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The Latest Breaking News on Economy

Labor will urge Fair Work Commission to give real wage rise to three million workers

The Labor Party on Wednesday will urge the Fair Work Commission to grant a real wage increase to Australian workers on awards.

The Conversation

Dire stat demands 'urgent reform' from election winner

Whoever forms government after the election will need to deliver substantive reform to fix Australia's long-term productivity challenge, economists say.

AAP

Spring statement 2025: Graphs reveal economic impact of Rachel Reeves' plans

GDP and productivity are not likely to grow at the pace that ministers had hoped

Evening Standard

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Lower inflation – what it means for bills, taxes and shopping

A fall in the cost of clothes was the main reason for a drop in the rate of inflation; however, imminent increases to the cost of services mean people may not feel any better off

Evening Standard

Graph reveals how UK tax burden will hit record high after Spring Statement

Income tax and national insurance contributions are the main drivers behind the jump in the overall tax burden

Evening Standard

Budget fails on new money for violence against women

Anti-family violence groups working with men to put an end to the issue have slammed the lack of new funding for measures in the federal budget.

AAP

Australia’s tax take is higher – but so are debt and deficit in this year’s budget

Higher-than-expected revenue has put the economy in a stronger position than last year and is helping fund pre-election policies including tax cuts

The Guardian - AU

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Labor defies criticism to add 3,400 public service roles

Katy Gallagher says staffing increases are necessary and an ‘investment in the future’

The Guardian - AU

Budget fundamentals smashed as storms cloud outlook

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

AAP

Workers to benefit as wages growth outpaces inflation

The outlook for wages is improving as inflation falls, growth picks up and clauses stopping workers moving to higher pay jobs are ditched.

AAP

Chalmers delivers 2025 budget speech – as it happened

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The Guardian - AU

Bank of England governor calls for co-operation amid tariff war

Andrew Bailey was speaking after the Bank voted to hold interest rates last week while policymakers assess the impact of US trade tariffs.

Evening Standard

Budget week to bring inflation, cost-of-living news

The Albanese government will look to further ease cost-of-living pressures without adding to inflation when it delivers its fourth budget.

AAP

Troubled UK statistics agency warns of errors in its growth figures

ONS, already working on fixing a survey, uncovers problems with two indices used to measure prices in economy

The Guardian - UK

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AAP

Why shock drop in jobs won't shift RBA rate cut bets

Fewer older Australians returned to work in February, driving a surprise fall in jobs and workforce participation but the labour market remains tight overall.

The Guardian - AU

Expect a lot of talk about Australia’s deficit, but remember the golden rule: budgets are always about choices

The world trade system, and our ability to trust our biggest defence ally, is all gone to hell. What will Labor prioritise in the 2025 federal budget in such an uncertain global environment?

International Business Times

Bank Of Japan Holds Rates, Warning Of Trade Uncertainty

The Bank of Japan left its key interest rate unchanged Wednesday in a widely expected move given the global economic uncertainty fuelled by US trade tariffs.

International Business Times

Bank Of Japan Expected To Hold Rates

The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision, with analysts pointing to economic uncertainty fuelled by US trade tariffs.

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The Conversation

Treasurer Chalmers promises ‘meaningful and substantial’ cost of living help in Tuesday’s budget

Next week’s budget will have cost-of-living assistance that will be meaningful and substantial but “responsible”, Treasurer Jim Chalmers has said.

AAP

Treasurer to tighten belt in 'few surprises' budget

Treasurer Jim Chalmers has hosed down speculation of a major upgrade to forecast revenue and warned of "few surprises" on budget night.

The National (Scotland)

UK media blasted for branding economic decline under Labour 'unexpected'

MAINSTREAM media platforms have come under fire for describing the UK economy shrinking as "unexpected" ...

The National (Scotland)

UK economy shrinks in first month of 2025 in setback for Rachel Reeves

The UK economy has shrunk in the first month of 2025 in a setback for Chancellor Rachel Reeves ...

The Guardian - UK

Shrinking economy offers unhelpful backdrop for Rachel Reeves’s growth push

GDP goes in wrong direction as chancellor puts final touches to fiscal plans

International Business Times

UK Economy Unexpectedly Shrinks In January In Blow To Govt

Britain's economy unexpectedly shrank in January, official data showed Friday, piling more pressure on the Labour government ahead of its Spring Statement on the economy.

International Business Times

S.Africa Revised Budget Gets Booed Despite Smaller Tax Hike

South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government.

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