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The Latest Breaking News on Economy

MPs’ pay rise: How much do MPs get paid and what is their new salary?

MPs’ pay is set for a new increase after they were awarded a pay rise last year.

Evening Standard

UK narrowly avoids recession after figures show growth flatlining

Economy contracted in December by 0.5% after expansion of 0.1% and 0.55% in previous two months

The Guardian - UK

UK avoids recession by narrowest margin but 'not out of woods yet'

THE UK avoided a recession by the thinnest of margins after the economy flatlined in the last three months of 2022, new data shows.

The National (Scotland)

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UK narrowly avoids recession as the economy flatlines at the end of 2022

When counting to two decimal places, the UK managed 0.01% growth in the fourth quarter

Insider UK

All the UK strike dates confirmed for February 2023

More disruption likely as pay disputes go unresolved and industrial action continues

The Independent UK

UK ‘not out of the wood’ after narrowly avoiding recession

Bank of England still expects UK to enter ‘shallow’ recession

The Independent UK

GDP: No recession yet, but Britain’s not out of the woods

Break in Premier League games helps fuel economy slowdown

Evening Standard

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UK economic growth hit zero at end of 2022

The economy contracted sharply in December meaning, overall, there was no growth in the economy over the last three months of 2022

Wales Online

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

Los Angeles Times

All the UK strike dates confirmed for February 2023

More disruption likely as pay disputes go unresolved and industrial action continues

The Independent UK

Fed Chair Powell sees ‘significant’ inflation drop in 2023

While inflation pressures are easing, the Fed chair cautioned that “these are the very early stages of disinflation. It has a long way to go.”

Chicago Sun-Times

Fed Chair Powell sees 'significant' inflation drop in 2023

Federal Reserve Chair Jerome Powell said Tuesday that last week’s blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a “significant decline” in inflation this year

The Independent UK

3 Stocks That Are Ready to Explode Higher in 2023

Cooling inflation and a tight labor market have raised optimism that the economy might avoid a recession. As the global economic outlook turns optimistic, it could be wise to add quality stocks with solid fundamentals, Marathon Petroleum (MPC), HF Sinclair (DINO), and Overseas Shipholding (OSG), which look well-positioned to soar…

StockNews.com

2 Stocks to Buy as Inflation Fears Fade

Investor optimism has increased considerably in the past few weeks thanks to cooling inflation figures, the Fed’s downshift on monetary tightening, and fading recession fears. Moreover, a strong job report reflects a fairly resilient economy. As the prospects for the global economy are improving, investors could consider buying fundamentally strong…

StockNews.com

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The Independent UK

All the UK strike dates confirmed for February 2023

More disruption likely as pay disputes go unresolved and industrial action continues

The Guardian - AU

RBA interest rates: Reserve Bank lifts official rate to 3.35% in record ninth consecutive hike to tame inflation

Mortgage holders likely to feel immediate pain but RBA indicates further increases to come in attempt to bring inflation under control

ABC News

Property prices, investor decline tipped for regional Victoria as interest rates rise

When Emily and Jimmy Black bought their first home in September 2020, their mortgage repayments were tough but manageable. Fast forward less than two years and things are looking very different.

The New Daily

RBA hikes interest rates to decade-high in first meeting of 2023

The Reserve Bank has raised interest rates to a decade high 3.35 per cent at its first meeting of the year in a bid to curb sky-high inflation

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ABC News

Reserve Bank raises interest rates, 'expects that further increases will be needed'

The Reserve Bank raises interest rates for the ninth meeting in a row, taking the cash rate target to its highest level since September 2012.

ABC News

Interest rate updates: Philip Lowe says RBA will 'do what is necessary' to curb inflation as cash rate reaches highest level since September 2012 — as it happened

The Reserve Bank lifts interest rates by another quarter of a percentage point, with ANZ becoming the first bank to pass on the increase to its customers.

Bangkok Post

Inflation expected to dip through year

The government expects the inflation rate to continuously decrease throughout this year after the rate in January declined, reaching the lowest level in nine months.

ABC News

The ASX falls after the Reserve Bank of Australia delivers its ninth interest rate hike in a row - as it happened

The RBA has lifted the cash rate target to 3.35 per cent, up another 25 basis points, as it keeps trying to squeeze inflation out of the system.

France 24

Britain’s health workers stage biggest-ever walkout as pay negotiations hit stalemate

Tens of thousands of nurses and ambulance workers joined Britain’s largest-ever health sector strike on Monday – the latest walkout to cause disruption at the National Health Service. Public support for striking staff remains high, but negotiations with the government over pay increases have reached a stalemate.

Evening Standard

The energy sapping struggle to bring inflation under control

MPC rate setter warns that another rise is “likely” at their next meeting

Manchester Evening News

Tell us your thoughts on the nurses and ambulance staff strike

The action will hit three NHS hospital trusts across Greater Manchester

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