The Latest Breaking News on Economy

Tax cuts to cost Treasury around £37bn in 2023-24, official figures reveal

Kwasi Kwarteng is expected to explain how the Prime Minister's tax-cutting promises will be put into practice

Economic historian says Australia will largely be fine, as long as China pulls off biggest financial feat the world has ever seen

Threadneedle Street makes clear on eve of tax-cutting mini-budget that plans risk triggering more rate rises

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Higher unemployment could be on the way, the central bank suggests.

The Tanaiste suggested that those struggling will see more money “in their pockets and off their bills within weeks.”

The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year

Applications for U.S. unemployment insurance ticked up from an almost four-month low, suggesting demand for workers remains healthy despite an increasingly uncertain economic outlook.

The number of Americans filing for jobless benefits rose slightly last week despite the Federal Reserve’s year-long battle against inflation that’s intended to cool the economy and the tight labor market

Britain’s central bank is under pressure make another big interest rate hike Thursday