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The Latest Breaking News on Economy

John Swinney urged to use devolved tax powers to ease Budget pressures

JOHN Swinney should consider using devolved tax powers to balance the books when he presents the Scottish Budget this week, an economic research…

The National (Scotland)

Business rates in Wales will be frozen for the 2023-24 financial year says Welsh Government

The decision is part of a £460m Welsh Government business support package for the next two financial years

Birmingham Post

Northern Ireland private sector slows sharply, but inflationary pressures ease - Ulster Bank PMI

The local economy reported its seventh successive monthly drop in output

Birmingham Post

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Early years education and colleges to bear brunt of funding squeeze – IFS

Early years education, colleges, sixth forms and universities will all face a difficult few years ahead, experts have warned.

The Independent UK

NSW govt to make rental auctions 'illegal'

Regulations are being introduced in NSW to prevent real estate agents from encouraging bidding wars between prospective renters to secure a lease on a home.

AAP

Progress stalls on bridging gender pay gap

Australian women are earning significantly less money on average than their male colleagues, with a damning finding on progress toward closing the pay gap.

AAP

What are the dates of additional benefit payments in December?

Help is out there for those on low incomes struggling with rising prices and high bills as the weather gets colder

The Independent UK

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Ultra-low unemployment to hold firm

The latest Australian Bureau of Statistics labour force data due this week is expected to show continued high competition for workers in the jobs market.

AAP

What are the dates of additional benefit payments in December?

Help is out there for those on low incomes struggling with rising prices and high bills as the weather gets colder

The Independent UK

Kwasi Kwarteng admits he and Liz Truss ‘blew it’ with economic reforms

Former Chancellor has admitted he and Liz Truss got ‘carried away’ with their economic reforms that caused a crisis

Evening Standard

What are the dates of additional benefit payments in December?

Help is out there for those on low incomes struggling with rising prices and high bills as the weather gets colder

The Independent UK

U.S. Economy, S&P 500 Face Hard Landing — Unless The Federal Reserve Does This

With wage growth far too hot, the Federal Reserve may need to implicitly hike its 2% inflation target to avoid a hard landing for the economy.

Investors Business Daily

'Staff cuts, council tax hikes and services slashed' as budget black hole widens by £10m in just four months

Councillors will have to consider cutbacks in staffing, hikes in the council tax and diminished services across

Daily Record

Sri Lanka's Parliamant approves budget amid economic crisis

Sri Lanka’s Parliament has approved a budget that includes reforms aimed at improving the country’s finances as it attempts to recover from its worst economic crisis

The Independent UK

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AFP

Recession in US 'not inevitable': Yellen

Fort Worth (United States) (AFP) - A recession in the US is "not inevitable," Treasury Secretary Janet Yellen said Thursday, adding that she believes the world's biggest economy is on the right track in lowering inflation.

Newcastle Herald

Hunter businesses 'downbeat', new survey results show

Businesses in the Hunter region are more concerned than the NSW average when it comes to rising interest rates and energy costs, according to the latest Business Conditions Survey.

Salon

Dems try new child tax credit tactic

Progressives threaten to block Republican tax break for companies unless they can lift more kids out of poverty

Axios

Warning signs in jobs data

Beneath the surface of a job market that appears exceptionally strong, things might be getting bumpier.

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Tribune News Service

Commentary: House Republicans must change course on wasteful spending

This holiday season, working families across America are struggling through the worst bout of inflation in decades. A typical household has lost more than $7,000 in purchasing power since January 2021 due to prices rising faster than incomes.

Liverpool Echo

DWP benefits claimants to be disrupted by staff strike this Christmas

Universal Credit, PIP, ESA and other claimants could see their interviews impacted

Crikey

As household reserves vanish, we need wages to keep growth going

Economic data shows corporations are still making massive profits while workers go backwards, no matter what business cheerleaders say.

The Conversation

Australia wants international students to stay and work after graduation. They find it difficult for 4 reasons

International students are flooding back to Australian universities. Some predictions say 2023 could even see record numbers of overseas students in the country.

Tribune News Service

Why did so many US men quit working? Social status may hold the key, study says

A decline in social status relative to better-paid peers is a key reason why so many American men have dropped out of the labor force, according to the latest paper to examine a conundrum that’s baffled economists for decades.

Businessweek

China Is the Wild Card for Global Inflation in 2023

The country’s long-awaited emergence from Covid Zero would ignite its economy and put upward pressure on prices around the world.

The Guardian - AU

Thousands of Australians locked out of employment as entry-level jobs dry up, survey suggests

Anglicare says there are 15 applicants per position but many often stand little chance of success due to lack of experience, age and other barriers

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People

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Australian Bureau of Statistics

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