The Latest Breaking News on Economy

Top trade union official accuses UK government of ‘Thatcherism on steroids’

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 Independent UK · Sep 26, 2022

Kwarteng faces massive market turmoil after disastrous day for sterling

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 Independent UK · Sep 26, 2022

U.K. tax cut proposals reverberate across markets

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

Axios · Sep 26, 2022

Personal and corporate insolvencies on the rise

IInsolvency Trade body R3 said said the rise

Birmingham Post · Sep 26, 2022

Tax-cut plan pulls British pound to 40-year low against US dollar

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

Al Jazeera · Sep 26, 2022

Tax cut plans pull British pound to 4 decade lows

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

The Independent UK · Sep 26, 2022

Pound hits all-time low against dollar and is now worth just $1.03 after Mini-Budget

The pound plunged to a record $1.03 low against the US dollar this morning as international markets continued to reject Kwasi Kwarteng's tax-cutting Mini-Budget

Daily Mirror · Sep 26, 2022

Why the ‘Barber boom’ that Kwasi Kwarteng’s mini-budget recalls was destined for disaster

A reckless dash for growth is nothing new. Ted Heath’s chancellor Anthony Barber tried one in 1971, but it didn’t turn out well

The Guardian - UK · Sep 25, 2022

Beto O’Rourke says US guest-worker program would help slow inflation

Beto O’Rourke, the Democrat running for Texas governor, said his plan for a guest-worker program would help slow inflation and alleviate a worker shortage that plagues agriculture and other U.S. industries.

Tribune News Service · Sep 24, 2022

Shifting into the new equilibrium

From our point of view, the global economic landscape in the fourth quarter will be very important. We believe that the coming quarter will bring a shift in the global economic picture to a new equilibrium.

Bangkok Post · Sep 23, 2022