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The Latest Breaking News from Economy

Scottish Chambers president urges ‘economic coalition’ between business and political leaders

First Minister addresses annual event by promising to work with businesses to benefit the wider economy

Insider UK

UK won’t drag Ireland into a recession – Varadkar

Ireland’s deputy premier Leo Varadkar said the Irish economy was decoupled from the UK’s a long time ago.

The Independent UK

3 Consumer Stocks to Buy and Hold for Years

Although inflation has shown some signs of cooling, rate hikes are expected to continue. The consecutive rate hikes could tip the U.S. economy into a recession. As consumer staples face a stable demand, Coca-Cola (KO), Constellation Brands (STZ), and Lifeway Foods (LWAY) could be solid buys for the long run…

StockNews.com

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US jobless claims retreat slightly, hovering near historic lows

Applications for U.S. unemployment insurance unexpectedly fell slightly last week and remained near historic lows, showcasing the strength of the labor market as other parts of the economy cool.

Tribune News Service

The pain may be partially postponed, but Hunt’s statement will win him few friends

Analysis: with half of all British households set to be worse off next year, many Tory MPs fear voters will turn against them

The Guardian - UK

Pay more tax, get less in return: this budget lays bare the bleak reality of Britain’s economy

Jeremy Hunt didn’t mention that living standards may fall by 7% over the next two years, leaving many people treading water, says Guardian columnist Gaby Hinsliff

The Guardian - UK

1 Defensive Stock Under $5 to Buy This Week

Despite a slight decline in inflation, the Fed is expected to keep interest rates high, which could tip the economy into a recession next year. Consumer staples businesses like beverages are considered defensive as they witness stable demand amid weak economic conditions. Hence, fundamentally sound beverage maker Ambev (ABEV), trading…

StockNews.com

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Republicans Need an Actual Plan To Grow the Economy

The biggest beneficiaries of economic growth are poor people. But the deepest case for economic growth is a moral one.

Reason

The market is watching the Fed like a hawk to see when it pivots. Too bad the Fed is split on what to do

Fed official James Bullard says interest rates have to go even higher to bring down inflation, while others disagree.

Fortune

'Tories have decided working people will pay the bill for them crashing economy'

In an article for the Mirror, Shadow Chancellor Rachel Reeves said the government expects ordinary people to pay the price – with stealth taxes on working people, and tax breaks for the banks.

Daily Mirror

Digital Economy Gives New Impetus to Deepen Sino-Thai Relations

Nowadays, facing the overlapping impact of a great change that has not happened in a century and the pandemic of the century, the international situation is complex and turbulent, and all countries in the world are facing new problems and challenges in their developments.

Bangkok Post

Autumn statement 2022: Grim historic milestones facing the UK economy

Living standards are set to slump back to levels last seen in 2013/14.

The Independent UK

'No pain, no gain' - West Midlands reacts to Autumn Statement as firms call for more levelling up and hospitality support

Firms welcome Jeremy Hunt's ambition for UK innovation

Birmingham Post

'It is arrogant and offensive': North East disappointment following the Autumn Statement

The Chancellor Jeremy Hunt's Autumn Statement included announcements about tax, stamp duty and the NHS

Chronicle Live

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Fortune

Australian mining billionaire contributes $740M to rebuild Ukraine

Australian mining magnate Andrew Forrest is predicting a “golden era” for Ukraine with some help from his fund, the Ukraine Green Growth Initiative.

Wales Online

How long will the UK recession last and other top questions about the autumn statement answered

Chancellor Jeremy Hunt’s autumn statement has caused a spike in Google searches about the economy

The Conversation

Autumn statement 2022: experts react

UK chancellor Jeremy Hunt laid out his plans for the British economy today. The statement was made against a backdrop of a more than 40-year inflation high and recession warnings from the Bank of England.

Evening Standard

Autumn Statement post-mortem: living standards to plummet as taxes soar

If there is one figure to bear in mind amid a sea of epically bad numbers in today’s Autumn Statement and accompanying Office for Budget Responsibility (OBR) fiscal outlook, it is this: underlying public sector net debt will be £400bn (18% of GDP) higher in 2026-27 than was forecast in…

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Evening Standard

Vauxhall, Bromley and Woolwich receiving six-figure injection to help boost night life

The borough councils will each be awarded £130,000 in funding to develop ways of making streets more welcoming after 6pm

Birmingham Post

From shops to start-ups - what the Autumn Statement means for your business

We look at some of the key announcements in the Autumn Statement and what they mean for business

Birmingham Post

Welsh business leaders and political parties have their say on Autumn Statement

The OBR concluded the UK is now in recession and was facing an increase in unemployment

The National (Scotland)

Calls for First Minister to 'urgently transition' Scotland to a wellbeing economy

MORE than 100 organisations have written to the First Minister calling for an “urgent transition” to a wellbeing economy.

The Independent UK

UK budget takeaways: Higher taxes, more aid to needy

The British government has unveiled an emergency budget featuring billions in tax increases in a bid to restore trust and stability in the U.K. economy and help millions struggling to cope with a deepening cost-of-living crisis

Daily Mirror

Tories stare into abyss as Jeremy Hunt's 'my dog ate the economy' excuse falls flat

There was no rabbit in the Chancellor's Autumn Statement hat. It's been shot. And it turns out it had myxomatosis anyway

Daily Record

Nicola Sturgeon accuses Jeremy Hunt of 'reintroducing austerity' and claims independence offers Scotland an alternative

The First Minister claimed the "alternative to Tory mismanagement of our economy" was "self-management of our economy, otherwise known as independence".

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