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Fallout from pandemic and war in Ukraine could be exacerbated if financial turmoil sparks recession
One of world’s largest shipping groups says country’s consumers are still ‘stunned’ by Covid disruptions
A maximalist culture of bailouts and state support is bloating and thereby destabilising the global financial system
Kristalina Georgieva says uncertainties in the world economy remain ‘exceptionally high’
Also in this newsletter: Encouraging PMI surveys, more banking turmoil, UK regulator drops key concern on Microsoft’s Activision deal
Thousands more UK workers are being treated as employees
Protesters take to the streets as restrictions on pandemic-era ‘Superbonus’ scheme cause liquidity crunch in construction sector
Total wealth of country’s richest falls 15% as lockdowns and property woes take toll
National Audit Office calls on government to assess value for money of schemes aimed at supporting businesses
Also in this newsletter: Fed raises US interest rates, Sunak wins Brexit vote amid Tory revolt, commodity traders’ record profits
Also in this newsletter: Lagarde says ECB ‘ready to respond’, UN update on global warming, Hollywood strike fears
Also in this newsletter: ICC issues arrest warrant for Putin, SVB parent files for bankruptcy, Macron’s gambit
Cost of living fears and drop in Chinese visitors hitting most-popular sites
Continuing to muddle through, massage the figures and implement bad policies will only make the problems worse
Campaigners argue it should be regarded as an essential service, and scrutinised accordingly
About 6% of the working population is economically inactive due to prolonged disabilities
Jeremy Hunt’s Budget will boost investment and the workforce, but the outlook remains subdued
Severe structural weaknesses persist in the UK economy and his measures do too little to remove them
Income thresholds have been frozen since 2021
Government plans to double prison sentences
Theatres, orchestras and museums welcome two-year extension of help for pandemic recovery
Also: Credit Suisse banking jitters, Chinese consumer spending, ChatGPT’s ‘human-level performance’
Announcing more hours is one thing but actually accessing them is quite another
With the latest credit for research intensive businesses, the government is picking winners by the back door
Chancellor announces launch of 12 new clusters in a trimmed-down version of Liz Truss’s policy
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