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The Latest Breaking News from Economy

This Labour budget is austerity by another name

Letters: Politicians including Jeremy Corbyn and MPs from the Green party and Plaid Cymru respond to the chancellor’s plans. Plus a letter from Peter Riddle

The Guardian - UK

Labour can’t properly rebuild our economy outside the single market

The Guardian - UK

Why the chancellor’s plan to unlock billions of pounds of government investment is such a gamble

Perhaps the most important long-term change announced in the first Labour budget are the new rules the government has set itself to fund the expansion of public services and increase public investment. These fiscal rules, which set out how much the government can borrow and spend, are seen as critical…

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Tito Mboweni obituary

Leading figure in Nelson Mandela’s ANC government who helped transform South Africa’s economy

The Guardian - UK

Nevada is in a profound economic rut. Its working-class voters could swing the election

Workers have been struggling to keep up with rising costs. Trump and Harris are hyper-focused on winning them over

The Guardian - US

Trump's Deportation Plan Could Expel 1 Million Floridians and Threat State's Economy, Report Warns

A study by the American Immigration Council (AIC) detailed that Florida could face billions in losses and labor shortages if Trump's mass deportation plan proceeds.

Latin Times

What does the Air Passenger Duty increase mean for cheap flights?

Plane passengers will pay £2 more tax on the cheapest short-haul seats from April 2026

The Independent UK

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Yes, Bidenomics is working here in Pennsylvania. But maybe not enough to win the White House

As a steelworker, I know how hard people are struggling – and I fear that next week they may fall for Trump’s simple answers, says local mayor JoJo Burgess

The Guardian - UK

Fear, hope and the economy: what is motivating Americans as they decide who to vote for – podcast

Amid deep political polarization and extreme campaign rhetoric, the U.S. presidential election on November 5 is likely to be decided by a small number of voters in swing states such as Pennsylvania and Michigan. But why is it so close?

The Conversation

Stocks Plunge Before the Open as Microsoft and Meta Weigh on Sentiment, U.S. Inflation Data and Earnings in Focus

December S&P 500 E-Mini futures (ESZ24) are down -0.77%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -1.09% this morning as investors digested quarterly earnings reports from Microsoft and Meta as well as robust U.S. economic data that muddied the outlook for Federal Reserve rate cuts.

Barchart

Thursday briefing: What you need to know about Rachel Reeves’s plans for the economy

In today’s newsletter: They spent weeks bracing the country for ‘tough decisions’, but in Labour’s first budget in 14 years, the chancellor adopted a slightly more optimistic tone

The Guardian - UK

Stock market today: Asia shares decline as investors await earnings, US elections and economic data

Asian shares are mostly declining amid uncertainty ahead of the United States presidential election next week

The Independent UK

Gen Z and young millennial employees are missing the equivalent of one day’s work every week due to mental health

That's costing the British economy a staggering $176 billion.

Fortune

Reggaeton singer Nicky Jam retracts Trump endorsement, says Puerto Rico deserves respect

The ‘Hasta el Amanecer’ singer explained that he had originally supported Trump because he ‘believed it was what’s best for the economy’

The Independent UK

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The Guardian - UK

UK’s Labour just unveiled its first budget in 14 years – what is in it and will it work?

Chancellor’s solutions to improving economy and public services will be a radical change for country

The Independent UK

Will Rachel Reeves’s borrow-and-spend Budget actually work?

ANALYSIS: Business will bear the burden of this Budget, so the chancellor must hope it delivers a better economy, says Howard Mustoe

Evening Standard

OPINION - Rachel Reeves's Budget ignored London — that may prove a costly mistake

This was a Budget written in London, delivered in London, but almost totally ignored the region that drives the British economy. Rachel Reeves made only one mention of London — about par by recent standards — in her 77-minute speech, compared with five references to Manchester and Scotland, three to…

Fortune

You may not know it, but Kamala Harris is a champion for entrepreneurs

As Vice President, Harris has often been the point person for the Biden White House’s minority and women-owned business initiatives.

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Newcastle Herald

Supreme Court asked to intervene Newcastle Harbour blockade application

Supreme Court to NSW Police case against harbour blockade.

The National (Scotland)

Brexit continues to have 'devastating' effect on UK economy, OBR warn

BREXIT is continuing to have a “devastating” effect on the UK’s trade as a new report forecasts a long-term decrease in the economy due to…

The Walrus

Canada’s Casinos: Are They Still Fueling the Entertainment Economy and Boosting the Jobs Market?

Canada’s casino industry adapts, balancing post-pandemic challenges, online gaming, and new venues

The Guardian - UK

OBR says budget unlikely to lift economic growth over next five years

Forecaster says extra spending revealed by Rachel Reeves will give only a short-term lift to economy

The Conversation

What Labour’s first budget means for wages, taxes, business, the NHS and plans to grow the economy – experts explain

For the first time in 14 years, it was a Labour chancellor who delivered the UK budget. And for the first time ever, that chancellor was a woman. But Rachel Reeves faces an almighty task: plugging a £40 billion spending gap in the knowledge that pre-election promises not to raise…

The Guardian - UK

Is this the budget Britain needs? Our panel responds

In Labour’s first budget for almost 15 years, Rachel Reeves has unveiled tax rises and promises of investment in public services

Evening Standard

UK economic growth upgraded this year amid ‘temporary boost’ from spending

The Office for Budget Responsibility has predicted that UK gross domestic product will grow by 1.1% in 2024.

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