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The Latest Breaking News from Recession

Pound tumbles against dollar after austerity budget

It was confirmed that the UK is already in recession

Wales Online

How long will the UK recession last?

The government unveiled a series of economic plans to tackle the cost of living crisis and soaring inflation

Manchester Evening News

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

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read the most diverse news in one place.

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

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.…

StockNews.com

Recession to wipe out 8 years of rising living standards, Treasury watchdog warns OLD

OBR sets scene for 2024 election, predicting ‘living standards fall 7 per cent over two years, wiping out eight years’ growth’

The Independent UK

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Hunt unveils tax rises and spending cuts as OBR says eight years of growth to be wiped out

Labour describes autumn statement measures as ‘invoice for the economic carnage’ of disastrous mini-budget under Liz Truss

The Guardian - UK

Jeremy Hunt clobbers ALL Brits with barrage of tax rises and cuts as UK in recession

Jeremy Hunt has announced tens of billions of pounds of cuts and stealth tax rises in the Autumn budget statement - from council tax and income tax to energy bills, minimum wage and the state pension and benefits

Daily Mirror

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.

Fortune

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

Daily Mirror

UK economy now in recession, Jeremy Hunt announces during Autumn Budget OLD

Office for Budget Responsibility says economy is shrinking again

The Independent UK

Jeremy Hunt says UK is in recession and 500,000 will lose their jobs

Mr Hunt said unemployment is expected to rise from 3.5% today to 4.9% by 2024

Wales Online

Dallas Fed: A bursting housing market bubble could once again plunge us into recession if policymakers aren’t careful

"The possibility of a sharp price correction leading to an economic contraction would further complicate Federal Reserve inflation-fighting efforts" writes the Dallas Fed.

Fortune

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Tribune News Service

Commentary: Denying economic reality doesn’t help struggling Americans

Polls show economic concerns were dominant for many Americans this election season. Unfortunately, voters couldn’t always count on getting accurate reporting about these issues.

The Guardian - UK

Five charts that will shape the UK’s autumn statement

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

Liverpool Echo

House prices set to dip in these areas as market faces nosedive

Demand is shifting across the region as experts warn of recession

The Street

Jeff Bezos Makes a Dire Prediction

Amazon founder is pessimistic about the health of the economy.

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Evening Standard

Phil Spencer’s property market survival guide: how to make sure any new home is as recession-proof as possible

TV property expert and founder of advice platform Move iQ Phil Spencer on the key considerations to help you see out the looming recession

StockNews.com

The Fed WANTS a Bear Market & Recession

The stock market (SPY) rally since Thursday’s better than expected CPI report has been impressive. And on the surface, it only seems to be bolstered by Tuesdays PPI report. Unfortunately, that would be missing the forest for the trees. Let’s take a much deeper dive into why the Fed needs…

Fortune

Pausing interest rate hikes would be the Fed’s ‘worst mistake,’ Citadel’s Griffin says

Despite recession fears and inflation seemingly receding, Griffin says the Federal Reserve should stay the course with interest rate hikes.

Investors Business Daily

BJ's Wholesale Club Triggers Sell Rule, ROST Stock Soars As Earnings Crush Views

Morgan Stanley launches coverage of ROST with an overweight rating.

Tribune News Service

Economists see US inflation running even hotter through next year

Economists see U.S. inflation running hotter through next year than they did a month ago and recession odds continue to mount against a backdrop of rising borrowing costs.

Irish Mirror

Irish Government 'can't rule out' possibility of recession next year

Minister McGrath said the Government was “very open” about the risks facing the Irish economy when the Budget was announced on September 27.

The Guardian - UK

The Guardian view on mass unemployment: inflation will drop without this pain

Editorial: Policymakers are wrong to think rising joblessness and a recession are a price worth paying

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