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The Latest Breaking News on Economy

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.

International Business Times

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.

AAP

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

The Guardian - UK

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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.

Kiplinger

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.

Evening Standard

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

The Guardian - UK

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.

AAP

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Private sector employment falling at fastest rate since the pandemic

Business survey points to very slow growth in output in February

Evening Standard

Will be Budget of prosperity": UP Minister OP Rajbhar asserts state's rapid growth

As the Uttar Pradesh Budget session for 2025-26 commenced, Minister Om Prakash Rajbhar on Tuesday asserted that the state would progress more rapidly on the path of development. Read further on Dynamite News:

Dynamite News

Insolvencies rise in England and Wales amid economic pressures; Lib Dem MP to appeal approval of Thames Water debt restructuring plan – as it happened

Rolling coverage of the latest economic and financial news, as plans to restructure Thames Water are approved by a High Court judge

The Guardian - UK

Tight jobs market to keep inflation above target: RBA

The Reserve Bank of Australia has pushed back its prediction for when underlying inflation will return to the midpoint of its target band.

AAP

UK Economy Picks Up Ahead Of US Tariff Risks

Gross domestic product expanded 0.1 percent in the October-December period after zero growth in the third quarter of 2024, the Office for National Statistics (ONS) said in a statement.

Latin Times

Sonic the Hedgehog boost for Reeves as UK economy unexpectedly returns to growth

Release of blockbuster much as Mafusa: The Lion King, Sonic the Hedgehog 3, and A Complete Unknown help boost growth in December .

Evening Standard

Labour will not release long-awaited industrial strategy until June

Strategies for life sciences to be published earlier but broader report expected in June

The Guardian - UK

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AAP

Business lobby backs tax boost to bolster productivity

The Business Council of Australia has called for the federal government to hand all companies a 20 per cent investment allowance in the upcoming budget.

The Independent UK

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

AAP

Treasurer courts business with productivity promises

Helping businesses leverage clean energy and AI will transform Australia to its "fourth economy" and improve productivity growth, Treasurer Jim Chalmers says.

Dynamite News

"A band-aid for bullet wounds, government bankrupt of ideas": Rahul Gandhi slams union budget

Congress leaders have slammed the budget. "A band-aid for bullet wounds! Amid global uncertainty, solving our economic crisis demanded a paradigm shift. Read further on Dynamite News:

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Dynamite News

Cabinet approves budget 2025

The Union Cabinet, chaired by Prime Minister Narendra Modi on Saturday ascended the Budget for the year 2025 ahead of its presentation in the Parliament. Read further on Dynamite News:

The Guardian - UK

Labour warned tough laws against people smugglers in new bill could penalise asylum seekers – UK politics live

Refugee Council says ‘many refugees themselves could also be prosecuted’ under proposals

International Business Times

German Industry Sounds Alarm As Government Cuts Growth Forecast

The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms.

The Independent UK

Germany's government slashes its economic growth forecast for this year to 0.3%

Germany's government has slashed its 2025 growth forecast for the country’s economy, Europe’s biggest, to just 0.3% after it shrank for two consecutive years

The Independent UK

What do Rachel Reeves’ plans for growth mean for the economy?

As the Chancellor announces a raft of policies to boost economic growth, PA news agency explains what that means in real terms.

Evening Standard

Starmer vows to clear ‘regulatory weeds’ ahead of Reeves growth speech

Writing in The Times, Prime Minister Sir Keir Starmer criticised the ‘morass of regulation that effectively bans billions of pounds’ of investment.

Dynamite News

Budget Session: President Murmu to address both Houses on January 31

The Budget Session will be in two phases. The first part of the Budget session will begin on January 31, with the Union Budget on February 1, and conclude on February 13. Read further on Dynamite News:

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