The Latest Breaking News from Recession

The daunting economic challenges facing the UK’s next chancellor

Nadhim Zahawi’s successor will have to provide support as the country grapples with falling into recession

The Guardian - UK · Sep 5, 2022

Liz Truss to be UK's new PM after winning Conservative leadership race

Liz Truss was named Britain’s next prime minister on Monday, winning a leadership race for the governing Conservative Party at a time when the country faces a cost of living crisis, industrial unrest and a recession.

France 24 · Sep 5, 2022

Liz Truss vows tax cuts after winning vote to be next British Prime Minister

Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle a deepening energy and cost of living crisis.

Reuters · Sep 5, 2022

Explainer-Next UK leader to inherit an economy in a bind

Britain's next prime minister - who will be announced on Monday - will inherit an economy that is forecast to go into a long recession later this year with inflation at a 40-year high and limits on the options for getting growth going again.

Reuters · Sep 2, 2022

US economy added 315,000 jobs in August as unemployment rate rose slightly from half-century low

The government reported Friday that the economy added 315,000 jobs last month, down from 526,000 in July

The Independent UK · Sep 2, 2022

Ryanair breaks passenger record in August flying 17 million people

Irish budget airline says business model is well placed to do well during a recession after coping with Covid

Evening Standard · Sep 2, 2022

Editorial: The end of the end of the 20th century

Some would say the 20th century ended at Y2K — midnight on Jan. 1, 2000. Others would say that, as a historical phenomenon, it extended until the shock of Sept. 11, 2001. And others still might cite the Great Recession or even the election of Donald Trump as the real…

Tribune News Service · Sep 2, 2022

Commentary: Could a return of the lost workers avert a recession?

There’s not much good to say about the U.S. economy today, with out-of-control inflation eroding household incomes and Americans bracing for a recession after gross domestic output shrunk in the first half of 2022.

Tribune News Service · Sep 2, 2022

Markets rally after US jobs report; G7 ministers back Russian oil price cap; pound under pressure – as it happened

US non-farm payroll rose by 315,000 in August, as hiring slowed after a strong July

The Guardian - UK · Sep 2, 2022

Late problems increase for North East firms amid fear of recession

New figures show more than 13,500 companies in the region are waiting for payments

Birmingham Post · Sep 1, 2022