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The Latest Breaking News from Economy

Tory MP confronted live on air over claim UK is outpacing G7 economies

A CONSERVATIVE MP has been caught out live on air after she claimed the UK economy is doing better than the rest of the G7.

The National (Scotland)

'My fiancé put his kids in First Class but left mine in economy - I'm fuming'

A woman was left furious at her future husband when she learnt her children would be sat in standard class on the flight while his kids got to travel in first class

Daily Mirror

Government’s autumn statement ‘neglects’ entertainment sector, trade bodies say

Chancellor Jeremy Hunt delivered his autumn statement to MPs in the House of Commons on Thursday.

The Independent UK

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Will the autumn statement do enough to ease the recession? Our panel’s verdict

The chancellor has presented the government’s economic plans as Britain suffers the highest inflation for 40 years

The Guardian - UK

Rachel Reeves accuses Tories of 'picking pockets' of millions of Brits with Autumn Budget

The Shadow Chancellor Rachel Reeves said Britain 'can longer afford a Conservative Government' after Jeremy Hunt confirmed the UK is now in recession with the economy expected to shrink further in 2023

Daily Mirror

Worst fall in UK living standards since records began, says OBR

Spending watchdog says Britain is in recession and unemployment will rise by 500,000

The Guardian - UK

Autumn Budget 2022: All the key points from Jeremy Hunt’s statement

Chancellor sets out plan to ‘rebuild our economy’

The Independent UK

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3 Stocks to Buy Before 2022 Comes to an End

With the Fed indicating that the final level of interest rates will be higher than expected, many analysts expect the economy to slip into a recession next year. Since the stock market will likely remain under pressure, investors should consider buying fundamentally strong stocks UnitedHealth Group (UNH), Merck & Co.…

StockNews.com

Hunt unveils new spending cuts, tax hikes to fix UK’s economy

The Treasury chief says the new budget plan prioritises ‘stability, growth and public services’.

Al Jazeera

Autumn Statement: 5 things Scots need to know from Jeremy Hunt's tax rising budget

The Chancellor of the Exchequer said there would be a "shallower downturn" as a result of his measures.

Daily Record

Autumn Statement: A 'sad state of affairs' or are there 'signs of optimism'?

The Chancellor delivered his Autumn Statement to the House of Commons

Birmingham Post

11 key announcements from Jeremy Hunt's Autumn statement including new cost of living payments

The Chancellor unveiled a wave of new economic measures to help curtail soaring inflation rates and a widening cost of living crisis

Manchester Evening News

More UK workers to pay increased tax, Jeremy Hunt confirms

Chancellor Jeremy Hunt has been speaking in Parliament about his plans to try and stabilise the UK economy

Nottingham Post

Autumn Statement: Jeremy Hunt’s big freeze as tax hiked by £24billion

£30billion spending cuts but extra help for hospitals, schools and poorest

Evening Standard

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Reuters

UK faces record hit to living standards as tax hikes loom

Britain faces a record hit to living standards this year as surging inflation erodes incomes, the country's budget forecasters warned, after finance minister Jeremy Hunt announced more pain, with tax rises now and spending cuts further ahead.

Fortune

U.S. policymakers have one last chance to avoid a recession: Find the 1.5 million women who vanished from our workforce

Some 1.5 million women have vanished from the labor force since Feb. 2020. That bothers gender economist Katica Roy–and not for reasons of fairness.

Daily Mirror

UK already in recession and GDP to fall by 1.4% in 2023, Jeremy Hunt says

Office for Budget Responsibility forecast that the UK economy will shrink further next year as Brits face rocketing inflation and cost-of-living crisis

Insider UK

Chancellor confirms £55 billion fiscal 'consolidation'

The Scottish Government is set to receive around an additional £1.5bn over 2023-24 and 2024-25

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The Independent UK

UK economy now in recession, Jeremy Hunt announces during Autumn Budget OLD

Office for Budget Responsibility says economy is shrinking again

The Guardian - UK

Autumn statement 2022: key points at a glance

Jeremy Hunt is announcing his financial update – here are the main points, with political analysis

Manchester Evening News

'Austerity is false economy' - city mayor's message to Chancellor

Paul Dennett blasts projected £33bn spending cuts

Asharq Al-Awsat

Economic Forum Calls for Selection of 10 Main Sectors for Saudi Transformation to Digital Economy

The 10th edition of the Riyadh Economic Forum has issued 24 recommendations and initiatives that call for the selection of 10 key sectors and the nine impactful technologies to accelerate the transformation towards a digital economy, boost the skills of national human capital, and strengthen the research and development system.…

ABC News

Deliveroo's departure from Australia brings takeaway delivery closer to a monopoly

The collapse of Deliveroo in Australia will mean less choice in the nation's food delivery sector — and ultimately impact hospitality venues, gig economy drivers, and could make your takeaway pricier.

The Independent UK

Asian benchmarks mostly decline amid lingering China worries

Asian shares mostly declined amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal

Wales Online

What time is Jeremy Hunt's autumn statement budget and what will he say

The Chancellor is expected to announce tax rises, service cuts, changes to benefits and pensions and changes to energy bills

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