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The Latest Breaking News from Economy

Voices: What is the cost to the economy of Israel’s attack on Iran?

COMMENT : Oil prices jumped on the news of the extraordinary attacks, posing the risk of inflation, while gold surged and share prices fell. So far, so familiar, writes James Moore – but there’s a reason investors should hold their nerves

The Independent UK

Overturning miscarriages of justice and boosting local businesses – the power of real-world university learning

Northumbria University’s hands-on approach to learning is providing highly skilled graduates for the workforce and helping to drive the region’s economy

The Guardian - UK

Consumer sentiment rose in June for 1st time this year as inflation remains stayed tame

Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China

The Independent UK

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Why Some People Stay Broke on Purpose—And Don’t Even Know It

It’s easy to blame external circumstances for financial hardship, such as low wages, high rent, and inflation. But for some, the biggest obstacle to wealth isn’t the economy. It’s themselves. Many people unknowingly engage in self-sabotaging behaviors that keep them broke. It’s not because they want to be poor, but…

Thousandaire

Voices: ‘Tax the rich first’: Readers demand fairer burden as Reeves faces fiscal squeeze

YOUR VIEWS: Our community overwhelmingly believes that to tackle the UK’s economic challenges fairly, the wealthy must pay their share through higher taxes and reforms, while calling on the government to move beyond austerity and provide clear, responsible funding plans

The Independent UK

Biosecurity boost in move to protect powerhouse sector

A new $140 million biosecurity package has been announced in an attempt to protect a sector that is delivering $20 billion to the economy each year.

AAP

Dublin is the only large European capital without a metro: what would Leopold Bloom make of that?

In James Joyce’s Ulysses, the city’s most famous fictional resident was as frustrated by its transport links in 1904 as many of us are today, says professor of political economy Dermot Hodson

The Guardian - UK

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Workers need better tools and tech to boost productivity. Why aren’t companies stepping up to invest?

As Prime Minister Anthony Albanese and Treasurer Jim Chalmers turn their attention to improving productivity growth across the economy, it will be interesting to see what the business community brings to a planned summit in August.

The Conversation

Passenger removed from American Airlines flight for ‘moving a flight attendant’s carry-on bag’

The carry-on drama unfolded after travel blogger JT Genter moved a flight attendant’s bag on a flight from New York City to Heathrow

The Independent UK

Stocks mixed amid GDP miss and fresh trade worry

The UK economy fell at a faster pace than expected in April, numbers on Thursday showed, as services output slumped.

Evening Standard

The UK’s small businesses should be fuelling the country’s growth ambitions. Here’s why that’s not happening

The UK government’s spending review has set out its priorities for the next three years. But behind the rhetoric about boosting growth lies growing concern about small businesses being locked out of the wider UK economy. Government funding and regulation are increasingly out of step with the reality of micro-enterprises…

The Conversation

Dollar slides to three-year low while FTSE 100 hits record high

Investors turn away from weakening US economy and erratic policy after Trump repeats tariff threats

The Guardian - UK

Jamie Dimon says inflation will go up and employment will shift down as economy ‘deteriorates’ amid shifting ‘tectonic plates’

Jamie Dimon says there’s no point looking at consumer sentiment for a hint on the economy. Analysts will have to wait for the real data to trickle through.

Fortune

How to get along when college grads move back home with parents

A shaky economy

The Independent UK

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Space

An entrepreneur wants to build a giant net to catch spacecraft landing on the moon, but can it be done?

This novel idea could become an important piece of a future moon economy.

The Conversation

The deteriorating justice system in England and Wales is hindering economic growth

The Labour government has made economic growth its top priority, committing to planning reforms, business partnerships and millions of pounds of investment in science and technology.

The Conversation

Federal R&D funding boosts productivity for the whole economy − making big cuts to such government spending unwise

Large cuts to government-funded research and development can endanger American innovation – and the vital productivity gains it supports.

The Independent UK

Tax hikes ‘almost certainly’ to come if economy worsens, IFS says

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The Independent UK

Voices: First the spending review, now the economy – what else lies in wait for Rachel Reeves?

COMMENT: Official figures showed UK plc plunged into the red in April, contracting by 0.3 per cent. There is no sugarcoating how bad a result that is for the chancellor, writes James Moore

Fortune

World Bank warns the global economy is barreling toward its weakest decade in 50 years

The World Bank cut growth forecasts for 70% of global economies.

The Independent UK

Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves

Institute for Fiscal Studies suggests Treasury is ‘making up the numbers’ as it warns council tax will rise at fastest rate in a generation

The Independent UK

Rachel Reeves fails to rule out future tax rises as economy shrinks

However, the Chancellor repeated her promise that she would not need to increase taxes on the same scale as last year.

Euronews

UK economy contracts sharply in April: Will the BoE respond?

UK GDP shrank 0.3% in April, the sharpest drop since October 2023, led by declines in services and manufacturing. Labour market data weakened, fuelling speculation of a Bank of England rate cut in August as recession fears grow.

The Guardian - UK

UK politics: Reeves only a ‘gnat’s whisker’ from having to raise taxes in autumn, says IFS – as it happened

Institute for Fiscal Studies says Treasury figures for projected efficiency savings are not credible

Evening Standard

Economy shrinks by more than expected amid record fall in exports to the US

Exports to America fell at the fastest pace on record, down £2 billion in April, according to the ONS.

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