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The Latest Breaking News from Economics

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

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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

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…

France 24

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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

The Guardian - UK

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

Daily Mirror

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

Evening Standard

‘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 Guardian - 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 Independent 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

The Guardian - UK

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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.

Birmingham Post

TalkTalk issues superfast broadband warning

The communications provider commissioned a report by Frontier Economics

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The Hindu

Arunachal constable ‘chases’ butterflies, teaches economics

Roshan Upadhaya has so far recorded seven species in State

The Guardian - AU

The brutal economics of celebrity culture is turning children into marketing mannequins

The Kardashian children, and others, are working in adult spaces for the family business, whether the parents admit it or not

The Guardian - UK

Liz Truss is turbocharging bankers’ bonuses. What a gift for Labour

Champagne will be uncorked in Canary Wharf – and along with it, a clear them-and-us narrative, says Larry Elliott, the Guardian’s economics editor

The Hindu

How to think like Albert Einstein

Exertion and isolation are key elements in the making of revolutionary ideas. Can our classrooms prepare students accordingly?

The Conversation

What happened when we gave unemployed Australians early access to their super? We've just found out

One of the most well-established practical observations in economics is that when we give an unemployed person a payment, it tends to delay their return to work.

The Independent UK

US sets up Afghan relief fund with frozen central bank money

The U.S. and Swiss governments and Afghan economics experts say they'll transfer $3.5 billion in frozen funds from Afghanistan’s central bank to use for the country’s people as hunger grips every province there

Daily Record

Cost of living handouts from Liz Truss and her cronies will only benefit the wealthy

Record View on the Conservative economics in a nutshell – handouts are fine as long as it’s the richest who do the best out of it.

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