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The Latest Breaking News on Economy

Super concessions take biggest bite from the budget

Cost-of-living relief measures are off the table in the mid-year budget update, as a tax expenditure list shows the type of deductions that cost the most.

AAP

UK businesses cutting staff at fastest rate since 2021 after budget

Companies responding to national insurance rise by reducing hiring, survey finds

The Guardian - UK

Borrowing blowout tipped in mid-year budget update

The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.

AAP

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UK business confidence at lowest level since pandemic after tax-raising budget

Institute of Directors says hit to private sector will undermine growth and public finances

The Guardian - UK

Saudi 2025 Budget Sees Lower Deficit On Spending Trims

Saudi Arabia on Tuesday approved a budget for 2025 that projected a smaller deficit than last year despite continued heavy spending on reforms to transition the economy away from oil.

International Business Times

ONS may have ‘lost’ a million workers from job figures since pandemic

Resolution Foundation says figures are ‘overly pessimistic’ as people in work are less likely to answer survey

The Guardian - UK

Dutton’s position on international student caps ‘utterly reckless’, Giles says – as it happened

This blog is now closed

The Guardian - AU

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ACTU urges private sector 'wake-up call' on gender gap

While the gender pay gap is at a record low, the head of the ACTU says private sector companies need to do more to reduce the disparity in their workplaces.

AAP

UK Growth Slows In Third Quarter, Dealing Blow To Labor Government

Gross domestic product (GDP) grew by 0.1% in the July-September period, a slowdown compared to 0.5% growth in the second quarter, the Office for National Statistics said.

Latin Times

UK Growth Slows In Third Quarter, Dealing Blow To Labour Government

Britain's economy grew less than expected in the third quarter, official data showed on Friday, dealing a blow to the Labour government that has set its sights on growth expansion.

International Business Times

Taxes to rise higher AGAIN in next few years and wage increases hit, warn IFS economists after Reeves Budget

The Institute for Fiscal Studies also stressed that much of the National Insurance rise on employers would feed through into smaller pay rises for workers

Evening Standard

Rachel Reeves didn’t scare the markets. But nor did she impress with a growth plan

Businesses adopt a wait-and-see response as it becomes clear the autumn budget is part of a long-term missionBusinesses react to

The Guardian - UK

Health service workers get pay bump, better conditions

Workers across NSW health services have come to a wage agreement with the state government as nurses and midwives continue to negotiate for better pay.

AAP

Budget 2024: Chancellor Rachel Reeves to go on '£20 billion' investment spree in UK through higher borrowing

A string of tax rises are also expected to be announced in the Budget many of which will hit London hard

Evening Standard

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Radio France Internationale

France braces for economic judgment amid political turmoil and record debt

France's financial future is under close scrutiny this month as two of the world's top credit rating agencies assess the country's ability to manage its mounting debt. Meanwhile, a hung parliament, fierce budget debates and a record-high deficit have brought the economy to the edge of crisis.

International Business Times

UK Economy Rebounds In August In Boost To New Govt

Britain's economy bounced back in August, official data showed Friday, boosting the new Labour government ahead of its maiden budget later in October.

The Independent UK

Flexible working and paternity leave: What you need to know about the Government’s new Employment Rights Bill

There are 28 separate changes in the Employment Rights Bill

The Guardian - UK

The Guardian view on inequality in the UK: what kids can teach us

Editorial: To get a sense of how unfair Britain is, consider the prospects for its children

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StockNews.com

October Stock Market: More Trick Than Treat?

The S&P 500 (SPY) has been in the plus column for 5 straight months. Investment pro Steve Reitmeister shares why that party ends in October and how to prepare for resumption of the bull market in November and beyond. Read below for full story.

International Business Times

US Private Sector Adds More Jobs Than Expected In September: ADP

US private sector hiring picked up in September, with employers adding more jobs than anticipated, according to data released Wednesday by payroll firm ADP.

The Independent UK

New figures show UK economic growth weaker than first thought

The UK economy continued its recovery from recession at the end of last year

The Conversation

Final budget outcome shows 2023-24 surplus of $15.8 billion

The budget surplus for last financial year has come in at $15.8 billion, well exceeding the $9.3 billion that was forecast in the May budget.

Evening Standard

Key business survey for September points to slowing growth ahead of the Budget

The PMI reading of 52.9 is down from 53.8 in August and below City expectations of 53.5

Evening Standard

Rachel Reeves tells civil servants to get back in the office in London to boost Britain's productivity

Civil servants should get back in the office in Whitehall and other parts of Britain to boost the economy, says Rachel Reeves.

Evening Standard

OPINION - The Standard View: Rachel Reeves must focus on growth, not just doom

Round numbers should be no more interesting or enlightening than any other. But the revelation that Britain’s debt has hit 100 per cent of GDP is unlikely to lift the sense of gloom that has already settled above Whitehall.

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