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The Latest Breaking News on Economy

German Growth Better Than Expected But Tariff Turmoil Looms

Germany's struggling economy grew faster than expected at the start of the year, data showed Wednesday, in a boost for the incoming government of conservative Friedrich Merz even as US tariffs threaten to derail the nascent recovery.

International Business Times

UK annual borrowing exceeds forecasts by almost £15bn in blow to Rachel Reeves

Chancellor may be forced to raise taxes or announce deeper public spending cuts, economists say

The Guardian - UK

Voices: Sadiq Khan: Here’s one thing I know that’ll get us closer to Europe – and a post-Trump bump

COMMENT: A new youth mobility scheme will bring the UK and the EU some much needed connection – and a shot in the arm for business, too, writes London mayor Sadiq Khan

The Independent UK

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Politics with Michelle Grattan: Warwick McKibbin on trying to model economic certainty in uncertain times

Global markets have remained on edge after Donald Trump’s “Liberation Day” tariffs caused panic worldwide. Now, more than ever, markets and economists are looking for trying to read the implications.

The Conversation

Independent Ireland outpacing Northern Ireland in raft of key measures, report finds

AN independent Ireland is outstripping Northern Ireland in the Union in economic performance and well-being indicators, a report has found ...

The National (Scotland)

The Guardian view on Friedrich Merz’s grand coalition: gambling on a new centre ground

Editorial: The deal signed last week between the centre-right CDU and centre-left SPD paves the way for vital investment in Europe’s biggest economy

The Guardian - UK

Trump tariff trouble to cast shadow on domestic market

While fresh insight into the Reserve Bank's rate decision is set to be revealed, all economic eyes will continue to be on the fallout from US-imposed tariffs.

AAP

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Voters want Keir Starmer to focus on rebuilding trade ties with EU, poll reveals

Open trade with Europe is more important to the UK than a deal with Donald Trump, most Britons believe

The Guardian - UK

Voices: Strong GDP growth is unexpected good news for Rachel Reeves – but there’s a ‘but’…

COMMENT : The boost to the British economy from a jump in exports to the US will be short-lived – thanks to Trump’s trade war over tariffs, says James Moore

The Independent UK

Is the Economy at Risk of a Recession Because of Tariffs? What the Experts Are Saying

With the stock markets up and down and tariffs on and off everyone including retirees may wonder what it means for the economy. Here's what the experts think.

Kiplinger

Starmer’s economic reset must include an honest debate about income tax

THE INDEPENDENT VIEW: Editorial: In this ‘new world order’ the UK should look towards the Commonwealth, the EU and other nations for further trading relationships

The Independent UK

Labor will urge Fair Work Commission to give real wage rise to three million workers

The Labor Party on Wednesday will urge the Fair Work Commission to grant a real wage increase to Australian workers on awards.

The Conversation

Dire stat demands 'urgent reform' from election winner

Whoever forms government after the election will need to deliver substantive reform to fix Australia's long-term productivity challenge, economists say.

AAP

Spring statement 2025: Graphs reveal economic impact of Rachel Reeves' plans

GDP and productivity are not likely to grow at the pace that ministers had hoped

Evening Standard

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Evening Standard

Lower inflation – what it means for bills, taxes and shopping

A fall in the cost of clothes was the main reason for a drop in the rate of inflation; however, imminent increases to the cost of services mean people may not feel any better off

Evening Standard

Graph reveals how UK tax burden will hit record high after Spring Statement

Income tax and national insurance contributions are the main drivers behind the jump in the overall tax burden

AAP

Budget fails on new money for violence against women

Anti-family violence groups working with men to put an end to the issue have slammed the lack of new funding for measures in the federal budget.

The Guardian - AU

Australia’s tax take is higher – but so are debt and deficit in this year’s budget

Higher-than-expected revenue has put the economy in a stronger position than last year and is helping fund pre-election policies including tax cuts

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The Guardian - AU

Labor defies criticism to add 3,400 public service roles

Katy Gallagher says staffing increases are necessary and an ‘investment in the future’

AAP

Budget fundamentals smashed as storms cloud outlook

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

AAP

Workers to benefit as wages growth outpaces inflation

The outlook for wages is improving as inflation falls, growth picks up and clauses stopping workers moving to higher pay jobs are ditched.

The Guardian - AU

Chalmers delivers 2025 budget speech – as it happened

This blog is now closed

Evening Standard

Bank of England governor calls for co-operation amid tariff war

Andrew Bailey was speaking after the Bank voted to hold interest rates last week while policymakers assess the impact of US trade tariffs.

AAP

Budget week to bring inflation, cost-of-living news

The Albanese government will look to further ease cost-of-living pressures without adding to inflation when it delivers its fourth budget.

The Guardian - UK

Troubled UK statistics agency warns of errors in its growth figures

ONS, already working on fixing a survey, uncovers problems with two indices used to measure prices in economy

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