The Latest Breaking News from Economy

Chancellor confirms £55 billion fiscal 'consolidation'

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

Insider UK · Nov 17, 2022

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

Office for Budget Responsibility says economy is shrinking again

The Independent UK · Nov 17, 2022

Autumn statement 2022: key points at a glance

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

The Guardian - UK · Nov 17, 2022

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

Wales Online · Nov 17, 2022

The Tories’ ‘fiscal black hole’ is a statistical fiction – let’s have a reality check

The government’s own arbitrary target is the source of this ‘shortfall’, says James Meadway of the Progressive Economy Forum

The Guardian - UK · Nov 17, 2022

Five charts that will shape the UK’s autumn statement

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

The Guardian - UK · Nov 17, 2022

Deliveroo's exit from Australia shows why gig workers need more protection

Deliveroo’s decision to quit the Australian market, after what have been boom times for food delivery platforms, may seem surprising. But the writing has been on the wall for some time.

The Conversation · Nov 17, 2022

Inflation: how to improve official predictions – by asking the public

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…

The Conversation · Nov 16, 2022

Indonesia IT Minister Plays Up Opportunities in Country’s Digital Transformation

Fewer than one-third of the Southeast Asian nation’s micro, small, and midsize enterprises have undergone digitization

Caixin Global · Nov 16, 2022

Autumn statement 2022: this budget may not cause Truss-level chaos but it could still provoke markets

Liz Truss’s short-lived government presided over an even shorter-lived economic experiment in “Trussonomics”. As investors responded to September’s mini-budget by demanding higher interest premiums to purchase UK debt, the government was unable to execute its plans. Truss was reduced to a helpless bystander as her new chancellor, Jeremy Hunt, started…

The Conversation · Nov 16, 2022