Bus driver docked pay for refusing work in 34C heatwave
A London bus driver claims his pay was docked for refusing to work in a cab with faulty air conditioning during a 34C heatwave, despite mayoral assurances.
Category : Budget Finance
Fed holds rates steady despite Trump's renewed calls for cuts
The US Federal Reserve held interest rates unchanged for the fifth time since December, despite Donald Trump's renewed calls to lower rates. The tenuous US-Iran peace deal has pushed energy prices up, strengthening the case for a hike.
Thames Water: No Bill Cut Despite Hosepipe Ban
Thames Water confirms customers won't see reduced bills due to the hosepipe ban, citing legal frameworks and billing structures.
Australia inflation dips to 3.8%, rate rise odds crash to 3%
Australia's June inflation fell to 3.8%, below expectations, slashing the chance of an August rate rise to just 3%, as petrol and electricity price dynamics shift.
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Standard Chartered Profit Hit by Middle East War Impact
Standard Chartered's investment bank profit fell 26% in Q3 due to Middle East conflict, with revenue dropping amid lower client activity.
TUC urges tax raid on banks as Barclays profits soar
Barclays reports £1.3bn bonus pool, up 30%, and half-year profits of £6.1bn. TUC calls for higher bank taxes to tackle cost of living crisis.
Banks Charged $55M in Extra Interest Over Offset Errors
Australian banks overcharged mortgage holders $55 million in extra interest due to faulty offset accounts, with Asic warning the figure will rise as remediation continues.
Fare-dodging 'wipes out' TfL's £168m price hike
Fare evasion costs TfL £165m a year, nearly matching the £168m raised by March fare rises, prompting accusations of 'sheer incompetence' from the Centre for Government Reform.
Westminster Council faces £100m cuts, asks residents what to keep
Westminster City Council will lose over £100 million in government funding over four years, prompting council tax rises and service cuts. Residents are being asked which services to prioritize.
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Richard Hammond fined £999 for speeding twice
Richard Hammond was fined £999 and given seven penalty points after pleading guilty to two speeding offences in Shropshire court. Additional charges of failing to identify driver were withdrawn.
First new Australian oil refinery in 60 years proposed for WA
Australia's first new oil refinery in 60 years could be built in Western Australia under a $4m feasibility study funded by the Commonwealth and WA government to reduce fuel vulnerability amid global oil shocks.
Rapist who abducted teen at knifepoint may never leave prison
Aaron Strachan, 21, dragged a 15-year-old girl to a dingy basement in Edinburgh, raped her at knifepoint, and later fled custody. He received a lifelong restriction order with a minimum five years, with the judge saying he may never be released.
Burnham hints at council tax overhaul: what could change?
Prime Minister Andy Burnham signals potential reform of council tax and stamp duty, with options including a proportional property tax or land value tax.
Rising oil prices may push UK interest rates higher
Economists warn that surging oil prices could compel the Bank of England to raise interest rates, threatening economic growth and increasing borrowing costs for households and businesses.
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Burnham Unveils £2.5bn Social Care Plan for Greater Manchester
Andy Burnham announces a £2.5bn social care plan for Greater Manchester, including free personal care and a pay rise for carers, funded by a local tax levy.
Burnham hints at council tax changes, Manchester pays more
PM Andy Burnham says Manchester residents pay 'much higher' council tax than some in London, hinting at reforms. Number 10 denies plans to replace council tax with property or land value tax.
House passes $1.15tn defense bill amid Iran war, voter disputes
The US House passed a $1.15tn defense policy bill in a near-party-line vote, with Democrats opposing it over the Iran war and Trump-backed voting restrictions.
BBC funding crisis: podcast explores licence fee alternatives
Media critic Mark Lawson discusses with Nosheen Iqbal why the BBC director general has lost faith in the licence fee model and what funding options exist for the national broadcaster.
Can Andy Burnham End Rough Sleeping in the UK?
Andy Burnham vows to end rough sleeping as PM. Record 4,793 people slept rough in England in 2025. Manchester's 'A Bed Every Night' model may go national.
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Hanson: domestic violence leave 'ridiculous', police overburdened
One Nation leader Pauline Hanson said domestic violence leave is 'ridiculous' and claimed 75% of police time is spent on DV, taking focus from 'real crime'.
Gary Lineker Leads Call for Wealth Tax on Rich
Gary Lineker and over 100 wealthy Brits sign open letter to PM Andy Burnham, demanding higher taxes on the rich, sparking debate on wealth tax feasibility.
Hegseth's $1.5tn Pentagon budget request sparks chaos
Defense Secretary Pete Hegseth proposes a 44% increase to $1.5tn for 2027, matching WWII levels, while seeking emergency Iran war funding and cutting 'woke' programs.
Centrica warns Rough gas storage closure without support deal
Centrica threatens to close Rough gas storage facility by April 2025 unless government provides long-term financial support for £2bn expansion, raising UK energy security concerns.
Croydon agency staff costs hit £55m; mayor defends rise
Croydon Council's annual agency staffing costs have risen from £22m to £55m in four years. Mayor Jason Perry defends the increase, saying temporary staff are needed for financial stabilisation, but Labour calls it a 'staggering failure'.
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City heavyweights outline demands for new Chancellor
City leaders call on new Chancellor John Healey to prioritize financial services competitiveness, tax stability, and post-Brexit reforms in his first budget.
16m at risk in 'defibrillator deserts' in England and Wales
More than 16 million people in England and Wales live beyond a 1km round trip from a 24/7 defibrillator, reducing cardiac arrest survival chances.
UK inflation falls to 2.6% in June, beating forecasts
UK inflation dropped to 2.6% in June, exceeding forecasts, as fuel and clothing prices fell, giving a lift to PM Andy Burnham's cost-of-living agenda.
Streeting: Defence spending to boost UK economic growth
Defence secretary Wes Streeting says higher defence spending will drive economic growth, as Labour prioritises military over other departments under Andy Burnham.
DWP £150 Warm Home Discount from October for eligible Brits
The DWP will reopen the Warm Home Discount in October, giving eligible households a one-off £150 payment applied directly to electricity bills to help with heating costs.
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Nocturnal doping tests for Pogacar and Vingegaard
Tadej Pogacar and Jonas Vingegaard faced unexpected night-time doping controls before stage 15 of the Tour de France, authorized by a Paris judge. Vingegaard was tested at 2am, Pogacar at 5am.
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