Economy

The Resolution Foundation said the designers of Universal Credit hadn’t anticipated 2.3 million people using the system because they were too ill to work.

While the recent job numbers ‘look shiny from a distance,’ economic forecaster Sean Snaith said that ’there’s a little bit of tarnish.’

The new plan also raises bond requirements for reclaiming oil and gas wells dug on public land.

There are concerns the cost-of-living adjustment hike won’t help in countering elevated prices, thus putting beneficiaries in a financially challenging position

‘Further performance deterioration could be on the horizon,’ a Fed report warns.

In capital cities which have a greater demand for rental accommodation, prices have risen exponentially—outpacing wage growth.

The president says he’s confident a rate cut is coming this year.

The Bank of England has, on numerous occasions, indicated it needs to see sustainable easing of inflation before it could move to cut interest rates.

‘There seems to be a large number of persistent inflationary pressures, which may likely continue,’ Mr. Dimon wrote.

Social Security tops budget, but interest payments continue to grow.

The path to the Federal Reserve’s 2 percent target could be bumpy.

The Dow dropped by more than 500 points by noon.

The departure of the most valuable listed company in the UK could set off other London Stock Exchange giants, including BP and Glencore.

Inflation was cited as the ‘single most important problem in operating their business’ by a quarter of owners.