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The Latest Breaking News from Simon French

Labour’s economic illiteracy is dragging us into a doom loop

A debt disaster is looming — and too many backbenchers just don’t understand the grim reality

Evening Standard

Pound and UK bonds recovering after Starmer backs Reeves; US economy adds 147,000 jobs in June – business live

Rolling coverage of the latest economic and financial news, as economists predict that Wednesday’s sell-off has strengthened Reeves’s position

The Guardian - UK

Chancellor could have to break one annual fiscal event commitment – experts

The Chancellor will deliver a statement on March 26 in response to the latest forecast from the budget watchdog.

Evening Standard

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

Big City development thwarted by men with tiny paintbrushes

“The UK economy is dealing with sclerosis of old age, and unable to politically chart the trade-offs.” Those were the thoughts this week of top economist Simon French.

Evening Standard

City on watch for Bank of England rate cut after latest lacklustre growth data

UK heads away from recession as economy grows in November but weak expansion adds to pressure on the BOE for action

Evening Standard

Week-long Tube strike could cost London economy £100m a day

‘Entire country will suffer’ if capital grinds to a halt, leading business groups tell The Independent

The Independent UK

UK economy set to escape 2024 'hard landing' in boost for Sunak

After a brush with recession, consumers are set to spur a rebound

Evening Standard

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Four charged with fraud over Patisserie Valerie collapse; UK GDP shrinks 0.5% in July – as it happened

All three main sectors of the economy in decline after strikes by doctors, radiographers and teachers, while construction and retail hit by wet weather

The Guardian - UK

London Underground strikes called off; UK government borrowing falls – as it happened

Planned tube strikes next week called off after talks breakthrough; government borrows £18.5bn in June, third-highest June borrowing on record

The Guardian - UK

US debt default threatens global chaos making 2008 recession 'look like tea party'

The US has raised its debt ceiling limit multiple times in the last decade up to $13.4 trillion but a deal must be struck before the end of the month to avoid default which could spark a terrible recession

Daily Mirror

Brexit a big factor in companies snubbing London for New York, says senior economist

UK stock market valuations have slumped since the 2016 vote to leave the EU

Evening Standard

Residents lodge complaints, leave Maydena due to regeneration burns nearby

Residents of a rural Tasmanian town were told to either leave, or wear masks, when dense "acrid" smoke blanketed the valley following more than 115 hectares of regeneration burns.

ABC News

Headteacher leaves role after parents and students protest 'strict' new school rules

Pupils and parents clashed with a headteacher over new rules at the Stoke-on-Trent school, as well as his "derogatory" remarks about false eyelashes - for which he later apologised

Daily Mirror

Mountain biking Enduro World Series taking place at popular Maydena Bike Park bordering logging coupe

Maydena Bike Park is hosting the 2023 round of the Enduro World Series next month, but there are increasing concerns about Sustainable Timber Tasmania logging operations in nearby.

ABC News

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Evening Standard

More trouble for Truss as house prices face fall

Owning bricks and mortar in UK as been largely a one way bet - particularly in London

Evening Standard

Train strikes will be £120million hammer blow to London

Warning that stoppages will hit economy as London bears brunt in four days of travel woe

The Guardian - UK

Bank of England says inflation will hit 11% after raising interest rates to 13-year high – as it happened

UK central bank has raised interest rates to 1.25%, warned inflation will exceed 11% in autumn, and cut growth forecast for this quarter

The Independent UK

Prosecutions launched over Croydon tram crash

The Office of Rail and Road said it is prosecuting Transport for London, FirstGroup-owned Tram Operations Limited and driver Alfred Dorris.

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