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The Latest Breaking News on Economy

Business lobby backs tax boost to bolster productivity

The Business Council of Australia has called for the federal government to hand all companies a 20 per cent investment allowance in the upcoming budget.

AAP

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

The Independent UK

Treasurer courts business with productivity promises

Helping businesses leverage clean energy and AI will transform Australia to its "fourth economy" and improve productivity growth, Treasurer Jim Chalmers says.

AAP

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"A band-aid for bullet wounds, government bankrupt of ideas": Rahul Gandhi slams union budget

Congress leaders have slammed the budget. "A band-aid for bullet wounds! Amid global uncertainty, solving our economic crisis demanded a paradigm shift. Read further on Dynamite News:

Dynamite News

Cabinet approves budget 2025

The Union Cabinet, chaired by Prime Minister Narendra Modi on Saturday ascended the Budget for the year 2025 ahead of its presentation in the Parliament. Read further on Dynamite News:

Dynamite News

Labour warned tough laws against people smugglers in new bill could penalise asylum seekers – UK politics live

Refugee Council says ‘many refugees themselves could also be prosecuted’ under proposals

The Guardian - UK

German Industry Sounds Alarm As Government Cuts Growth Forecast

The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms.

International Business Times

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Germany's government slashes its economic growth forecast for this year to 0.3%

Germany's government has slashed its 2025 growth forecast for the country’s economy, Europe’s biggest, to just 0.3% after it shrank for two consecutive years

The Independent UK

What do Rachel Reeves’ plans for growth mean for the economy?

As the Chancellor announces a raft of policies to boost economic growth, PA news agency explains what that means in real terms.

The Independent UK

Starmer vows to clear ‘regulatory weeds’ ahead of Reeves growth speech

Writing in The Times, Prime Minister Sir Keir Starmer criticised the ‘morass of regulation that effectively bans billions of pounds’ of investment.

Evening Standard

Budget Session: President Murmu to address both Houses on January 31

The Budget Session will be in two phases. The first part of the Budget session will begin on January 31, with the Union Budget on February 1, and conclude on February 13. Read further on Dynamite News:

Dynamite News

It was tough in 2024 but this will be a much better year for the economy

A government spending boom and deep interest rate cuts will drive growth

Evening Standard

UK faces ‘stagflation’ warning amid rising costs and faltering growth

A survey of businesses found slight growth in the private sector, but companies are still concerned about the prospect of job cuts and inflation.

Evening Standard

Bank Of Japan Hikes Interest Rate To 17-year High, Signals More

The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.

International Business Times

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Kiplinger

What Could Derail the Economy This Year?

While the outlook for the U.S. economy is mostly favorable, there are plenty of risks that bear watching.

The Guardian - UK

UK borrowing jumps unexpectedly, adding to pressure on Rachel Reeves

Increase to £17.8bn is well above City forecasts and is highest December figure for four years

AAP

Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

The Independent UK

What does 0.1% economy growth really mean for you? How it affects jobs, saving money and more explained

A bank, a hiring firm and wealth managers weigh in on what economic growth means for everyday people

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The National (Scotland)

Pressure grows on Rachel Reeves as UK growth figures weaker than expected

Chancellor Rachel Reeves has insisted she will “fight every day” to deliver economic growth after the latest official figures showed…

International Business Times

German Economy Shrinks Again Amid Political Crisis

Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.

Evening Standard

Chancellor facing tough questions over fiscal rules as market woes deepen

Chancellor Rachel Reeves said over the weekend that her fiscal rules were ‘non-negotiable’.

The Independent UK

Reeves vows ‘action’ to meet fiscal rules amid rise in borrowing costs

Problems on the gilt markets have overshadowed the Chancellor’s trip to China.

The Guardian - US

US job market soars past expectations in last report before Trump retakes White House

Economy adds 256,000 jobs in December, with Biden boasting of 16.6m jobs created during presidency

Evening Standard

Pound slumps to new 14-month low as Rachel Reeves criticised for China trip as tax rise fears grow

Sir John Gieve, former Deputy Governor at the Bank of England, said the Chancellor may have to hike taxes or impose some ‘very severe reductions and squeezes’ on public services

International Business Times

Asian Markets Drift Lower As US Jobs Data Looms

Equities fell again in Asia on Friday as traders prepared for the release of US jobs data that could play a key role in the Federal Reserve's decision-making on interest rate, with several officials indicating the cutting has finished for now.

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