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The Latest Breaking News from Economy

What is a recession and how long could the next UK downturn last?

The Bank of England expects that the UK economy has shrunk between July and September 2022. This means the country may be in recession. But what does this mean and how will recession affect you?

Daily Mirror

Nicola Sturgeon: Scotland must be 'global hub' for business as Brexit hurts economy

SCOTLAND can and should “strive to be a global hub for purposeful business”, the First Minister has said.

The National (Scotland)

Baggage allowance guide: Luggage limits for British Airways, Ryanair, easyJet and more

Wondering how much you can cram into your hand luggage on your next trip? Here’s what each of the major airlines flying out of the UK allows

The Independent UK

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US investors see a bear market; here’s what that means

Wall Street looks like it will open the week with more losses, with the S&P 500 falling to a level that market observers consider to be a so-called bear market

The Independent UK

Group testing ads to see if Democrats can go on offense on the economy - Roll Call

Ads aimed at four House Republicans in competitive races will test if Democrats can take the offensive on the economy.

Roll Call

China Should Deepen Reforms and Opening Up to Keep Economy Stable

For the Chinese economy to stabilize, it is important to revitalize private and foreign investment, and boost market players’ confidence in China’s economic prospects

Caixin Global

Immigrants are only 3.5% of people worldwide – and their negative impact is often exaggerated, in the U.S. and around the world

-Ernesto Castañeda is an associate professor in the Department of Sociology at American University and the Director of the Immigration Lab. Castañeda explains why immigration is an important force counteracting population decline in the U.S. and why that matters to the economy and America’s global power. Below are highlights from…

The Conversation

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The Standard View: A trade war with Europe is not the answer to the cost of living crisis

The UK economy shrank by a larger than expected 0.3 per cent in April, heightening fears that Britain is headed for recession. City experts had been expecting output to contract by 0.1 per cent, following a similar decline in March.

Evening Standard

Downing Street say it's 'too early' to tell if Brexit is shrinking UK economy

Boris Johnson's spokesman insisted Brexit will boost the economy in the 'long-term' after figures showed Gross Domestic Product (GDP) shrinking by 0.3% in April

Daily Mirror

Cabinet minister in ‘complete denial’ over Brexit harm to Britain’s economy which experts put at £31billion

Treasury silent on damage being caused by Brexit to Britain’s economy and Bank of England accused of being reluctant to talk about it

Evening Standard

Sterling slides as all three sectors of British economy go into reverse

Recession red light blinks as output fell by 0.3% including services, production and construction

Evening Standard

Boris Johnson signals no cuts in taxes as inflation soars and UK economy shrinks again

The latest figures from the Office for National Statistics heighten fears that Britain is heading for a recession.

Daily Record

What is a recession and what would it mean for you

There are fears the UK is heading into a serious economic downturn

Wales Online

Striking S.Korean truckers say they may block coal to power plant

Striking South Korean truckers are considering blocking shipments of coal to a power plant if the government rejects their demands for minimum pay guarantees, a senior trade union official said on Monday.

Reuters

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The Independent UK

UK must ’embrace new technologies’ to grow economy, Chancellor says

Rishi Sunak was speaking as he opened London Tech Week.

Birmingham Post

UK tech firms only behind the US globally in raising venture capital funding

Figures from the UK's Digital Economy Council shows that UK tech firm have raised £12.4bn for far this year which is more than the whole of 2020

Evening Standard

Boris Johnson told UK faces food ‘crisis’ over staff shortages as he picks ‘beautiful’ courgettes on farm

The Prime Minister visited a farm in Hayle and learned how to pick vegetables in a photo stunt for his strategy

Insider UK

Sturgeon urges businesses to change their ways to help improve economy

The SNP leader is set to confirm the expansion of Scotland’s Productivity Clubs

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news in one place.

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Los Angeles Times

Commentary: To pay for the war, Ukraine needs the EU’s help to restart its economy

Emmanuel Macron, president of France, recently expressed concern about not humiliating Vladimir Putin through a quick and comprehensive defeat in Ukraine. But he seems to have lost track of conditions on the ground.

The Guardian - UK

UK economy’s stagnation increases chances of recession

Analysis: Fall in GDP in April also increases probability of 0.25-point increase in interest rates this week

The National (Scotland)

UK edges closer to recession as economy unexpectedly shrinks

THE UK has plunged further towards financial crisis after it was revealed the economy contracted for the second month in a row in April.

Reuters

Algeria is increasingly aligned with Russia, Spanish Economy Minister says

Algeria's decision to suspend a bilateral friendship treaty with Spain last week was not surprising because the country is increasingly aligning itself with Russia, Spanish Economy Minister Nadia Calvino said on Monday.

Birmingham Post

Business activity in North East falls for second month in a row

The region has been the weakest performer in the NatWest North East Business Activity Index for the last 10 months

The Guardian - UK

Liz Truss says decision to ditch parts of EU Brexit deal is ‘reasonable and practical’ – live

EU, legal experts and some Conservative MPs warn that Northern Ireland protocol bill is illegal under international law

The Independent UK

UK economy contracts in April as costs crunch sends Covid recovery into reverse

The Office for National Statistics said gross domestic product fell by 0.3% in April, following a fall of 0.1% in March.

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