The Latest Breaking News on Economy

The fallout from Kwasi Kwarteng’s “mini-budget” is far from over. The International Monetary Fund has criticised the “untargeted fiscal packages” and suggested the Chancellor had an opportunity in November to “re-evaluate the tax measures”. This is highly unusual language, particularly directed at a major economy such as the UK.

The airline chief said the move could potentially bankrupt the UK economy in the coming years.

Nicola Sturgeon said that the impact of the sweeping tax cuts could lead to an economic crisis worse than the 2008 global financial crash

Sir Charlie Bean, a former deputy governor of the Bank of England, said deep cuts would be needed to bring spending into line with GDP

UK inflation fell this week as fuel prices dropped

Democrats want to talk abortion, abortion, abortion, hoping intently that voters don’t notice the economy, the economy, the economy. But amid a steady torrent of bad economic news, the party faithful may be engaging in a mission of futility.

Yellen says the Biden administration is emphasizing action on climate change to make a more resilient American economy. What does that look like for the future of infrastructure and spending?

With the UK government fighting off fears of a recession, the British pound tumbled against the US dollar this week. Here's why stock markets are concerned and what it means for Australia.

Chancellor insists strategy ‘will work’ and promises ‘credible plan’ to address debt next month

UK inflation fell this week as fuel prices dropped

Current turmoil ‘hallmark of situations where credibility lost’, says Larry Summers