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The Latest Breaking News on Economy

Medics walk out in UK's biggest health service strikes

London (AFP) - Nurses and ambulance staff on Monday staged Britain's biggest round yet of health service strikes, stepping up their demands for better pay to combat a cost-of-living crisis.

AFP

Tell us your thoughts on the nurses and ambulance staff strike

The action will hit three NHS hospital trusts across Greater Manchester

Manchester Evening News

Glasgow strikes happening this February - full list and everything you need to know

People are taking to the streets in their thousands not just across Scotland but the UK as a whole, with many people such as NHS staff and teachers fighting for the likes of a better pay as the cost of living soars and their workload increases.

Glasgow Live

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Bank of England could be forced to raise interest rates again, says policymaker

Inflation could become entrenched as Covid, energy shock and Brexit hit economy, says Catherine Mann

The Guardian - UK

BoE rate-setter Mann: further interest rate hikes still more likely than not

Catherine L. Mann said the risk of being too cautious in raising rates is greater than the risk of being too aggressive.

Evening Standard

Liz Truss says it is ‘unfair’ to blame her mini-budget for interest rate hike and rules out being PM again – as it happened

UK’s shortest-serving prime minister says she ‘learned a lot’ from time in government but does not want top job again

The Guardian - UK

All the UK strike dates confirmed for February 2023

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

The Independent UK

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Wage boost confidence despite looming rate hike

Government frontbencher Tony Burke says he's confident wages will rise despite a looming interest rate increase when the RBA meets on Tuesday.

AAP

Higher rates, falling home prices and real wages, but no recession: Economists’ forecast for 2023

Higher interest rates, falling home prices and real wages, but no recession. The economic forecast from top financial experts.

The New Daily

All the UK strike dates confirmed for February 2023

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

The Independent UK

Trade down, economy sinking, support falling: is the tide finally turning on Brexit?

Three years on, Bregret hits home in Britain. For the EU, though, life has moved on

The Guardian - UK

We’ve avoided recession for now, but the outlook is one of perma-gloom

December’s GDP was boosted by us all cranking up the heating. Actual economic growth has not looked so weak in decades

The Guardian - UK

Dominic Perrottet vows to slash energy bills by $250 to help with cost of living

NSW Premier Dominic Perrottet says a re-elected Liberals and Nationals government will slash energy bills by $250 and help households unlock up to $400 in further savings by switching to a better deal.

ABC News

Argentina issues new 2,000-peso banknote worth $11 as inflation soars

Inflation levels in the county are some of the worst in the world

The Independent UK

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The Guardian - UK

Cost of living crisis: how to make smart money decisions in tough times

Interest rates rose this week, adding to pressure from bills. We look at how to make the best choices in an uncertain world

Axios

Blockbuster jobs data reflects a mind-blowing labor market

Jobs reports simply don't get any better than the one we received this morning.

The Guardian - UK

The Guardian view on Rishi Sunak’s message: workers’ doom loop, wealth’s boom loop

Editorial: Workers should not be paying for a recession that they did not cause

Irish Mirror

Every person in Ireland owes €44,000 each as part of the national debt

This makes Irish people some of the most indebted in the world

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AFP

US sees surprise hiring surge as unemployment edges down

Washington (AFP) - US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed Friday, indicating strength in the labor market despite efforts to ease economic activity.

The Independent UK

US adds 517,000 jobs in January as Federal Reserve raises interest rates

Comes as Biden and McCarthy begin debt ceiling negotiations

Bangkok Post

Surge in US hiring surprises markets

WASHINGTON: US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed on Friday, despite efforts to cool economic activity.

Axios

U.S. economy adds whopping 517,000 jobs in January

The numbers are more than double the 190,000 forecasters anticipated.

The Guardian - UK

Bank of England must not push interest rates too high, its chief economist says

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds

The Japan News/Yomiuri

'Income barriers' impacting part-timers get govt attention

As labor shortages become an increasingly pressing issue amid the economic recovery from the COVID-19 pandemic, Prime Minister Fumio Kishida has said he will consider ways to overcome issues related to "income barriers" that impact workers such as part-timers.

The Independent UK

Services sector declines to two-year lows but firms showing ‘cautious optimism’

The sector declined for the fourth month in a row amid cutbacks to business and consumer spending.

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