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The Latest Breaking News from Economy

Government scraps plan to end free prescriptions for 60-65 year olds - reports

The plan was met with a backlash from charities that branded it a ‘thoughtless’ false economy

Evening Standard

Just one in three Britons think Budget will be good for economy, snap poll shows

Almost half of Brits are unsure about the Chancellor's Spring Budget measures

The Independent UK

Silicon Valley Bank: what really happened and what it means for London

Silicon Valley Bank almost collapsed this week until leading figures in the US and UK stepped in — but what is the bank and why did it create such panic? Rohan Silva reports

Evening Standard

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Chesterfield plans to cash in as a gateway to the Peak District and grow its visitor economy by £32m a year

Town offers public transport links and access to attractions such as Chatsworth House, Ladybower Reservoir and Bakewell

Birmingham Post

Why has the UK government banned TikTok?

The UK government has officially banned the TikTok app from devices across government due to national security concerns. Oliver Dowden, chancellor of the Duchy of Lancaster, confirmed the decision during an address in House of Commons on Thursday. Dowden's speech followed days of speculation that the UK would follow the…

IT Pro

Hunt gets back on the boring track — but where’s the vision?

City Voices: More radical thinking needed to get Britain growing

Evening Standard

Applications for jobless aid in U.S. fall last week

Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation

The Independent UK

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Lee Anderson mocked for bizarre 'bullseye' budget video

“BULLSEYE” might be the last word that springs to mind when it comes to how the Tories have handled the economy.

The National (Scotland)

Budget 2023: UK faces ‘disastrous decade’ for living standards as households set to be £4,200 poorer

Economy in ‘deep funk’, warns think tank – attacking Jeremy Hunt’s ‘wasteful’ pensions tax break

The Independent UK

North West 200 go-ahead 'fantastic news' for local economy

It comes after all motorcycle events had been cancelled back in February due to rising insurance costs

Belfast Live

Saudi GDP Exceeds $1 Tln, Shows Kingdom’s Economy Is on Right Track

The size of Saudi Arabia’s GDP, which reached $1.7 trillion in 2016, demonstrated that the Kingdom’s economy is on the right path as it advances the implementation of Vision 2030. Vision 2030 is a unique transformative blueprint that aims to diversify and double the size of the Saudi economy, so…

Asharq Al-Awsat

St. Petersburg’s structural racism study authors are eager to see action

ST. PETERSBURG, Fla. — Mayor Ken Welch promised in his inaugural address that he would oversee a city where people from all backgrounds benefit from a booming economy that is leaving many behind.

Tribune News Service

Jonathan Bernstein: Blaming SVB on ‘woke’ banks masks Republican divide

Politicians generally don’t like looking silly. And yet a whole bunch of Republican politicians reacted to the collapse of Silicon Valley Bank by raging about “woke” banking” in ways that made them appear ridiculous to anyone actually concerned about the danger to the banking system and the economy.

Tribune News Service

Jeremy Hunt defends Budget amid £1bn tax giveaway for wealthy

The Chancellor said the measures he set out will have a 'transformational' impact on the economy

Manchester Evening News

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Irish Mirror

St Patrick's Day 'emissions nightmare' as jet setting TDs rack up shocking carbon footprint

"What it is saying about our commitment to fighting climate change"

The Guardian - AU

Afternoon Update: Albanese fires back at Keating over Aukus criticism; global banking fears; and US threatens to ban TikTok

PM says Keating’s acerbic attack on the Aukus program ‘diminish him’ as Malcolm Turnbull joins chorus of criticism

The Guardian - AU

Unemployment rate in Australia falls back to 3.5% despite interest rate rises

Economy adds almost 64,000 jobs, a figure that will be closely examined by the RBA as it decides whether to pause further interest rate increases

The Guardian - AU

Paul Keating has ‘diminished’ himself with scathing attack on Aukus submarine deal, Albanese says

Malcolm Turnbull has also questioned deal amid UK economy’s ‘existential problems’

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news in one place.

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Bangkok Post

China picked to catapult Thai economy

China's economic growth and the preference among Chinese for Thai properties should make it a key driver for the Thai economy and property market, according to economic and property analysts.

Bangkok Post

Arkhom pledges stability after poll

The government is ready to take action, even in a caretaker position before the next administration takes power, should global volatility affect the country's economy or financial system, Finance Minister Arkhom Termpittayapaisith told reporters.

AAP

New Zealand GDP down 0.6 per cent in Q4 2022

New Zealand has had a 0.6 per cent contraction in GDP in the December 2022 quarter, beginning a predicted 2023 dip a quarter earlier than expected.

Tribune News Service

Recession or not, California’s economy should fare better than rest of the nation

Whether the economy slumps this year or not, California shouldn’t feel as much pain as the rest of the country.

The Independent UK

Varadkar says Ireland has to work harder to shape EU agenda post-Brexit

The Taoiseach said that despite many challenges, the Irish economy has been ‘remarkably resilient’.

The Guardian - UK

Colleagues pray for Jezza to cut his losses when his four Es fail to kick in

Education, Employment, Enterprise and … Everywhere? Chancellor’s solutions to heal economy fall flat as he fails to read the room

Fortune

‘Dr. Doom’ Nouriel Roubini warns that ‘contagion’ from U.S. banks could spread globally

“A banking crisis can morph into a debt crisis for the sovereign, in a doom loop between the banks,” Roubini told Fortune in November.

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