The Latest Breaking News on Economy

NEW DELHI: The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim lower TDS rate.

Authority has to find £31million of cuts to balance its books from April

The poorest 20% of households are aided significantly by services like education and health. But the stage-three tax cuts threatens their funding

Office for National Statistics data for November shows that inflation has eased slightly, but is still close to its highest level in 40 years.

A fresh squeeze on living costs is expected today when the Bank of England hikes interest rates by another 0.5%.

Jeremy Hunt says rising costs are still ‘number one enemy’

The bigger than expected fall could slow the pace of interest rate hikes

Drop in consumer prices index had been forecast but costs continue to rise, adding to pressure on ministers to raise pay

Further monetary tightening will be gradual and measured, and can be adjusted if necessary, after the monetary policy committee raised its key interest rate late last month, minutes of the meeting showed on Wednesday.

WASHINGTON — A key gauge of U.S. consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

Last week, I discussed all of the reports we had coming due before the Fed's December meeting (and rate hike announcement)...including the very important Consumer Price Index (CPI) report that was released this morning. It felt premature to send out my pre-Fed meeting market commentary before that last important inflation…