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The Latest Breaking News on Economy

Govt focusing on public expenditure to propel growth: Finance minister

NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday said that the effort of the government over the years has been to increase public expenditure with a view to promote growth.

The Times of India

Rishi Sunak considers deal to end wave of strikes among public sector - report

The Prime Minister and Chancellor are considering giving workers a lump sum by backdating next year’s pay rise

Evening Standard

2 ETFs That Are a Retiree's Best Friends

The market is at the crossroads of an impending recession or a strong recovery. Against such an uncertain backdrop, it could be wise to add quality ETFs, Vanguard S&P 500 ETF (VOO) and SPDR S&P 500 ETF Trust (SPY), to your retirement portfolio. Continue reading….

StockNews.com

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Scotland's employment rate at record high but workers face wages slashed by inflation

Roz Foyer of the STUC warned "the real story of Scotland’s latest labour market figures is falling real wages".

Daily Record

Number of days lost to strikes is highest since the Thatcher era

Squeeze on households continues as pay growth suffers one of its largest falls since records began in 2001

The Guardian - UK

FTSE 100 hit record closing high; US inflation slows slightly to 6.4% – as it happened

Blue-chip share index has hit 7996 points for first time, but drops back as US consumer prices index is higher than expected in January

The Guardian - UK

Scrapping wage cap could create NSW budget 'black hole'

The NSW government says Labor's plan to remove a cap on public sector wages will punch a black hole in the budget but the opposition says it's a scare campaign.

AAP

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Ulster Bank PMI: Northern Ireland economy contracts but green shoots emerge

Easing inflationary pressures give cause for optimism

Birmingham Post

The price Britain paid for lockdown was colossal. Was there an alternative?

Flirtation with recession, along with new era of austerity and stagnation are consequences of policy response to pandemic

The Guardian - UK

The Mancunian Way: Lamb and mint balls anyone?

Dodging a recession PLUS Awaab's Law has stopped family from feeling ‘alone’ AND ‘Skyrocketing’ costs force closure

Manchester Evening News

UK can expect year of stagnation after narrowest of escapes from recession

Marginal expansions and contractions in 2023 will do little to solve a lack of investment and export shortfall

The Guardian - UK

Firms must embrace flexibility to attract and retain workforce

The balance between the employer and employee has changed

Birmingham Post

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

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The National (Scotland)

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.

Insider UK

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

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 Independent UK

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

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

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Evening Standard

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

Break in Premier League games helps fuel economy slowdown

Wales Online

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

Los Angeles Times

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.

The Independent UK

All the UK strike dates confirmed for February 2023

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

Chicago Sun-Times

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.”

The Independent UK

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

StockNews.com

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…

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