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The Latest Breaking News from Economy

Levelling up spending for Greater Manchester should be decided locally, shadow chancellor says

Rachel Reeves MP visited a Bolton training centre for telecoms engineers to mark National Apprenticeship Week

Manchester Evening News

Brexit cost UK economy £29bn as investment ‘plateaued’, Bank policymaker says

Jonathan Haskel, an external member of the Bank of England’s Monetary Policy Committee, said a wave of investment was ‘stopped in its tracks’ in 2016.

The Independent UK

More immigration can be the solution to Britain’s economic woes, but who will dare to say it

My party agreed that we needed to stop drifting in the direction of a higher-tax, higher-spend economy being choked by ever more regulation, which was causing sluggish growth, low productivity and a dampening of enterprise and innovation”. Thus wrote former prime minister Liz Truss last week.

Evening Standard

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If You Could Only Own 3 Stocks, It Should Be These

Consumer sentiment has been buoyed by the recent cooldown in inflation and encouraging economic data. However, with interest rate hikes expected to continue, the risk of the economy tipping into a recession remains. Hence, fundamentally strong stocks Coca-Cola (KO), Merck & Co (MRK), and Valero Energy (VLO) that pay reliable…

StockNews.com

'My husband said I should sit in economy while he flies in first-class, I'm fuming'

A woman was left fuming after her partner decided she could fly in economy, while he travelled in first-class to a work conference

Daily Mirror

EU foresees economy improving, but inflation still painful

Europe's economic prospects are looking up, at least a little

The Independent UK

Mining industry's $6.3 billion injection into the Hunter economy

The Hunter's mining industry injected $6.3 billion into the Hunter economy in the last financial year, the highest level of expenditure since the 2012-13.

Newcastle Herald

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Taiwan Makes History With Universal Cash Payment Plan

Taiwan is giving citizens and permanent residents a one-off cash payment of NT$6,000, a step towards ensuring that the benefits of economic growth are shared by all.

The News Lens

Cyprus' former foreign minister becomes island’s new president

Nicos Christodoulides was elected president of Cyprus on Sunday, securing his bid to oversee the Mediterranean island whose economy was buffeted first by the pandemic and now by Russia’s war in Ukraine and its associated rise in living costs.

Tribune News Service

Substance sorely lacking in party policies

The election campaigns of political parties should focus on improving the country's competitiveness with effective short- and long-term economic policies rather than populist sops or market intervention that could mar the economy and add fiscal burden, says business leaders.

Bangkok Post

What do businesses really get out of Liverpool's late night tax?

Liverpool Council voted to maintain the levy but businesses are sceptical

Liverpool Echo

The price Britain paid for lockdown was colossal. Was there an alternative?

Flirtation with recession, along with new era of austerity and stagnation are consequences of policy response to pandemic

The Guardian - UK

China needs stronger family-focussed policies to spur births- Chinese expert

China should enhance incentives for people to build families and boost the birth rate as the country's now-falling population could threaten the world's second-biggest economy, a Chinese family planning expert said.

Reuters

'Brexit radicalised me': Scots business owner forced to cut staff in half

JUST a few short years ago, Elizabeth Carnahan’s business was doing well. She had a growing customer base, a turnover of more than £1 million and…

The National (Scotland)

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ABC News

Treasurer says government's energy market intervention is already working to provide household relief

Treasurer Jim Chalmers tells ABC Insiders the federal government's intervention is putting downward pressure on electricity prices, and inflation remains the economy's greatest challenge.

The Guardian - AU

Australia’s economy running hot despite rising interest rates, but experts urge caution

Building and business insiders warn the Reserve Bank’s recent hawkish approach risks long-term harm for households and commerce

The Guardian - UK

Generations of Tories have hoped for growth. They never plan for it

Kept aloft by North Sea oil or privatisations, the economy under the Conservatives never got the long-term vision it needed

The Independent UK

Albanian opposition leads anti-government protest

Thousands of supporters of Albania’s political opposition are taking part in an anti-government protest and calling for the prime minister’s resignation for alleged corruption and mishandling of the small Balkan nation’s economy

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news in one place.

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Reason

Photos Show the Transformation of Great Britain

A new exhibit at the National Gallery of Art displays how the U.K. changed in the 1970s and '80s.

The New Daily

The Stats Guy: Where and how too few migrants will hurt us the most

Which jobs and which sectors of the economy rely most on migrant workers? These jobs struggled when migration turned negative during the pandemic. Now these jobs benefit from rising migration numbers.

Daily Mirror

Tories leave Britain as only G7 country with smaller economy than before Covid

The Government wants to blame the pandemic and the war in Ukraine for this dire situation rather than admit it is the product of 12 years of Conservative failure

The Texas Tribune

TribCast: Will Texas avoid a recession?

In this week’s episode, Matthew speaks with Pia Orrenius, vice president and senior economist for the Federal Reserve Bank of Dallas, about the 2023 outlook for the Texas economy.

Reuters

Peru central bank: Early info shows protests affecting growth, inflation

Peru's economy and inflation have likely been hit by the ongoing social upheaval that has rocked the Andean nation since December, early indications suggest, the head of the central bank's economic studies unit, Adrian Armas, said on Friday.

StockNews.com

The 2 Best Energy Stocks to Invest in Right Now

The energy sector is poised to witness solid growth in the near term amid improved demand from the Chinese economy. In addition, owing to the onset of the EU embargo on Russian oil imports, prices could increase. Against this backdrop, it might be wise to invest in quality energy stocks…

Evening Standard

Ignore the Luddites. Artificial intelligence can transform the UK economy to the benefit of workers

City Voices: Effective public policy can ensure that emerging technologies improve productivity and working conditions, not replace workers

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