12 h. ago How to get high income from the rocketing cost of government debt

Turmoil in the bond markets led to the yield on 30-year gilts - long-term UK debt - hitting 5.75 per cent.

Politics

25 h. ago How to make a tax free profit from rocketing cost of government debt

Turmoil in the bond markets led to the yield on 30-year gilts - long-term UK debt - hitting 5.75 per cent.

Economics

4 d. ago Budget compromise needed if PM ousted, says French finance minister

Éric Lombard says he hopes François Bayrou will survive vote and dismisses talk of looming debt crisisThe French finance minister, Éric Lombard, has said the government would have to compromise on plans to cut the budget deficit if the prime minister, François Bayrou, is toppled in a confidence vote next week.Lombard told the Financial Times that fresh negotiations would require the government to make concessions to the left to reduce the size of the fiscal package if the government falls. Continue reading...

Politics

4 d. ago FTSE 100 Live 03 September: Bond market pressure continues, date set for autumn Budget

Financial markets are on edge after yesterday’s global bonds sell-off pushed the UK’s 30-year gilt yield to its highest level since May 1998.

Economics

4 d. ago FTSE 100 Live 03 September: Bond market pressure continues, Rolex retailer reassures on tariffs

Financial markets are on edge after yesterday’s global bonds sell-off pushed the UK’s 30-year gilt yield to its highest level since May 1998.

Economics

4 d. ago FTSE 100 Live 03 September: Index higher after bond market sell

Financial markets are on edge after yesterday’s global bonds sell-off pushed the UK’s 30-year gilt yield to its highest level since May 1998.

Politics

5 d. ago Pressure rises on Reeves as government borrowing costs hit 27

Chancellor will face more limited fiscal headroom at budget after yield on 30-year bond increases to 5.68%Business live – latest updatesReshuffle gymnastics prepare Starmer to walk tricky budget tightropeBritain’s long-term borrowing costs have hit their highest level in 27 years, intensifying the pressure on the chancellor, Rachel Reeves, before the autumn budget.The yield, or interest rate, on 30-year UK government debt hit 5.714% on Tuesday. That is its highest level since 1998, indicating that it will cost the UK more to borrow from the markets, above the previous 27-year high of 5.649% set in April. Continue reading...

Events

5 d. ago France has a massive debt crisis. So why is it spending billions a year subsidising business? | Alexander Hurst

The government is on the brink of collapse over planned austerity. Instead it must face up to the costs of its unnecessarily rigid labour marketAs someone who has always been against austerity, I find France, with a national debt at 114% of GDP and a budget deficit of 5.8% of GDP, a conundrum. Despite years of denunciation from his left and far-right opponents that Macron has engaged in “ultraneoliberalism”, there hasn’t been any. Not on a macro level, anyway, where both French government spending (57.3% of GDP) and tax receipts (51.4% of GDP) are among the highest in the world, including social spending, which outpaces any of its European neighbours.At the same time, it’s impossible to have spent the past decade in France without encountering the widely shared perception and accusation that public services are in decline. Doctors and nurses denounce a labour shortage in public hospitals; people who live in rural areas denounce the closing of rural train lines; students and academic...

Economics

1 week ago First time buyer, 24, is left with £50,000 debt after buying dream 'empty home' under government scheme that promised to fund it

Abigail, who purchased a property in Pembrokeshire in June 2024, claimed the Welsh Government's Empty Home Grant is a 'scam' - saying she was ignored for months and left financially stranded

Economics

1 week ago France faces 'catastrophic' £2.85TRILLION 'debt explosion' meltdown as minister warns country is heading for IMF bailout with Emmanuel Macron's government on the verge of collapse

Eric Lombard, the Economy Minister, issued a stark warning that 'a risk exists' that the IMF will be forced to bail out Paris.

Politics

1 week ago A third of UK nightclubs forced to close as Brits face dance floor 'deserts'

The cost of living crisis and rocketing bills for venue owners have seen hundreds of nightclubs shut for good in recent years across the UK including some big names

Politics

2 w. ago OnlyFans owner paid $701m in dividends as platform readies for potential sale

Streaming platform known for subscription-based adult content reports $1.4bn revenue and rising usageThe owner of OnlyFans was paid $701m (£523m) in dividends last year as the streaming platform best known for offering adult content readies for a potential multibillion-dollar sale.The UK-based company, which offers a range of subscription-based content from sex workers and celebrities, reported revenue of $1.4bn in its 2024 financial year, up 9% compared with the year before, accounts filed at Companies House on Friday show. Pre-tax profit rose 4% to $683.6m. Continue reading...

Events

2 w. ago Investors warn of ‘new era of fiscal dominance’ in global markets

Combination of record government debt and rising borrowing costs puts central banks under pressure

Events

3 w. ago Shoe Zone blames Budget tax hikes as chain halves profit forecast

Shoe Zone bosses said they saw weaker ‘discretionary spending’ and decreased footfall in stores.

Economics

3 w. ago Thames Water could be sold to the Chinese after the Labour government puts it into temporary public ownership to 'wipe' much of its £16.8billion debt

Steve Reed, the environment secretary is understood to be making 'active preparations' to essentially nationalise Britain's largest water utility.

Economics

3 w. ago US national debt reaches a record $37 trillion, the Treasury Department reports

The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record

Economics

last month Paddy Power's owner predicts 40% profit surge amid calls for gambling tax hike

Calls are growing for Labour to target the "massively under-taxed" betting sector as Paddy Power, one of the industry's biggest players, revealed bumper results

Economics