The Latest Breaking News on Economy

UK unemployment is lowest since 1974 but workers face pay squeeze

Winter likely to be among the toughest in living memory as inflation fuels cost of living crisis

The Guardian - UK · Sep 13, 2022

New chancellor tells Treasury to aim for growth not seen since 2008 crash

Kwasi Kwarteng demands annual 2.5 per cent rise, after Liz Truss blamed Treasury ‘orthodoxy’ for UK’s feeble economic record

The Independent UK · Sep 13, 2022

Number of people in UK with long-term sickness rose to record 2.5m in July

Almost 400,000 have exited jobs market with long-term health problems since early 2020, ONS says

The Guardian - UK · Sep 13, 2022

UK ‘still at risk of recession’ despite July rebound; markets lifted by Ukraine’s advances – business live

UK economy expanded by 0.2% in July, less than hoped, with growth driven by customer-facing services such as the sports and recreation sector

The Guardian - UK · Sep 12, 2022

Yellen hopeful economy will avoid recession, but says inflation needs to be tamed

WASHINGTON — Treasury Secretary Janet Yellen said she remains hopeful the U.S. economy can avoid recession, but added that Americans understand the need for the Federal Reserve to conquer inflation.

Tribune News Service · Sep 11, 2022

Fragile state of UK economy scrutinised as nation mourns

GDP, inflation and retail sales figures due to be released over next few days

The Guardian - UK · Sep 11, 2022

Central bankers talk tough, but they can’t fight inflation like this

Raising rates has no effect when the things that are rising in price the fastest, such as fuel and food, are essential purchases

The Guardian - UK · Sep 10, 2022

Inflation shows no sign of slowing down in America and interest rate hikes will likely continue, warns top US economist

Loretta Mester is one of the 12 people who determine the official interest rate in the United States, and she has a grim warning for American households already struggling to pay their bills.

ABC News · Sep 9, 2022

Ukraine needs ‘radical’ reform to sustain war effort, warn economists

Anti-corruption measures and progressive taxes among actions recommended by leading academics

The Guardian - UK · Sep 9, 2022

ECB makes biggest rate hike in eurozone history lifting rates by 0.75%

European Central Bank intensifies its fight against inflation but euro falls under parity with the dollar

Evening Standard · Sep 8, 2022