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The Latest Breaking News on Economy

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.

The Independent UK

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.

Evening Standard

Hiring activity across Scotland falls again in March

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

Insider UK

From analysis to the latest developments in health,
read the most diverse news in one place.

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 Guardian - AU

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.

The New Daily

Redesigned stage-three tax cuts among options that could halve $50bn budget deficit, report says

More changes to super tax breaks and a royalty on offshore gas suggested as Grattan Institute warns deficit must shrink to avoid rising debt interest bill

The Guardian - AU

UK economy: Set-piece moment looms from latest growth readout

Test for more resilient showing from UK economy due on Thursday from GDP data for February

Evening Standard

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Fearing a Recession? Five Things to Do Now to Your Portfolio

Waiting until a recession is ‘official’ could be too late, so consider taking some steps now to set your portfolio up for resiliency.

Kiplinger

Australia’s richest captured 93% of economic growth between 2009 financial crisis and Covid, paper shows

Wealthiest 10% captured growth in company profits while most Australians watched their real wages shrink, Australia Institute finds

The Guardian - AU

More than half of the British public support junior doctors going on strike, new poll suggests

NHS junior doctors have the support of more than half of the public, according to a new Ipsos poll.

Chronicle Live

PM urged to ‘reset tone’ of voice debate – as it happened

This blog is now closed.

The Guardian - AU

Strikes, protests and collective action: how fighting a cost-of-living crisis wasn’t always about tightening your own belt

Most people today are coping with the rising cost of living individually: cost cutting, looking for a better paid job, taking on “side hustles”, and so on. But not so long ago, many workers globally and in Aotearoa New Zealand approached the same problem in far more collective ways.

The Conversation

EXPLAINED: Why junior doctors in Scotland are not on strike

Junior doctors in England are set to stage four days of strike action – leading to confusion on whether junior doctors in Scotland are also taking…

The National (Scotland)

Predicted 0.08% boost from UK-Asia trade deal could be overestimate

Trade department used different approach to estimating economic boost which ‘generates larger estimated GDP impacts’

The Independent UK

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The Guardian - UK

Are there brighter prospects than at the last IMF meetings? Only just

October saw the UK chancellor in the dock. Now the US’s Yellen will face flak over green subsidies and banking security

Kiplinger

5 Money Moves for Your Recession Game Plan

Some think a recession is inevitable. Is your game plan ready if it is?

Bangkok Post

Gold prices surge as dollar weakens

Gold prices hit a 13-month high, touching US$2,031 per ounce as weak US economic data spurred demand for the safe-haven asset amid a weakening dollar, according to analysts.

The Guardian - UK

Women still paid less than men at four out of five employers in Great Britain

Guardian analysis shows median gender pay gap is stubbornly wide at 9.4%, the same level as five years ago

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news in one place.

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Tribune News Service

US job openings fall below 10 million for first time since 2021

Vacancies at U.S. employers dropped in February to the lowest since May 2021, suggesting a cooling in labor demand in some industries but still indicative of a job market that’s too tight for the Federal Reserve.

Axios

Manufacturing comes off its high boil

Manufacturing activity is shown to be falling in April's first significant economic release.

The Guardian - UK

At this rate, Sunak may even repent of Brexit before Starmer does

The blight on living standards makes the case for rejoining stronger every day – and this PM is nothing if not pragmatic

Tribune News Service

Commentary: How the debt ceiling could prevent the next banking crisis

With the collapse of several banks in the last few weeks, many fear that their deposits aren’t safe and another financial crisis is looming. Worse, the fight in Washington over raising the debt ceiling threatens to strain the system still more. These two issues may seem worlds apart, but both…

The Independent UK

UK private sector contracts for eighth consecutive quarter

However, the Confederation for British Industry (CBI) said its latest growth report showed ‘signs of green shoots’.

The Guardian - AU

Ignore the doomsayers, the sky won’t fall if Australian workers get a pay rise

There has not been a wages breakout even in this period of extraordinary inflation, yet the fear of one continues to be spread

Bangkok Post

BoT poised to raise rate by quarter-point

The Bank of Thailand is expected to raise its policy rate by 0.25 percentage points on Wednesday to contain inflation amid the economic recovery while trying to ease baht volatility, say economists.

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