The Latest Breaking News from Economy

Institute for Fiscal Studies says UK faces ‘long, unpleasant journey’ over next few years

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation

The government has committed to introducing legislation in 2023 for gig economy workers.

The initiative would see money invested in companies in return for equity

Fewer people were in poverty in California in 2021 than in 2019. That’s the good news. The bad news is that this was due only to government relief payments, not to an improving economy or more job opportunities.

But chancellor says he does not have figures to base decision on

About 18 million people are eligible to vote for members of parliament and seven provincial assemblies in Sunday polls.

Chancellor defends keeping tax status as he warns of ‘challenging times’ and suggests Brexit has affected economy

There will be no recovery unless the chancellor addresses low productivity, the green economy and trading relations post Brexit, says economist Mohamed El-Erian

Based on the GDP measure in the first three months of 2022 growth in Wales was flat

Amazon confirmed on Thursday that it is laying off staff, after days of rumors that the e-commerce behemoth would become the latest tech giant to unleash a large-scale redundancy plan amid a souring economic environment. "The economy remains in a challenging spot and we've hired rapidly the last several years,"…