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The Latest Breaking News from Economics

Michael Pascoe: RIP trickle-down economics – even the financial markets have given up

Trickle-down economics: The cry of “you can’t tax your way to prosperity” is joined by “you can’t tax cut your way to prosperity either”.

The New Daily

Tamil Nadu should aim for public debt-GDP level of 18.36%: Study

Debt sustainability is possible only if fiscal deficit is brought down to 2%, says a Madras School of Economics paper

The Hindu

Review: 'Kautilyanomics: For Modern Times' by Sriram Balasubramanian

'Kautilyanomics: For Modern Times' is a book written by Sriram Balasubramanian, an accomplished economist and author. The book can be best described as the future of history. It brings together the modern context of Indian economics and seeks to apply the lens of what was already known in Kautilyan times…

The Times of India

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Keir Starmer calls trickle-down economics a ‘piss take’ as he slams Tory tax cuts

Labour has announced plans to end dependence on fossil fuels by 2030

The Independent UK

Forget trickle down, what the UK needs is middle-out economics

Liz Truss is banking on a failed policy. The focus should be on the real driving force behind economic growth

The Guardian - UK

Rishi Sunak said it was fairytale economics. That was one thing he got right

The markets have no faith in the mini-budget and the British people will soon feel its effects

The Guardian - UK

Starmer: Let’s set out alternative to Tories’ casino economics at conference

The Labour leader arrived in Liverpool on Saturday ahead of his party’s annual gathering.

The Independent UK

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Tory MPs hit out after Treasury minister describes criticism of tax cut as ‘politics of envy’

Mr Kwarteng was accused of betting on trickle-down economics

The Independent UK

Government says tax cuts flack is 'politics of envy'

Labour accused PM Liz Truss and Chancellor Kwasi Kwarteng of dabbling in 'casino economics'

Wales Online

Tories gambling with the finances of British people, says Starmer

Labour leader attacks ‘casino economics’ in wake of £45bn package of tax cuts announced by chancellor

The Guardian - UK

Are We Past 'Peak Petrostate'?

It's the economics of energy production that make petrostates more trigger-happy, Emma Ashford argues in Oil, the State, and War.

Reason

Labour’s Angela Rayner: ‘We’re very radical – but it’s radical and responsible and realistic’

The deputy leader on Liz Truss’s ‘fanciful’ economics and why people are starting to listen to Labour again

The Guardian - UK

Nigeria is producing less and less oil. Here's why

Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the Petroleum Exporting Countries in early September showed that Angola and Libya have overtaken Nigeria as Africa’s highest crude…

The Conversation

Analysis: Chancellor’s mini-budget presents Sir Keir Starmer with dilemma as UK returns to Thatcherite free market economics

The new Chancellor buried the legacy of Boris Johnson’s big spending, higher tax agenda

Evening Standard

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France 24

Windfall tax is a 'no-brainer', economist Jayati Ghosh says

Economist Jayati Ghosh believes a windfall tax is a "no-brainer". "The difficulty is how do you establish how much is windfall? It's very complicated," Ghosh tells FRANCE 24. She is a professor of economics at the University of Massachusetts Amherst and the newly appointed co-chair of the Independent Commission for…

The Guardian - UK

When Trussonomics arrives, the big winner may well turn out to be Labour

The PM’s assault on economic orthodoxy is a leap in the dark with every prospect of backfiring spectacularly, says Guardian economics editor Larry Elliott

Daily Mirror

Joe Biden calls UK 'closest ally' as leaders present united front after barbed remarks

In recent days Mr Biden has hit out at "trickle down economics" in what has been widely interpreted as a dig against Liz Truss's tax cut plans, and the UK has admitted there is no immediate prospect of a trade deal

Evening Standard

What is trickle down economics? Liz Truss’s suggestion for the UK economy

Liz Truss and Joe Biden are at odds over her plans to increase growth

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The Guardian - UK

‘No way’ Truss’s policies are trickle-down economics, says minister

Foreign Office minister Gillian Keegan replies to Joe Biden pouring scorn on tax cuts for the rich and businesses

The Independent UK

Liz Truss tax cuts for the rich are ‘not trickle-down economics’, Tory minister insists

Minister rejects label as prime minister says rich will benefit the most

The Guardian - UK

Liz Truss urges world leaders to follow UK with trickle down economics

Reports that stamp duty will be cut as PM uses speech to UN to argue for far-reaching tax reductions, putting her at odds with Joe Biden

The Guardian - UK

Liz Truss favours trickle down economics but results can be trickle up

UK PM is reviving the idea that cutting taxes for the better off ultimately benefits everyone. The IMF disagrees

Daily Mirror

Joe Biden lashes out at Liz Truss' favourite approach to economy hours before they meet

The US President said he was 'sick and tired of trickle-down economics' - exactly the approach Liz Truss is planning to take in a tax-slashing mini-Budget this Friday

The Independent UK

Liz Truss and Joe Biden clash over economic policy ahead of US meeting

US president attacks ‘trickle down’ economics, as PM admits her tax cuts will benefit rich most

The Independent UK

Biden slams ‘trickle-down economics’ as Truss plans to lift bankers’ bonus cap

US President Joe Biden will meet Liz Truss in New York on Wednesday.

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