The Latest Breaking News from Recession

The papers on Friday focus solely on the expected recession as readers are told to ‘batten down the hatches’.

Slashing EU red tape ‘a priority’ in plan to beat recession, says frontrunner in Tory race

Australian shares rise to their highest level in two months, after oil prices sink to their lowest level since before Russia's invasion of Ukraine, and the Bank of England announces its biggest interest rate hike in 27 years and warns of a long recession for Britain.

Prime Minister Boris Johnson is reportedly on honeymoon in Slovenia while Chancellor Nadhim Zahawi enjoys a family break while families around the country are worried about how they'll pay their bills

Tory leadership rivals disagree on how to turn economy around and avoid predicted downturn in Sky news debate

Rival insists shrinking economy is not ‘inevitable’

British foreign minister Liz Truss clashed over the future of the economy with former finance minister Rishi Sunak on Thursday as the two contenders to be Britain's next prime minister debated the Bank of England's warnings of a long recession.

The shocking assessment of the economy has reset the backdrop for the Conservative leadership contest

Rishi Sunak warned pouring ‘fuel on the fire’ could create ‘misery for millions’ as he hit out at his Tory leadership rival’s plans.

The Fed’s aggressive interest rate hikes and the economy's contraction for two consecutive quarters have increased the odds of a potential recession. Nevertheless, robust corporate earnings and some positive economic data have greatly supported the downside of the benchmark indexes lately. Therefore, we think it could be wise to invest…

The Foreign Secretary claimed that her tax cuts would help to repay public debt back in the long-term