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SHOCKING: 2 | Mind Blowing Facts

Andy Burnham income tax row: What exactly has PM said on rise in £12,570 personal allowance?

New Prime Minister caught in first fiscal controversy after suggesting threshold for paying income tax may go up

Evening Standard

What does Burnham’s VAT cut mean for your energy bills?

First major move by new PM aimed at giving families ‘breathing space’

The Independent UK

LPG subsidy bill may top Rs 1 lakh crore in FY27, create Rs 70,000 cr gap over Budget allocation

India's LPG subsidy bill may surpass Rs 1 lakh crore in fiscal year 2027. This projection indicates a significant shortfall against the budget's Rs 30,000 crore allocation. Overall subsidy spending has already seen a forty-seven percent year-on-year increase during early fiscal year twenty twenty-seven. Government finances face additional pressure from…

The Economic Times

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Budget resolution faces dicey House vote after committee approval

The House Budget Committee approved a fiscal 2027 budget resolution Thursday as the first step toward passing a filibuster-proof reconciliation bill to provide tens of billions of dollars for defense, farm aid and voting restrictions. The panel advanced the GOP-backed budget resolution on a strictly party-line vote of 20-14 after…

Roll Call

Trump loses his ‘Senate whisperer’ after Graham’s sudden death

Donald Trump has lost a go-to ally in the Senate after the death of Lindsey Graham, with senior White House aides and other Republicans — and even some Democrats — saying the late senator had become a crucial part of the president’s legislative efforts. The 71-year-old Budget Committee chairman and…

Roll Call

This week: Graham’s death, McConnell’s recovery add to drama

Independence Day recess ended Sunday with two explosive developments within the Senate GOP: the death of Budget Chairman Lindsey Graham, R-S.C., who died Saturday night, and a much-awaited health update from former Majority Leader Mitch McConnell of Kentucky. The latter issued a statement Sunday evening confirming that, contrary to rumors…

Roll Call

Govt has done its part on GCCs via Budget, now industry must invest in skilling and innovation to counter AI risks: CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget announcements. Artificial intelligence poses risks to business models focused solely on low-cost execution. The government encourages GCC expansion beyond major metropolitan cities. Firms and people must…

The Economic Times

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Andy Burnham did not have ‘all the details’ of £4.7 billion defence black hole

Sir Keir Starmer unveiled the Dip on Tuesday, with a promise to increase defence spending by £15 billion.

Evening Standard

Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27

The government is accelerating its disinvestment and asset monetisation drive, achieving 31% of its full-year target in just the first quarter. This rapid pace, with weekly offers for sale, aims to bolster revenues amidst rising subsidy and import costs. Significant funds have already been raised from entities like Coal India…

The Economic Times

Voices: Sir Keir has left a fiscal mess for Andy Burnham to clean up

THE INDEPENDENT VIEW : Editorial: A £4.7bn shortfall in the Defence Investment Plan is some legacy for the PM to leave his successor to fund, especially after complaining so bitterly about the ‘black hole’ left by his own predecessors

The Independent UK

Badenoch torpedoes Starmer at PMQs: 'Generals can count, the Kremlin can count, his defence plan doesn't add up'

Sketch: Deserted by Labour troops, the Prime Minister was like a tank with depleted armour and wonky tracks as he came under fire from Mrs Badenoch

Evening Standard

How RBI’s 2026 TReDS directions advance the MSME financing reform

With the Budget setting the policy direction and the RBI directions providing the regulatory foundation, TReDS is well positioned to move from a platform that has demonstrated value to one that can deliver MSME liquidity at scale.

The Economic Times

Kerala liquor policy to be decided after talks with coalition parties, says Kerala Revenue Minister A P Anil Kumar

Kerala Revenue Minister A P Anil Kumar stated that any policy on tax cuts for low-alcohol beverages will be decided after internal UDF discussions and consultation with Congress leadership. This follows a budget proposal to reduce taxes on such drinks, drawing criticism for potentially encouraging consumption. Chief Minister V D…

The Economic Times

West Bengal Budget 2026: Govt allocates Rs 36,000 crore for Annapurna Yojna; hikes DA by 20%

West Bengal's new BJP government unveiled its first budget, prioritizing welfare and employment. Finance Minister Swapan Dasgupta announced a significant Rs 36,000 crore for the Annapurna Yojna, assuring continuity of existing social schemes. Key highlights include increased MLA funds, pensions for retired journalists, and a pledge to fill one lakh…

The Economic Times

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The Economic Times

Kerala CM VD Satheesan presents maiden UDF budget for 2026-27

Kerala's Chief Minister VD Satheesan presented the state's first budget for the financial year 2026-27. The government inherited a significant financial crisis. Public debt stands at Rs 5.07 lakh crore. A large portion of revenue goes to salaries and pensions. Development spending is low. The state faced treasury stress for…

The Conversation

As global fuel risk rises, NZ Budget 2026 puts roads first – again

Three months into the war in Iran, the largest disruption to New Zealand’s oil supply in living memory appears to have done nothing to change the government’s approach to transport.

The Guardian - UK

UK bond yields set for biggest weekly drop since 2024; retail sales fall as drivers cut back on fuel - as it happened

Rolling coverage of the latest economic and financial news

Pedestrian.tv

The Women’s Budget Statement Was Full Of Promises We’d Heard Before

Experts say the 2026/27 Federal Budget includes some wins for women, but much of the Women’s Budget Statement relies on existing policies.

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Evening Standard

How Keir Starmer plunged in 674 days from 2024 election triumph to fighting for his political life

A timeline of the Prime Minister’s spectacular downfall after his landslide general election victory handed him the keys to No10

Pedestrian.tv

Will The 26/27 Budget Increase Your Rent? Finance Experts Break Down The Changes

The 26/27 budget shakes up negative gearing and capital gains tax. We asked experts what it actually means for renters.

Pedestrian.tv

How Does The 26/27 Federal Budget Affect Efforts Against Climate Change?

The 2026–27 Federal Budget pledges new funding for household clean energy. Here’s how it helps — and harms — Australia’s climate efforts.

The Conversation

NZ’s costly fees-free scheme did little to widen access to tertiary education – new study

The government’s decision to scrap the one-year fees-free tertiary scheme in this month’s Budget will be contentious. Some will see it as a sensible saving, others as another blow to students facing high living costs.

Pedestrian.tv

What To Expect From Tomorrow’s 26/27 Australian Federal Budget

The Albanese government hands down the 2026 federal budget tomorrow night. Here’s a simple guide to the key changes amidst the jargon.

The Guardian - AU

Australia and Japan commit to ‘support the flow’ of energy – as it happened

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How long should a mattress last?

Whether you're looking to buy a new bed or wondering if you should replace your current one, here's how long your mattress should last according to its design and price.

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