The Latest Breaking News on Economy

The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession

According to business analysts, the Fed hasn't made a move against inflation quite this aggressive since the 1980s

New forecasts show the central bank envisions a weaker economy in the coming years.

Today, the Government announced a cap on energy bills for businesses from October, which is intended to help them survive in the harsh economic winter. Small- and medium-sized companies in particular need stability and help with rising prices. Today’s announcement will provide some relief and the clarity they have been…

Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe.

Figure of £11.8bn comes as high inflation drives interest payments to a record for the month

Capping electricity and gas for six months won’t provide long-term security, schools and hospitality firms fear, as business secretary hints at more support

ONS said central government debt interest payable was £8.2 billion in August 2022, £1.5 billion more than in August 2021

The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an unnecessary recession.

Slashing budget deficits have long been cast as a Treasurer’s reason for being. But Jim Chalmers was muted on Tuesday.

PM’s remarks suggest tax cuts set to be unveiled in Friday’s ‘fiscal event’ may not be the last, with full budget expected in November