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The Latest Breaking News from Economic Growth

UK economic growth to be slower than forecast due to tariffs, say economists

UK economic growth could be up to 0.5 percentage points lower than expected in the coming years, according to economists.

Evening Standard

Fact check: Economic growth is forecast to slow in 2027 and 2028

Growth is not expected to go up in 2027 or 2028, although the economy will continue to grow.

Evening Standard

UK wildlife groups express alarm at plan to ‘streamline’ environmental rules

Government wants to spur economic growth and drive housebuilding but charities say nature should be priority

The Guardian - UK

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Government pushes reforms of ‘green tape’ in bid to boost growth and nature

Review says current system of environmental regulations not working, but conservationists warn of ‘high risk’ to nature in planning reforms.

The Independent UK

Dollar Turns Lower on Weak US Economic News

The dollar index (DXY00 ) today is down by -0.10%. The dollar today gave up an early advance and turned lower after today’s US job openings and ISM reports were weaker than expected. The dollar is also under pressure due to concerns that US tariffs would derail economic growth. The...

Barchart

Digitising UK trade ‘could unlock £250bn in economic growth’ – even with Trump tariffs

With the US president’s tariffs on the UK now looking inevitable, the International Chambers of Commerce is urging the government to adopt a trade plan which could boost the economy by a quarter of a trillion pounds

The Independent UK

'Liberation Day' overshadows Reserve Bank's rate call

The Reserve Bank is expected to leave rates on hold at its next meeting despite the expected negative impact of more US tariffs on Australia's economic growth.

AAP

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Crude Prices Fall on Concern Tariffs Will Curb Economic Growth and Energy Demand

May WTI crude oil (CLK25 ) Friday closed down -0.56 (-0.80%), and May RBOB gasoline (RBK25 ) closed down -0.0110 (-0.49%). Crude oil and gasoline Friday posted moderate losses on concern that US tariffs and retaliatory tariffs will undercuts economic growth and energy demand. Other bearish factors included weaker-than-expected US...

Barchart

Economic Concerns Weigh on Crude Prices

May WTI crude oil (CLK25 ) today is down -0.42 (-0.60%), and May RBOB gasoline (RBK25 ) is down -0.0071 (-0.31%). Crude oil and gasoline today are trading lower on concern that US tariffs will lead to a global trade war that undercuts economic growth and energy demand. Also, weaker-than-expected...

Barchart

Dollar Declines and Gold Jumps to a Record High on US Auto Tariffs

The dollar index (DXY00 ) Thursday fell by -0.21%. The dollar was under pressure Thursday due to President Trump’s announcement Wednesday evening of 25% tariffs on US auto imports, which may undercut US economic growth. The dollar also fell on Thursday’s dovish economic news, which showed that US Q4 personal...

Barchart

US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says

Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday

The Independent UK

Sue Gray urges caution over Civil Service cuts while hitting out at insults

Officials are central to the Labour administration’s mission to realise economic growth, the Labour peer said in her maiden speech.

The Independent UK

Dollar Falls as Tariffs Spark Growth Concerns

The dollar index (DXY00 ) today is down by -0.13%. The dollar is under pressure due to President Trump’s announcement Wednesday evening of 25% tariffs on US auto imports, which may undercut US economic growth. The dollar also fell on today's dovish economic news, which showed that US Q4 personal...

Barchart

Europe lashes out over Trump auto tariffs and the economic threat to both continents

European automakers, already struggling with tepid economic growth at home and looming Chinese competition, on Thursday decried the U.S. import tax on cars as a new, heavy burden that would hurt companies and consumers on both sides of the Atlantic

The Independent UK

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The Independent UK

Voices: Independent readers react to Rachel Reeves’ spring statement – from ‘out of touch’ to ‘genuine poverty’

THE INDEPENDENT DEBATE: The chancellor’s spring statement sparked fierce criticism from readers, who accused her of reviving austerity by targeting the poor while failing to prioritise improving living standards, tax reform, and sustainable economic growth

The Conversation

Spring statement: defence spending boosted as further disability benefit cuts announced – experts react

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…

Euronews

UK Spring Statement: Further budget cuts and halved economic growth

Britain's Chancellor of the Exchequer Rachel Reeves has laid out the latest on UK public finances. Her statement arrives at a moment when the nation needs to find billions to boost defence spending against the backdrop of an ailing economy. Here are the key takeaways.

The Guardian - UK

Rachel Reeves does reasonable job of justifying fiscal prudence but welfare cuts cast shadow

Chancellor was able to point to glimmers of hope in spring statement despite economic growth forecasts being slashed

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Evening Standard

Economic growth forecast halved as Reeves blames global instability

Chancellor Rachel Reeves was forced to set out further cuts in public spending after the Office for Budget Responsibility’s verdict.

The Guardian - UK

Tackling climate crisis will increase economic growth, OECD research finds

Third of global GDP could be lost this century if climate crisis runs unchecked, says report

The Independent UK

Reeves admits ‘further and faster’ action is needed to kickstart growth

Before the statement, the Office for Budget Responsibility will publish its forecast on the UK economy, which is widely expected to slash its forecast for economic growth

The Independent UK

Reeves gets budget watchdog’s verdict as she hunts for elusive economic growth

Chancellor Rachel Reeves will set out how she will balance the books against a backdrop of economic stagnation.

Evening Standard

Spring Statement: Rachel Reeves needs AI to 'move needle' on economic growth, says Bank of England governor

The UK’s economy has been flatlining

Euronews

Renewables stepped up to meet surge in energy demand from rising temperatures in 2024, IEA says

Despite some climate-related setbacks, the decoupling of emissions from economic growth is one promising trend.

The Conversation

Time to stop blaming bats and newts for blocking development? A new fund could support nature and ease building delays

For years, nature has been blamed as a blocker of economic growth. After some ministerial bluster about not letting newts and bats get in the way of growth ambitions, the UK government released more details of its plans to get Britain building again.

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