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The Latest Breaking News from Economy

Silicon Valley Bank: 19th-century financial crises show how today's regulators could help repair the economy

A bank failure wipes out the money available to its customers and freezes any capital that’s already in circulation. Depositors, borrowers and owners or shareholders all suffer as a result, as does wider economic activity and often the communities or business sectors that the banks serves.

The Conversation

UK to avoid recession but see living standards 'drop to levels not seen since 1950s'

The UK economy is set to avoid a recession but people are still expected to face the biggest fall in living standards on record, according to the…

The National (Scotland)

No recession, but Brits are still facing biggest ever fall in living standards

Things are looking better than thought, but it's still not rosy

Wales Online

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'Like all schemers, chisellers and scammers, Jeremy Hunt flattered to deceive'

To listen to the Chancellor you would be forgiven for thinking the Tories had successfully managed the economy for the last 13 years

Daily Mirror

Spring budget 2023: experts react to UK government's plan to get the economy moving

Jeremy Hunt’s 2023 spring budget covers employment, energy, enterprise and much more besides. The plan has already been dubbed his “back to work budget”, although he has called it a “budget for growth”.

The Conversation

All Jeremy Hunt's Budget announcements at a glance - with all the nasty details

Tory Chancellor Jeremy Hunt unveiled his 2023 Budget with boosts for childcare, energy bills and a freeze on fuel duty. But the small print reveals Brits will see the biggest two-year decline in living standards since the 1950s. Here's what you need to know.

Daily Mirror

UK unveils budget plans as thousands of workers stage strikes

Finance minister Jeremy Hunt unveils measures aimed at boosting workforce as strikers demand better wages, conditions.

Al Jazeera

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Budget 2023: will it lift Britain’s economic gloom? Our panel give their verdict

Jeremy Hunt has announced reforms to childcare, pensions and disability benefits. What do they mean for the economy?

The Guardian - UK

2023 Spring Statement brings 'enhanced' tax incentives to tech SMBs

UK chancellor Jeremy Hunt said the government plans to introduce tax incentives for UK-based small and medium-sized businesses (SMBs) as part of a broader set of plans to boost the UK's technology sector. Delivering the government's 2023 Spring Statement to the House of Commons on Wednesday, Hunt said the incentives…

IT Pro

UK will STILL see biggest fall in living standards since 1950s after Budget, OBR says

The forecast came as the Chancellor Jeremy Hunt unveiled his Budget for 'growth' and said the economy will swerve a 'technical recession' in 2023.

Daily Mirror

The 10 key announcement's from Jeremy Hunt's Spring Budget including childcare changes

A wide number of changes were introduced, affecting employment, benefits, taxes, energy bills, and the economy

Manchester Evening News

Budget 2023 key points: What did Chancellor Jeremy Hunt announce?

The pension lifetime allowance abolished and the energy price guarantee extended, while draught beer duties will be frozen

Evening Standard

What Jeremy Hunt announced in his Spring Budget from fuel duty to childcare

Jeremy Hunt announced that fuel and pint duty would be frozen alongside a major childcare announcement.

The National (Scotland)

OPINION - The Standard View: Jeremy Hunt is right to put growth first

Jeremy Hunt, like many of his predecessors, is not blessed with a frothing economy or miles of fiscal headroom. Consequently, his self-declared task is to get Britain ‘back to work’, starting with today’s Budget.

Evening Standard

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Birmingham Post

What Chancellor Jeremy Hunt's 2023 Budget means for the North West

Businesses across the North West have reacted to the Budget

WEKU

The unexpected American shopping spree seems to have cooled

Retail sales dipped 0.4% in February after a surprise start-of-the-year surge that appeared at odds with the Federal Reserve's goal of cooling down the economy.

The Independent UK

UK will avoid recession in 2023, chancellor says

Inflation will also flat line this year, the OBR forecasted

The Conversation

Power cuts are hurting small businesses in South Africa - but sharing resources and equipment might be a solution

Worldwide, small and medium enterprises (SMEs) are seen as the backbone of a thriving economy. They make up a substantial portion of the total number of companies and are estimated to contribute over 87% of all jobs globally.

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The Independent UK

Budget 2023: Corporation tax hiked despite Tory rebel warning on ‘hammer’ blow to economy

Jeremy Hunt warned his hike will have ‘chilling effect on whole economy’

Fortune

The SVB collapse adds financial instability to the Fed’s inflation fight. A recession may not be the worst outcome

The Fed now faces a quandary: It must fight inflation while making sure that the remedy of rising rates doesn’t further undermine financial stability.

Evening Standard

Londoners defy Tube strike to get into work but walkout will cost capital £170m

Many Londoners said they were determined to get to work

inkl

Will The Housing Market Crash?

The housing market is something that concerns us all, whether we are homeowners or aspiring buyers. In recent months, there has been a lot of speculation about whether the housing market will crash, and what this would mean for our economy. While no one can predict the future with certainty,…

Asharq Al-Awsat

Saudi PIF to Inject $266 Bn into New Projects

The Saudi Public Investment Fund invested nearly $1.3 billion in four national companies in the contracting sector during the last period, announced Governor Yasser al-Rumayyan. Rumayyan announced the establishment of a general department for national development to determine the strategic directions in economic development and measuring impact. The group launched…

The Independent UK

Sri Lankan state workers strike, protesting high taxes

Sri Lankan health, railway, port and other state workers are on a daylong strike to protest against sharp increases in income taxes and electricity charges, as the island nation awaits approval of an International Monetary Fund package to aid its bankrupt economy

The Guardian - UK

Wednesday briefing: The chancellor has an unexpected windfall – how will he use it in today’s budget?

In today’s newsletter: His autumn statement was all about repairing the damage of the Truss government. What will Jeremy Hunt’s first budget entail?

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