DWP boss blames carers for £300m allowance scandal
A top DWP civil servant has blamed claimants for the carer's allowance crisis, contradicting an official review that found systemic failures. Over 180,000 carers face life-changing debts.
Category : Search result: debt restructuring
Poundland Announces 14 New Store Closures
Poundland reveals another 14 UK stores will close by February 2026 as part of a major restructuring. See the full list of locations and closure dates here.
Poundland announces 14 new store closures
Poundland reveals a further 14 UK stores will close by early February as part of a major restructuring plan. Find out if your local branch is affected and see the full list of closures.
MP Uses Custard Creams to Explain Why 'Britain is Broke'
A Labour MP's viral TikTok uses biscuits to illustrate the UK's debt crisis and economic stagnation. Discover his novel approach to political storytelling.
Poundland Announces 14 More Store Closures
Poundland reveals 14 more stores will close by early February, with clearance sales offering up to 40% off. See the full list of locations and dates.
MP's biscuit video on UK debt goes viral with 3.3m views
Glasgow South MP Gordon McKee uses custard creams to explain UK debt-to-GDP ratio in viral video, leading a new wave of creative political communication on social media.
Victoria to cut 4,000 public service jobs in $2.3bn savings plan
The Victorian government announces a major public sector overhaul, aiming to cut 4,000 jobs and save $2.3bn. Find out which departments are affected and the impact on services.
Thames Water complaints surge 75% amid £20bn debt crisis
Thames Water reveals a 75% surge in complaints as it negotiates a bailout to tackle its £20bn debt. Read the latest on the utility giant's financial struggle.
Leon warns of closures after £8 million loss
Leon founder John Vincent reveals potential site closures and job cuts as he battles to restore the struggling fast-food chain to its former health. Read his full recovery plan.
Thames Water profits leap as funding crisis looms
Thames Water reports a £386m half-year profit, driven by higher bills, but warns of a potential rapid collapse into government control due to its £17bn debt crisis. Read the latest on the utility's precarious future.
OBR's Long-Term Debt Warnings Threaten UK Economy
Beyond the public feud with Chancellor Rachel Reeves, the OBR's reports reveal a perilous long-term fiscal outlook for the UK, with high debt and demographic pressures risking financial stability. Read the full analysis.
ATO Targets $5.3bn in 'On-Hold' Tax Debts in New Drive
The Australian Tax Office has relaunched a campaign to recover $5.3bn from 325,000 taxpayers, including debts dating back to 2017. Read about the revised scheme and its implications.
Berenberg promotes two in major structural overhaul
German investment bank Berenberg has promoted David Janssens and Christian Gottlob to new roles in a significant restructuring of its operations. Discover the strategic moves behind the reshuffle.
Elderly left in cold by faulty energy meter and poor service
An elderly woman in Stafford was left without heating due to a faulty British Gas prepayment meter, highlighting systemic customer service failures across UK energy suppliers, including billing errors and threats to minors.
Fears for UK security as Foreign Office scraps conflict unit
MPs warn that abolishing the FCDO's migration and conflict directorate undermines UK security and risks losing vital expertise in global peace-building efforts.
79-year-old widow chased for 2p energy debt
A 79-year-old disabled widow from Dudley was pursued for a 2p debt due to a computer error, threatening her credit rating and causing immense stress. Discover how the situation was resolved.
Student loan freeze to squeeze low-paid graduates
NUS warns a 3-year freeze on the student loan repayment threshold will force graduates to repay more, sooner, potentially leaving them struggling with basic living costs. Discover the impact on new graduates.
Reeves' 'Deceiving' Budget Delays Debt Repair
Rachel Reeves faces criticism for 'deceiving' Budget that delays fiscal repair as economists warn of interest rate hold fears. Key details on borrowing and tax changes.
UK's Weak Fiscal Position After Budget Tax Rises
Economists warn the UK remains in a weak fiscal position post-Budget, with tax burden hitting a record high. Discover the analysis and market concerns.
£5,500 Student Debt Relief Plan for Australians
Labour government introduces legislation to wipe 20% from student loans and raise repayment threshold. Discover how this cost-of-living measure affects millions.
Australia imposes 20% cap on risky mortgage lending
Australian regulator cracks down on high-risk lending as property prices surge. New rules limit mortgages over 6x income to protect financial stability and affordability.
OBR: UK Tax Burden Hits Record High
The OBR warns Rachel Reeves' Budget leaves UK finances vulnerable as the tax burden hits an all-time high. Discover the full impact on households and the economy.
HP cuts 6,000 jobs in AI-driven restructuring
HP announces up to 6,000 job cuts by 2028 as it embraces AI technology. The restructuring aims to save $1bn annually while improving product innovation and customer service.
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.
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?
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.
ABN Amro Announces 5200 Job Cuts Over Three Years
Dutch banking giant ABN Amro reveals plans to cut 15% of workforce in strategic overhaul. Discover how this impacts European banking sector and what's next.
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.
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.
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