The Latest Breaking News from Economy

New Prime Minister Liz Truss promises action on energy bills this week

She also promised action on the economy

Nottingham Post · Sep 6, 2022

Liz Truss says Britain can ‘ride out the storm’ in first speech as PM

New prime minister sticks to guns on tax cuts despite fears they will fuel inflation

The Independent UK · Sep 6, 2022

Cost of living: why Liz Truss' low-tax strategy won't work

One of the first things the new UK prime minister Liz Truss did upon winning the Conservative party leadership race was to reiterate her desire to turn the UK into a low-tax economy.

The Conversation · Sep 6, 2022

Major warning on economy as gilt yield curve turns upside down

UK government debt market sends ominous and closely-watched warning on darkening economic outlook

Evening Standard · Sep 6, 2022

11 crisis issues in Liz Truss's bulging in-tray now she will be Prime Minister

The new Prime Minister inherits an economy that is juddering towards recession, a hike in energy bills and businesses on the brink of bankruptcy, writes Assistant Editor Jason Beattie

Daily Mirror · Sep 6, 2022

Democrats look to prove economic credentials in battle for midterms

Party aims to reframe narrative that Republicans are natural custodians of economy and alleviate voters’ inflation concerns

The Guardian - US · Sep 6, 2022

Saudi Arabia Pumps $80 Bn to Develop Local Content

The estimated value of government competitions that meet the requirements of local content and localization amounted to $80 billion since the launch of legislation until the first half of 2022, announced Minister of Industry and Mineral Resources Bandar Ibrahim AlKhorayef. He said that developing local content requires integrated work and…

Asharq Al-Awsat · Sep 6, 2022

Patrick Minford: maverick economist who inspired Truss and Thatcher

Brexiter tells Guardian that new PM understands need for tax cuts and orthodoxy must be challenged to revitalise economy

The Guardian - UK · Sep 6, 2022

Liz Truss: Who is the UK’s new prime minister?

‘Human hand grenade’, seen by many Tories as Johnson continuity figure, confirmed as his successor after leading Rishi Sunak throughout leadership race

The Independent UK · Sep 6, 2022

BHP 'contributed $79bn to Aust economy'

BHP says it paid $18.5 billion directly to governments in Australia in 2021/22, with a total economic contribution of $79.3 billion to the country.

AAP · Sep 6, 2022