The Latest Breaking News from Economy

China’s ‘sluggish’ economy: squeezing the middle classes

Here we go again, said Xin Ping on Xinhuanet (Beijing). China recently released economic data indicating that its post-Covid recovery has been slightly weaker than hoped in 2023 – so, as ever, foreign commentators are now bleating about China’s “sluggish” economy and predicting its imminent collapse.

The Week · Jul 22, 2023

UK budget deficit falls in June but experts say tax cuts are unlikely

Jeremy Hunt says government needs to keep fiscal discipline as it attempts to halve inflation

The Guardian - UK · Jul 21, 2023

China’s ‘breathtaking’ infiltration of UK economy: an existential threat?

China is engaged in a “whole-of-state” assault on the UK – and the Government’s response to this “onslaught” has been “completely inadequate”.

The Week · Jul 21, 2023

Today's Measuring What Matters statement is just a first step – now we have to turn goals into action

Today’s release of the Commonwealth Treasury’s Measuring What Matters statement is an important step towards better government decision-making and a shared vision for the Australia we want, but it’s only the first step.

The Conversation · Jul 20, 2023

Floridians to DeSantis: Come home and fix housing crisis, other woes

TALLAHASSEE — While Gov. Ron DeSantis barnstorms the country campaigning for president, a growing chorus of Floridians are urging him to come home to deal with the state’s soaring housing costs and other problems.

Orlando Sentinel · Jul 20, 2023

Economy meal counters for passengers in general sitting coaches

SWR, in association with IRCTC, has set up special counters on platforms to enable passengers of general sitting coaches to buy economy meals, snacks/combo meals and affordable packaged drinking water. These counters are located near general sitting coaches and are being supplied from IRCTC kitchen units. Two types of meals…

The Hindu · Jul 20, 2023

Bank of England risks recession with interest rate rises, Mervyn King says

Warning from ex-governor adds to concerns about economy with Bank tipped to raise rate above 5%

The Guardian - UK · Jul 20, 2023

The economy is so unpredictable even Elon Musk is stumped

Musk says he still expects to deliver 1.8 million Tesla vehicles to customers this year, despite the persistent macro uncertainty.

Fortune · Jul 20, 2023

I thought the government’s plan to protect Britain from extreme heat would be bad. It’s worse than that

Politicians seem to have no idea of the action required if we want to keep a functioning society and economy, says academic Bill McGuire

The Guardian - UK · Jul 20, 2023

OPINION - We must free London from its growth-killing local councils

Britain, it’s painfully obvious, is getting poorer. Growth is failing. Incomes are stagnant. And with that lives, opportunities and ambitions. But what few people realise is that growth is failing right here in London. The city is falling behind its rivals with lagging productivity. This isn’t just the Brexit-hit to…

Evening Standard · Jul 20, 2023