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The Latest Breaking News on Economy

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…

Tribune News Service

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 Independent UK

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

The Guardian - AU

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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.

Bangkok Post

Politics with Michelle Grattan: Michael Brennan on Australia's parlous productivity growth

The Productivity Commission’s nine-volume report has a tough central message. It says productivity policy has to focus on the areas that have proven the hardest in the past, rather than those where previously progress has been most readily achieved.

The Conversation

Next first minister must prioritise economic growth, says business leader

Dr Liz Cameron, of the Scottish Chamber of Commerce, said the country needed a credible plan to drive economic growth.

The Independent UK

Next First Minister 'must tackle persistent productivity problem'

Latest research reveals mixed progress across leading indicators

Insider UK

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Here's how to prepare for a recession, if it actually happens

A recession could be on the way. Or it could not.

Tribune News Service

UK workers £11,000 worse off after years of wage stagnation – thinktank

Resolution Foundation analysis suggests UK lagging behind similar economies such as Germany

The Guardian - UK

New childcare plans could 'lock out' North East families, campaigners fear

The North East Child Poverty Commission believes free childcare should be available to all babies and children

Chronicle Live

Northern Ireland economy emerges from recession as services sectors blooms

Late 2022 recovery bodes well for headline economic indicator as commentators await outcome of Windsor Framework deliberations

Birmingham Post

Nurses, paramedics reach pay deal to end England strikes

Leaders of unions representing hundreds of thousands of nurses, ambulance crews and other health care workers in England have reached a deal to resolve months of disruptive strikes for higher wages during a punishing cost-of-living crisis

The Independent UK

Jeremy Hunt defends speed of rollout of free childcare Budget offer

New policy of expanded free childcare won’t be fully available until September 2025

Evening Standard

‘Productivity problem’ putting living standards at risk

Treasurer Jim Chalmers says Australia is slipping down global productivity rankings - and there's no easy fix for the problem.

The New Daily

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AAP

'Productivity problem' putting living standards at risk

Treasurer Jim Chalmers says Australia is slipping down global productivity rankings - and there's no easy fix for the problem.

AAP

New Zealand GDP down 0.6 per cent in Q4 2022

New Zealand has had a 0.6 per cent contraction in GDP in the December 2022 quarter, beginning a predicted 2023 dip a quarter earlier than expected.

Manchester Evening News

What the Spring Budget means for you and your money

From extending the energy bill price guarantee to freezing fuel duty, the Chancellor continued to implement plans to help struggling households

The National (Scotland)

UK to avoid recession but see living standards 'drop to levels not seen since 1950s'

The UK economy is set to avoid a recession but people are still expected to face the biggest fall in living standards on record, according to the…

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Birmingham Post

What Jeremy Hunt's Spring Budget means for Wales

The Chancellor wants to see an investment zone established in Wales

The National (Scotland)

Who in Scotland is taking part in the Budget Day walkouts?

HUNDREDS of thousands of workers from several trade unions will strike on Wednesday in what threatens to be the biggest single day of industrial…

The Independent UK

Who is taking part in the Budget Day walkouts?

The unions say it will be the biggest strike in the civil service for decades.

Asharq Al-Awsat

Iraq’s Finance Minister Says Completes 2023 Budget Bill

Iraqi Finance Minister Taif Sami announced the completion of the draft of the federal budget law for 2023 and its submission to the Cabinet for discussion and a vote. According to a statement by Sami, the bill was prepared during extraordinary circumstances endured by the global economy and was drafted…

AAP

Labour market, consumer sentiment reports due this week

Jobs numbers due Tuesday should show more people are working while a raft of business and consumer reports will be examined to assess the mood of the nation.

Evening Standard

UK economy rebounds to grow by 0.3% in January

Chancellor coming under pressure from some Tory MPs to cut taxes in a bid to boost growth

The Guardian - UK

US adds 311,000 jobs in February; UK economy returns to growth; regulators take over Silicon Valley Bank – as it happened

UK economy has proved ‘more resilient than many expected’ says chancellor Jeremy Hunt, while problems at Silicon Valley Bank knock FTSE 100 down 2%

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