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The Latest Breaking News from Economy

Hit to UK economy from Brexit coming through faster than expected, Bank of England says

The Bank of England also said while the UK was heading for recession, it may be shorter and shallower than previously expected

Wales Online

Tunisians struggle with prices and shortages as economy worsens

Tunisian street cleaner Lassad Mejri says life has grown so tough for his family because of the country's dire economy that they prepare just one meal a day, but as government finances falter, there may be worse to come.

Reuters

'My husband booked a business class flight and left me and our toddler in economy'

A woman has expressed her anger after her husband is flying a long-haul flight business class while she and her son are in economy - once she asked for an upgrade, her husband lied until weeks before flight

Daily Mirror

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UK house prices: How interest rate rise will affect property market and mortgages

Bank of England’s tenth interest rates rise in row will impact homeowners and house buying hopefuls

The Independent UK

Interest rates rise again but Bank of England hints at a brighter future

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

The Guardian - UK

Recession will be shallower and shorter than predicted, says Bank of England

The Bank of England now expects a shallower and shorter recession this year than it predicted in November - although GDP will still not return to peak levels until 2026.

Evening Standard

The Bank of England has raised interest rates to 4%

It means mortgages and other debt will become more expensive for millions of people

Wales Online

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What time is the Bank of England interest rates announcement today?

Changes to the interest rate will be announced later on today which will directly affect the economy

Manchester Evening News

UK borrowers may struggle to repay debt as economy worsens, says Santander

Bank puts aside more money to protect itself from potential defaults in expected recession

The Guardian - UK

Caixin New Economy Index Slips for Second Straight Month

The NEI fell 1.4 points to 28.3 in January as labor, capital and tech inputs declined

Caixin Global

Home Office declines to answer what they might want Pontins for

Two years ago, Pontins was described as the "biggest blight on Ainsdale," but how important is the holiday park to the area's economy?

Liverpool Echo

Tech giants broke their spending records on lobbying last year

Amazon.com Inc., Apple Inc. and Microsoft Corp. broke their lobbying spending records last year as they fended off heightened scrutiny of their business models and power over the U.S. economy.

Tribune News Service

Brit uses browser hack to bag business class seat for less than price of economy

Photojournalist Cameron Stewart claimed he travelled in luxury from Santiago to Easter Island are making a few small changes to his browser's settings before booking a ticket

Daily Mirror

Strikes over the past 50 years have barely made a dent in the French economy

In France, more than 1.2 million people (2.8 million, according to trade unions) took to the streets against proposed pension reform on Tuesday, exceeding crowds galvanised by the first national day of strike on 19 January.

The Conversation

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The Guardian - UK

Britain has missed out on £400bn of growth since 2010, says TUC

Tories blamed for creating economic ‘doom loop’ that fails to recognise negative impact of spending cuts

The Independent UK

Interest rates - live: Bank of England predicts ‘shallow’ recession but warns ‘it’s not over yet’

Central bank confirms further 0.5 per cent hike, bringing base rare to 4 per cent

The Independent UK

Mapped: The areas hit hardest by mortgage hikes of up to £13,000 a year

Compare prices across the country as rates set to increase again

The Guardian - UK

Bank of England says inflation likely to have peaked amid split over interest rate rise to 4% – as it happened

UK central bank predicts much shallower recession than feared, but says Brexit hit has arrived sooner than thought

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Caixin Global

Opinion: To Capitalize on Reopening, China Needs to Rebuild Foreign Investor Confidence

International companies will need to be convinced the country presents not just growth potential but a predictable enough environment to invest in for the long term

The Guardian - UK

Weaker economy, higher inflation: Bank of England’s dilemma

Differing experts have urged the Monetary Policy Committee to both cut interest rates and to raise them

Birmingham Post

Vaughan Gething outlines his priorities for the Welsh economy

Apprenticeships and the foundational economy will be priorities

The Independent UK

Asian stocks rise after Fed sees inflation improving

Asian stock markets have gained after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned

The Independent UK

Sunak’s 100 days as PM ‘dogged by swamp of sleaze scandals’, say rivals

The Prime Minister is facing questions over his judgment, with his deputy still under investigation over bullying allegations.

Al Jazeera

‘Riding a rollercoaster’ in Myanmar’s post-coup economy

Deepening conflict, sudden changes to regulations and a lack of transparency have made business increasingly hard.

ABC News

IMF urges tough tax reforms as Australia treads 'narrow path' to avoid recession

The Albanese government is being urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget.

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