The Latest Breaking News from Economy

Sunak, Truss and the Bank of England are lying to you – the UK economy is weak and rigged

Westminster is perpetrating the same scam as the rate-setters – bluffing that they can get the old economic machinery working like before, says Guardian columnist Aditya Chakrabortty

The Guardian - UK · Aug 4, 2022

Is Bank of England about to break precedent on interest rates?

Markets expect 0.5 percentage-point rise for first time since independence as inflation rises

The Guardian - UK · Aug 4, 2022

Why China is not sanctioning Taiwan’s key chip industry

Beijing relies on self-ruled island’s semiconductors to keep its economy on track.

Al Jazeera · Aug 4, 2022

Stock Market Rally Continues Despite Repeated Fed Rate Hike Warnings

The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 3.2% in the past five days as investors seem to be taking an increasingly bullish tone toward the health of the U.S. economy, particularly on the inflation front.

Benzinga · Aug 3, 2022

Iran and US to resume talks in new bid to save nuclear deal

Diplomats from the U.S., Europe and Iran are set to return to Vienna after months of deadlock for another attempt to save their moribund nuclear deal, as high energy prices continue to stalk the global economy.

Tribune News Service · Aug 3, 2022

The Guardian view on the economy: a mess the Bank is making worse

Editorial: A hike in interest rates does nothing to stifle inflationary pressures and adds to the pain for firms and households

The Guardian - UK · Aug 3, 2022

Javid accuses Sunak of sleepwalking into a high-tax economy as he endorses Truss

Former chancellor warns “tax cuts now are essential”

The Independent UK · Aug 3, 2022

Australia’s economy is set to grow slower than it ever has outside of recession. This is bad news for our standard of living

The economic growth forecasts are truly dire and point to rising unemployment and falling wages growth

The Guardian - AU · Aug 3, 2022

Sajid Javid endorses Liz Truss in fresh blow to Rishi Sunak’s campaign

Conservative MP says Truss is best placed to ‘reunite the party’ and new approach on economy is needed

The Guardian - UK · Aug 3, 2022

Sajid Javid backs Liz Truss while making 'sleepwalking' jibe about Rishi Sunak

Mr Javid, who had kept his cards close to his chest, warned that Rishi Sunak's policies would lead Britain “sleepwalking into a high-tax, low-growth” economy

Daily Mirror · Aug 3, 2022