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The Latest Breaking News from Economy

Maintenance backlog of crumbling schools and hospitals ‘costs at least £49bn’

The National Audit Office Ministers has also warned ministers that allowing the waiting list of repairs to linger is a ‘false economy’.

The Independent UK

Labour split over support for Heathrow expansion with Reeves set to give backing

Chancellor Rachel Reeves is expected to voice her support for a third runway at Heathrow despite opposition from cabinet collegue Ed Miliband and London mayor Sadiq Khan

The Independent UK

The Guardian view on England’s regional divides: still crazy after all these years

Editorial: A new study reveals the extent to which the economy remains one of the most unbalanced in Europe. Labour needs a broader vision to address the problem

The Guardian - UK

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The Czech Republic's car giant Skoda is defying parent Volkswagen's downturn

Volkswagen-owned Skoda is defying a broader downturn for the German carmaker.

Fortune

Climate group says Heathrow expansion would be ‘catastrophic’

Climate charity Possible said the ‘huge increase in emissions’ from a third runway ‘won’t help our economy’.

Evening Standard

Tax memes target Nirmala, but who’s the real villain here?

The term meme was coined by the British evolutionary biologist Richard Dawkins in his 1976 book The Selfish Gene. In this book Dawkins defined a meme as: “A noun that conveys the idea of a unit of cultural transmission… Examples of memes are tunes, ideas, catch-phrases, clothes fashions, ways of…

Newslaundry

New deep water quay and autonomous vehicles part of £300m Belfast Harbour plan

The proposals also include a focus on accommodating cruise ships.

Evening Standard

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Reeves heads to Davos in bid for more investment

The Chancellor said she ‘will not rest’ until the economy is growing.

Evening Standard

3 Specialty Retail Stocks Thriving in the Experience Economy

As the retail landscape shifts toward the “experience economy,” specialty retailers are capitalizing on unique consumer preferences and tailored experiences. For investors seeking opportunities in this evolving landscape, fundamentally robust stocks like Abercrombie & Fitch (ANF), Columbia Sportswear (COLM), and BARK Inc. (BARK) are leading the charge with their unique…

StockNews.com

Is the penny finally dropping on the post-Brexit economy?

Letters: Ed Gillam and Peter Goodair respond to Kemi Badenoch’s admission that the Tories didn’t have a plan for the post-Brexit economy

The Guardian - UK

“The first thing I said to Jordan Rudess was, ’You’ve got a pretty sick guitar player in your band. What are you asking me for?’” How Spiro Dussias became shred’s next great hope – and ended up giving Dream Theater guitar lessons

One of 2024’s standout metal guitarists on what it’s like to be compared to Tosin Abasi, why nothing compares to his ESP Horizon, and how amp modeling is about to get crazy

Guitar World

Ex-Asda and M&S boss says remote work is ‘not proper work’

Lord Stuart Rose said working from home has contributed to the ‘general decline’ of the UK economy.

Evening Standard

Working from home is ‘not doing proper work’ says former Asda boss

Lord Stuart Rose told the BBC that working from home was helping stoke the economy’s “general decline”

The Independent UK

Biden was a remarkably consequential one-term president

His greatest successes came in domestic policy. Inheriting a post-pandemic economy, Biden orchestrated the best recovery in the industrial world

The Guardian - US

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The Independent UK

Voices: Reeves is wrecking UK growth by alienating wealthy entrepreneurs who bring investment and jobs

COMMENT: Reeves and her boss Keir Starmer do not appear to understand the competition to attract the international rich – and the benefits they bring

The Guardian - UK

If Rachel Reeves wants growth, improved community cohesion could be essential

A new paper has found that social capital ‘is the cake, not the icing’ of a strong, well functioning economy

The Guardian - UK

Market turmoil has calmed but Rachel Reeves faces more challenges ahead

Chancellor survives chaos in markets but faces more questions on growth, cuts, public sector pay and fraud

The Guardian - UK

Keir Starmer will have to stick by Rachel Reeves – they’re lashed to the same mast

When you’re presiding over a flatlining economy, every error is magnified and there is little credit for the things you’re doing right

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The Guardian - UK

From GDP to trade, how well equipped is China’s economy for Trump 2.0?

Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the US

The National (Scotland)

UK residents are much poorer than those in Europe. Is independence the answer?

PEOPLE living in the UK are 39 worse off than those in neighbouring countries, a think tank found this week – and campaigners argue independence…

AAP

World economy holds breath on eve of Trump inauguration

Australian home building data will be scrutinised for signs of progress on housing supply as economists await Donald Trump's first policies as US president.

Reason

Cutting Off Trade Will Make the U.S. Poorer and China More Totalitarian

Politicians in both parties see the People's Republic as an economic and military threat. But the real threat is an isolated China.

The Guardian - UK

Labour is right to forge more trade links with China – not doing so would be folly

From a ‘golden era’ to post-pandemic mistrust, the UK has had a turbulent relationship with the world’s second-largest economy, says Lau China Institute director Kerry Brown

Newslaundry

Hafta 520: Rupee vs dollar, India’s economy woes, Delhi polls, media’s lack of accountability

This week on Hafta, Newslaundry’s Abhinandan Sekhri, Jayashree Arunachalam and Shardool Katyayan are joined by journalist Nidhi Razdan and economist and writer Vivek Kaul.

Fortune

Korea’s economy looks like it’s shrugging off Yoon’s impeachment crisis. Don’t be fooled

War, weak growth, and policy uncertainty around Trump’s return already threaten the Korean economy. An extended political crisis will make things worse.

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