Martin Lewis: Check Universal Credit for £1,500 Off
Martin Lewis urges Universal Credit claimants to check for council tax support worth up to £1,500, warning millions miss out due to separate application systems.
Category : Budget Finance
IMF Urges UK to Stay Course on Borrowing Cuts
The IMF praises Rachel Reeves for deficit reduction but warns of domestic uncertainty as bond markets fret over a potential Labour leadership challenge to Keir Starmer.
Reeves to Cancel Fuel Duty Rise for Cost of Living
Chancellor Rachel Reeves plans to cancel a planned fuel duty rise to help with the cost of living, extending a 5p cut at a cost of £2.4bn a year.
Bond Market Rout Deepens on Iran War Inflation Fears
Global bond sell-off intensifies amid rising inflation fears from the Iran war, with Japanese 30-year yields hitting 4% and US 10-year yields at 4.631%.
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Crime a Serious Barrier to UK Growth, Business Leaders Say
A BCC survey reveals two-fifths of UK firms faced crime in the past year, with rising shoplifting, fraud, and cyber-attacks threatening economic growth.
Gilt Market Looms Over Labour Leadership Contest
The gilt market is poised to react to any Labour leadership contest, but analysts say energy prices and Iran conflict are bigger drivers of yield surges than political uncertainty.
British Gas to Pay £112m Over Prepayment Meter Scandal
British Gas customers will receive up to £112m in compensation and debt write-offs after Ofgem found the supplier forced prepayment meters on vulnerable households.
FTSE 100 on Alert as Burnham Parliament Bid Stirs Bond Market
Andy Burnham's move to return to Parliament sparks market jitters, with gilt yields spiking. Rachel Reeves defends economic plan amid leadership turmoil.
Senate Confirms Kevin Warsh as Fed Chair
The US Senate confirmed Kevin Warsh as Federal Reserve chair in a 54-45 vote, replacing Jerome Powell amid rising inflation and pressure from Trump to lower rates.
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Budget 2026: Tax Reforms Target Fairness for Wage Earners
Australia's 2026 budget introduces tax reforms to address wage stagnation and inequality, with measures like the Working Australia Tax Offset and changes to capital gains tax and negative gearing.
Japan's Care System Lessons for Europe's Ageing Crisis
A three-year global search for solutions to Europe's big problems reveals Japan and Taiwan's innovative care systems, from multigenerational living to low-tech community hubs.
City Warns of Bond Market Turmoil Over Labour Leadership
Investors warn that a Labour leadership contest ignoring public finances could trigger a bond market meltdown, echoing the Liz Truss crisis.
Australia's 2026 Budget: A Degustation Leaves Voters Unsatisfied
Labor's budget offers a wide range of initiatives but fails to fully satisfy voters. Housing reforms address intergenerational inequality but may not yield quick results.
UK Millionaires Willing to Pay More Tax, Survey Finds
A survey of UK millionaires shows 88% are proud to live in the UK, and 75% would pay more tax to fund public services, challenging narratives of a wealthy exodus.
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Australia's Media Reacts to 2026 Budget: Communist State to Jim Reaper
Australian newspapers gave mixed reactions to the 2026 federal budget, with Murdoch tabloids calling it a communist redistribution and others focusing on tax changes and election promises.
Budget Tax Reforms: Fairness vs Reality for Young Buyers
Analysis of Australia's budget tax reforms on negative gearing and capital gains, their impact on housing affordability, and the gap between rhetoric and reality for younger Australians.
Tax Reform Threatens 'Rent-Vesting' for Young Australians
Changes to negative gearing and capital gains tax from July 2027 may deter young Australians from using rent-vesting to enter the housing market, experts warn.
Labour's Holiday Tax Threatens Staycations
UKHospitality warns Labour's holiday tax could add over £100 to two-week breaks, costing 33,000 jobs and £2bn GDP, hitting working families hardest.
DWP Lists 56 Health Conditions for Attendance Allowance
Over 1 million pensioners may miss out on Attendance Allowance worth up to £114 per week. DWP lists 56 qualifying conditions including arthritis, dementia, and COVID-19.
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Pension Fund Buys Cheap UK Gilts Amid Political Turmoil
Standard Life buys UK government bonds at multi-decade lows as political uncertainty over Keir Starmer's future and the Iran war drive gilt yields higher.
Martin Lewis's Scary Pension Rule: Halve Your Age for Savings
Martin Lewis shares a sobering pension rule: save half your age as a percentage of salary for a strong retirement. Start at 20, save 10%; at 40, save 20%.
FCA E-Money Licence Approvals Plummet 80% Since 2020
FCA approved only 35 e-money licences in 2025, down 80% from 2020. Experts cite a 'dual squeeze' from market saturation and regulatory pressure.
Vertu Motors Urges Faster EV Sales Target Review
Vertu Motors calls on the government to accelerate its review of the ZEV mandate, citing profit drops and market disruption. The scheme's targets create intense pressure on dealers.
Ask the expert: Is £500k enough to retire?
A reader asks if £500k in pensions and ISAs, with no mortgage, is enough to retire at 55. An expert explains annuity vs drawdown, state pension, and lifestyle costs.
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Australia Budget 2026: Cost of Living and Housing Reforms
Treasurer Jim Chalmers delivers the 2026 federal budget focusing on cost-of-living relief and housing tax reforms, including capital gains and negative gearing changes.
Australia 2026 Budget: Chalmers Pursues Ambitious Tax Reforms
Treasurer Jim Chalmers unveils a bold 2026 federal budget with property tax changes to boost home ownership, NDIS cuts, and cost-of-living relief, despite risks from the Iran war.
Australia Budget Warns of Recession Risk from Iran War
Treasury modelling shows oil prices could hit $200/barrel, pushing inflation to 7.25% and Australia to the brink of recession due to the US-Israel war on Iran.
Australia 2026 Budget: Tax Cuts and Higher Travel Costs
The 2026 Australian federal budget introduces tax cuts for workers, higher passenger movement charges, and reforms targeting trusts and negative gearing. First home buyers benefit, while rich families and overseas travelers face higher costs.
UK Borrowing Costs Soar to 28-Year High on Labour Leadership Fears
UK 30-year bond yields surged to 5.794%, the highest since 1998, as investors worry about potential changes to Labour's fiscal policy under new leadership. Yields later eased after Starmer ruled out resigning.
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Australia's 2026 Budget: $20M for Leichhardt Oval
Australia's federal budget allocates $20m to restore Sydney's Leichhardt Oval, along with funds for cervical cancer drugs, tariff abolition, and drone regulations.
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