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The Latest Breaking News on Economy

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

The Guardian view on the UK recession: no growth and no ideas either

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again

The Guardian - UK

Rishi Sunak's 'grow the economy' pledge looks pretty silly now

City Comment: This is as much a political recession just as much as an economic one

Evening Standard

From analysis to the latest developments in health,
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OPINION - The Standard View: Recession means Rishi Sunak will have to wait longer to talk of green shoots of recovery

No pandemic, no lockdown, but no economic growth either. Britain has slipped into recession, official figures confirm, as GDP shrank by a worse than expected 0.3 per cent in the three months from October to December, following a 0.1 per cent decline in the previous quarter.

Evening Standard

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

International Business Times

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

The Guardian - UK

'Rishi's recession': Blow to Sunak's key election pledge as Britain slips into negative growth

GDP fell by a worse than expected 0.3% in the last three months of 2023

Evening Standard

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Why India needs deep industrialisation

If economic development and not growth were our priority, manufacturing that takes along the service sector maybe the solution to India’s problems

The Hindu

Bank of England faces growing interest rate dilemma with wage growth still ‘uncomfortably high’

Latest figures from the Office for National Statistics (ONS) showed regular pay went up by an average of 6.2% in the three months to December

Evening Standard

Buoyant UK labour market data belies rise in long-term sickness

The absence of so many potential workers is taking a toll. In a literal sense, this is a sick economy

The Guardian - UK

Britain’s economy is deeply flawed. These are the three pledges Labour must make to fix it

Investing in infrastructure, overhauling rigid planning rules – there is no magic bullet, but these changes would set us on a far better path, says the Guardian’s economics editor, Larry Elliott

The Guardian - UK

UK ended 2023 in recession, economists project, but decision on knife edge before official figures

If the UK did enter a technical recession, it looks set to be the shallowest one in history

Evening Standard

Recession verdict for UK economy will be no laughing matter for Hunt and Sunak

Figures on GDP, wages and inflation this week are set to offer Labour plenty of scope for criticising Tories’ economic competence

The Guardian - UK

All eyes on employment market as more roles open up

An update on the jobs market will dominate the economic agenda this week, with business and consumer health checks also expected.

AAP

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Evening Standard

The UK economy could already be in recession – we’ll find out tomorrow

City braced for verdict on recession as D-day for economic data looms

Top News

Eurozone Wage Growth Expected to Peak in Early 2024

Discover the latest insights on Euro zone wage growth, projected to peak in early 2024 according to the new ECB tracker, with the path ahead remaining unce...

Evening Standard

UK recession is a real risk — but ‘soft landing’ is more likely

City Voices: 2024 is probably going to be a year of recovery with bumps along the way. The question is how big the bumps are

International Business Times

EU States, Parliament Seek To Seal Deal On Spending Rules

EU states and lawmakers will hold final-stretch talks on Friday to try and strike a deal on budget reforms aimed at boosting investment while keeping spending under control.

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The Hindu

Road map for fiscal consolidation

The Interim Budget for 2024-25 maintains tax rates and emphasizes increasing capital expenditures and fiscal correction.

AAP

Demand for Vic budget to plug health funding holes

The Victorian government must address soaring WorkCover premiums and wage rises outpacing indexation so public healthcare doesn't worsen, a peak body says.

Dynamite News

Lok Sabha to discuss Interim Budget; FM Sitharaman to move The Finance Bill 2024

Union Finance Minister Nirmala Sitharaman is scheduled to move The Finance Bill, 2024 for its consideration and passage in the Lok Sabha on Tuesday. Read further on Dynamite News:

The Guardian - UK

Central banks must beat inflation before cutting interest rates, says OECD

Organisation revises global outlook but warns it may be too soon to know if price pressures are contained

Al Jazeera

Analysis: India’s 2024 interim budget shows a changing economy

Move from agriculture to manufacturing, an increase in demand for Food for Work programme show changes in economy.

AAP

Labour market holding up as job ad levels stabilise

Job ads have climbed in a sign of resilience for the labour market, with separate figures pointing to easing price pressures for struggling households.

International Business Times

German MPs Approve Controversial 2024 Budget

Germany's parliament on Friday approved a revised 2024 budget that will reinstate strict debt limits after a shock legal ruling forced Chancellor Olaf Scholz to redraw his spending plans.

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