59 results for "debt"

UK banking officials and pension fund managers have expressed concern about the potential market failure of long-term government Bond auctions, which could plunge the country into financial turmoil similar to...

According to data from the Student Loans Company obtained by the BBC, the highest student debt has now surpassed £230,000. Student Loan Debt in the UK Reaches New Heights According...

According to a campaign group, more than 6.7 million people in the UK are in financial difficulty as the cost of living pushes more families into debt. Rising Insolvency Rates...

The resolution to Britain's growing public debt crisis demands a comprehensive fiscal overhaul. Despite this urgency, both the current Tory government and the anticipated Labour successor exhibit a notable reluctance...

SEC Chair Gary Gensler who previously supervised federal debt market management at the U.S. treasury, has advocated a move that requires almost all the treasury trading to move to a...

As of 2022, the United States grapples with a staggering student loan debt exceeding 1.76 trillion U.S. dollars, a figure swiftly approaching the 2 trillion mark. This debt, accrued by...

The U.S. national debt has reached new heights as it hits a record-breaking $34 trillion. Experts in economy have become increasingly concerned about the debt crisis in the United States...

The Department for Work and Pensions (DWP) has recently announced two major changes are to be made to Universal Credit, which could have an impact on the financial situation of...

UK energy company British Gas has announced an "innovative" new scheme under which it will match payments made by customers to clear energy bill arrears. This scheme aims to help...

The next government will be required to hit voters with post-election tax increases and delay net-zero investment unless it is willing to scrap Treasury guidelines for managing public finances, according...

The Bank of England is likely to hold interest rates at 5.25% for the sixth time in a row on Thursday. The move comes as inflation, which tracks price increases...

Energy companies are currently sitting on £3 billion of costumers' money, with the average household in credit owing £210. UK Energy Consumers Eligible for Refunds Up to £315 Energy consumers in the UK...

Taxes and high interest rates are set to make the UK economy the slowest growing in the G7 next year, according to forecasts by the Organisation for Economic Co-operation and...

Amid the cost of living crisis, a substantial number of people in the UK may be eligible for a range of financial support schemes and discounts facilitated by the Department...

While the largest student loan debt has skyrocketed to £213,000 and the average outstanding sum in England hit £45,000, students from Scotland enrolled in Scottish universities enjoy exemption from tuition...

More than half of the main energy firms' customers may be eligible to claim refunds on their bills, as it is revealed that millions of individuals are sitting on rising...

The British government will be strengthening the Department for Work and Pensions (DWP) by extending its powers to combat benefit abuse. Akin to the authority held by HM Revenue and...

Thames Water is considering raising bills by up to £627 per year to restore its leaking network after committing to invest up to £3 billion extra over the next five...

According to reliable government sources, Chancellor Jeremy Hunt is currently mulling over further National Insurance reductions. The announcement of tax policy scheduled for September is generating growing impatience about the tax...

Coventry Building Society has reached a preliminary deal to purchase The Co-operative Bank in a transaction valued at £780 million. This monumental acquisition will enable the Co-operative Bank, which is...

Universal Credit beneficiaries have been notified of a likely delay to the increase in their benefits. They could have to wait up to two months before their increased payments are...

Whether it is the food in your fridge or your monthly mortgage payments, inflation has seen costs rise sharply for UK households over the last two years. Just two years...

In the UK, the growth of crypto as a major asset class has led HM Revenue and Customs (HMRC) to establish clear guidelines for the taxation of these digital assets....

The 1,725th EuroMillions draw of the massive £53 Million jackpot took place tonight, Tuesday, 2nd April 2024 at approximately at 21:00 CET (20:00 GMT) and the winning numbers drawn were...

The soaring cost of living has put a lot of people in Britain on the verge of destitution. Fortunately, help is at hand as charities such as Turn2us step up...

The London Stock Exchange has declared the opening of a market for exchange-traded notes (ETNs) for Bitcoin (BTC) and Ethereum (ETH). The main stock exchange in the United Kingdom said...

