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The Latest Breaking News on Economy

Inflation cools in November for the second-straight month

Inflation is still way too high, but the data offers some hope that it can ease alongside a still-healthy economy.

Axios

Scottish policies making 'big difference’ to family costs - but income gap widens

SUPPORT offered in Scotland is making a major contribution to helping with the costs of bringing up children – but families are still going…

The National (Scotland)

City comment: Don’t shoot the MPC pilots

BoE rate setters face an unenviable task this week as economic indicators send mixed messages

Evening Standard

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UK labour market heads for turning point as pay growth nears peak

Wage demands likely to cool as inflation starts to head down and unemployment rises

The Guardian - UK

417,000 days were lost to strike action in October, highest number for a decade

The toll is set to surge as industrial action ramps up, with Tuesday marking the start of a month-long wave of rail disruption, with nurses also set to strike. This comes on top of strikes this month by other emergency staff, such as ambulance crews and paramedics, as well as…

Wales Online

Commentary: Don’t renew the child tax credit. Reform it

As Christmas approaches, not everyone is celebrating. American families — hit hard by inflation, wage stagnation and layoffs — must confront another challenge: an expired child tax credit.

Chicago Tribune

Unemployment rises sharply in North East as economy struggles

The unemployment rate in the region had been at record lows in the previous two months

Chronicle Live

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Unemployment rate rises as UK faces deepening economic gloom

New figures also signal more people are choosing to return to work

The Independent UK

'Difficult decisions needed' says chancellor as unemployment rises

Jeremy Hunt warned inflation needed to be tackled otherwise it would 'prolong the pain'

Wales Online

US inflation report may show further slowing of price spikes

A high-profile report on inflation to be released Tuesday morning could show another month of cooling prices and add to evidence that the pressures on American households are gradually easing

The Independent UK

'Burnt-out' NT teachers take pay offer

Northern Territory's teachers have accepted a three per cent pay offer, ending months of negotiations and industrial action.

AAP

Disappointed by your year 12 result? A university expert and a clinical psychologist share advice on what to do next

Over this week and next, year 12 students around Australia will receive their exam results. This is a time of great expectations and intense pressure for many young people.

The Conversation

UK economy grew in October but Jeremy Hunt warns of ‘tough road ahead’

Gross domestic product grew by 0.5% in October in a bounce back from a 0.6% contraction the previous month

The Independent UK

The Fed needs to stop raising interest rates

Interest rate hikes mean that workers and consumers take the hit. Here are other tools to address inflation

The Guardian - US

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The Independent UK

UK economy shrinks 0.3% in three months through October

Britain’s economy shrank in the three months through October, confirming the toll rampant inflation and rising interest rates are having on business and industry

Evening Standard

Tough road ahead on the economy, Chancellor Jeremy Hunt warns

Economists described October’s 0.5 per cent growth as a ‘false dawn’

The Independent UK

Colleges and sixth forms to bear brunt of funding squeeze, “stark” IFS report warns

Early years education, colleges, sixth forms and universities will all face a difficult few years ahead, experts have warned.

The National (Scotland)

UK economic growth in October a 'false dawn', say experts

THE UK is heading into an expected recession as the economy shrank between August and October.

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Insider UK

Swinney talks of ‘difficult decisions’ ahead of Scottish budget

Social Justice Secretary suggests that those with the broadest shoulders should take more of the tax burden

The National (Scotland)

John Swinney urged to use devolved tax powers to ease Budget pressures

JOHN Swinney should consider using devolved tax powers to balance the books when he presents the Scottish Budget this week, an economic research…

Birmingham Post

Business rates in Wales will be frozen for the 2023-24 financial year says Welsh Government

The decision is part of a £460m Welsh Government business support package for the next two financial years

Birmingham Post

Northern Ireland private sector slows sharply, but inflationary pressures ease - Ulster Bank PMI

The local economy reported its seventh successive monthly drop in output

The Independent UK

Early years education and colleges to bear brunt of funding squeeze – IFS

Early years education, colleges, sixth forms and universities will all face a difficult few years ahead, experts have warned.

AAP

NSW govt to make rental auctions 'illegal'

Regulations are being introduced in NSW to prevent real estate agents from encouraging bidding wars between prospective renters to secure a lease on a home.

AAP

Progress stalls on bridging gender pay gap

Australian women are earning significantly less money on average than their male colleagues, with a damning finding on progress toward closing the pay gap.

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