Forgive me, this is embarrassing. All the noise, we just need to turn off. Listen to this, this is it. We're all just sitting there, screaming and yelling at each other, everybody's getting at each other's throats, trying to tear everybody down, and how are we going to get out of this? This is it.
In the coming weeks, the Department will issue clear guidance on next steps for borrowers enrolled in the illegal SAVE Plan, including details regarding how borrowers can move into a legal repayment plan. The Trump Administration will continue to realign the federal student loan portfolio to better serve students and taxpayers.
The government is to roll out a new £1bn-a-year support scheme designed to give people on low incomes direct access to emergency cash when they face sudden financial shocks. The Crisis and Resilience Fund, which launches in April, will run for an initial three years and replace the temporary Household Support Fund that has been extended repeatedly since its introduction during the pandemic in 2021.
As tensions simmer between the European Union and the U.S. over the Trump administration's trade policies and its play for Greenland, we've been hearing about the EU's economic "bazooka." What is it? AILSA CHANG, HOST: Things are quite tense right now between the U.S. and the European Union. Sources of that tension include the Trump administration's trade policies and its play for Greenland, which, in turn, has led to talk about the EU's anticoercion mechanism, also known as its economic bazooka.
In a statement issued today, Revenue said the exceptional conditions caused by the storm have disrupted normal activity for many individuals and firms which may affect their ability to meet tax deadlines on time. The tax authority said it is aware of the difficulties caused and understands that some taxpayers may face temporary cash-flow pressures as a result of storm damage and business interruption.
"While it encouraging to see insolvency rates decrease, we know that big name brands are struggling and the outlook for 2026 is far from rosy. Retailers and hospitality businesses who had hoped for more support from the Autumn Budget are now facing increased uncertainty. It seems as though the New Year may already see another Government U-turn, this time backing down on plans to scrap business rates relief for pubs that has been in force since the pandemic."