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The Latest Breaking News from G7

EU Economy Chief Urges G7 To Join Plan Tapping Russia Assets For Ukraine

The EU will urge G7 partners to consider tapping immobilized Russian assets in aiding Ukraine, the bloc's economy commissioner told AFP on Wednesday, as finance ministers of the group convene in Washington.

International Business Times · Oct 15, 2025

Chancellor Rachel Reeves hints she's looking for tax rises and spending cuts in upcoming Budget

Chancellor Reeves fails to accept responsibility for economic woes as she blames impact of Brexit, austerity policies and ex-PM Liz Truss's mini-budget

Evening Standard · Oct 15, 2025

Reeves admits she’s looking at tax rises and spending cuts in Budget

The chancellor blamed Brexit for the move, saying it has had a ‘severe’ impact on the public finances

The Independent UK · Oct 15, 2025

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UK government borrowing costs fall as Reeves hints at tax rises – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Oct 15, 2025

Reeves eyes tax hikes as economy suffers ‘severe and long-lasting’ Brexit impact

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

Evening Standard · Oct 15, 2025

Reeves to touch down in Washington after IMF warns of rising UK inflation

The Chancellor is to champion Britain as a place where investors and businesses can count on economic stability during meetings in Washington DC.

Evening Standard · Oct 14, 2025

The government cannot afford to limp on without an economic strategy

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…

The Independent UK · Oct 14, 2025

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UK faces highest inflation in G7 this year and next, IMF warns

According to fund’s World Economic Outlook, Britain is on course to average 3.4% this year and 2.5% in 2026

The Guardian - UK · Oct 14, 2025

UK inflation to rise to highest in G7, warns IMF as food costs surge

It came as the IMF increased its UK growth forecast for this year but reduced its prediction for 2026 amid concerns over the labour market.

Evening Standard · Oct 14, 2025

World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF

UK and global GDP growth forecasts upgraded for this year but immigration controls could have negative impact

The Guardian - UK · Oct 14, 2025

UK facing highest inflation in G7 in yet another pre-Budget blow for Reeves

IMF also trims growth forecast for 2026 in ‘grim’ news for chancellor weeks before Commons statement

The Independent UK · Oct 14, 2025

Trade is shaping new global power relations: what this means for Africa

Over the past two decades, economic strength, trade flows, technological leadership and even consumer demand have been moving steadily from west to east. This transformation is redrawing economic maps. It is also raising urgent questions about co-operation, competition and inclusion in a multipolar world. Lecturer in economics and finance Arno…

The Conversation · Oct 13, 2025

Goldman Sachs, Citi, Bank Of America To Walk Through The Door Opened By Trump-Backed GENIUS Act

A consortium of major banks including Goldman Sachs Group Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), UBS Group AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Bank of America Corp. (NYSE:BAC) announced plans to explore blockchain-based assets pegged to G7 currencies, according to Reuters.

Benzinga · Oct 10, 2025

Voices: The Tories are making a fatal mistake in push to cut UK foreign aid to a new low

COMMENT: Britain cannot afford to ignore the politics of aid, or we will suffer the consequences, writes Stefan Dercon

The Independent UK · Oct 9, 2025

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Fortune · Oct 3, 2025

By supporting Argentina, the U.S. government hopes to start a domino effect of preventing ‘failed states’ across South America, says Bessent

Treasury Secretary Scott Bessent hails Javier Milei’s Argentina as a “beacon” for South America, backing it with swap lines while ruling out U.S. cash aid.

Euronews · Oct 2, 2025

'Can we eat the chicken?' Belgian PM demands answers on Russian frozen assets

"I want the maximum of legal certainty. I want solidarity," Belgium Prime Minister Bart De Wever said about the proposal to use Russian frozen assets.

International Business Times UK · Oct 1, 2025

UK Economic Growth Stalls at 0.3% — Tough Choices Loom for November Budget

UK GDP grew just 0.3% in Q2 2025, raising pressure on Chancellor Reeves ahead of the November Budget as tough tax and spending choices loom.

The Independent UK · Sep 26, 2025

Bank of England rate-setter says inflation not a ‘particularly British problem’

Swati Dhingra, a member of the Bank’s rate-setting committee, argued there was no need to be ‘overly cautious’ about lowering borrowing costs.

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Euronews · Sep 26, 2025

Brussels pitches €140 billion loan for Ukraine using Russia's frozen assets

Brussels believes it can issue a €140 billion loan to Ukraine using Russia's frozen assets without engaging in outright confiscation.

International Business Times UK · Sep 26, 2025

Britain Is Now The 'Sick Man Of G7' As Anxiety Levels Among Brits Soar – Here Are The Alarming Numbers

Britain faces record disability claims for anxiety and depression, with nearly 650,000 on PIP and rising costs fueling concerns over the economy.

The Independent UK · Sep 23, 2025

Reeves must abandon manifesto tax pledges, think tank says amid £30bn Budget black hole

The chancellor is facing mounting pressure to hike income tax amid an expectation that £30bn worth of tax rises will be needed in the Budget

The Independent UK · Sep 23, 2025

As growth hopes fade, shrinking Reeves has a mountain to climb

THE INDEPENDENT VIEW: Editorial: A dour economic forecast has left the beleaguered chancellor grasping for fiscal breathing space in her make-or-break Budget

Evening Standard · Sep 23, 2025

UK inflation to be highest in G7 this year ...The Standard podcast

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The Independent UK · Sep 23, 2025

High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

OECD report comes as Reeves is preparing November’s Budget, in which she is expected to put up taxes or cut spending in order to adhere to her own fiscal rules

Evening Standard · Sep 23, 2025

UK inflation to be highest in G7 this year in huge cost of living blow

OECD predicts UK inflation to reach 3.5% in 2025, 0.4 percentage points higher than its previous forecast

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