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The Latest Breaking News from Recession

Nationwide sets aside £108m for bad loans as borrowers face surging costs

Building society says it expects relatively few of its customers to default on repayments in cost of living crisis

The Guardian - UK

Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election

UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still…

The Conversation

Jeremy Hunt slams Tory MPs attacking tax rises: ‘Nothing Conservative about ducking difficult decisions’

Chancellor hits back at MPs attacking his £24 billion of tax rises

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Russia falls into recession as Western sanctions lead to a 4% fall in GDP

Russia has plunged into a recession after its economy shrank by 4% in the most recent financial quarter, with the effects of Western sanctions on trade now taking hold

Daily Mirror

America is heading for a soft landing while the U.K. is expecting its worst decline in living standards—ever

Americans are fretting over an expected recession, but the economy is in many ways strong. Things are gloomier in the U.K.

Fortune

ASX finishes higher with OzMinerals up 4 per cent, as BHP's 'final' offer values it at $9.6 billion

OzMinerals' stock has topped the ASX 200 on Friday, after the company reveals a final offer from BHP that values it at $9.6 billion.

ABC News

Biggest hit to living standards on record as Hunt lays out autumn statement

Austerity is pushed back until after the next election amid evidence of higher energy bills and a protracted recession

The Guardian - UK

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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

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

No-jokes Jeremy Hunt can’t bridge gap between Tory fantasy and reality

The message was that we were screwed for the foreseeable – just forget about who was to blame

The Guardian - UK

Should your digital marketing strategy change in times of recession?

With a recession now confirmed, Edwina Mullins, digital marketing consultant and trainer from SocialB explains why now is the right time to invest in highly measurable digital marketing

The Guardian - UK

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

Wales Online

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.

The Conversation

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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)

Pound plummets as markets spooked by Tory austerity budget

THE pound has dropped sharply against the US dollar as financial markets fretted over warnings the UK is already in recession and fears Chancellor…

Birmingham Post

East Midlands business leaders say Autumn Statement 'high on stealth-creation and low on wealth-creation'

FSB says SMEs 'face even higher taxes, cuts to innovation, and a recipe for a longer and deeper recession'

The Independent UK

How long will the recession last in the UK?

The answers to some of the top trending questions following the Chancellor’s autumn statement.

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news in one place.

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Manchester Evening News

Sacha Lord fears entertainment venues could close ‘at faster rate than in pandemic’ following autumn budget

Chancellor Jeremy Hunt announced further cost of living increases as the UK enters a recession

Wales Online

Pound tumbles against dollar after austerity budget

It was confirmed that the UK is already in recession

Manchester Evening News

How long will the UK recession last?

The government unveiled a series of economic plans to tackle the cost of living crisis and soaring inflation

The Guardian - UK

Will the autumn statement do enough to ease the recession? Our panel’s verdict

The chancellor has presented the government’s economic plans as Britain suffers the highest inflation for 40 years

Daily Mirror

Rachel Reeves accuses Tories of 'picking pockets' of millions of Brits with Autumn Budget

The Shadow Chancellor Rachel Reeves said Britain 'can longer afford a Conservative Government' after Jeremy Hunt confirmed the UK is now in recession with the economy expected to shrink further in 2023

The Guardian - UK

Worst fall in UK living standards since records began, says OBR

Spending watchdog says Britain is in recession and unemployment will rise by 500,000

StockNews.com

3 Stocks to Buy Before 2022 Comes to an End

With the Fed indicating that the final level of interest rates will be higher than expected, many analysts expect the economy to slip into a recession next year. Since the stock market will likely remain under pressure, investors should consider buying fundamentally strong stocks UnitedHealth Group (UNH), Merck & Co.…

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