances Labor Budget Tax Reform
Prime Minister Albanese forges ahead with Labor's budget tax reform, including changes to CGT, negative gearing, and business taxes, aiming to boost economic fairness.
Reeves' Children's Meal VAT Cut Called a 'Soundbite'
Restaurateurs criticize Rachel Reeves' temporary VAT cut on children's meals as a political 'soundbite' that will have little impact on families or businesses.
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UK Borrowing Surges in April on Inflation and Debt Costs
UK public borrowing hit £24.3bn in April 2026, exceeding forecasts due to high inflation increasing benefits and debt interest payments, amid bond market jitters.
UK Borrowing Surges in April as Inflation and Bond Yields Rise
UK public borrowing hit £24.3bn in April, exceeding forecasts by £3.4bn, driven by high inflation and rising debt costs. Retail sales fell 1.3% as fuel purchases plunged.
Heat Wave Warning: 9 Common Medications at Risk
With temperatures soaring above 30°C in London, certain medications like paracetamol, insulin, and EpiPens may become less effective due to heat damage. Learn which drugs are vulnerable and how to store them safely.
Great British Summer Savings: Full List of Discounts and Freebies
The UK government launches the Great British Summer Savings scheme with VAT cuts, free bus travel for kids, and supermarket price freezes to help families amid rising costs.
Minnesota Healthcare Fraud: $250M Scheme
A massive healthcare fraud in Minnesota involving over $250 million in false claims has been uncovered, leading to multiple arrests and charges.
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Alton Towers VAT Cut for Families by 2026
Alton Towers announces a VAT reduction on family tickets from 2026, aiming to make days out more affordable for families across the UK.
Reeves Cuts VAT on Summer Days Out to 5%
Chancellor Rachel Reeves announced a temporary VAT cut to 5% on summer attractions, free bus rides for under-16s, and a fuel duty freeze to ease cost of living pressures.
Rachel Reeves' Summer Savings: 4 Key Measures
Chancellor Rachel Reeves announces a targeted cost-of-living package including VAT cuts on attractions and kids' meals, free bus travel for children, food tariff cuts, and funding via energy company taxes.
Starmer Scraps Fuel Duty Rise, Extends 5p Cut
Keir Starmer announces extension of fuel duty freeze and 5p cut, saving average driver £120 over two years, as response to cost-of-living pressures.
UK Inflation Slows to 2.8% in April
UK inflation fell to 2.8% in April, below forecasts, due to lower energy price caps. However, economists warn the drop is temporary as Iran war drives up fuel costs.
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Coalition Budget Reply: Wilson Targets Labor Plan
Tim Wilson delivers Coalition's budget reply at National Press Club, criticizing Labor's economic management and outlining alternative policies.
NS&I to Contact Families Owed £367m in Savings Scandal
NS&I will contact thousands of families next week after a scandal where £367m was mistakenly withheld from deceased customers' estates. Payments to start soon.
New Platform to Report Anti-Hindu Hate Crimes Launched in London
A new online platform, the Anti-Hindu Hate Monitor, has been launched in London to record anti-Hindu hate incidents, addressing a rise in faith-based hate crimes.
Australia Budget: Albanese AI Memes, Pocock Warning
Reactions to Australia's federal budget include Albanese AI meme controversy and David Pocock's warning on spending priorities.
Who Is Afraid of Tax Reforms in the Budget?
The budget's tax reforms spark debate: who truly fears them? An analysis of the political and economic implications for the UK.
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Health Minister Defends Private Health Rebate Cuts for Over-65s
Health minister Mark Butler pushes ahead with removing higher private health insurance rebates for Australians aged 65+, despite backlash. Expert says policy will have almost no impact on public hospitals.
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