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The Latest Breaking News from Economy

RBA stares down 'increasingly homegrown' inflation

The head of Australia's central bank says the drivers of inflation are shifting and that means it will be harder to combat price pressures in the economy.

AAP

Brexit has ‘chilled’ business investment, says Bank of England deputy governor

Dave Ramsden tells MPs referendum fallout also contributed to lower speed limit for growth of UK economy

The Guardian - UK

OPINION - Jeremy Hunt's big Autumn Statement problem is that trust in economic justice has collapsed

'The economy, stupid': rarely have three words been so debased by overuse as the campaign message coined by James Carville, Bill Clinton’s chief strategist in the 1992 US presidential race; a slogan which has been the inspiration of countless headlines in the past three decades.

Evening Standard

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Blow to gig economy workers after UK supreme court rules against collective bargaining rights

Top court says riders were self-employed contractors and do not have a right to collective negotiations on pay and conditions

The Guardian - UK

New Argentinian president Javier Milei promises to 'take a chainsaw' to country's crippled economy

When Javier Milei’s opponent in the 2023 Argentinian elections conceded victory on Sunday night it was obvious that the maverick libertarian economist was going to win big. And he did: once counting finished on Monday, Milei had taken 56% compared to 44% for his opponent, former finance minister Sergio Massa…

The Conversation

Autumn statement: tax cuts could boost UK economy, but businesses also need more certainty

It’s the right time to cut taxes to grow the economy, according to Prime Minister Rishi Sunak. Both he and the chancellor have been discussing the “path to reducing the tax burden” in recent days.

The Conversation

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…

Evening Standard

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Outdoor recreation contributed over $1 trillion to the US economy in 2022

Outdoors adventures accounted for 2.2% of the US’s GDP in 2022 – more than oil/gas extraction and mining combined

Advnture

A new global study shows the real reason the West is still one step ahead of Asia when it comes to the digital economy–and it’s not technological prowess

Findings from the NRI confirm that technological excellence alone is not enough.

Fortune

Oil-rich Saudi Arabia is shelling out for the world’s top sports, but can Mohammed bin Salman buy himself an auto industry?

With Hyundai and tire maker Pirelli setting up plants, the ruler has already struck key deals, but experts doubt the investments are self-sustaining.

Fortune

Deliveroo wins Supreme Court case against union over employment status of riders

The landmark ruling is 'fundamentally important for the gig economy, not just for Deliveroo'

Evening Standard

AVIXA Report: Sales Growth Rebounds as U.S. GDP Stuns

The expansion is solid, but integrators are still being impacted by nagging supply chain issues and other economic factors.

AVNetwork

Nigerian workers’ wages diminish as inflation rises and gov’t revenue dips

Nigerian public sector workers may earn slightly more than they did years ago, but can afford fewer things than before.

Al Jazeera

Pressure grows on Hunt to cut income tax as millions more face paying it

Hopes that nearly 4 million low paid UK workers would be able to keep more of their earnings if personal allowances are uprated

The Guardian - UK

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The Guardian - AU

November interest rate rise was needed to avoid risk of larger future increases, RBA says

Minutes of the November meeting show the RBA board believed the risk of inflation continuing above target was too high to keep rates on hold

The Independent UK

Tory hopes grow of tax cuts at autumn statement after Sunak speech

A benefits shake-up that would see those with mental health or mobility problems told to search for work which is possible from home is also expected.

The Independent UK

Government to invest £20m helping universities turn research into businesses

The funding is intended to support the ‘next generation’ of university ‘spin-outs’.

The Hindu

Making sense of the employment challenge

The case of high working hours in Germany and East Asia in the middle of the last century, backed by public funding and coercion, is not an experience helpful to understanding the present in India

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France 24

‘El Loco’ at the helm: What next for Argentina under outsider president Javier Milei?

A former TV personality-turned political maverick, Argentina’s president-elect Javier Milei has promised no half-measures as he bids to make his stricken country “great again”. Riding a wave of anti-establishment rage, the far-right outsider known for his foul-mouthed outbursts will have no time to bask in his stunning victory as he…

The Hindu

Leap in the dark: On the election of Javier Milei, in Argentina

The election of Javier Milei as the President of Argentina is a boost for the far-right in the Americas

The Guardian - UK

If Rish! makes a speech and no one is there to hear it, has he made a speech?

Rishi Sunak’s weekly relaunch featured five new promises he won’t be around to keep

The Guardian - UK

Does Javier Milei’s dollarisation plan for Argentina make any economic sense?

President-elect’s idea is a gamble that is likely to crash an economy paying the price for mistakes of his predecessor

The Independent UK

What will Jeremy Hunt unveil in the Autumn Statement?

Jeremy Hunt is set to deliver the Autumn Statement on Wednesday

The Independent UK

Treasury accused of ‘pure dogma’ by Patrick Vallance in pandemic notes

The Government’s former chief scientific adviser said there was a lack of transparency on analysis of Covid-19’s impact on the economy.

The Conversation

Autumn statement: what to expect, what they're not saying, and the traps for Labour

Chancellor Jeremy Hunt’s budget on Wednesday, November 22 will put into place a major piece of the Conservative party’s strategy for the general election – the plan to turn the economy around and tackle the cost of living crisis. But with just over a year to go before an election…

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