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The Latest Breaking News on Economy

Australia’s tax take is higher – but so are debt and deficit in this year’s budget

Higher-than-expected revenue has put the economy in a stronger position than last year and is helping fund pre-election policies including tax cuts

The Guardian - AU

Labor defies criticism to add 3,400 public service roles

Katy Gallagher says staffing increases are necessary and an ‘investment in the future’

The Guardian - AU

Budget fundamentals smashed as storms cloud outlook

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

AAP

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Workers to benefit as wages growth outpaces inflation

The outlook for wages is improving as inflation falls, growth picks up and clauses stopping workers moving to higher pay jobs are ditched.

AAP

Chalmers delivers 2025 budget speech – as it happened

This blog is now closed

The Guardian - AU

Bank of England governor calls for co-operation amid tariff war

Andrew Bailey was speaking after the Bank voted to hold interest rates last week while policymakers assess the impact of US trade tariffs.

Evening Standard

Budget week to bring inflation, cost-of-living news

The Albanese government will look to further ease cost-of-living pressures without adding to inflation when it delivers its fourth budget.

AAP

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Troubled UK statistics agency warns of errors in its growth figures

ONS, already working on fixing a survey, uncovers problems with two indices used to measure prices in economy

The Guardian - UK

Why shock drop in jobs won't shift RBA rate cut bets

Fewer older Australians returned to work in February, driving a surprise fall in jobs and workforce participation but the labour market remains tight overall.

AAP

Expect a lot of talk about Australia’s deficit, but remember the golden rule: budgets are always about choices

The world trade system, and our ability to trust our biggest defence ally, is all gone to hell. What will Labor prioritise in the 2025 federal budget in such an uncertain global environment?

The Guardian - AU

Bank Of Japan Holds Rates, Warning Of Trade Uncertainty

The Bank of Japan left its key interest rate unchanged Wednesday in a widely expected move given the global economic uncertainty fuelled by US trade tariffs.

International Business Times

Bank Of Japan Expected To Hold Rates

The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision, with analysts pointing to economic uncertainty fuelled by US trade tariffs.

International Business Times

Treasurer Chalmers promises ‘meaningful and substantial’ cost of living help in Tuesday’s budget

Next week’s budget will have cost-of-living assistance that will be meaningful and substantial but “responsible”, Treasurer Jim Chalmers has said.

The Conversation

Treasurer to tighten belt in 'few surprises' budget

Treasurer Jim Chalmers has hosed down speculation of a major upgrade to forecast revenue and warned of "few surprises" on budget night.

AAP

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The National (Scotland)

UK media blasted for branding economic decline under Labour 'unexpected'

MAINSTREAM media platforms have come under fire for describing the UK economy shrinking as "unexpected" ...

The National (Scotland)

UK economy shrinks in first month of 2025 in setback for Rachel Reeves

The UK economy has shrunk in the first month of 2025 in a setback for Chancellor Rachel Reeves ...

The Guardian - UK

Shrinking economy offers unhelpful backdrop for Rachel Reeves’s growth push

GDP goes in wrong direction as chancellor puts final touches to fiscal plans

International Business Times

UK Economy Unexpectedly Shrinks In January In Blow To Govt

Britain's economy unexpectedly shrank in January, official data showed Friday, piling more pressure on the Labour government ahead of its Spring Statement on the economy.

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International Business Times

S.Africa Revised Budget Gets Booed Despite Smaller Tax Hike

South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government.

AAP

Leading economists call out coalition's inflation claim

As the economy looks set to be front and centre in the election campaign, one of the coalition's leading inflation claims has been called "a joke" by experts.

The Guardian - UK

Firms hold back on hiring amid ‘significant cost rises’, surveys say

KPMG/REC report shows decline in people being placed in roles continues, while unemployment is rising, says BDO

Kiplinger

Mixed Jobs Report Offers Relief for Now: What the Experts Are Saying

The February employment figures were rough around the edges but largely met expectations.

Evening Standard

Chancellor could have to break one annual fiscal event commitment – experts

The Chancellor will deliver a statement on March 26 in response to the latest forecast from the budget watchdog.

The Guardian - UK

UK awarded its lowest ranking for workplace gender equality in a decade

‘Sluggish’ pace in tackling gender pay gap and worsening employment levels push UK back to 18th in PwC index of OECD countries

AAP

Reasons for struggling productivity growth revealed

Inefficient use of resources and a lack of new ideas have contributed to Australia's declining productivity growth, the Productivity Commission says.

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