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The Latest Breaking News from Economy

What is inflationary psychology and how is it impacting our rising cost of living?

Russia, unemployment and fuel prices are contributing to rising inflation. But according to some experts, our prediction of things to come could have an impact too.

ABC News

Time is against Liz Truss as she bets big on plan to turn economy around

With an election two years away, failure could shred the Tories’ economic credibility

The Guardian - UK

Stock markets drop as Wall Street takes a gloomy view of the economy

The Dow dropped more than 450 points to close at the lowest level since November 2020.

WEKU

From analysis to the latest developments in health,
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The big gamble on tax cuts for the rich that could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses The scale and the brashness of the Tory tax-cutting budget is staggering and Scotland will not be protected from global forces that could be unleashed by massive Treasury borrowing.

Daily Record

Mini budget: will Kwasi Kwarteng's plan deliver growth?

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

The Conversation

Kwasi Kwarteng: Budget in full

Kwasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts - including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event”…

Evening Standard

2 Stocks That Could Help Hedge Your Bets in 2022

Despite the Fed’s aggressive interest rate hikes, inflation continues to take a toll on the economy. With growing recession fears, it could be best to invest in Walmart (WMT) and Coca-Cola (KO), given their solid fundamentals. Also, these stocks have an impressive dividend-paying history and could help cushion your portfolio…

StockNews.com

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Chancellor's mini Budget "cautiously welcomed" by Welsh business groups

Business leaders and politicians in Wales have had their say on Kwasi Kwarteng's mini Budget

Birmingham Post

This ‘mini-budget’ is a naked exercise in redistributing wealth upwards

Kwarteng’s borrowing spree will have ugly economic consequences, says Michael Jacobs of Sheffield University

The Guardian - UK

Trussonomics: Chancellor’s budget marks sharp break in economic policy

The Prime Minister sat nodding approvingly behind Kwasi Kwarteng as the Chancellor announced a multi-billion pound package of tax cuts.

The Independent UK

Liz Truss and Kwasi Kwarteng's big gamble could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses Kwasi Kwarteng's mini budget that helps the wealthiest in society.

Daily Record

Timelapse video shows planes leaving Russia as thousands attempt to flee the country

One-way economy flights sell out after Kremlin announces military mobilisation

The Independent UK

Analysis: Chancellor’s mini-budget presents Sir Keir Starmer with dilemma as UK returns to Thatcherite free market economics

The new Chancellor buried the legacy of Boris Johnson’s big spending, higher tax agenda

Evening Standard

North East business groups welcome 'mini Budget' but warn on economy

Labour said the Government "have decided to replace levelling up with trickle down”

Birmingham Post

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Evening Standard

Rugby World Cup: RFU defend decision to fly England Women in economy despite men travelling first class

The RFU has defended its decision to fly World Cup favourites England out to the women’s World Cup in New Zealand in economy class in contrast to their male counterparts.

Benzinga

Why You Should Care About The Latest Interest Rate Hike: From Mortgages To Personal Loans, Credit Cards And The Job Market

Wednesday marked the last day of summer as well as the confirmation of a new hike to the federal funds rate of 0.75%.

Birmingham Post

Business and home movers in Northern Ireland buoyed by mini-budget but calls intensify for Stormont return

Tax cuts offer some support but resumption of devolved leadership needed to protect economy from current headwinds

The New Daily

Electric vehicles and economic woes fuel Coles Express sale

The sale of Coles' service stations will reduce future costs as fuel providers face an uncertain economy and EV innovations, experts say.

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news in one place.

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Belfast Live

Department for Economy cancel three energy crisis meetings with All Party Group on Climate Action

Kate Nicholl says their failure to engage is "shameful and disheartening"

Reason

Declining Faith in Both Capitalism and Socialism Leaves … What?

Many Americans don’t seem to like any economic systems, and they’re no closer to agreement.

Evening Standard

Emily Sheffield: Holly and Phil should not feel any shame over Twitter storm

To the real drama that has been building up all week. No, not what’s happening in Russia, Ukraine or Iran, or the uncertainty of our economy. No, what has apparently riled and upset so many to such an extent they have felt it necessary to sign a petition to ensure…

Evening Standard

Martin Lewis brands the mini-budget ‘staggering’

Lewis said ‘I really hope it works. I really worry what happens if it doesn’t’

Manchester Evening News

Tax cuts, bankers bonuses and energy bills: Eight key announcements Kwasi Kwarteng made in today's mini-budget

A raft of tax cuts were announced in this morning's mini budget.

The National (Scotland)

Tory changes to Universal Credit announced: What it means for you

In today's mini-budget, Kwasi Kwarteng, Chancellor of the Exchequer, announced changes to the way claimants can receive Universal Credit.

Birmingham Post

The key points of the mini Budget, U-turns and what's been scrapped

A series of U turns have been made on the widely slammed mini Budget unveiled by Kwasi Kwarteng in September.

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