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The Latest Breaking News on Economy

Wage growth surprise: slower-than-expected gain eases RBA rate rise fears

December quarter wage index rose from 3.1% to 3.3%, but 7.8% inflation indicates a 4.5% decrease in real wages

The Guardian - AU

Call for Vic wages cap to be axed as inflation soars

The Victorian Greens are leading a call for Victoria's 1.5 per cent cap on public sector wages to be axed to keep essential workers' heads above water.

AAP

Hopes rise that UK might avoid recession after services sector rebound

Pound edges up as stronger economic growth increases chances of further interest rate rises

The Guardian - UK

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Four-day work week gains converts

LONDON: The largest-ever trial of the four-day work week has found that most UK companies participating are not returning to the five-day standard, and a third are ready to make the change permanent.

Bangkok Post

The strikes taking place this week and how they'll affect you

Walk-outs by university staff have been paused this week, but ambulance workers are still on strike

Manchester Evening News

Wages, Reserve Bank minutes to take the spotlight

The pace of wage growth will take centre stage, with the Reserve Bank hoping for a moderate reading that doesn't make its inflation challenge harder.

AAP

Is the economy headed for recession or a soft landing?

Are we in a recession? It seems like a straightforward question, but the data tells conflicting stories.

WEKU

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'Nobody should lose their job if they take legal action to win a better deal at work'

Guest columnist Paul Nowak - general secretary of the Trades Union Congress - is urging the government to stop attacking workers' right to strike and sort out the staffing crisis across the public sector

Daily Mirror

The Gap Between Market Bulls and Fed Hawks Grows Wider

The case for recession keeps getting weaker as consumers dig deep despite the Fed's inflation fight. What does this mean for markets?

The Street

Strike: Who is taking industrial action in 2023 and when?

More disruption likely as pay disputes go unresolved and industrial action continues

The Independent UK

Rishi Sunak considers deal to end wave of strikes among public sector - report

The Prime Minister and Chancellor are considering giving workers a lump sum by backdating next year’s pay rise

Evening Standard

2 ETFs That Are a Retiree's Best Friends

The market is at the crossroads of an impending recession or a strong recovery. Against such an uncertain backdrop, it could be wise to add quality ETFs, Vanguard S&P 500 ETF (VOO) and SPDR S&P 500 ETF Trust (SPY), to your retirement portfolio. Continue reading….

StockNews.com

Scotland's employment rate at record high but workers face wages slashed by inflation

Roz Foyer of the STUC warned "the real story of Scotland’s latest labour market figures is falling real wages".

Daily Record

Number of days lost to strikes is highest since the Thatcher era

Squeeze on households continues as pay growth suffers one of its largest falls since records began in 2001

The Guardian - UK

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The Guardian - UK

FTSE 100 hit record closing high; US inflation slows slightly to 6.4% – as it happened

Blue-chip share index has hit 7996 points for first time, but drops back as US consumer prices index is higher than expected in January

AAP

Scrapping wage cap could create NSW budget 'black hole'

The NSW government says Labor's plan to remove a cap on public sector wages will punch a black hole in the budget but the opposition says it's a scare campaign.

Birmingham Post

Ulster Bank PMI: Northern Ireland economy contracts but green shoots emerge

Easing inflationary pressures give cause for optimism

The Guardian - UK

The price Britain paid for lockdown was colossal. Was there an alternative?

Flirtation with recession, along with new era of austerity and stagnation are consequences of policy response to pandemic

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Manchester Evening News

The Mancunian Way: Lamb and mint balls anyone?

Dodging a recession PLUS Awaab's Law has stopped family from feeling ‘alone’ AND ‘Skyrocketing’ costs force closure

The Guardian - UK

UK can expect year of stagnation after narrowest of escapes from recession

Marginal expansions and contractions in 2023 will do little to solve a lack of investment and export shortfall

Birmingham Post

Firms must embrace flexibility to attract and retain workforce

The balance between the employer and employee has changed

Evening Standard

MPs’ pay rise: How much do MPs get paid and what is their new salary?

MPs’ pay is set for a new increase after they were awarded a pay rise last year.

The Guardian - UK

UK narrowly avoids recession after figures show growth flatlining

Economy contracted in December by 0.5% after expansion of 0.1% and 0.55% in previous two months

The National (Scotland)

UK avoids recession by narrowest margin but 'not out of woods yet'

THE UK avoided a recession by the thinnest of margins after the economy flatlined in the last three months of 2022, new data shows.

Insider UK

UK narrowly avoids recession as the economy flatlines at the end of 2022

When counting to two decimal places, the UK managed 0.01% growth in the fourth quarter

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