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 sustainability
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.
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.
The Hidden Water Cost of Datacentres and AI
As AI expands, datacentres' massive water consumption raises urgent environmental questions. Explore the sustainability challenge facing the tech industry.
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.
Major Brands' Green Ads Banned by UK Regulator
The ASA has banned adverts from Nike, Superdry and Lacoste for making unsubstantiated environmental claims. Discover how regulators are cracking down on greenwashing.
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.
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.
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.
Ben Ainslie's Team Wins SailGP Impact League
Sir Ben Ainslie's Emirates GBR team clinches SailGP's 2025 Impact League title while leading championship, proving sustainability and elite sport can coexist successfully.
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.
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.
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.
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.
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.
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.
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