Reeves' Children's Meal VAT Cut Called a 'Soundbite'
Restaurateurs criticize Rachel Reeves' temporary VAT cut on children's meals as a political 'soundbite' that will have little impact on families or businesses.
Category : Budget Finance
UK Borrowing Surges in April on Inflation and Debt Costs
UK public borrowing hit £24.3bn in April 2026, exceeding forecasts due to high inflation increasing benefits and debt interest payments, amid bond market jitters.
UK Borrowing Surges in April as Inflation and Bond Yields Rise
UK public borrowing hit £24.3bn in April, exceeding forecasts by £3.4bn, driven by high inflation and rising debt costs. Retail sales fell 1.3% as fuel purchases plunged.
Heat Wave Warning: 9 Common Medications at Risk
With temperatures soaring above 30°C in London, certain medications like paracetamol, insulin, and EpiPens may become less effective due to heat damage. Learn which drugs are vulnerable and how to store them safely.
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Great British Summer Savings: Full List of Discounts and Freebies
The UK government launches the Great British Summer Savings scheme with VAT cuts, free bus travel for kids, and supermarket price freezes to help families amid rising costs.
Minnesota Healthcare Fraud: $250M Scheme
A massive healthcare fraud in Minnesota involving over $250 million in false claims has been uncovered, leading to multiple arrests and charges.
Alton Towers VAT Cut for Families by 2026
Alton Towers announces a VAT reduction on family tickets from 2026, aiming to make days out more affordable for families across the UK.
Reeves Cuts VAT on Summer Days Out to 5%
Chancellor Rachel Reeves announced a temporary VAT cut to 5% on summer attractions, free bus rides for under-16s, and a fuel duty freeze to ease cost of living pressures.
Rachel Reeves' Summer Savings: 4 Key Measures
Chancellor Rachel Reeves announces a targeted cost-of-living package including VAT cuts on attractions and kids' meals, free bus travel for children, food tariff cuts, and funding via energy company taxes.
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Starmer Scraps Fuel Duty Rise, Extends 5p Cut
Keir Starmer announces extension of fuel duty freeze and 5p cut, saving average driver £120 over two years, as response to cost-of-living pressures.
UK Inflation Slows to 2.8% in April
UK inflation fell to 2.8% in April, below forecasts, due to lower energy price caps. However, economists warn the drop is temporary as Iran war drives up fuel costs.
Coalition Budget Reply: Wilson Targets Labor Plan
Tim Wilson delivers Coalition's budget reply at National Press Club, criticizing Labor's economic management and outlining alternative policies.
NS&I to Contact Families Owed £367m in Savings Scandal
NS&I will contact thousands of families next week after a scandal where £367m was mistakenly withheld from deceased customers' estates. Payments to start soon.
New Platform to Report Anti-Hindu Hate Crimes Launched in London
A new online platform, the Anti-Hindu Hate Monitor, has been launched in London to record anti-Hindu hate incidents, addressing a rise in faith-based hate crimes.
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Australia Budget: Albanese AI Memes, Pocock Warning
Reactions to Australia's federal budget include Albanese AI meme controversy and David Pocock's warning on spending priorities.
Who Is Afraid of Tax Reforms in the Budget?
The budget's tax reforms spark debate: who truly fears them? An analysis of the political and economic implications for the UK.
Health Minister Defends Private Health Rebate Cuts for Over-65s
Health minister Mark Butler pushes ahead with removing higher private health insurance rebates for Australians aged 65+, despite backlash. Expert says policy will have almost no impact on public hospitals.
Martin Lewis: Check Universal Credit for £1,500 Off
Martin Lewis urges Universal Credit claimants to check for council tax support worth up to £1,500, warning millions miss out due to separate application systems.
IMF Urges UK to Stay Course on Borrowing Cuts
The IMF praises Rachel Reeves for deficit reduction but warns of domestic uncertainty as bond markets fret over a potential Labour leadership challenge to Keir Starmer.
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Reeves to Cancel Fuel Duty Rise for Cost of Living
Chancellor Rachel Reeves plans to cancel a planned fuel duty rise to help with the cost of living, extending a 5p cut at a cost of £2.4bn a year.
Bond Market Rout Deepens on Iran War Inflation Fears
Global bond sell-off intensifies amid rising inflation fears from the Iran war, with Japanese 30-year yields hitting 4% and US 10-year yields at 4.631%.
Crime a Serious Barrier to UK Growth, Business Leaders Say
A BCC survey reveals two-fifths of UK firms faced crime in the past year, with rising shoplifting, fraud, and cyber-attacks threatening economic growth.
Gilt Market Looms Over Labour Leadership Contest
The gilt market is poised to react to any Labour leadership contest, but analysts say energy prices and Iran conflict are bigger drivers of yield surges than political uncertainty.
British Gas to Pay £112m Over Prepayment Meter Scandal
British Gas customers will receive up to £112m in compensation and debt write-offs after Ofgem found the supplier forced prepayment meters on vulnerable households.
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FTSE 100 on Alert as Burnham Parliament Bid Stirs Bond Market
Andy Burnham's move to return to Parliament sparks market jitters, with gilt yields spiking. Rachel Reeves defends economic plan amid leadership turmoil.
Senate Confirms Kevin Warsh as Fed Chair
The US Senate confirmed Kevin Warsh as Federal Reserve chair in a 54-45 vote, replacing Jerome Powell amid rising inflation and pressure from Trump to lower rates.
Budget 2026: Tax Reforms Target Fairness for Wage Earners
Australia's 2026 budget introduces tax reforms to address wage stagnation and inequality, with measures like the Working Australia Tax Offset and changes to capital gains tax and negative gearing.
Japan's Care System Lessons for Europe's Ageing Crisis
A three-year global search for solutions to Europe's big problems reveals Japan and Taiwan's innovative care systems, from multigenerational living to low-tech community hubs.
City Warns of Bond Market Turmoil Over Labour Leadership
Investors warn that a Labour leadership contest ignoring public finances could trigger a bond market meltdown, echoing the Liz Truss crisis.
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Australia's 2026 Budget: A Degustation Leaves Voters Unsatisfied
Labor's budget offers a wide range of initiatives but fails to fully satisfy voters. Housing reforms address intergenerational inequality but may not yield quick results.
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