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The Latest Breaking News from Economy

As the Fed devises its new strategy, Powell sees an economy with ‘more volatile’ inflation

Every five years the Federal Reserve reconsiders its framework for monetary policy. This time it will have to consider lessons from the pandemic and an uncertain future.

Fortune

The roots of dementia can start in childhood – prevention should be a lifelong goal

More than 60 million people are estimated to be living with dementia, resulting in over 1.5 million deaths a year and an annual cost to the global healthcare economy of around US $1.3 trillion (almost £1 trillion).

The Conversation

FTSE 100 climbs after UK economy grows faster than expected

Chancellor Rachel Reeves said the first quarter growth shows ‘the strength and potential of the UK economy’, as markets rose on Thursday.

The Independent UK

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The CEOs of Fortune 500 companies are already beginning to plan for the worst

Data from a Fortune and Deloitte survey provides the first empirical proof that decision-makers are reeling under the weight of Trump’s trade war, with overwhelming optimism over his administration’s economic agenda giving way to sheer pessimism in just five months.

Fortune

US applications for jobless benefits hold firm as layoffs remain low despite tariff uncertainty

U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy

The Independent UK

Stablecoin legislation risks sowing seeds of a financial crisis

Stablecoins can be extremely volatile despite the name, and the dangers they pose to the U.S. economy don’t stop there.

Fortune

How Britain’s economic growth compares with other G7 countries

The Independent looks at how Britain’s economic growth compares to the rest of the G7 in the first quarter of the year

The Independent UK

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Here’s why the UK economy has grown so quickly, and what comes next

Tax rises and Trump’s tariffs could lead to a very different picture soon

The Independent UK

Starmer’s former economic adviser warns Reeves will have to raise taxes

Labour prime minister and chancellor under pressure as US President Donald Trump’s tariffs continue to hit the UK, despite last week’s trade deal

The Independent UK

Why has the UK economy grown and what impact do tariffs have?

Here, the PA news agency looks at why GDP has increased and what’s next for the UK economy.

The Independent UK

Scots £15,000 a year poorer due to flatlining wages, research finds

The Future Economy Scotland think tank said stunted wage growth since the financial crisis has left workers worse off.

Evening Standard

Democrats Shift Focus Away From Immigration And To The Economy To Capitalize Trump's Plunge With Latinos

President Trump is seeing declining approval ratings among Latinos. Now, strategists and lawmakers are urging Democrats to court them through the economy rather than immigration

Latin Times

UK asking other countries to host ‘return hubs’ for refused asylum seekers, Starmer confirms – as it happened

PM on trip to announce increased cooperation against people smugglers alongside Albania’s prime minister, Edi Rama

The Guardian - UK

How the UK economy became the fastest-growing in the G7

IN FULL

The Independent UK

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International Business Times

UK Economy Grows Above Forecasts, But Tariffs Threaten Progress

Britain's economy grew more than expected in the first quarter, official data showed Thursday, covering the period before business tax hikes and US President Donald Trump's tariffs blitz took effect.

Evening Standard

'We’ll make you better off,' says Labour as Keir Starmer hails UK 0.7% GDP growth as fastest in G7

The economy in the UK grew faster than in the US, France, Germany, Italy, Japan and Canada

The Independent UK

UK has fastest growing economy in G7 in boost for Starmer

Sir Keir Starmer said the figures showed he was meeting his goal of having the highest growth in the G7 group of leading democracies

Evening Standard

UK economy grows at fastest quarterly rate in a year in boost for Reeves

Gross domestic product (GDP) increased by 0.7% between January and March, the Office for National Statistics said.

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Evening Standard

Economy shoots ahead at faster than expected 0.7% in first quarter

But spurt is likely to prove short lived, as taxes, bills and tariffs all kicked in during April

Evening Standard

FTSE 100 Live 15 May: Oil price slide dents index, GDP growth beats hopes

Weaker oil stocks and a mixed set of corporate results today ensured the FTSE 100 index failed to benefit from the UK's move into the fast lane of economic growth.

The Guardian - UK

UK economy defies gloomy warnings to grow 0.7% in first quarter of year

GDP rise follows stronger levels of business investment as firms rushed to beat Donald Trump’s tariffs

The Guardian - UK

US recession still possible, Jamie Dimon warns, as UK tops G7 growth table – as it happened

UK economy posts its fastest quarterly growth in a year, outpacing rivals, in growth spurt ahead of trade war disruption

The Guardian - UK

Post-Covid home working has failed to level up UK economy, study finds

Prevalence of hybrid over fully remote roles dashes hopes of greater geographical spread of talent

Euronews

Friedrich Merz makes big promises from Ukraine to economy in first government statement to Bundestag

The new German chancellor has pledged to recover Berlin from years of economic stagnation, deliver on “much needed” military development and fulfil NATO defence spending targets.

The Independent UK

Take on Apple and Google to boost UK economy, think tank says

The Institute for Public Policy Research has said tackling big tech monopolies could help boost the UK economy.

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