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The Latest Breaking News on Economy

Weak June Jobs Report Quiets the Rate-Hike Conversation

The June jobs report came in well below economists' estimates, but the unemployment rate ticked lower.

Kiplinger

Andy Burnham to move tens of thousands of jobs out of London in 'biggest devolution of power'

The Prime Minister-in-waiting is aiming to replace a ‘centralised, top-down model’ with locally-driven economic growth

Evening Standard

New procurement policy note targets billions of contract amendments

Finance policy note forces senior executives to sign off on blowouts.

The Canberra Times

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Scottish economy performs stronger than expected despite global challenges

THE Scottish economy has continued to demonstrate resilience despite a “challenging and uncertain” global environment, a report has found

The National (Scotland)

Cabinet approves budget for fiscal 2027

The cabinet on Tuesday approved the proposed 2027 fiscal budget along with a budget transfer bill, with Prime Minister Anutin Charnvirakul instructing all ministers to be ready to explain their spending plans during parliamentary debates next week.

Bangkok Post

Ex-Federal Reserve chair Alan Greenspan dies aged 100

Alan Greenspan, who oversaw the second-longest economic expansion in US history as chairman of the Federal Reserve, has died aged 100.

AAP

'Basics' budget the start of Labor state election pitch

In his government's last budget before a state election, the NSW treasurer is looking to sell a message of responsibility and basic service delivery.

AAP

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Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened

Rolling coverage of the latest economic and financial news, including the latest UK jobs report and the Bank of England’s interest rate decision

The Guardian - UK

Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance

The Federal Reserve kept its key rate unchanged Wednesday yet nearly half the central bank's policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation

AAP

UK gender pay gap could take another 30 years to close – despite decade of reporting

Scrutiny of pay inequality is growing across the UK and Europe

The Independent UK

We economists have done the maths: ‘growth’ is a doomed strategy – there is a better way

Our roadmap has been shaped by experts across the world. We call on political leaders at all levels to use it, says Olivier De Schutter and others

The Guardian - UK

'We've had to be measured': new targets set to tame ACT's budget

A controversial levy is gone and the surplus has been delayed.

The Canberra Times

America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing

While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the wake of pandemic lockdowns

The Independent UK

Graph mixes measures to falsely claim NZ govt has more than doubled net debt

A social media graph appearing to show New Zealand government net debt skyrocketing under the National-led coalition switches between three different measures across multiple years.

AAP

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The Guardian - UK

What Blair gets wrong about the economy – it is fired by people, not business

Letters: Readers respond to Jonathan Freedland’s article about Tony Blair’s vision for the future

AAP

Island state to cut, cut, cut its way back to the black

Tasmania will spend more on servicing debt in 2026/27 than on police, fire and emergency services, showing the scale of the state's borrowing challenge.

The Independent UK

UK economy was on the right track – Trump’s Iran war has wrecked that

Domestic and overseas matters have combined to create a tough outlook for British businesses and consumers

AAP

Unions ramp up minimum wage rise demands as costs soar

Low-paid workers should not go backwards because of Donald Trump's war, the peak union body says, as it calls for minimum wages to be raised to $26.45 an hour.

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news in one place.

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The Guardian - AU

Australian workers have been hard done by and tax reforms in the budget only begin to return some fairness

The CGT discount not only increased the benefit to non-wage earners, it did so in a way that incentivised investing in rental properties rather than shares

AAP

Bleak outlook for national economy if Iran war drags on

Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.

International Business Times UK

62% of Americans Don't Have a Bachelor's Degree — Here Are 9 Jobs That Pay Up to $100K Without One

Discover the high-paying jobs without a degree that are dominating the 2026 US labour market.

The Guardian - AU

At least 160,000 to be cut from NDIS amid concerns vulnerable people will be left without care

Announcing a major overhaul of the scheme, health minister Mark Butler said it was costing ‘too much and is growing too fast’

The Guardian - UK

UK jobs market was in a fragile state – even before Iran war threatened recovery

Despite surprise fall in unemployment, weak wage growth and inflation pressures put the squeeze on workers

Kiplinger

Respected But Never Selected: The Real Reason You're Not Being Promoted at Work (and 5 Tips to Change That)

Delivering strong results but always passed over for promotion? Find out what's really behind your lack of advancement and how to get to the next level.

The Independent UK

Rachel Reeves must do more to protect us from a wartime slump

THE INDEPENDENT VIEW: Editorial: At a time of conflict in the Middle East, it would be unfair to blame the government for Britain now facing the biggest hit to growth of all the world’s major economies – but the public is right to expect the chancellor to display a surer…

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