The Latest Breaking News on Economy

Covid era tax-dodging cost £9BILLION as prosecutions plummeted, watchdog finds

Thousands of staff who usually checked people and businesses were paying the right amount of tax were moved to Covid support schemes - meaning far fewer people were investigated

Daily Mirror · Dec 16, 2022

Scotland in recession - and Fiscal Commission warns household incomes set to see biggest decline since records began

Report warns 'living standards will take time to recover to the pre-crisis level'

Insider UK · Dec 16, 2022

Higher tax returns to bolster SA budget

The South Australian mid-year budget review has revealed an improved result thanks to increasing tax returns.

AAP · Dec 16, 2022

Scottish budget: John Swinney moves on income tax and business rates while scrapping indyref2 fund

Statement delayed due to tax plan leak to the BBC

Insider UK · Dec 15, 2022

The six key things you need to know from today's Scottish Budget

Everything you need to know from today's Scottish Government Budget update

The National (Scotland) · Dec 15, 2022

Welfare recipients shrink over 12 months

There are now fewer people on JobSeeker and Youth Allowance than pre-pandemic although the long-term unemployed are still not finding work.

AAP · Dec 15, 2022

What do politicians really think of economists? Our new research explains why relations fell apart after 2008

As countries across Europe and around the world grapple with high living costs and impending recession, voters are concerned about the economy and how their elected representatives will fix it.

The Conversation · Dec 15, 2022

Opinion: Agile strategy key for businesses in 2023 given 'war' on profitability

"We now expect downward pressure on prices as customers seek out cheaper alternatives"

Birmingham Post · Dec 15, 2022

2022 was a rough year for people everywhere – South Africa was no exception

Tough economic conditions meant that 2022 was a rough year for people everywhere in the world. South Africa was no exception. But this year’s crop of problems came on top of a legacy of poor economic performance.

The Conversation · Dec 15, 2022

US Federal Reserve Raises Interest Rate, Highest since 2007

The US Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. The central bank boosted its benchmark rate a half-point to a range of 4.25% to 4.5% and projected it would continue rising to…

Asharq Al-Awsat · Dec 15, 2022