Much has been said about UK chancellor Rachel Reeves’ self-imposed fiscal rules, and her repeated assertion – which she included in the spring statement – that they are “non-negotiable”.
English cricket, up in the air? Brian A Jackson/ShutterstockCricket is an old sport that has evolved over centuries. But 2025 is shaping up to be a historic – and lucrative – year for the game in England and Wales.
Losing your job can hurt you in many ways.
The opposition parties have tried to play down the latest increase to the minimum wage, which the government announced on Wednesday, arguing that it is of little help to Greek households that are struggling to meet rising costs.
The budget primary balance was confirmed at a surplus of 2.8 billion euros by February, compared to a surplus of 3.38 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
T. Niklas KronerI provide evidence that investors' attention allocation plays a critical role in how financial markets incorporate macroeconomic news. Using intraday data, I document a sharp increase in the market reaction to Consumer Price Index (CPI) releases during the 2021-2023 inflation surge. Bond yields, market-implied inflation expectations, and other asset prices exhibit significantly stronger responses to CPI surprises, while reactions to other macroeconomic announcements remain largely unchanged.
Not even six months on from Labour’s first budget, and the world is a much-changed place. Geopolitical tensions and uncertainties, already high last year, have risen further, and with them the cost of the UK’s debt, while economic growth has stalled. As such, Chancellor Rachel Reeves has confronted an array of unpalatable choices – notably cutting disability benefits – to enable her to increase defence spending and stabilise the public finances. Here’s what our panel of experts made of the statement:
Falling inflation wasn’t enough to prevent further disability cuts
Greece's travel balance recorded a surplus of 87.5 million euros in January, compared to 149.9 million euros in December, according to data released by the Bank of Greece (BoG) on Wednesday.
If all the tariff drama in the news lately has you reaching for a stiff drink, you’re not alone. Unfortunately, those same tariffs might make it harder to get your hands on your favorite brand of tequila.
Servers told researchers that they were instructed to make their male customers feel special. Brian Brainerd/The Denver Post via Getty ImagesIn 1983, six businessmen got together and opened the first Hooters restaurant in Clearwater, Florida. Hooters of America LLC quickly became a restaurant chain success story.
