Extra financial grants to help with cost of living
People struggling with the cost of living can apply for a £425 grant, East Riding of Yorkshire Council has said. Those on low incomes and in financial crisis are eligible…
Global growth forecast slashed by IMF over tariff impact
The forecast for US economic growth for this year has been given the biggest downgrade among advanced economies by the International Monetary Fund (IMF) due to uncertainty caused by trade…
Cyber attack on M&S leads to click and collect delays
Marks and Spencer (M&S) says it has been dealing with a “cyber incident” affecting some of its services over the last few days. The UK retailer said its Click and…
Free breakfast club trial ‘will make life easier’
Parents and teachers at a Sheffield primary school have welcomed the beginning of a scheme offering government-funded breakfast clubs. High Green Primary School is one of 750 schools in England…
Three more UK interest rate cuts this year, predicts IMF
The Bank of England could cut interest rates three more times this year despite the UK grappling with higher-than-expected inflation, the International Monetary Fund (IMF) has said. The organisation predicted…
Why should I care if the US dollar falls?
The US dollar has seen big declines in recent months. Currencies rise and fall all the time but the recent drop in the dollar has been particularly dramatic. So why…
The record-breaking tunnel being built from Denmark to Germany
A record-breaking tunnel is being built under the Baltic Sea between Denmark and Germany, which will slash travel times and improve Scandinavia’s links with the rest of Europe. Running for…
Trump hints at softening China tariffs and says no plan to sack Fed boss
US President Donald Trump has appeared to soften his recent comments on China and the head of the US Federal Reserve after recent clashes as he pursues his economic agenda.…
Musk to reduce Doge role after Tesla profits plunge
Tesla boss Elon Musk has pledged to “significantly” cut back his role in the US government after the electric car firm reported a huge drop in profit and sales for…
How does the government borrow money?
Governments borrow to fund “day-to-day” spending, as well as long-term infrastructure projects like the Elizabeth Line The UK government generally spends more than it raises in tax. To fill this…