The Latest Breaking News from Economy

Sri Lanka PM says economy 'has collapsed,' unable to buy oil

Sri Lanka’s prime minister says its debt-laden economy has “collapsed" after months of shortages of food, fuel and electricity

The Independent UK · Jun 22, 2022

Leo Varadkar refuses to 'definitively rule out' emergency budget measures to tackle fuel crisis

Mr Varadkar said that Ireland's economy was in a good position and the Government would be able to help people with the cost of living

Dublin Live · Jun 22, 2022

Inflation spike 'extremely worrying' for struggling Scots, Kate Forbes says

SCOTLAND’S Finance Secretary has warned the state of the UK’s economy is “extremely worrying” as inflation hit a new 40-year high.

The National (Scotland) · Jun 22, 2022

Inflation at new 40 year high of 9.1% - economy on ‘knife edge’

UK in clear danger of falling into recession

Evening Standard · Jun 22, 2022

UK inflation rises to fresh 40-year peak of 9.1% as cost of living crisis worsens – as it happened

Higher food, energy and record petrol prices push up inflation in May, as bread, cereal and meat become more expensive

The Guardian - UK · Jun 22, 2022

Sri Lanka's crisis cripples once burgeoning middle class

Sri Lanka’s economic crisis, the worst in its history, has completely recast the lives of the country’s once galloping middle class

The Independent UK · Jun 22, 2022

Report reveals how much Brexit will cost Scots workers in next decade

BREXIT will lead to a “poorer and less productive” UK in the decade ahead, with workers in Scotland predicted to lose out the equivalent of…

The National (Scotland) · Jun 22, 2022

Brands are leaning on 'recycled' clothes to meet sustainability goals. How are they made? And why is recycling them further so hard?

Today we make more clothing than ever before. And the driver for this is primarily economic, rather than human need. Over the past decade, the term “circular economy” has entered the fashion industry lexicon, wherein materials are made to be reused and recycled by design.

The Conversation · Jun 22, 2022

Brexit is making cost of living crisis worse, new study claims

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation

The Guardian - UK · Jun 21, 2022

Workers' real pay will be cut by £470 thanks to Brexit, damning report says

A study by the Resolution Foundation think tank and London School of Economics details some of the outcomes of the decision to quit the EU - six years after the historic vote

Daily Mirror · Jun 21, 2022