The Latest Breaking News on Economy

Two-thirds of UK’s top restaurants in the red after Brexit, Covid and inflation

Meanwhile £700m of support funds in business rates relief remains unpaid by local councils

The Guardian - UK · Aug 7, 2022

Sri Lanka syndrome: Is Bangladesh out of danger?

With global inflation rising and the fear of fuel and food crises looming large, clouds are gathering on the economic horizon of South Asian countries. Sri Lanka in particular remains mired in a crisis driven by a mix of high indebtedness, soaring inflation and poor economic management.

Bangkok Post · Aug 7, 2022

'Time for Starmer to step up as Truss nears No10 on brink of economic catastrophe'

The Labour leader must paint deep red lines between Labour and the Tories as both Liz Truss and Rishi Sunak appear unwilling to stand up for victims of the cost of living crisis, argues Kevin Maguire

Daily Mirror · Aug 7, 2022

Brexit will make a bad recession even worse. But Sunak and Truss won’t question it

The Tory leadership contenders are pursuing a dangerous nirvana of low taxation while ignoring the damage inflicted by leaving the EU

The Guardian - UK · Aug 7, 2022

Nicola Sturgeon accused of 'failing to grasp working poverty epidemic' set to hit Scots

The First Minister has been warned the cost of living crisis will engulf Scotland without action.

Daily Record · Aug 7, 2022

Former PM Gordon Brown demands emergency budget before ‘financial timebomb’

A new report commissioned by Mr Brown suggested Government measures fell well short of addressing households’ needs.

The Independent UK · Aug 7, 2022

What is a recession? How can you know if the economy is in a recession?

The US has gone through 34 recessions since 1857. Thirteen of those occurred after World War II.

USAFacts · Jul 28, 2022

Families already worried about cost of Christmas as inflation reaches 40-year high

People will prioritise gifts people need rather than want

The Independent UK · Jul 25, 2022

First-time buyers face increasingly impossible housing ladder task

Rightmove says both new entrants and current renters ‘chasing a fast-moving’ property target

Evening Standard · Jul 24, 2022

Supercar sales accelerate in the UK

Low-cost finance and a ‘you only live once’ attitude behind 19% rise in the likes of Ferraris, Lamborghinis and Maseratis, say market analysts

The Guardian - UK · Jul 24, 2022