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The Latest Breaking News on Economy

OPINION - The Standard View: Without economic growth, there is no escape from the cost of living crisis

The UK economy cannot get out of first gear. Data released by the Office for National Statistics shows growth was a negligible 0.1 per cent in the first quarter of the year, with output falling by 0.3 per cent in March alone.

Evening Standard

Too early to sound the all-clear as impact of UK rate rises yet to be felt

There are some signs that headwinds are easing but economy still looks fragile

The Guardian - UK

UK economy grows slightly in first quarter but slumps unexpectedly in March

THE UK economy marginally grew over the first quarter of the year, according to official data, despite an unexpected slump in March.

The National (Scotland)

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Rishi Sunak ‘may fall short on pledge to halve inflation in 2023’, top think tank warns

The National Institute of Economic and Social Research reckons inflation will to fall to 5.4% by the end of the year

Evening Standard

RBA research finds Australia has up to an 80 per cent recession risk to get inflation under control

Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent.

ABC News

Leaders navigating an uncertain world

Business leaders across the globe are regularly asking themselves some form of the following four questions:

Bangkok Post

Coalition may support Labor’s cost of living measures

Cost of living measures helping struggling Australians with soaring energy and health costs in Labor's second budget may be supported by the coalition.

The New Daily

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PM maintains ‘we’re the party of aspiration’ – as it happened

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The Guardian - AU

Budget spends big on support but won't make much difference to poverty

The 2023 federal budget has a strong emphasis on the cost-of-living, with a A$14.6 billion plan designed to help Australians who are “under the pump”.

The Conversation

Budget 2023: Budgeting for difficult times is hard – just ask Chalmers

Surplus or not, the budget papers show us living through pretty awful times.

The Conversation

Australia flags first annual budget surplus in 15 years

Treasurer Jim Chalmers says country is on track for first surplus since the global financial crisis in 2008.

Al Jazeera

What time is the 2023-24 federal budget? Here are the key things to watch for and what 'budget surplus' means

While the federal government has already announced several measures ahead of the big moment on Tuesday night, the full details don't drop until then. Here's a quick guide to get you up to speed with what's happening and what to watch out for.

ABC News

Australia forecasts first annual budget surplus in 15 years

The Australian government has forecast the nation’s first balanced annual budget in 15 years but warns that economic pressures such as inflation will push the country into deeper debt in future years

The Independent UK

Jobseeker must be substantially raised in the budget – and there’s a simple way to pay for it

If the stage-three tax cuts were only temporary, there would be no need to delay lifting support for those who need it most

The Guardian - AU

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The Guardian - AU

Inside the Canberra bubble: what happens in the federal budget media lock-up?

Are you actually locked up? Is it stressful? Do you have internet access? Amy Remeikis answers all your burning budget questions

The Guardian - AU

Jim Chalmers to announce first surplus in 15 years in 2023 federal budget

Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth

The Guardian - AU

Fears relief could add to inflationary pressures – as it happened

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Newsroom.co.nz

Budget plea to Grant Robertson to return NZ economy's focus to wellbeing

Wellbeing Economy Alliance co-founder Katherine Trebeck is to meet with finance minister before the Budget – and says her message won't be diplomatic. Jonathan Milne reports.

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The New Daily

Workers to get real wage lift ahead of schedule

Australian workers can expect to see their pay packets growing faster than consumer prices by early next year. An improvement in real wages, which

The Conversation

Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities

Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates.

The Independent UK

White House warns of catastrophic recession if US defaults on debt

The White House says a default would cause a self-perpetuating crisis because the government couldn’t borrow money to help Americans deal with the resulting recession

The Guardian - AU

Labor accused of playing ‘footsies’ with Australia’s major challenges if it pursues risk-averse budget

‘Bold is what we need’ from budget to lift people out of poverty and address cost of living, Grattan Institute’s Danielle Wood says

Liverpool Echo

Dates of all strikes taking place this month - from nurses to train drivers

Nurses embarked on another round of strike action yesterday, and other groups are soon to follow

The Hindu

Tread a new path, one that prioritises social justice

The post-COVID-19 world has only caused more problems and if we are to shape a new, more stable, and equitable world, the world must choose one that prioritises social justice

Birmingham Post

Northern Ireland budget will stymie economic growth, say business bodies

Reduced Westminister funding reignites calls for restoration of the Stormont Executive

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