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The Latest Breaking News on Economy

Falling UK inflation will ease pressure for high pay awards, says thinktank

Strong growth in earnings has been driven by increases in cost of living, says Resolution Foundation

The Guardian - UK

Germany's Scholz confident of resolving budget crisis, says no dismantling of the welfare state

German Chancellor Olaf Scholz says he is confident that his troubled government will find a good solution to a budget crisis triggered by a court ruling last month

The Independent UK

A 'soft landing' or a recession? How each one might affect America's households and businesses

The solid hiring revealed in Friday’s jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession

The Independent UK

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How a top economic adviser to Biden is thinking about inflation and the job market

The latest numbers show a strong picture for the U.S. economy. Yet many Americans have a pessimistic view. Here's how an adviser to Joe Biden says they're addressing that.

WEKU

US economy adds 199,000 jobs as unemployment rate falls slightly

Jobless rate down to 3.7% as world’s largest economy grapples with interest rates and American policymakers plot next moves

The Guardian - US

Stock Markets Mostly Rise Before US Jobs

Stock markets mostly gained and the dollar firmed Friday before the release of key US jobs data, but Tokyo was knocked by the yen's recent rally.

International Business Times

US Private Sector Job Growth Slows In November

Hiring in the US private sector eased in November, as the post-pandemic boom in restaurant and hotel employment moderated, payroll firm ADP said Wednesday.

International Business Times

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Australia’s economic growth slows, reducing chance of another interest rate rise next year

Economy grows more slowly than expected, with consumer spending flat under the pressure of high interest rates

The Guardian - AU

Britain has been in a 15-year economic slump. This is our route out of it

Ours is the most unequal major economy in Europe, with poorer workers losing out most, says Torsten Bell, chief executive of the Resolution Foundation

The Guardian - UK

Economists predict US inflation will keep cooling and the economy can avoid a recession

A survey shows most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates

The Independent UK

Fear and anger rise in Germany over handling of budget crisis

Der Spiegel accuses Scholz of ‘leading country into chaos’ as MPs scramble to plug €60bn shortfall

The Guardian - UK

End to wage cap, new dispute resolution for NSW workers

Nurses, paramedics, police and other essential workers are set to benefit from landmark reforms scrapping wage caps and delivering interest-based bargaining.

AAP

Blow for Rishi Sunak as UK to have second-slowest growth in G7

The OECD slashes its economic growth forecast for UK, while increasing expected inflation rate

The Independent UK

Jeremy Hunt’s debt reduction plan ‘a very big fiscal risk’, says OBR

Treasury’s independent forecaster says uncertain spending plans and higher than expected inflation could scupper cuts

The Guardian - UK

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International Business Times

Scholz Defends Spending As Budget Crisis Rocks Germany

German Chancellor Olaf Scholz on Tuesday staunchly defended his government's record on spending after a bombshell court ruling on crucial debt rules sparked a budget crisis.

International Business Times

Why You Should Care About The Budget Crisis Rocking Germany

German Chancellor Olaf Scholz will address parliament Tuesday about an escalating budget crisis triggered by a bombshell court ruling that his government breached constitutional debt limits.

Kiplinger

How to Cushion Your Business Bank Account in an Uncertain Economy

Putting these practices in place can help your business weather the storm if economic disaster strikes.

The Independent UK

Flagship post-Brexit trade deal worth even less than ministers claimed, official estimates show

The Independent revealed earlier this year government’s predicted 0.08% boost risked being an overestimate

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International Business Times

Crisis-mired Germany To Blow Through Debt Limit In 2023

Germany will seek to suspend a constitutional debt limit for a fourth straight year, its finance minister said Thursday, after a shock court ruling upended government spending plans and sparked a budget crisis.

The Guardian - UK

OBR halves UK growth forecast and warns inflation will exceed 2% target until 2025

Despite £27bn windfall for the autumn statement, government forecaster warns of generally more difficult outlook until 2028

Evening Standard

OPINION - The Standard View: Jeremy Hunt is walking a tightrope on tax cuts

Having met his pledge to halve inflation by the end of the year — albeit thanks to the Bank of England — Rishi Sunak has confirmed that tax cuts will be in tomorrow’s Autumn Statement. Much of the focus is likely to fall on business taxation in the face of…

The Guardian - UK

Sunak says he will cut taxes ‘over time’ as he reveals new economic priorities

PM signals that business tax cuts more likely than personal ones as he sets out ‘next phase’ of government’s economic plan

The National (Scotland)

PM unveils five new pledges as he promises tax cuts ahead of Autumn Statement

RISHI Sunak has said he is taking “five long-term decisions” in a bid to grow the economy and public finances.

AAP

Cashed up schools get $3b in bonus funding: report

New analysis has found taxpayers are forking out $2.9 billion over the next six years over and above private schools' needs-based funding.

AAP

Robust wage print expected as one-off pay bumps hit

Workers' wages have been growing strongly in a tight labour market, with new data set to show how quickly pay packets are expanding.

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