The Latest Breaking News on Economy

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.

Governors of Arab central banks and monetary institutions announced that central banks in the region have maintained capital and liquidity adequacy above the minimum limits established in the Basel Agreement, noting that the total debt in the sector exceeded $756 billion. For his part, the Governor of the Saudi Central…

Q1 surge in private consumption not just a function of pent-up demand but also rising employment levels, it says

Businesses may struggle as consumers cut back spending amid high inflation and rising fuel costs, economists warn

Figures show the cost-of-living crisis is biting before small businesses have fully recovered from the pandemic

HMRC said there were a record number of pay-rolled jobs in August

Economists accuse bondholders of standing to make huge profits at the expense of the crisis-hit country

Reserve Bank governor Philip Lowe says he will keep lifting interest rates but the pace will soon slow down and he is confident the economy can absorb the rises.