The Department for Work and Pensions has boosted its household support fund to provide an additional £500 million in the wake of the Budget. Department for Work and Pensions Extends...

U.S. President Joe Biden signed a $1.2 trillion spending package on Saturday, keeping the government covered for a fiscal year that started six months ago. President Joe Biden Approves Trillion-Dollar...

The recent borrowing figures of the UK government have been a surprise to many. The nation's finances seem to be under more strain than anticipated, with a reported borrowing of...

By 2029, the UK is expected to lose £15 billion in fuel tax revenue, a warning from the nation's budget watchdog that underlines the need to raise or replace fuel...

In an effort to allay rumours over when the next general election would be held, Rishi Sunak declared that his "working assumption" was that the vote would happen in the...

The UK's Financial Conduct Authority (FCA) is granting permission to professional investors to start issuing crypto-backed exchange-traded notes (ETNs). The UK Approves Bitcoin and Ethereum ETNs for Professional Investors The...

High earning parents are the biggest beneficiaries of the latest budget adjustments, as the chancellor announced a major restructure of a tax penalty that is set to have an impact...

In Thursday's London session, the pound sterling (GBP) shows resilience versus the US dollar as traders anticipate that the Bank of England (BoE) would follow the Federal Reserve (Fed) in...

Rishi Sunak cautioned against campaigning on an unfunded proposal to eliminate employee national insurance, as it could create a £40 billion deficit in public finances, according to projections.  Sunak Faces...

The Office for Budget Responsibility (OBR) anticipates a notable economic development as inflation is projected to dip below the government's 2% target in the coming months. OBR Forecasts Inflation Dip...

As the eagerly anticipated Budget announcement approaches this Wednesday, Jeremy Hunt has dropped hints suggesting a potential introduction of tax cuts. This strategic move, if implemented, could have significant implications...

Britain's tax burden is set to hit an all-time high regardless of what the Chancellor announces in next week's Budget, according to a new analysis. This is primarily due to...

Employment opportunities have declined significantly, experiencing a notable 15% drop. This downturn comes amidst a backdrop of escalating borrowing costs and a broader economic recession within the UK. Employment Opportunities...

The most influential banks globally are expressing scepticism about the Bank of England's macroeconomic assessment. A concerning proportion believes that the Monetary Policy Committee has misinterpreted global developments and is...

In a promising development for UK households, energy bills are on the brink of reaching their lowest point in two years come April, thanks to a decisive move by Ofgem....

Jeremy Hunt received a pre-budget boost with the latest government borrowing figures revealing that the UK achieved a monthly budget surplus in January, marking a record since modern record-keeping began...

Recent reports highlight that high housing prices and insecure jobs in Britain are causing UK middle class households to grapple with financial struggles in their journey to maintain decent living...

In the face of a looming national recession, Chancellor Rishi Sunak remains resolute in his assertion that the government can afford to implement tax cuts. Despite concerns about economic downturn,...

As the UK nears a historic milestone, welfare costs soar, with the working-age benefits bill set to exceed £100 billion this year. This unprecedented expenditure, linked to a surge in...

In a notable development directly impacting the London stock market, a senior executive at the Nasdaq stock exchange in New York has issued a direct warning to London's financial leaders....

As of today, households are set to receive the third instalment of the £299 cost of living payments, marking the completion of the three-part support package initiated in autumn 2021....

Central banks must ensure they have fully addressed inflation concerns before considering interest rate cuts this year, according to the Organization for Economic Co-operation and Development (OECD). Despite revising its...

If Sir Keir Starmer's party secures victory in the general election, he is poised to introduce groundbreaking legislation. Reports suggest that under the proposed draft Race Equality Act, ethnic minority...

Amidst the backdrop of escalating inflation and interest rates, UK businesses find themselves grappling with the second-highest level of financial distress across Europe. Insights into UK and European Business Sector...