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The Latest Breaking News on Economy

UK economic growth in October a 'false dawn', say experts

THE UK is heading into an expected recession as the economy shrank between August and October.

The National (Scotland)

Swinney talks of ‘difficult decisions’ ahead of Scottish budget

Social Justice Secretary suggests that those with the broadest shoulders should take more of the tax burden

Insider UK

John Swinney urged to use devolved tax powers to ease Budget pressures

JOHN Swinney should consider using devolved tax powers to balance the books when he presents the Scottish Budget this week, an economic research…

The National (Scotland)

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Business rates in Wales will be frozen for the 2023-24 financial year says Welsh Government

The decision is part of a £460m Welsh Government business support package for the next two financial years

Birmingham Post

Northern Ireland private sector slows sharply, but inflationary pressures ease - Ulster Bank PMI

The local economy reported its seventh successive monthly drop in output

Birmingham Post

Early years education and colleges to bear brunt of funding squeeze – IFS

Early years education, colleges, sixth forms and universities will all face a difficult few years ahead, experts have warned.

The Independent UK

NSW govt to make rental auctions 'illegal'

Regulations are being introduced in NSW to prevent real estate agents from encouraging bidding wars between prospective renters to secure a lease on a home.

AAP

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Progress stalls on bridging gender pay gap

Australian women are earning significantly less money on average than their male colleagues, with a damning finding on progress toward closing the pay gap.

AAP

What are the dates of additional benefit payments in December?

Help is out there for those on low incomes struggling with rising prices and high bills as the weather gets colder

The Independent UK

Ultra-low unemployment to hold firm

The latest Australian Bureau of Statistics labour force data due this week is expected to show continued high competition for workers in the jobs market.

AAP

What are the dates of additional benefit payments in December?

Help is out there for those on low incomes struggling with rising prices and high bills as the weather gets colder

The Independent UK

Kwasi Kwarteng admits he and Liz Truss ‘blew it’ with economic reforms

Former Chancellor has admitted he and Liz Truss got ‘carried away’ with their economic reforms that caused a crisis

Evening Standard

What are the dates of additional benefit payments in December?

Help is out there for those on low incomes struggling with rising prices and high bills as the weather gets colder

The Independent UK

'Staff cuts, council tax hikes and services slashed' as budget black hole widens by £10m in just four months

Councillors will have to consider cutbacks in staffing, hikes in the council tax and diminished services across

Daily Record

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The Independent UK

Sri Lanka's Parliamant approves budget amid economic crisis

Sri Lanka’s Parliament has approved a budget that includes reforms aimed at improving the country’s finances as it attempts to recover from its worst economic crisis

Newcastle Herald

Hunter businesses 'downbeat', new survey results show

Businesses in the Hunter region are more concerned than the NSW average when it comes to rising interest rates and energy costs, according to the latest Business Conditions Survey.

Salon

Dems try new child tax credit tactic

Progressives threaten to block Republican tax break for companies unless they can lift more kids out of poverty

Axios

Warning signs in jobs data

Beneath the surface of a job market that appears exceptionally strong, things might be getting bumpier.

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news in one place.

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Tribune News Service

Commentary: House Republicans must change course on wasteful spending

This holiday season, working families across America are struggling through the worst bout of inflation in decades. A typical household has lost more than $7,000 in purchasing power since January 2021 due to prices rising faster than incomes.

Liverpool Echo

DWP benefits claimants to be disrupted by staff strike this Christmas

Universal Credit, PIP, ESA and other claimants could see their interviews impacted

The Conversation

Australia wants international students to stay and work after graduation. They find it difficult for 4 reasons

International students are flooding back to Australian universities. Some predictions say 2023 could even see record numbers of overseas students in the country.

Tribune News Service

Why did so many US men quit working? Social status may hold the key, study says

A decline in social status relative to better-paid peers is a key reason why so many American men have dropped out of the labor force, according to the latest paper to examine a conundrum that’s baffled economists for decades.

Businessweek

China Is the Wild Card for Global Inflation in 2023

The country’s long-awaited emergence from Covid Zero would ignite its economy and put upward pressure on prices around the world.

The Guardian - AU

Thousands of Australians locked out of employment as entry-level jobs dry up, survey suggests

Anglicare says there are 15 applicants per position but many often stand little chance of success due to lack of experience, age and other barriers

The Guardian - AU

The RBA keeps slamming on the brakes, but the economy has already very much slowed down

GDP figures show wages and not just profits are starting to generate growth. Still, disposable income is going backwards

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People

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Australian Bureau of Statistics

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National Education Union

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