The Latest Breaking News from Economy

The Leader podcast: Why lenders withdrew mortgage deals

Three UK lenders have withdrawn some of their mortgage deals in response to the drop in the pound, and the on-going uncertainty in the UK economy.

Evening Standard · Sep 27, 2022

Was the mini-budget a cunning Tory plan?

Letter: If they lose the next election this will leave the incoming Labour government with a wrecked economy to repair and only five years to do it, writes Ray Perham

The Guardian - UK · Sep 27, 2022

What a Re-test of June Lows Could Mean for the Market Outlook

The S&P 500 (SPY) is now hovering just above the June lows. Interestingly, we have a meaningful divergence in place as global growth-linked stocks like Caterpillar are making lower lows. I do think this is meaningful. The latest leg lower in stocks is coming about due to a combination of…

StockNews.com · Sep 27, 2022

Jan. 6 still has the power to shock. But will it drive voters' decisions?

LOS ANGELES — In a competitive Los Angeles-area congressional district, the campaign playbooks are well-defined. Republican Rep. Mike Garcia is relying on voter discontent about the economy. His Democratic challenger, Christy Smith, wants abortion rights to be top of mind.

Los Angeles Times · Sep 27, 2022

Budget 2023: Dublin hairdresser fears VAT increase will see customers turn to shadow economy

She also fears that customers will simply have to stop going to the salon to make ends meet this winter

Dublin Live · Sep 27, 2022

Is the UK in a recession? How central banks decide and why it's so hard to call it

Last week, UK chancellor Kwasi Kwarteng launched a bid to boost economic growth with the largest tax cutting exercise for half a century. What this so-called mini-budget has since overshadowed, however, was an admission by the Bank of England the previous day that the UK may already be in a…

The Conversation · Sep 27, 2022

Starmer: Do not forgive Tories for crashing the economy

Labour leader Sir Keir Starmer used his conference speech to condemn the Tories for the economic turmoil facing the country.

The Independent UK · Sep 27, 2022

Keir Starmer: Do not forgive Tories for crashing the economy

Labour leader Sir Keir Starmer used his conference speech to condemn the Tories for the economic turmoil facing the country.

Evening Standard · Sep 27, 2022

German minister sees nuclear extension as increasingly likely - Spiegel

Germany's economy minister expects to have to extend the lifespans of the country's last two nuclear power plants to avoid possible outages and grid bottlenecks in Europe's biggest economy this winter, Spiegel weekly reported on Tuesday.

Reuters · Sep 27, 2022

Day Today ‘Pound stolen’ sketch goes viral after sterling tanks

Social media users post sardonic British humour after Liz Truss and Kwasi Kwarteng’s mini-budget

The Guardian - UK · Sep 27, 2022