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The Latest Breaking News from Economy

Energy crisis: why government support for businesses could harm the economy in the long run

The UK government hopes to protect businesses and public sector organisations against spiralling energy costs with a package that parallels the price cap and support payments recently promised to households. But these significant interventions come with a large and imprecise price tag that raise serious doubts about the government’s future…

The Conversation

Inflation, unrest challenge Bangladesh's 'miracle economy'

Bangladesh's economic miracle is under severe strain as fuel price hikes amplify public frustrations over rising costs for food and other necessities

The Independent UK

What to expect from the mini budget as rich set to benefit from tax cuts

Ahead of the announcement the Chancellor revealed the National Insurance hike introduced by former Chancellor Rishi Sunak would be reversed on November 6.

Daily Record

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Consumer confidence plunges to another record low amid deep concerns over personal finances

GfK's index shows the new low is the fourth time it has been recorded in the past five months as people fret over the state of the economy

Wales Online

Coalition, Labor say low risk of recession

The Labor government and federal opposition believe Australia's economic fundamentals are strong, but there are headwinds coming from overseas.

AAP

Kwarteng ‘dash for growth’ in mini-budget sparks fears for environment and economy

‘Growth plan’ will break ‘cycle of stagnation’, chancellor promises

The Independent UK

UK in recession and further interest rate hikes probable, Bank of England warns

Threadneedle Street makes clear on eve of tax-cutting mini-budget that plans risk triggering more rate rises

The Guardian - UK

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What to expect in tomorrow's Mini-Budget - Stamp Duty, energy bills and National Insurance

Everything we know about Kwasi Kwarteng's statement tomorrow - from Bankers' Bonuses to the real living wage.

Chronicle Live

Bank of England warns UK 'may be in recession' as it hikes interest rates

The Bank of England has warned that the UK economy may already be in recession, as it hikes interest rates for the seventh time to combat the spiralling pace of price rises. Inflation is still hovering nearly 40-year highs at just under 10 percent. Meanwhile, Turkey's central bank continues its…

France 24

Mini-Budget 2022: All predictions with Stamp Duty, energy bills and National Insurance

What time is the mini-Budget? Will it increase the real living wage? And why on earth is it tipped to axe the bankers' bonuses cap? Here's everything we know about Kwasi Kwarteng's statement

Daily Mirror

2 Stocks You Should Take off Your Watchlist This Fall

The central bank has dished out another 75 basis-point rate hike in its efforts to tame the decades-high inflation. With a recession expected to hit the economy soon, fundamentally weak stocks Snap (SNAP) and Palantir Technologies (PLTR) might be best avoided. Read on….

StockNews.com

Scott Burns: Limiting workdays could rearrange life and our economy

Do you ever get the feeling there is something fundamentally wrong with how we live?

Tribune News Service

Why Liz Truss is no Margaret Thatcher when it comes to the economy

The UK’s new prime minister, Liz Truss, has made no secret of her admiration of her late predecessor, Margaret Thatcher. However, anyone expecting a swift return to Thatcherite policies in 2022 should probably take a closer look at Truss’s politics.

The Conversation

Most Americans Say Immigrants Make the U.S. Better. So Why Don't Politicians Do Anything About It?

Democrats pander to immigrants but do little to liberalize the system. Meanwhile, Republicans' hostility to immigrants has increased.

Reason

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Reuters

Canada to review impact of cannabis legalization four years on

Canada on Thursday launched a review of the country's legalization of recreational cannabis use four years ago to evaluate its impact on youth, indigenous minorities and others, and analyze its effect on the economy and the illegal marijuana market.

The Hindu

As economy revives, Bommai expects more revenue

Bengaluru

The Independent UK

Average US long-term mortgage rates climb to 6.29% this week

Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2007, a result of the Federal Reserve’s intensified effort to tamp down decades-high inflation and cool the economy

The Independent UK

More Americans apply for jobless aid

The number of Americans filing for jobless benefits rose slightly last week despite the Federal Reserve’s year-long battle against inflation that’s intended to cool the economy and the tight labor market

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Al Jazeera

Who is Kwasi Kwarteng, the UK’s first Black chancellor?

And how does he plan to save the UK’s imperilled economy?

Insider UK

UK in recession as Bank of England hikes interest rates to highest since 2008

Interest rates have risen to 2.25% from 1.75% – the highest level since November 2008

The National (Scotland)

UK economy likely already in recession as Bank hikes interest rates to 14-year-high

THE UK economy is likely to be in recession after the Bank of England announced it expects GDP to fall over the next quarter and that it would hike…

Chronicle Live

New report shows Northumberland tourist economy doubles in post-covid recovery

The number of those directly employed by tourism in the county has also recovered by more than 60 percent

Ballotpedia

Monitor the intersection of politics and business with our Economy and Society newsletter

Welcome to the Thursday, September 22, Brew.

Birmingham Post

'Decisive action, clarity and simplification' or 'smoke and mirrors': North West business leaders share views ahead of mini-Budget

Leaders from across the region have had their say

Los Angeles Times

California seeks to ban sales of diesel big rigs in a bold bid to cut pollution

Saying they had a “moral obligation,” California regulators could soon ban the sale of diesel big rigs by 2040, ending a long reliance on the polluting vehicles that are the backbone of the American economy.

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