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The Latest Breaking News on Economy

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

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.

ABC News

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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.

Kiplinger

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

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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

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

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Evening Standard

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

Kiplinger

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.

The Guardian - AU

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

Chronicle Live

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.

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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’

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.

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