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The Latest Breaking News from Economy

Gaza’s once-growing economy is nearing total collapse

Gaza is going through one of the most severe economic collapses the world has seen in modern times. According to a UN report published in late November, the average income per person there is now just US$161 (£122) a year. Before 2007, when Israel imposed a blockade of Gaza after…

The Conversation

BoE Eases Bank Capital Requirements for the First Time Since 2008—What It Means for You

The Bank of England has eased bank capital rules for the first time since 2008. Here's what it means for borrowing, savings and the wider economy.

International Business Times UK

Australian economy builds as investment roars back

Australia's economic growth rate came in below market expectations, but a strong domestic pulse shows the economy is in good shape.

AAP

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Government to allow flat rate tourist tax

The visitor levy gives councils the power to tax stays in hotels and other accommodation.

The Independent UK

The trade war was never going to fix our deficit

Trump's tariffs won't alter the trajectory of our national debt or entitlements. For the economy's sake, the Supreme Court should end this abuse of power.

Fortune

Despite US trade war, EOCD expects global economy will grow 3.2% this year

The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and U.S. economic growth this year

The Independent UK

African land policy reforms have been good for women and communities – but review of 18 countries shows major gaps

Land tenure is the relationship, defined in law and customs, that people as individuals or groups have with land. It involves a bundle of rights to land, such as the right to use, sell, or bequeath land. Secure tenure is crucial for people to have secure homes, for food production,…

The Conversation

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Americans Feel Bleak Despite Strong Economy — Here's Why

American consumers are seriously depressed, even as key economic data looks solid. A surprisingly deep gloom now dominates U.S. households, even as unemployment, inflation and wage trends suggest households should feel stronger than they have in years.

Benzinga

8 Financial “Rules” Boomers Swear By That Are Actually Useless Now

Money habits that shaped one generation do not always hold up in a different economy. Some boomer financial rules worked in an era of cheap housing, stable jobs, and predictable returns. That era is gone. Costs shifted, wages stagnated, and risk moved from institutions to individuals. When old guidance lingers,…

The Free Financial Advisor

Labour now less trusted on the economy than Liz Truss, damning new poll finds

Asked who they would trust with the economy, 10 per cent of people said Labour – fewer than those who said they would trust Liz Truss

The Independent UK

AI bubble a "key downside risk" to U.S. economy, report warns

The OECD expects growth to slow and inflation to rise in the U.S. next year.

Axios

Stock Index Futures Gain as Investors Recover Risk Appetite

December S&P 500 E-Mini futures (ESZ25) are up +0.27%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.39% this morning, signaling a rebound from yesterday’s sell-off on Wall Street as investor risk appetite gradually returns at the start of December, a period that has historically been strong for markets.

Barchart

OBR confronted Treasury about ‘unhelpful’ policy leaks before Reeves’ Budget

The economy watchdog forced to deny being ‘at war’ with Treasury after row over state of Britain’s public finances

The Independent UK

UK growth facing headwinds from tax hikes and spending cuts – OECD

The OECD said growth will slow to 1.2% next year, before edging up to 1.3% in 2027, with ‘substantial’ downside risks from fiscal tightening.

Evening Standard

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The Guardian - UK

OECD warns Reeves higher taxes and spending restraint will limit consumer expenditure

UK economy will grow faster than France, Germany and Italy but slower than US next year, report predicts

The Independent UK

Fresh blow for Reeves as Labour’s anti-migration policies blamed for sluggish UK growth

Less than a week after her controversial Budget, Rachel Reeves has been warned that tax hikes and spending cuts will pile pressure on the UK economy in next two years

The Guardian - AU

Age of the ‘scam state’: how an illicit, multibillion-dollar industry has taken root in south-east Asia

Like the narco-state, a ‘scam state’ refers to countries where an illicit industry has dug its tentacles deep into institutions and transformed the economy

The Conversation

Why economic insecurity – not immigration – should be Labour’s top electoral priority

The autumn 2025 budget came at a crucial time for the Labour government. With their popularity at record lows, how Labour continues to manage the economy is key for its prospects at the next election.

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inkl

Why Premium Cabin Travel Is Becoming More Affordable

For a long time, stepping into a business class cabin felt like entering a different world — a quieter one with wide seats, real cutlery, and the promise of finally getting a few hours of sleep on a long flight. It certainly wasn’t something most travelers ever expected to buy…

The Guardian - UK

How the standoff between Rachel Reeves and the OBR unfolded

Treasury’s independent economic forecaster says outlook for economy rosier than chancellor led everyone to believe

The Independent UK

Karl Rove’s stark warning to Republicans of ‘deep trouble’ ahead of midterms

Karl Rove warned the Big, Beautiful Bill failing to have immediate benefits, as Trump said it would, has damaged the party

The Guardian - UK

Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds’ scandal

Banks accused of ‘organisational deficiencies’ relating to scam that crashed Mozambique economy nearly a decade ago

The Independent UK

Here's why everyone's talking about a 'K-shaped' economy

References to the “K-shaped economy” are rapidly proliferating

International Business Times UK

New International Student Enrolments in US Colleges Drop 17% Amid Immigration Policies, Costing the Economy Over $1B

International student enrolments at US colleges declined sharply in 2025 due to visa restrictions and policies, leading to significant economic losses and job reductions nationwide.

The Independent UK

UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy

British Prime Minister Keir Starmer has defended his Treasury chief Rachel Reeves against claims she misled the public about government finances before last week's tax-hiking budget

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