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The Latest Breaking News from Economy

'A new era of austerity': Rachel Reeves slammed over £14bn cuts package

THE Chancellor has been asked to “tap up multi-millionaires for a few quid” to balance the nation’s books instead of cutting benefits for…

The National (Scotland)

Spring statement 2025 summary: Key takeaways from benefit cuts to tax crackdowns

As the chancellor was forced to deliver a brutal spring statement due to the flatlining economy, The Independent looks at what cuts Rachel Reeves rolled out

The Independent UK

Forbes hails ‘strong start to the year’ after economy grew 0.3% in January

The Deputy First Minister welcomed the figures ‘in the context of global economic uncertainty’.

Evening Standard

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Scotland economy outperforming UK as whole, new figures show

SCOTLAND recorded an increase in GDP at the start of 2025 while the UK as a whole saw the economy contract, according to new figures ...

The National (Scotland)

Erdogan accuses the opposition of wrecking Turkey's economy during protests over mayor's jailing

Turkey’s president has accused the political opposition of “sinking the economy” during the country’s largest protests in more than a decade

The Independent UK

Spring statement in full: Watch Rachel Reeves announce benefits cuts and £2.2bn defence boost

Watch as Rachel Reeves delivers her spring statement on the state of the UK economy on Wednesday, 26 March.

The Independent UK

The Spanish economy grew 3.2% in 2024: Why is it outperforming peers?

Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting this outperformance to continue through 2025.

Euronews

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UK inflation slowed to 2.8% in February, fuelling hopes of a rate cut

The better-than-expected inflation figure comes as a relief to the economy as it faces the looming threat of stagflation: high inflation coupled with low output.

Euronews

Politics with Michelle Grattan: Jim Chalmers and Angus Taylor on tax top-ups and budget bottom lines

As the election starter’s gun is about to be fired, Tuesday’s budget announced modest income tax cuts as the government’s latest cost-of-living measure. The Coalition has opposed the tax relief, with Peter Dutton’s Thursday budget reply to put forward his policy counters on the cost of living.

The Conversation

Tackling climate crisis will increase economic growth, OECD research finds

Third of global GDP could be lost this century if climate crisis runs unchecked, says report

The Guardian - UK

Stock market today: Asian markets make modest advance after a slow day on Wall Street

Asian markets are mostly higher after Wall Street followed up one of its best days of the last year with a quiet day of trading

The Independent UK

US consumer confidence plunges to four-year low in latest blow to economy

Americans are expecting inflation and a recession

The Independent UK

Asian Stocks Rise On Trade Optimism, But US Policy Uncertainty Lingers

Lingering hopes that Donald Trump's planned tariff blitz next week will not be as painful as feared helped lift Asian markets Wednesday, though uncertainty about the president's policies and the US economy tempered optimism.

International Business Times

Smoke-free nation will ‘boost jobs and the economy’ – report

The report was published as MPs prepare to vote on the Tobacco and Vapes Bill.

The Independent UK

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The Independent UK

Reeves admits ‘further and faster’ action is needed to kickstart growth

Before the statement, the Office for Budget Responsibility will publish its forecast on the UK economy, which is widely expected to slash its forecast for economic growth

The Independent UK

What to expect from Rachel Reeves’ spring statement

Chancellor Rachel Reeves will give an update on her plans for the UK economy in her spring statement on Wednesday, 26 March.

Fortune

Tesla bull Cathie Wood says it isn’t just Elon Musk’s politics that are causing Tesla’s ‘demand hit.’ It’s also a bad economy

Earlier this week, Wood issued a major bull call on Tesla, expecting its stock to rise roughly 10 times over the next five years.

The Conversation

Uganda’s lions in decline, hyenas thriving - new findings from country’s biggest ever carnivore count

For nearly 15 years almost no information was available on the population status of Uganda’s large carnivores, including those in its largest national park, Murchison Falls. These species represent a critical part of Uganda’s growing tourism economy. The country is home to the famed tree-climbing lions, which are much sought…

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The Conversation

Polarisation: poor countries disagree over the economy, richer countries on social issues – new findings

It is hard nowadays to find topics on which people agree. Ironically, though, all agree on one point: that disagreement has reached peak levels. People are united in recognising that society has become polarised.

The Independent UK

Britons cutting back on everyday spending due to gloomy outlook on ‘worsening’ UK economy

The Consumer Pulse survey from KPMG found three in five people think the UK economy is worsening

Evening Standard

Spring Statement: Rachel Reeves needs AI to 'move needle' on economic growth, says Bank of England governor

The UK’s economy has been flatlining

Barchart

Stocks Set to Open Lower as Investors Await U.S. Economic Data and Fed Speak

June S&P 500 E-Mini futures (ESM25) are down -0.18%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.29% this morning, pointing to a slightly lower open on Wall Street after yesterday’s rally, while investors await a raft of U.S. economic data as well as remarks from Federal Reserve officials.

Barchart

Stocks Set for Muted Open as Investors Await U.S. Economic Data and Fed Speak

June S&P 500 E-Mini futures (ESM25) are down -0.11%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.19% this morning, pointing to a slightly lower open on Wall Street after yesterday’s rally, while investors await a raft of U.S. economic data as well as remarks from Federal Reserve officials.

The Guardian - AU

Jim Chalmers’ 2025 budget speech abridged and annotated – the economy is OK and we’re heading into an election

What the treasurer said – and what we can read between the lines of the budget night speech

The Guardian - AU

Australia budget 2025: the seven graphs you need to see

These are pure Labor tax cuts – just what the ALP should be all about – but why are we still letting gas companies get off scot-free?

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