The Latest Breaking News from Economy

Britain is the Dorian Gray economy, hiding its ugly truths from the world. Now they are exposed

Our rulers painted false pictures of success while real wealth and wages withered away, says the Guardian columnist Aditya Chakrabortty

The Guardian - UK · Jun 23, 2023

Mini-budget chaos exposed ‘lax approach’ to pensions regulation, MPs say

Sir Stephen Timms said pension scheme investments must ‘never again threaten the stability of the UK economy’.

The Independent UK · Jun 22, 2023

As the Bank of Canada prepares for a digital Canadian dollar, democratic concerns loom large

The Bank of Canada is preparing for the possibility of the Canadian government requiring it to issue a digital version of the Canadian dollar. Although the central bank is leading the project for the new currency, any future decision to issue it rests with the Canadian Parliament and government.

The Conversation · Jun 22, 2023

Fed's Powell reinforces likelihood of more rate hikes because of persistently high inflation

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market

The Independent UK · Jun 22, 2023

Why the Bank of England's interest rate hikes aren't slowing inflation enough and what that means for mortgages

Consumer price inflation stuck at 8.7% in May, defying expectations of a slowdown and making a further rise in UK interest rates inevitable.

The Conversation · Jun 22, 2023

3 Stocks With Major Momentum to Buy

The Fed’s multiple rate hikes to curb the stubbornly high inflation have triggered a fresh bout of anxiety among investors. However, with a slowdown in inflation and a rate hike pause for this month, Loews Corporation (L), Liberty Energy (LBRT), and Key Tronic (KTCC), which have gained momentum, could be…

StockNews.com · Jun 22, 2023

Boosting training could add £200m to UK economy, study suggests

County Durham firm Learning Curve Group, which provides skills training around the country, commissioned the report

Birmingham Post · Jun 22, 2023

The £1bn impact of Welsh Water on the Welsh economy

The not-for-profit company's direct and indirect contribution has been revealed

Birmingham Post · Jun 22, 2023

Contracts at ferries shipyard 'could be reviewed' to axe bonuses

The wellbeing economy secretary was grilled by MSPs on the Public Audit Committee

Insider UK · Jun 22, 2023

Most people think the UK is already in recession

Official data shows the economy is still growing slightly, but three in five people believe the country is in recession

Manchester Evening News · Jun 22, 2023