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The Latest Breaking News from Finance

Labor decision to lift ban on PwC ‘an insult’ to inquiry that investigated Treasury scandal, Pocock says

Finance department rejects last minute plea from three senators urging it to maintain block on consultancy firm competing for new government work

The Guardian - AU

Lithuania's government formally resigns after PM Gintautas Paluckas stepped down

Finance Minister Rimantas Šadžius was appointed as acting prime minister by Lithuania's President Gitanas Nauseda after Paluckas' formal resignation on Monday.

Euronews

Shona Robison makes independence call after 'week of Westminster failure'

A WEEK of evidence has proven independence would deliver the best deal for Scotland, according to Finance Secretary Shona Robison.

The National (Scotland)

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Ministers trying to drum up interest in Alexander Dennis orders, says Robison

The bus manufacturer has announced plans to potentially shutter its Scottish operations.

Evening Standard

UK and Scottish governments must save Alexander Dennis, MSPs say

IMMEDIATE action must be taken to ensure bus manufacturing does not end in Scotland, the UK and Scottish governments have been told by MSPs.

The National (Scotland)

Scottish and UK Governments must act to save Alexander Dennis, say MSPs

Holyrood’s Economy and Fair Work Committee said immediate action must be taken to stop the end of bus manufacturing in Scotland.

Evening Standard

Unison members accept two-year council pay deal

Finance Secretary Shona Robison urged other unions to accept the deal.

Evening Standard

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Ireland, Lithuania and Spain: Who will lead the Eurogroup next?

On Monday 7 July, finance ministers from the euro area are expected to elect their new president. Who is running for the position, and what proposals are they putting forward?

Euronews

Germany to raise defense spending to 3.5% of GDP in 2029

Germany’s finance minister has vowed to lift the country’s defense spending to 3.5% of gross domestic product in 2029

The Independent UK

German Budget Plans Outline Vast Spending - And Record Debt

Germany's government pledged Tuesday to make massive new investments by taking on record debt as it presented its budget plans with the aim of reviving the economy and building up the military.

International Business Times

How to Use ChatGPT for Translation?

Learn how to use ChatGPT as a translator. This post gives you the prompt that can get you the best translation for text in any language. We've also explained how to use it in Google Gemini and Microsoft Copilot.

Geekflare

Pay cap of 500,000 euro at AIB and PTSB removed, Finance Minister says

Paschal Donohoe said it would be inappropriate to impose salary caps at a bank the Government did not hold a share in.

Evening Standard

Additional funding will avoid public services cliff-edge, says O’Dowd

Chief Secretary to the Treasury Darren Jones said the Northern Ireland Executive will receive the largest real-term settlement since 1998.

Evening Standard

Murray asks who Scots voters ‘trust to spend’ £9.1bn rise in funding

The Scottish Secretary was speaking after Chancellor Rachel Reeves laid out her spending plans for the next three years.

Evening Standard

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The National (Scotland)

Scottish Government 'short-changed by £1bn' by Rachel Reeves, Finance Secretary says

Rachel Reeves’s Spending Review has “short-changed Scotland by more than a billion pounds”, the SNP Government has claimed

The Conversation

Albanese announces first woman Treasury secretary and a ‘roundtable’ on boosting productivity

Treasury head Steven Kennedy will become Anthony Albanese’s right-hand bureaucrat, while Treasury will get its first female secretary, with the appointment of Jenny Wilkinson, who currently heads the Finance Department.

Evening Standard

Lack of recent meetings with Treasury an ‘issue of concern’, says Swinney

Chancellor Rachel Reeves will lay out her spending plans on Wednesday.

Roll Call

Ex-GOP lawmaker's IRS nomination advances in Senate - Roll Call

Democrats cited Billy Long's ties to firms hawking phony tax credits, but Republicans backed him on a party-line committee vote.

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The National (Scotland)

Scottish Government 'will need to find extra £2bn to foot welfare bill', experts say

ECONOMICS experts have warned of a “really challenging period” for the Scottish Government as the bill for social security spending is…

International Business Times

Israel Announces Creation Of 22 Settlements In West Bank

Israel announced on Thursday the creation of 22 new settlements in the occupied West Bank, risking further strain on relations with the international community already taxed by the war in Gaza.

The Independent UK

Jump in unauthorised fraud cases last year – UK Finance

Criminals are using social engineering to trick people into divulging one-time passcodes, UK Finance said.

AAP

New Zealand takes scalpel to foreign aid budget

New Zealand foreign aid will fall to 0.24 per cent of gross national income, with particular cuts in climate finance in the government's latest budget.

International Business Times

G7 Finance Chiefs Push For Consensus Despite Trump Tariffs

G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the final hours.

The Conversation

NZ Budget 2025 at a glance: follow the money here

Finance Minister Nicola Willis delivered a pragmatic budget today, balancing fiscal discipline and the promise of economic growth.

The Independent UK

Budget 25/26 will make a real difference to people’s lives, O’Dowd says

MLAs in the Northern Ireland Assembly backed the 2025-26 Budget following a lengthy debate on Monday.

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