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The Latest Breaking News on Economy

Fears relief could add to inflationary pressures – as it happened

This blog is now closed.

The Guardian - AU

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.

Newsroom.co.nz

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 New Daily

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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 Conversation

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 Independent UK

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

The Guardian - AU

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

Liverpool Echo

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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

The Hindu

Northern Ireland budget will stymie economic growth, say business bodies

Reduced Westminister funding reignites calls for restoration of the Stormont Executive

Birmingham Post

Opinion: Chris Hobson of East Midlands Chamber says the green shoots of recovery are finally poking through

'Sales are steadily growing, cashflow is improving and price pressures continue their gradual drop-off'

Birmingham Post

Treasury secrecy hindered aspects of Covid-19 response, think tank says

The Institute for Government said the Treasury’s unwillingness to share analysis undermined Government decision-making in response to the pandemic.

The Independent UK

3 Equipment Stocks Unlikely to Recover From Pending Recession

The likelihood of a recession later this year is high due to the expected interest rate hikes and the tighter credit standards. A recession will put immense pressure on the profitability of equipment manufacturers. Therefore, it could be wise to avoid fundamentally weak equipment stocks FuelCell Energy (FCEL), Solid Power…

StockNews.com

Labor considering single-parenting payment, rent assistance changes in budget

The finance minister says the government is looking seriously at a recommendation to expand the single-parenting payment to more mothers, acknowledging it is "hard" to live on the current JobSeeker rate.

ABC News

Has Denver lost its edge? Colorado’s biggest counties are losing population

The entire northern Front Range, especially metro Denver, was a hot spot coming out of the Great Recession, drawing in young workers from all over the country. But that important driver of economic growth last decade looks like it has stalled and in some areas reversed.

The Denver Post

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ABC News

Jim Chalmers is a man on many missions. Here's what the treasurer's been up to ahead of the budget

Will Treasurer Jim Chalmers be able to please everyone with his May budget? He's certainly trying very hard to cover a lot of economic ground beforehand.

Kiplinger

Three Reasons Inflation May Be With Us Longer Than We Think

Shifts in the labor market, the transition to renewable energy and changes in China present long-term challenges for the U.S.

Axios

White House economists: There isn't a "missing worker" problem anymore

It looks as if it simply took time for potential workers to match up with jobs and return to the labor force after the pandemic, White House economists argue.

The Guardian - AU

Victoria budget expected to slash spending on infrastructure, public service and health

Daniel Andrews warns of ‘very difficult measures’ in May budget as government works to get state finances on track post-Covid

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The New Daily

Global uncertainty to cast shadow over federal budget

Treasurer Jim Chalmers has warned the upcoming federal budget will come at a time of some of the lowest global growth in decades.

Evening Standard

Recession or not, UK weakness is inevitable

City Voices: A weaker economy is needed for inflation to fall

The Independent UK

Bank’s chief economist says UK economy still set to contract this quarter

Huw Pill said the latest GDP figures are ‘somewhat disappointing’ despite being an improvement on previous forecasts.

Evening Standard

OPINION - The Standard View: Jeremy Hunt’s ‘not-so-bad’ economy offers little comfort

The British economy cannot get going. Growth flatlined in February, the latest figures from the Office for National Statistics show, as a rise in construction was offset by falls in services and production.

Insider UK

Hiring activity across Scotland falls again in March

Permanent placements fall for second month running, as pay pressures remain strong

The Guardian - AU

Australia is not a high-tax country. So why can’t we have a conversation about the T word?

We need to get real about how we pay for the services we want if we are to fund a growing budget challenge

The New Daily

Major tax reform on ‘menu of options’ ahead of budget

Raising the GST, trimming defence spending and reforming tax breaks on super are some of the options the Grattan Institute has suggest to repair the budget.

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