The Latest Breaking News on Economy

The recession appears set to be the shortest one possible, and among the shallowest on record

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

Report says workers can expect to earn 3.7% more by the end of the year, up from 2.6% annual growth expected three months ago

Conditions are finally turning after a bumper few years for the labour market, with some fields to be hit harder than others.

The share of capital expenditure to the total outlay of the Budget Chief Minister Siddaramaiah presented on Friday has come down to 15% from 16.5% in the Budget he presented in July 2023. Before that, in the Budget presented by Basavaraj Bommai in February 2023, just before the Assembly polls,…

Amid recession fears in Japan and the UK, the US economy stands resilient, buoyed by strong consumer spending and pandemic relief measures.

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

Editorial: The Conservatives have presided over a shrunken British economy, and Rishi Sunak does not have a clue how to make it grow again

City Comment: This is as much a political recession just as much as an economic one

No pandemic, no lockdown, but no economic growth either. Britain has slipped into recession, official figures confirm, as GDP shrank by a worse than expected 0.3 per cent in the three months from October to December, following a 0.1 per cent decline in the previous quarter.

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.