Economy

The new Labour government professes to have discovered a “huge black hole” in the public purse, widely reckoned to be the crafting of a pretext to raise taxes that had been ruled out at the general election just three weeks ago. Rachel Reeves, the UK’s Chancellor of the Exchequer (finance minister) claims to have discovered

Presidential historian Allan Lichtman has suggested that Vice President Kamala Harris is currently on track to win the 2024 presidential election. Lichtman, regarded as a political "Nostradamus" due to his record of correctly calculating nine of the last 10 election outcomes, stopped short of making a final prediction but did say "a lot would have

The US Federal Reserve’s favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week’s interest rate decision. The personal consumption expenditures (PCE) price index eased to an annual rate of 2.5 percent in June, the Commerce Department said in a statement, down

Nigeria’s armed forces on Thursday warned against Kenya-style violence in protests planned for next week over soaring costs of living, saying the military would stop any attempts to create “anarchy”. While Kenya has been rocked by deadly protests that forced the government to repeal new taxes, Nigeria has seen little unrest over economic reforms that

Worklessness due to long-term sickness has soared six-fold in parts of Britain since pre-Covid, analysis suggests. Currently 2.8million people are off work ill, according to Government estimates, up by around 700,000 before the pandemic rocked the country. Spiralling rates of mental ill health has driven the 'economic inactivity crisis', which Labour has promised to tackle