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The Latest Breaking News from Economics

Labour’s Angela Rayner: ‘We’re very radical – but it’s radical and responsible and realistic’

The deputy leader on Liz Truss’s ‘fanciful’ economics and why people are starting to listen to Labour again

The Guardian - UK

Nigeria is producing less and less oil. Here's why

Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the Petroleum Exporting Countries in early September showed that Angola and Libya have overtaken Nigeria as Africa’s highest crude…

The Conversation

Analysis: Chancellor’s mini-budget presents Sir Keir Starmer with dilemma as UK returns to Thatcherite free market economics

The new Chancellor buried the legacy of Boris Johnson’s big spending, higher tax agenda

Evening Standard

From analysis to the latest developments in health,
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Windfall tax is a 'no-brainer', economist Jayati Ghosh says

Economist Jayati Ghosh believes a windfall tax is a "no-brainer". "The difficulty is how do you establish how much is windfall? It's very complicated," Ghosh tells FRANCE 24. She is a professor of economics at the University of Massachusetts Amherst and the newly appointed co-chair of the Independent Commission for…

France 24

When Trussonomics arrives, the big winner may well turn out to be Labour

The PM’s assault on economic orthodoxy is a leap in the dark with every prospect of backfiring spectacularly, says Guardian economics editor Larry Elliott

The Guardian - UK

Joe Biden calls UK 'closest ally' as leaders present united front after barbed remarks

In recent days Mr Biden has hit out at "trickle down economics" in what has been widely interpreted as a dig against Liz Truss's tax cut plans, and the UK has admitted there is no immediate prospect of a trade deal

Daily Mirror

What is trickle down economics? Liz Truss’s suggestion for the UK economy

Liz Truss and Joe Biden are at odds over her plans to increase growth

Evening Standard

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‘No way’ Truss’s policies are trickle-down economics, says minister

Foreign Office minister Gillian Keegan replies to Joe Biden pouring scorn on tax cuts for the rich and businesses

The Guardian - UK

Liz Truss tax cuts for the rich are ‘not trickle-down economics’, Tory minister insists

Minister rejects label as prime minister says rich will benefit the most

The Independent UK

Liz Truss urges world leaders to follow UK with trickle down economics

Reports that stamp duty will be cut as PM uses speech to UN to argue for far-reaching tax reductions, putting her at odds with Joe Biden

The Guardian - UK

Liz Truss favours trickle down economics but results can be trickle up

UK PM is reviving the idea that cutting taxes for the better off ultimately benefits everyone. The IMF disagrees

The Guardian - UK

Joe Biden lashes out at Liz Truss' favourite approach to economy hours before they meet

The US President said he was 'sick and tired of trickle-down economics' - exactly the approach Liz Truss is planning to take in a tax-slashing mini-Budget this Friday

Daily Mirror

Liz Truss and Joe Biden clash over economic policy ahead of US meeting

US president attacks ‘trickle down’ economics, as PM admits her tax cuts will benefit rich most

The Independent UK

Biden slams ‘trickle-down economics’ as Truss plans to lift bankers’ bonus cap

US President Joe Biden will meet Liz Truss in New York on Wednesday.

The Independent UK

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Birmingham Post

TalkTalk issues superfast broadband warning

The communications provider commissioned a report by Frontier Economics

The Hindu

Arunachal constable ‘chases’ butterflies, teaches economics

Roshan Upadhaya has so far recorded seven species in State

The Guardian - AU

The brutal economics of celebrity culture is turning children into marketing mannequins

The Kardashian children, and others, are working in adult spaces for the family business, whether the parents admit it or not

The Guardian - UK

Liz Truss is turbocharging bankers’ bonuses. What a gift for Labour

Champagne will be uncorked in Canary Wharf – and along with it, a clear them-and-us narrative, says Larry Elliott, the Guardian’s economics editor

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The Hindu

How to think like Albert Einstein

Exertion and isolation are key elements in the making of revolutionary ideas. Can our classrooms prepare students accordingly?

The Conversation

What happened when we gave unemployed Australians early access to their super? We've just found out

One of the most well-established practical observations in economics is that when we give an unemployed person a payment, it tends to delay their return to work.

The Independent UK

US sets up Afghan relief fund with frozen central bank money

The U.S. and Swiss governments and Afghan economics experts say they'll transfer $3.5 billion in frozen funds from Afghanistan’s central bank to use for the country’s people as hunger grips every province there

Daily Record

Cost of living handouts from Liz Truss and her cronies will only benefit the wealthy

Record View on the Conservative economics in a nutshell – handouts are fine as long as it’s the richest who do the best out of it.

The Conversation

Income redistribution or social insurance? A federal MP considers the future of the welfare state

The Albanese government has something of an embarrassment of intellectual riches, with no less than three of its MPs holding PhDs in economics. Two of them, Andrew Charlton and Andrew Leigh, are also prolific authors with at least a dozen books between them.

The Hindu

How ideology muddled inflation control in India

The agencies responsible for macroeconomic policy have hitched their wagon to Anglo-American economics

France 24

New PM: Boris Johnson 'will hang around and see it's all going to turn out'

A new Conservative prime minister has been picked in the UK, with Liz Truss gearing up to sift through the dispatch boxes and state papers. But her arrival at 10 Downing Street following Boris Johnson's resignation comes at a time of major strife in Britain, with a cost of living…

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