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The Latest Breaking News from Economy

Income tax hike of at least 2p likely needed to plug Budget hole, warns Niesr

The economic think tank said the Chancellor needed to make ‘brave choices’ at the upcoming November 26 Budget.

Evening Standard

UK economy ‘bleeding out’ with brain drain in science and tech, peers warn

The Science and Technology Committee said Britain should be ‘rolling out the red carpet rather than red tape’ for highly skilled professionals.

Evening Standard

The Grocery Aisle That Shows Exactly How the Middle Class Disappeared

The American middle class, once the powerful engine of the economy, is shrinking. This “hollowing out” of the middle is not just an abstract economic theory. It is a reality that you can see for yourself in the aisles of your local grocery store. The ice cream aisle, in particular,…

Grocery Coupon Guide

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Automation to Trust: The New Currency of Growth

In an AI‑driven economy, where every release carries risk, it is engineering leadership that turns that risk into resilience.

International Business Times

University still pays off – even in lower-wage Britain

In the upcoming budget, Chancellor Rachel Reeves is expected to raise the minimum wage to £12.70 an hour: £26,416 annually for a full-time job. This means that the gap between salaries for minimum wage jobs and those for professional jobs that require a degree is shrinking fast.

The Conversation

Stubborn workplace racism sparks call for major inquiry

From exploiting migrants to hindering careers, persistent workplace racism prompts calls for an inquiry similar to the national probe into sex discrimination.

AAP

Goldman Sachs CEO debunks AI job replacement hysteria, saying humans will adapt like they always do: ‘Our economy is very nimble’

“There will be disruption. But I’m a big believer that our economy is very nimble, very flexible,” said David Solomon.

Fortune

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Tariffs, Inflation, Uncertainty, Oh My: How to Feel Less Stressed About Finances Now

Tariffs, high prices and an uncertain economy getting you down? These steps can help.

Kiplinger

Reeves wants to talk about the budget, but she’s taken a vow of white noise

Exclusive: It must be tough overseeing Schrödinger’s economy, fixing the foundations while also failing to fix them

The Guardian - UK

Social work is a serious profession – why not youth work? What South Africa needs to get right

About 3.5 million South Africans aged 15-24 are disengaged from the formal economy and education system. In the first quarter of 2025, 37.1% of young people were not in employment, education, or training.

The Conversation

10 Mobile Apps That Collect Far More Than Location

You probably already know your phone is tracking your location—but what if that’s just the tip of the iceberg? In the era of “free” apps, your personal data is the real product. Every time you grant an app access to your microphone, camera, or contact list, you’re opening the door…

Everybody Loves Your Money

Economy, Not Immigration, Tops Latino Voter Concerns Ahead of 2026, New Poll Finds

A new national survey has found that economic pressures — not immigration — are shaping Latino political attitudes heading into the 2026 midterms.

Latin Times

There is a thriving shadow economy in Britain – but migrants are not to blame

Labour is desperately trying to mimic Reform’s line on the cash economy, says former policy adviser Emily Kenway

The Guardian - UK

Kevin O'Leary Warns Longest Shutdown Will Halt Economy

Billionaire investor and "Shark Tank" star Kevin O'Leary urged both parties to resolve the federal shutdown before it topples key services, warning that a closure matching the longest in U.S. history would send economic shockwaves "from the IRS to TSA."

Benzinga

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AAP

Jump in forecast inflation clouds interest rate hopes

More rate cuts are looking increasingly unlikely as the Reserve Bank concedes it underestimated inflationary pressures that persist in the economy.

The Independent UK

Rachel Reeves to pave way for tax rises in pre-Budget speech

Chancellor’s address to come after weeks of expectation management as she scrambles to fill £50bn black hole

The Independent UK

Tax rises at Budget ‘inevitable’, think tank with close Labour links claims

The Resolution Foundation however suggested there was a way to implement tax rises which ‘boosts confidence in the economy and the public finances’.

Benzinga

A Dave Ramsey Caller Is Losing His High-Paying Job In December, Yet He's In A Position Most People Dream Of. 'This Is Just An Inconvenience'

On a recent episode of “The Ramsey Show,” a caller named Michael from Boston shared that he's about to lose his $160,000-a-year job in product management and a 20% annual bonus. His company is letting him go at the end of the year. Normally, this kind of news would send…

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Fortune

Both subprime and super prime loans are on the rise, signs of a K-shaped economy that is a ‘prescription for real trouble’

TransUnion found the share of subprime borrowers last quarter grew to 14.4%, the highest since 2019.

GOBankingRates

I’m a Financial Planner: Here’s How My Clients Are Protecting Their Wealth in Trump’s Economy

GOBankingRates spoke to Thomas Jarecki at KeyBank to share how his clients are protecting their wealth in Trump's economy

The Guardian - UK

UK economy ‘doomed’ under Labour, says Ryanair chief

Michael O’Leary says Rachel Reeves needs tax cuts to create growth, as airline’s profits jump 42% in first half

Benzinga

Scott Bessent Admits Parts Of US Economy Are In Recession, Says Overall Still In 'Good Shape'

Treasury Secretary Scott Bessent blamed the current state of the economy on Federal Reserve policies and attributed high inflation to high government spending during the COVID era, which the Trump Administration is cutting.

Benzinga

Ron DeSantis Slams 'Too Big To Fail' Label For OpenAI: The Company 'Hasn't Yet Turned A Profit' Amid Deep Ties To Big Tech

Gov. Ron DeSantis (R) expressed concerns regarding OpenAI’s critical importance to the economy and the broader tech ecosystem.

The Independent UK

Ukraine-Russia war latest: UK sends Kyiv more Storm Shadows after Trump accuses Putin of secret nuclear tests

US president says Russia is testing nuclear weapons 'underground' and threatening to expand to other forms

Fortune

It’s getting harder to separate the stock market from the economy. That means the Fed and Congress have more incentive to help Wall Street

A $1 increase in stock wealth leads to a $0.05 marginal propensity to consume, up from less than $0.02 in 2010, according to Oxford Economics.

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