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The Latest Breaking News from Economy

Autumn Statement post-mortem: living standards to plummet as taxes soar

If there is one figure to bear in mind amid a sea of epically bad numbers in today’s Autumn Statement and accompanying Office for Budget Responsibility (OBR) fiscal outlook, it is this: underlying public sector net debt will be £400bn (18% of GDP) higher in 2026-27 than was forecast in…

Evening Standard

Vauxhall, Bromley and Woolwich receiving six-figure injection to help boost night life

The borough councils will each be awarded £130,000 in funding to develop ways of making streets more welcoming after 6pm

Evening Standard

From shops to start-ups - what the Autumn Statement means for your business

We look at some of the key announcements in the Autumn Statement and what they mean for business

Birmingham Post

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Welsh business leaders and political parties have their say on Autumn Statement

The OBR concluded the UK is now in recession and was facing an increase in unemployment

Birmingham Post

Calls for First Minister to 'urgently transition' Scotland to a wellbeing economy

MORE than 100 organisations have written to the First Minister calling for an “urgent transition” to a wellbeing economy.

The National (Scotland)

UK budget takeaways: Higher taxes, more aid to needy

The British government has unveiled an emergency budget featuring billions in tax increases in a bid to restore trust and stability in the U.K. economy and help millions struggling to cope with a deepening cost-of-living crisis

The Independent UK

Tories stare into abyss as Jeremy Hunt's 'my dog ate the economy' excuse falls flat

There was no rabbit in the Chancellor's Autumn Statement hat. It's been shot. And it turns out it had myxomatosis anyway

Daily Mirror

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Nicola Sturgeon accuses Jeremy Hunt of 'reintroducing austerity' and claims independence offers Scotland an alternative

The First Minister claimed the "alternative to Tory mismanagement of our economy" was "self-management of our economy, otherwise known as independence".

Daily Record

Tory MP confronted live on air over claim UK is outpacing G7 economies

A CONSERVATIVE MP has been caught out live on air after she claimed the UK economy is doing better than the rest of the G7.

The National (Scotland)

'My fiancé put his kids in First Class but left mine in economy - I'm fuming'

A woman was left furious at her future husband when she learnt her children would be sat in standard class on the flight while his kids got to travel in first class

Daily Mirror

Government’s autumn statement ‘neglects’ entertainment sector, trade bodies say

Chancellor Jeremy Hunt delivered his autumn statement to MPs in the House of Commons on Thursday.

The Independent UK

Will the autumn statement do enough to ease the recession? Our panel’s verdict

The chancellor has presented the government’s economic plans as Britain suffers the highest inflation for 40 years

The Guardian - UK

Rachel Reeves accuses Tories of 'picking pockets' of millions of Brits with Autumn Budget

The Shadow Chancellor Rachel Reeves said Britain 'can longer afford a Conservative Government' after Jeremy Hunt confirmed the UK is now in recession with the economy expected to shrink further in 2023

Daily Mirror

Worst fall in UK living standards since records began, says OBR

Spending watchdog says Britain is in recession and unemployment will rise by 500,000

The Guardian - UK

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The Independent UK

Autumn Budget 2022: All the key points from Jeremy Hunt’s statement

Chancellor sets out plan to ‘rebuild our economy’

StockNews.com

3 Stocks to Buy Before 2022 Comes to an End

With the Fed indicating that the final level of interest rates will be higher than expected, many analysts expect the economy to slip into a recession next year. Since the stock market will likely remain under pressure, investors should consider buying fundamentally strong stocks UnitedHealth Group (UNH), Merck & Co.…

Al Jazeera

Hunt unveils new spending cuts, tax hikes to fix UK’s economy

The Treasury chief says the new budget plan prioritises ‘stability, growth and public services’.

Daily Record

Autumn Statement: 5 things Scots need to know from Jeremy Hunt's tax rising budget

The Chancellor of the Exchequer said there would be a "shallower downturn" as a result of his measures.

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Birmingham Post

Autumn Statement: A 'sad state of affairs' or are there 'signs of optimism'?

The Chancellor delivered his Autumn Statement to the House of Commons

Manchester Evening News

11 key announcements from Jeremy Hunt's Autumn statement including new cost of living payments

The Chancellor unveiled a wave of new economic measures to help curtail soaring inflation rates and a widening cost of living crisis

Nottingham Post

More UK workers to pay increased tax, Jeremy Hunt confirms

Chancellor Jeremy Hunt has been speaking in Parliament about his plans to try and stabilise the UK economy

Evening Standard

Autumn Statement: Jeremy Hunt’s big freeze as tax hiked by £24billion

£30billion spending cuts but extra help for hospitals, schools and poorest

Reuters

UK faces record hit to living standards as tax hikes loom

Britain faces a record hit to living standards this year as surging inflation erodes incomes, the country's budget forecasters warned, after finance minister Jeremy Hunt announced more pain, with tax rises now and spending cuts further ahead.

Fortune

U.S. policymakers have one last chance to avoid a recession: Find the 1.5 million women who vanished from our workforce

Some 1.5 million women have vanished from the labor force since Feb. 2020. That bothers gender economist Katica Roy–and not for reasons of fairness.

Daily Mirror

UK already in recession and GDP to fall by 1.4% in 2023, Jeremy Hunt says

Office for Budget Responsibility forecast that the UK economy will shrink further next year as Brits face rocketing inflation and cost-of-living crisis

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