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The Latest Breaking News on Economy

Disposable income set for biggest drop since 1956, watchdog warns

The Office for Budget Responsibility (OBR) shared its grim outlook after Chancellor Jeremy Hunt outlined billions of pounds of stealth taxes and cuts

Daily Mirror

Nicola Sturgeon accuses Jeremy Hunt of 'reintroducing austerity' and claims independence offers Scotland an alternative

The First Minister claimed the "alternative to Tory mismanagement of our economy" was "self-management of our economy, otherwise known as independence".

Daily Record

Martin Lewis gives verdict after government launches tax hiking Budget

Jeremy Hunt acknowledged there will be a ‘very big fall’ in living standards

The Independent UK

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Tories repeating past mistakes with autumn statement, warns Sturgeon

The Scottish First Minister said the UK Government’s choices may bring ‘significant consequences’.

The Independent 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

The Guardian - UK

Autumn Statement 2022: Key points from Jeremy Hunt’s speech

The Chancellor said his priorities were stability, growth and public services as he delivered the autumn statement

Evening Standard

Autumn Statement: A 'sad state of affairs' or are there 'signs of optimism'?

The Chancellor delivered his Autumn Statement to the House of Commons

Birmingham Post

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At a glance: Key points from Chancellor Jeremy Hunt’s autumn statement

The Chancellor said his priorities were stability, growth and public services as he delivered the autumn statement

Wales Online

Recession to wipe out 8 years of rising living standards, Treasury watchdog warns OLD

OBR sets scene for 2024 election, predicting ‘living standards fall 7 per cent over two years, wiping out eight years’ growth’

The Independent UK

Hunt unveils tax rises and spending cuts as OBR says eight years of growth to be wiped out

Labour describes autumn statement measures as ‘invoice for the economic carnage’ of disastrous mini-budget under Liz Truss

The Guardian - UK

More UK workers to pay increased tax, Jeremy Hunt confirms

Chancellor Jeremy Hunt has been speaking in Parliament about his plans to try and stabilise the UK economy

Nottingham Post

Jeremy Hunt says UK is in recession and 500,000 will lose their jobs

Mr Hunt said unemployment is expected to rise from 3.5% today to 4.9% by 2024

Wales Online

What can we expect from the Autumn Budget?

Jeremy Hunt expected to deliver harsh package of tax rises and spending cuts to plug £60bn shortfall

The Independent UK

What time is Jeremy Hunt’s Autumn Budget statement today?

Chancellor expected to deliver harsh package of tax rises and spending cuts to plug £60bn shortfall

The Independent UK

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The Guardian - UK

The Tories’ ‘fiscal black hole’ is a statistical fiction – let’s have a reality check

The government’s own arbitrary target is the source of this ‘shortfall’, says James Meadway of the Progressive Economy Forum

The Guardian - UK

Five charts that will shape the UK’s autumn statement

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

Liverpool Echo

Liverpool Council chief executive warns of 'substantial savings' needing to be made

The local authority has published proposals to plus a £73m funding gap

Evening Standard

Council tax: London boroughs where bills could hit £2,000 for first time next year

Average bills could go over £2,000 in eight London boroughs from April

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Manchester Evening News

Rishi Sunak says 'absolute priority' is to tackle the economy as stinging tax rises for everyone in UK expected

Inflation rates in the UK skyrocketed to a 41-year high as the Chancellor prepares to deliver his autumn statement tomorrow

The Independent UK

UK inflation jumps to 41-year high of 11.1% as food prices soar

Food prices up by record amount as energy bill support fails to halt rise

Chronicle Live

Martin Lewis speaks up on energy price promise slashing - 'Trussenomics totally hunted down and gone'

The Money Saving Expert has been very vocal about the state of UK politics and the part it plays in the current cost of living crisis.

Wales Online

UK to enter recession until summer 2023, experts warn

High energy prices, surging inflation, rising interest rates and global economic weakness to blame

The Independent UK

UK to be plunged into recession until summer 2023, economists warn

Britain’s economy is expected to shrink around 0.2 per cent each quarter from October through to June next year

The Independent UK

UK economy to enter recession until summer 2023, financial experts warn

Britain’s economy is expected to shrink around 0.2% each quarter from October through to June next year.

Tribune News Service

White House’s Rouse says Fed inflation push starting to work

The Federal Reserve’s interest-rate hikes to bring inflation under control are starting to work, while President Joe Biden is doing everything possible to support the U.S. central bank, two administration economic advisers said.

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