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The Latest Breaking News on Economy

Congress Working Committee mourns demise of Dr Manmohan Singh

The CWC remembered the former PM Dr Manmohan Singh for his exceptional contributions to Indian politics and the economy, describing his leadership and dedication as milestones in India's development. Read further on Dynamite News:

Dynamite News

UK Economy Stagnant In Third Quarter In Fresh Setback

Britain's economy was stagnant in the third quarter, according to revised official data released Monday, dealing a fresh blow to the Labour government.

International Business Times

Economy 'headed for the worst of all worlds' in 2025, businesses warn

Businesses have issued a stark warning to Rachel Reeves that the economy is “headed for the worst of all worlds” with activity expected to fall…

The National (Scotland)

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Firms offer no festive cheer to Reeves with gloomy outlook for 2025

The Budget hike to employers’ national insurance is ‘exacerbating an already tepid demand environment’, the CBI warned.

The Independent UK

3 Penny Stocks to Watch for Big Gains in 2025

The Federal Reserve's recent rate cut indicates a stable yet slowing economy, with inflation sticking around but consumer spending strong. In light of these events, penny stocks, Ribbon Communications (RBBN), Ironwood Pharmaceuticals (IRWD), and Organogenesis Holdings (ORGO), all priced under $5, could make attractive investments. Read on….

StockNews.com

Politics with Michelle Grattan: Chalmers says the budget’s better than it was; Taylor says it’s much worse than it should be

Appropriately, we finish our podcast for 2024 talking to Treasurer Jim Chalmers and his shadow, Angus Taylor because, as the saying goes, “it’s the economy, stupid!”

The Conversation

Productivity slump worsens Australia's deficit dilemma

Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.

AAP

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A predicted deficit will get the headlines but remember that budgets are about choices

Right now the government is choosing to deliver $50bn a year to the richest 10% of Australians for no discernible benefit to the nation

The Guardian - AU

A return to balanced budgets is a decade away, mid-year update says

The federal budget is headed for a deficit of $26.9 billion this financial year – $1.3 billion better than the estimate in May – but in the following three years the budget is forecast to be deeper in the red than earlier forecast.

The Conversation

Wages surge reduces chances of an interest rate cut this week

The rate of unemployment remained unchanged at 4.3% in the three months to October.

Evening Standard

Super concessions take biggest bite from the budget

Cost-of-living relief measures are off the table in the mid-year budget update, as a tax expenditure list shows the type of deductions that cost the most.

AAP

UK businesses cutting staff at fastest rate since 2021 after budget

Companies responding to national insurance rise by reducing hiring, survey finds

The Guardian - UK

Borrowing blowout tipped in mid-year budget update

The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.

AAP

UK business confidence at lowest level since pandemic after tax-raising budget

Institute of Directors says hit to private sector will undermine growth and public finances

The Guardian - UK

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International Business Times

Saudi 2025 Budget Sees Lower Deficit On Spending Trims

Saudi Arabia on Tuesday approved a budget for 2025 that projected a smaller deficit than last year despite continued heavy spending on reforms to transition the economy away from oil.

The Guardian - UK

ONS may have ‘lost’ a million workers from job figures since pandemic

Resolution Foundation says figures are ‘overly pessimistic’ as people in work are less likely to answer survey

The Guardian - AU

Dutton’s position on international student caps ‘utterly reckless’, Giles says – as it happened

This blog is now closed

AAP

ACTU urges private sector 'wake-up call' on gender gap

While the gender pay gap is at a record low, the head of the ACTU says private sector companies need to do more to reduce the disparity in their workplaces.

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Latin Times

UK Growth Slows In Third Quarter, Dealing Blow To Labor Government

Gross domestic product (GDP) grew by 0.1% in the July-September period, a slowdown compared to 0.5% growth in the second quarter, the Office for National Statistics said.

International Business Times

UK Growth Slows In Third Quarter, Dealing Blow To Labour Government

Britain's economy grew less than expected in the third quarter, official data showed on Friday, dealing a blow to the Labour government that has set its sights on growth expansion.

Evening Standard

Taxes to rise higher AGAIN in next few years and wage increases hit, warn IFS economists after Reeves Budget

The Institute for Fiscal Studies also stressed that much of the National Insurance rise on employers would feed through into smaller pay rises for workers

The Guardian - UK

Rachel Reeves didn’t scare the markets. But nor did she impress with a growth plan

Businesses adopt a wait-and-see response as it becomes clear the autumn budget is part of a long-term missionBusinesses react to

AAP

Health service workers get pay bump, better conditions

Workers across NSW health services have come to a wage agreement with the state government as nurses and midwives continue to negotiate for better pay.

Evening Standard

Budget 2024: Chancellor Rachel Reeves to go on '£20 billion' investment spree in UK through higher borrowing

A string of tax rises are also expected to be announced in the Budget many of which will hit London hard

Radio France Internationale

France braces for economic judgment amid political turmoil and record debt

France's financial future is under close scrutiny this month as two of the world's top credit rating agencies assess the country's ability to manage its mounting debt. Meanwhile, a hung parliament, fierce budget debates and a record-high deficit have brought the economy to the edge of crisis.

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