Fiscal rules turn UK budgets into expensive pantomime
UK chancellors prioritise fiscal rule compliance over sound economic policy, creating budget farces. Discover why debt continues to climb despite political promises.
Category : Search result: oil debt
Reeves Confronts £110bn Debt Crisis in Budget
Chancellor Rachel Reeves must balance tax rises with spending cuts as Britain's debt servicing hits £110bn annually. Can she ignore political pressure and fix public finances?
Trump adviser coaching Putin on Ukraine peace plan
As Trump pardons Thanksgiving turkeys, his adviser Steve Witkoff reportedly coaches Russians on appealing to the president. Meanwhile, California faces mass coastal oil drilling.
Carer's Allowance scandal review demands urgent reform
Independent review reveals DWP's catastrophic failure in Carer's Allowance system, leaving carers with £250m debt. Labour must now deliver comprehensive reforms.
Debt Collection Charges Dismissed Against Panthera Finance
Criminal charges against debt collector Panthera Finance dismissed after court rules company wasn't technically collecting debts owed to others. Consumer Affairs Victoria ordered to pay costs.
Trump's Offshore Oil Drilling Plan Sparks Debate
The Trump administration proposes opening vast US coastal waters to oil and gas drilling, promising energy independence but facing fierce environmental opposition. Discover the potential consequences.
Reeves Faces £2.7tn Bond Market Test in Crucial Budget
Chancellor Rachel Reeves navigates the powerful £2.7tn gilt market as AI tools and traders scrutinise her budget. Will her plans satisfy the 'beast' that can make or break governments?
Northwestern Mutual: Graduates Left in Debt and Ruin
Graduates reveal how Northwestern Mutual's 'dream job' turned into a high-pressure insurance sales role leaving them in debt and alienated from friends. Investigation exposes the reality behind the financial adviser promises.
Black Friday BNPL Warning: Regulation Coming 2026
Debt charities warn shoppers about buy now, pay later risks this Black Friday as record numbers seek help. New FCA regulation begins July 2026. Read before you click.
Activist climbs Norway's Trafalgar Square Christmas tree
An Extinction Rebellion activist scaled the Norwegian Christmas tree destined for Trafalgar Square in an oil protest. Discover how this disrupted a 78-year tradition.
Energy price cap rises to £1,758 from January
Ofgem announces a surprise energy price cap increase for January, pushing bills to £1,758. Campaigners warn this offers 'no help to struggling families' amid a £4.4bn energy debt crisis.
New US Offshore Oil Drilling Sparks Political Clash
The White House reveals plans for new oil and gas leasing off the coasts of California and Florida, setting up a major political battle over energy and the environment.
Asda sells 24 stores in £568m deal amid debt
Asda sells 24 stores and a depot for £568m in a leaseback strategy to manage its £3.8bn debt pile. The GMB union condemns the move as 'asset stripping'. Read the full details.
Asda raises £568m from supermarket sell-offs
Asda has secured nearly £600m through sale-and-leaseback deals for its stores, using the funds to repay looming debt to former owner Walmart. Discover the supermarket's financial strategy.
US boycott of G20 sparks South Africa 'coercion' claim
South Africa accuses the US of 'coercion by absentia' after Trump administration boycotts G20 summit and blocks final declaration over policy disagreements.
Reeves faces £111bn debt crisis, must break manifesto pledge
Chancellor Rachel Reeves must choose between breaking Labour's tax pledge or maintaining unsustainable pension triple lock as Britain's debt interest hits £111bn. The Budget decision awaits.
Man jailed for stealing Banksy's £270k artwork
A man has been sentenced for stealing a Banksy print valued at £270,000 to settle drug debts. Discover the full story of this London art theft and its consequences.
M4 closed overnight after collision and oil spill
The M4 eastbound is closed overnight for emergency resurfacing following a serious collision and oil spillage. A casualty was hospitalised. Diversions are in place.
Mum turns £15,000 debt into inheritance for kids
Discover how a Glasgow mother transformed £15,000 credit card debt into a savings and investment strategy to build generational wealth for her children.
Father dies in North Sea oil rig crane fall
Tributes pour in for Lee Hulse, 32, who died after a fall on the Valaris 121 oil rig. A fundraiser for his family has raised over £16,000. Read the full story.
Germany's economic struggles under Merz continue
Six months into Chancellor Friedrich Merz's leadership, Germany faces renewed economic anxiety and political rebellion. Explore the challenges facing Europe's powerhouse and what it means for the future.
Investigation after man dies on North Sea oil rig
A major investigation is ongoing after Lee Hulse, 32, died in an incident on the Valaris 121 oil platform off Aberdeen. Police and the HSE are involved.
Stonegate eyes £1bn sale of 1,000 UK pubs
Stonegate Group, the UK's largest pub chain, is considering a £1billion sale of over 1,000 venues to address its £3billion debt. Discover the details and what's next for Slug & Lettuce owner.
Panthera Finance faces 15 charges in court battle
One of Australia's largest debt collectors defends against allegations it illegally pursued 200,000 debts in Victoria while banned. Court decision expected next Tuesday.
Castle Water bids £1bn extra for Thames Water rescue
Castle Water proposes additional £1bn cash injection for Thames Water, criticising current restructuring plans as inadequate for solving pollution crisis. Read the latest developments.
Debt Collector Allegedly Operated While Banned
Panthera Finance allegedly collected $60m from Victorians while banned. Consumer Affairs Victoria takes legal action. Affected consumers may be entitled to refunds.
Ukraine drone attack hits Russian Ryazan oil refinery
Ukrainian drones strike a key Russian oil refinery near Moscow, as Serbia faces a deadline to remove Russian owners from its state oil firm. Latest on day 1,362 of the war.
Saudi Arabia: $170K/minute oil profits vs climate
Saudi Arabia's massive oil profits create climate action paradox as desert kingdom faces extreme heat threats while blocking global fossil fuel phaseout.
Enfield Council's £1.2bn Debt Crisis
An auditor has issued statutory recommendations to Enfield Council to de-risk its £1.286bn debt, warning that its financial reserves have fallen below a safe threshold. Discover the full story.
Man jailed for stealing £270,000 Banksy print
A man who stole a £270,000 Banksy artwork from a London gallery to pay a drug debt has been sentenced to 13 months in prison. Discover the full story of the brazen burglary and swift recovery.
Page 3 of 4