The Trump administration's budget proposal calls for a 42% increase in defense spending to $1.5 trillion, while slashing non-defense programs by 10%. Democrats condemn the plan as 'bleak and unacceptable'.
Despite rebranding efforts, ESG principles continue to dominate UK pension funds, diverting investments from profitable industries and violating fiduciary responsibilities to maximize returns for shareholders.
Capital gains and inheritance taxes are hitting more Britons due to frozen thresholds and reduced exemptions. Learn key strategies to minimize your tax burden before the tax year ends.
A third inflationary crisis in under a decade threatens UK households, with analysis revealing stark disparities in impact based on income and wealth. Experts warn of rising food and energy costs hitting poorest hardest.
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As the tax year ends, discover 18 key financial changes in April 2026, including minimum wage increases, tax rises, and benefit adjustments affecting households across the UK.
A series of significant financial measures, including wage increases, energy bill reductions, and tax adjustments, come into force in the UK today, with more changes set for April 6.
As the new tax year begins, frozen thresholds and shrinking allowances create a wave of stealth tax increases affecting income, inheritance, and dividends, compounding financial pressures amid economic uncertainty.
Global bond markets are entering a precarious phase, driven by stagflationary shocks and fiscal pressures. Weak auction results and rising debt issuance expose the UK to heightened volatility and investor scrutiny.
Australia eliminates debit and credit card surcharges by October, saving consumers $1.6bn annually, while Fair Work Commission abolishes junior pay rates for workers 18 and over.
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Money Saving Expert founder Martin Lewis issues urgent warning to use £20,000 tax-free ISA allowance before April 5 deadline, explaining key rules and differences between cash and stocks & shares ISAs.
The escalating conflict in Iran has triggered a surge in UK government borrowing costs, jeopardizing Chancellor Rachel Reeves's £23bn fiscal headroom and exposing Britain's vulnerability to global market shocks.
The Reserve Bank of Australia has decided to keep interest rates unchanged, sparking discussions on economic policy and fuel excise under Prime Minister Albanese's leadership.
Savers are warned to act quickly before the Easter Sunday deadline for cash ISAs, with rates up to 4.45% and a cut in next year's allowance fueling a last-minute rush.
Vinod Khosla proposes eliminating income tax for millions and raising capital gains taxes, warning AI will perform 80% of tasks in most jobs within 25 years.
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Millions of benefit claimants will see payments increase from April, with State Pension rising under the triple lock and Universal Credit rates climbing by 6.2%. Full list of new DWP rates detailed.
Major UK tax changes from April affect workers and business owners. Key updates include dividend tax hikes, minimum wage increases, and abolished allowances.
The UK government's borrowing costs have risen sharply as global bond markets react to escalating tensions in the Iran conflict, raising concerns over public finances.
Chartered accountant Nicole Zalys shares expert tips on how much to save annually based on your income, from £20,000 to £60,000, with strategies to build financial resilience.
Ministers will propose a compromise to cap pension fund mandation powers at 10% after House of Lords rejection. The move follows intense criticism from peers and industry over government authority.
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Charities and unions call for new windfall taxes on banks, defense, and energy firms profiting from Middle East conflict to fund emergency cost-of-living measures.
Chancellor Rachel Reeves updates MPs on government measures to address rising fuel and energy prices, ruling out universal subsidies while exploring targeted support and regulatory actions.
Australia's treasurer confronts a monumental budget dilemma as global fuel price shocks from the Iran war threaten to spike inflation and unemployment, with economists warning of potential fuel rationing.
Married couples and civil partners can reduce their tax exposure by transferring assets to maximize allowances. Learn how this strategy works and the key catch to consider before the tax year ends.
A new study reveals that making six simple financial switches this spring, including using smart meters and cancelling subscriptions, can save households more than £800 annually, with 65% of families having a designated 'bills boss'.
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Bank of England chief economist Huw Pill says interest rates must be used to tackle inflation, vowing action against economic damage from the Iran war as uncertainty grows.
New Zealand introduces temporary weekly cash payments to 157,000 low-income families as petrol prices surge 40-50 cents per litre following Middle East conflict, with fuel stocks at 46 days.
Chancellor Rachel Reeves has announced that any future government support for energy bills will be targeted rather than universal, criticizing the previous administration's approach as irresponsible and unaffordable.
Shadow Chancellor Rachel Reeves confirms contingency planning for a targeted energy support package, criticizing the previous Conservative government's universal scheme as unfair and costly.
Chancellor Rachel Reeves pledges targeted energy support for poorest households, criticizes Tory-era £40bn bailout as fiscally irresponsible, and outlines Labour's growth reforms amid economic pressures.
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Chancellor Rachel Reeves will outline emergency measures to combat soaring energy costs driven by the Iran conflict, including new powers to crack down on corporate price gouging.
