The Latest Breaking News on Economy

Scotland’s top trade union official has accused the UK Government of deploying ‘Thatcherism on steroids’ after the pound plunged to a new low.

The Treasury moved to settle the markets with the promise of a Budget next spring as the pound tumbled against the dollar on Monday.

The country's central bank issued a rare statement that failed to stem the financial market fallout.

Interest rates are rising but that could slow – begging the question of why the Reserve Bank would ease off and what this will mean for NZ markets.

Chancellor to set out medium-term ‘fiscal plan’ – but no proper budget until spring 2023, says Treasury

The head of the European Central Bank says the economic outlook “is darkening” and she expects business activity to “slow substantially” in the coming months as high energy and food prices pushed up by the war in Ukraine sap consumer spending power

Susan Collins, the new president of the Federal Reserve Bank of Boston, said says that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but suggested any economic downturn would likely be modest

Pound crashes to its lowest level against the dollar since 1971

IInsolvency Trade body R3 said said the rise

The pound trades against the dollar at levels last seen in the early 1980s as the UK struggles to fight inflation.

The British pound has resumed a slide that picked up pace last week after the U.K.’s new government outlined plans to cut taxes and boost spending