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The Latest Breaking News on Economy

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.

Axios

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

The Guardian - AU

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.

The New Daily

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

Recession or not, UK weakness is inevitable

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

Evening Standard

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

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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

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

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The Guardian - AU

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

This blog is now closed.

The Conversation

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 National (Scotland)

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 Independent UK

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’

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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

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

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