The latest finance news including topics such as the development of digital banking and the future of Fintech, and stories from the World Bank and World Trade Organisations (WTO) stories.
From 30 April 2025, a significant change to Universal Credit will ensure that more than a million low-income households across the UK receive a financial boost, thanks to new rules reducing the amount that can be deducted from their benefits to repay debts.
The cost of raising a child up to the age of 21 has increased by 37% in over a decade, at an estimated £230,000 – the price of an average semi-detached house.
The Joint Economic Forecast finds that €220 billion of German economic output would be at risk over 2022 and 2023, if the country cuts ties with Russian gas supplies.
Borrowers from minority groups were charged 8% higher interest rates from mortgage lenders and were rejected for loans 14% more often than those from privileged groups.
Millions of lives around the world could be improved by tackling global tax abuse – including greater access to basic sanitation and more children in schools.
Inflation, tax, energy, gas, food, and travel costs are all expected to rise in 2022 – hitting lower income households the hardest across, with UK inflation at 7%.
While higher minimum wage has been connected to improved quality of life, US data finds that fewer people tend to default on their rent payments - making landlords raise rent prices.
Carbon tax on diesel increased in rural areas, highlighting that rural households often disproportionately share carbon tax prices when urban areas pollute more.
