RBA Holds Interest Rate at 4.35% as Economy Slows
The Reserve Bank of Australia kept the official cash rate at 4.35%, offering little relief to mortgage holders amid economic slowdown and rising unemployment.
Category : Budget Finance
Trillionaires Threaten Democracy: How to Fight Back
Gabriel Zucman argues that extreme wealth is corrosive to democracy, citing historical thinkers and modern data. He proposes a minimum wealth tax to curb billionaire power.
BoJ Hikes Rates to 1%, Highest Since 1995
The Bank of Japan raised its short-term policy rate to 1%, a 31-year high, to combat inflationary pressures from the Iran war, while US and UK central banks are expected to hold rates.
RBA Holds Rates at 4.35% Amid Inflation and Geopolitical Risks
The Reserve Bank of Australia holds the cash rate at 4.35%, ending a run of three hikes. Governor Bullock warns inflation remains too high, and geopolitical tensions pose upside risks.
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HMRC error may owe millions of pensioners tax refunds
Up to 8.7 million pensioners may have overpaid tax due to an HMRC calculation error, averaging £5 each. The issue went undetected for months, and automatic refunds are not yet issued.
UK investment fraud losses top £220m in 2025
UK investment scams involving gold, crypto and wine surged 40% to £221.5m in 2025, as AI enables larger-scale fraud, UK Finance reports.
Super El Niño could bring freezing UK winter
Experts warn a 'super El Niño' could plunge the UK into a record-breaking freezing winter after extreme global heat, with potential for heavy snow and crop failures.
Travel Insurance: Disclose Health Conditions to Avoid Invalid Cover
Learn why disclosing medical conditions is crucial for travel insurance, how to find affordable cover, and real stories of high premiums due to health issues.
US Consumer Sentiment Rises in June as Gas Prices Ease
Easing gas prices boost US consumer sentiment in June, but it remains historically low amid Iran war and rising inflation, per University of Michigan survey.
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Three major banks predict rate cuts in 2027
ANZ, Commonwealth Bank, and NAB now expect interest rates to fall from mid-2027, while Westpac forecasts hikes in August and September 2024.
DWP warns: 17 life changes Universal Credit claimants must report
Universal Credit claimants must report 17 life changes to the DWP or risk sanctions, overpayments, or benefit fraud charges. Learn what to report.
HMRC move on same date every year 'unlocks £1,000 bonus'
Investing in an ISA on April 6 each year can unlock over £1,000 in tax-free growth, thanks to compounding. Experts urge early action to maximize returns.
Emmerdale Star Reveals Mary's Role in Assault Aftermath
Louise Jameson confirms Mary Goskirk will support Vanessa Woodfield after Charity Dingle's sexual assault by Doctor Caitlin Todd in Emmerdale.
Girl Stabbed Outside Dublin School Now in Wheelchair, Non-Verbal
A five-year-old girl stabbed outside a Dublin school is now in a wheelchair, non-verbal, and learning to swallow again, her mother told a court.
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Dads play 10-min match to protest paternity leave
A football match with a twist was played outside Westminster as dads fight for better paternity leave. Each match lasted 10 minutes, representing the current statutory leave of 10 days.
Caroline Marland, Guardian Media Group MD, Dies at 80
Caroline Marland, who as managing director of Guardian Media Group transformed the paper's finances by capturing the jobs advertising market, has died aged 80.
DWP June Benefit Payment Dates and Extra Support
The DWP has confirmed benefit payment dates for June, including Universal Credit and State Pension. Additional support via the Crisis and Resilience Fund is also available.
BoE Governor: No Rush to Raise Rates Amid Iran War Uncertainty
Andrew Bailey indicates interest rates will stay at 3.75% due to weak growth and Iran war uncertainty, tolerating above-target inflation temporarily.
Labour MPs Slam Khan Over Overturning 1,700-Home Rejection
City Hall overrules Barnet Council to approve 1,700+ homes, sparking fury from Labour MPs who say the decision ignores local plans and community concerns.
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UK 'Lost Generation' as 1 Million Youth Jobless
A landmark report warns the UK risks a 'lost generation' with over 1 million 16-24 year olds not in education, employment or training. Alan Milburn urges policy reset.
Australia Sues 3M for Record $2 Billion Over PFAS Contamination
The Australian government launches legal action against 3M for allegedly withholding information about PFAS chemicals, seeking over $2 billion in damages for contamination at defence bases.
Resident Doctors in England to Stage Four-Day Strike
Resident doctors in England will strike for four days in June, the 16th stoppage in a long-running pay dispute. The BMA blames the new health secretary for the action.
DWP travel warning for PIP claimants in July and August
The DWP warns PIP recipients to report trips abroad over 4 weeks or risk losing benefits. Contact the enquiry line before traveling.
Pension System Unfair and Unaffordable: Readers Respond
Guardian readers debate the unfairness and unaffordability of the UK pension system, highlighting public sector DB schemes and the triple lock.
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UK Petrol Prices Hit Record High Amid Iran Tensions
Petrol prices in the UK have soared to a record high since the Iran War began, with unleaded averaging 159.43p per litre. The RAC warns prices may rise further as US strikes threaten a fragile truce.
Japan PM's Tax Cut Plan Hits Cash Register Hurdle
Japan's PM Sanae Takaichi pledged to suspend the 8% food sales tax, but retailers say cash registers can't handle a zero percent rate, causing delays.
UK May Heatwave: Tropical Nights and Record Temperatures
Parts of England expected to hit 35°C on Monday, breaking May records. Two 'tropical nights' forecast as UK faces 'super El Niño' summer.
Sweden PM Pledges More IVF Amid Record Low Birthrate
Sweden's fertility rate has fallen to 1.42, the lowest since 1749. Prime Minister Ulf Kristersson promises expanded IVF funding to boost birthrates ahead of elections.
UK Energy Bills to Rise by £209, Ministers Urged to Act
Households in Great Britain face energy bill 'anxiety' as typical costs forecast to rise by £209 to nearly £1,900 this summer. Ministers urged to cut utility bills.
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Albanese Advances Labor Budget Tax Reform
Prime Minister Albanese forges ahead with Labor's budget tax reform, including changes to CGT, negative gearing, and business taxes, aiming to boost economic fairness.
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