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The Latest Breaking News on Economy

Why shock drop in jobs won't shift RBA rate cut bets

Fewer older Australians returned to work in February, driving a surprise fall in jobs and workforce participation but the labour market remains tight overall.

AAP

Expect a lot of talk about Australia’s deficit, but remember the golden rule: budgets are always about choices

The world trade system, and our ability to trust our biggest defence ally, is all gone to hell. What will Labor prioritise in the 2025 federal budget in such an uncertain global environment?

The Guardian - AU

Bank Of Japan Holds Rates, Warning Of Trade Uncertainty

The Bank of Japan left its key interest rate unchanged Wednesday in a widely expected move given the global economic uncertainty fuelled by US trade tariffs.

International Business Times

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Bank Of Japan Expected To Hold Rates

The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision, with analysts pointing to economic uncertainty fuelled by US trade tariffs.

International Business Times

Treasurer Chalmers promises ‘meaningful and substantial’ cost of living help in Tuesday’s budget

Next week’s budget will have cost-of-living assistance that will be meaningful and substantial but “responsible”, Treasurer Jim Chalmers has said.

The Conversation

Treasurer to tighten belt in 'few surprises' budget

Treasurer Jim Chalmers has hosed down speculation of a major upgrade to forecast revenue and warned of "few surprises" on budget night.

AAP

UK media blasted for branding economic decline under Labour 'unexpected'

MAINSTREAM media platforms have come under fire for describing the UK economy shrinking as "unexpected" ...

The National (Scotland)

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UK economy shrinks in first month of 2025 in setback for Rachel Reeves

The UK economy has shrunk in the first month of 2025 in a setback for Chancellor Rachel Reeves ...

The National (Scotland)

Shrinking economy offers unhelpful backdrop for Rachel Reeves’s growth push

GDP goes in wrong direction as chancellor puts final touches to fiscal plans

The Guardian - UK

UK Economy Unexpectedly Shrinks In January In Blow To Govt

Britain's economy unexpectedly shrank in January, official data showed Friday, piling more pressure on the Labour government ahead of its Spring Statement on the economy.

International Business Times

S.Africa Revised Budget Gets Booed Despite Smaller Tax Hike

South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government.

International Business Times

Leading economists call out coalition's inflation claim

As the economy looks set to be front and centre in the election campaign, one of the coalition's leading inflation claims has been called "a joke" by experts.

AAP

Firms hold back on hiring amid ‘significant cost rises’, surveys say

KPMG/REC report shows decline in people being placed in roles continues, while unemployment is rising, says BDO

The Guardian - UK

Mixed Jobs Report Offers Relief for Now: What the Experts Are Saying

The February employment figures were rough around the edges but largely met expectations.

Kiplinger

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Evening Standard

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.

The Guardian - UK

UK awarded its lowest ranking for workplace gender equality in a decade

‘Sluggish’ pace in tackling gender pay gap and worsening employment levels push UK back to 18th in PwC index of OECD countries

AAP

Reasons for struggling productivity growth revealed

Inefficient use of resources and a lack of new ideas have contributed to Australia's declining productivity growth, the Productivity Commission says.

Evening Standard

Private sector employment falling at fastest rate since the pandemic

Business survey points to very slow growth in output in February

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Dynamite News

Will be Budget of prosperity": UP Minister OP Rajbhar asserts state's rapid growth

As the Uttar Pradesh Budget session for 2025-26 commenced, Minister Om Prakash Rajbhar on Tuesday asserted that the state would progress more rapidly on the path of development. Read further on Dynamite News:

The Guardian - UK

Insolvencies rise in England and Wales amid economic pressures; Lib Dem MP to appeal approval of Thames Water debt restructuring plan – as it happened

Rolling coverage of the latest economic and financial news, as plans to restructure Thames Water are approved by a High Court judge

AAP

Tight jobs market to keep inflation above target: RBA

The Reserve Bank of Australia has pushed back its prediction for when underlying inflation will return to the midpoint of its target band.

Latin Times

UK Economy Picks Up Ahead Of US Tariff Risks

Gross domestic product expanded 0.1 percent in the October-December period after zero growth in the third quarter of 2024, the Office for National Statistics (ONS) said in a statement.

Evening Standard

Sonic the Hedgehog boost for Reeves as UK economy unexpectedly returns to growth

Release of blockbuster much as Mafusa: The Lion King, Sonic the Hedgehog 3, and A Complete Unknown help boost growth in December .

The Guardian - UK

Labour will not release long-awaited industrial strategy until June

Strategies for life sciences to be published earlier but broader report expected in June

AAP

Business lobby backs tax boost to bolster productivity

The Business Council of Australia has called for the federal government to hand all companies a 20 per cent investment allowance in the upcoming budget.

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