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The Latest Breaking News from Recession

UK Economy: A crisis in the making for some time, with India trade deal offering hope

It has been anything but a smooth ride for the Rishi Sunak led UK government, with the latest official data released this week reflecting a shrinking economy and a looming two-year-long recession. Read more on Dynamite News:

Dynamite News

Jeremy Hunt warns he's Scrooge and will make 'horrible decisions' to save Christmas

Chancellor Jeremy Hunt says he'll make some tough calls on tax and spending in a bid to get a hold on inflation to prevent recession which he blames on Russia

Daily Mirror

One in three would run out of money within months if recession makes income dry up

Chancellor Jeremy Hunt threatens to create a million unemployed by clobbering businesses with tax rises in Thursday’s Budget

Daily Mirror

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3 ways to tell if you're about to be laid off

Worried about a recession or layoffs? Experts suggest taking these steps to know if your company is next on the chopping block.

Fortune

Austerity 2? No, thank you! Jeremy Hunt warns about another brutal era of cuts in Budget

Another three months of falling growth would mean a recession, with the Bank of England warning it could be the longest downturn for a century

Daily Mirror

The Leader podcast: Kwarsi Kwarteng ‘ghosts’ Liz Truss - and recession panic

Sacked ex-Chancellor pops up before autumn Budget, plus bleak ONS data

Evening Standard

Tory tensions over autumn statement erupt as UK heads for recession

Chancellor warns of ‘eye-watering’ decisions to come

The Independent UK

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1 Solid ETF to Buy and Hold for the Long Term

Uncomfortably high inflation, the Fed’s aggressive interest rate hikes, and recession fears have kept the stock market under pressure this year. However, given the defensive nature of consumer staples, Invesco Dynamic Food & Beverage ETF (PBJ) has survived the market sell-off pretty well. Hence, it could be wise to buy…

StockNews.com

Don’t Get Stuck Holding Any of These Stocks in Q4

While inflation seemed to cool off in October, it is way above the Fed’s 2% target. As the Fed continues to fight sky-high inflation with aggressive rate hikes, chances of a recession are rising. Hence, fundamentally weak stocks Plug Power (PLUG), Bed Bath & Beyond (BBBY), and Faraday Future Intelligent…

StockNews.com

Elon Musk tells Twitter staff about his ‘recession PTSD’ from keeping PayPal and Tesla alive, demands ‘maniacal sense of urgency’

Musk addressed Twitter employees in a Q&A Thursday, describing his trauma from Tesla and PayPal, after laying off around 50% of workers at the social media company.

Fortune

2 Resilient Stocks to Buy and Hold Through a Recession

The World Bank has warned about a global recession next year. Moreover, although the October inflation report shows signs of cooling price pressures, inflation is still far from the Fed’s target level. Hence, we believe fundamentally solid dividend-paying stocks Johnson & Johnson (JNJ) and McDonald’s Corporation (MCD) could be ideal…

StockNews.com

2 ETFs to Help Diversify Your Portfolio Right Now

October’s inflation data came in cooler than expected. However, with the Fed not expected to make any significant change to its stance based on the latest inflation, a mild recession might be on the cards. Amid this, fundamentally strong ETFs SPDR Bloomberg 3-12 Month T-Bill (BILS) and iShares MSCI Global…

StockNews.com

Chancellor says UK has a 'tough road ahead’ as recession looms

Next week's autumn budget to include tax increases and spending cuts

Wales Online

How young people could be impacted if UK enters recession

The Bank of England has said the UK could already be at the beginning of the longest recession since the 1920s.

Liverpool Echo

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The Independent UK

Recession news – live: Hunt warns of ‘eye-watering’ decisions amid economic downturn (cloned)

Chancellor warns of ‘tough road ahead’ as economy contracts by 0.2 per cent

Fortune

Carl Icahn says ignore Thursday's rally, we aren't out of a bear market

Billionaire investor Carl Icahn reiterated warnings that a recession is coming and that he is keeping his portfolio at Icahn Enterprises hedged

Daily Mirror

Six big money changes that will hit your wallet - from Autumn Statement to interest rates

We round up all six of the biggest financial announcements and changes expected over the next few months, including when interest rates and inflation will rise again and what to expect in the Autumn Statement

The National (Scotland)

Kwasi Kwarteng blames Liz Truss for economic fallout as UK recession looms

FORMER chancellor Kwasi Kwarteng has claimed he told Liz Truss she was “going too fast” with the disastrous mini-Budget as it emerged the…

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Daily Record

UK on brink of longest recession in history as Tories blamed for their 'disastrous economic record'

Labour and the SNP accused the Conservatives of leading the country through a decade of weak growth and inequality.

The Independent UK

EU expects recession to hit Europe as inflation hangs on

The European Union’s executive commission slashed its forecast for economic growth next year

The National (Scotland)

Latest recession warning a 'damning indictment' of Tory governance

THE UK economy shrunk by 0.2 per cent between July and September, in what some experts say could be the start of the longest recession since record…

Insider UK

Economy shrinks in what could be start of a long recession

Latest GDP figures show a 0.2% contraction between July and September

Manchester Evening News

BREAKING: UK economy shrinks by 0.2% in move feared to be start of major recession

GDP fell by 0.2% in the three months to September as services, production and construction industries all slowed down and cost-of-living pressures bite

The Independent UK

Recession – live: Hunt warns of ‘eye-watering’ decisions amid economic downturn

Chancellor warns of ‘tough road ahead’ as economy contracts by 0.2 per cent

The Independent UK

UK economy shrinks amid fears of longest recession since records began

Chancellor Jeremy Hunt says ‘tough rough ahead’ as he prepares to slash public spending

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