The Latest Breaking News from Economy

Here's what was happening in Australia the last time the cash rate rose this quickly

The rapid increase in interest rates feels all too sudden for borrowers, but it's not the first time this has happened. Here's how events played out almost 30 years ago.

ABC News · Oct 3, 2022

'The damage is already done' – Truss and Kwarteng branded 'incompetent' after 45p tax rate U-turn

One North East MP accused the government of having "lost all credibility" after dropping plans to cut the top rate of income tax for the highest earners

Chronicle Live · Oct 3, 2022

Nicola Sturgeon says UK Government must overhaul entire mini-budget after tax cut U-turn

NICOLA Sturgeon has insisted the UK Government must completely overhaul its package of plans to spark growth in the economy.

The National (Scotland) · Oct 3, 2022

Why UK final-salary pensions may now be unpayable without state support

When long-dated UK government bonds fell sharply following the consistent criticism of the new economic measures laid out by the UK government, it forced the Bank of England to intervene to prevent an “unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy”.

The Conversation · Oct 3, 2022

Patrick Harvie branded a 'ticking time-bomb' by Tory MSP

THE Scottish Greens have hit back at claims their party leader is a “ticking time-bomb” for the Scottish economy.

The National (Scotland) · Oct 3, 2022

Mobile phone charging tips which could save money on energy bills

The tips could make a difference to your energy usage

Nottingham Post · Oct 3, 2022

It’s Yom Kippur — so here are my sincere promises to Her Upstairs

You’ve probably noticed quite a lot’s been going on since my last column (it was roughly a hundred years ago, back in early September): Liz Truss became PM and the Queen died, there have been natural disasters and ongoing wars and it seems like our economy’s dissolving like an overdunked…

Evening Standard · Oct 3, 2022

Nepal coalition to aim for growth if returned to power, finance minister says

Nepal's ruling coalition will provide incentives for exporters and lift import curbs as part of efforts to put the economy on a higher growth trajectory if it is returned to power in a general election next month, the finance minister said.

Reuters · Oct 3, 2022

Kwarteng’s tax U-turn was inevitable – and he has already done damage

Chancellor’s reversal shattered his reputation and did unnecessary harm to an already weak UK economy

The Guardian - UK · Oct 3, 2022

All the times Truss and Kwarteng said they wouldn't U-turn on tax cut as credibility shot

We've rounded up 16 times in just over a week that Liz Truss and Kwasi Kwarteng beat the drum for their 45p Income Tax rate cut for the rich

Daily Mirror · Oct 3, 2022