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The Latest Breaking News from G7

Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

UK avoids recession but 'not out of woods' over inflation

London (AFP) - Britain's economy has narrowly avoided recession, official data showed Friday, but finance minister Jeremy Hunt warned it was "not out of the woods yet" over surging inflation.

AFP

Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

G-7 weighs sanctioning Chinese, Iranian and North Korean firms for aiding Russia’s military

LONDON — Group of Seven member states are discussing whether to sanction companies in China, Iran and North Korea they believe are providing Russia with parts and technology that have military purposes, according to people familiar with the matter.

Tribune News Service

DWP to close 20 Jobcentres putting dozens of roles at risk

It is understood 50 roles will be at risk as part of the closures

Wales Online

West's new oil sanctions aim to tighten screws on Russia

London (AFP) - The West's latest wave of sanctions on Russian energy exports seeks to hit Moscow harder than its previous moves over the Ukraine war.

AFP

Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

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Russia putting 'more and more forces' into Donbas battle, says Zelensky

Ukraine's Volodymyr Zelensky said the situation on the front lines in the east of the country was getting tougher, with Russia throwing more and more troops into battle, hours after the two sides agreed to exchange dozens of prisoners of war. Earlier on Saturday, Ukrainian officials said a serious accident…

France 24

New US military package includes rocket-powered bomb to double Ukraine’s strike range – as it happened

New US $2.175bn military aid also includes precision-guided rockets and HAWK air defence firing units

The Guardian - AU

EU pledges to double military aid programme for Ukraine

EU to train an extra 15,000 soldiers and prepare new sanctions against Russia

The Guardian - UK

Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

Ukraine's Zelenskiy calls for more EU sanctions on Russia

Ukrainian President Volodymyr Zelenskiy called on Thursday for more punitive measures against Russia by the European Union, but new sanctions the bloc is preparing for the one-year anniversary of the war are set to fall short of Kyiv's expectations.

Reuters

UK held back by staff shortages, Brexit and mortgage costs, says top economist

Paul Johnson responds to IMF warning that UK will be weakest major G7 economy this year

The Guardian - UK

'Broken Brexit Britain': UK economy to be beat by Russia in dismal forecast

THE UK economy is set to shrink and perform worse than other major industrialised economies, including Russia, as the cost of living continues to…

The National (Scotland)

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The Guardian - UK

Britain to be worst-performing major economy this year, warns IMF; UK mortgage approvals tumble and company insolvencies surge – as it happened

Britain is the only G7 economy forecast to shrink in 2023, the IMF says, as higher energy prices, rising mortgage costs and increased taxes hit growth.

The Independent UK

IMF warns UK economy is set for sharp contraction in ‘weakest performance among G7’

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

Wales Online

UK tipped to be weakest major economy in world as cost-of-living crisis hits households hard

The IMF has predicted UK output to shrink by 0.6% this year

The Independent UK

UK economy to shrink more than Russia, predicts IMF

The forecast leaves the UK economy languishing behind sanctions-hit Russia

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news in one place.

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The Guardian - UK

Britain the only G7 economy forecast to shrink in 2023

IMF says UK economy is likely to contract 0.6% as rising interest rates and higher taxes take toll

Daily Mirror

UK economy to go BACKWARDS in 2023 with worst performance of all major nations

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

Evening Standard

UK recession warning as IMF predicts weakest performance among G7

Britain's economy will slam into reverse this year as the cost-of-living crisis hits households hard, the International Monetary Fund warns

Daily Mirror

Jeremy Hunt bizarrely twice refuses to say if he's paid a tax fine before changing mind

The Chancellor claimed that people at home were not 'remotely interested in personal tax affairs' after delivering a speech on the government's economic priorities

Daily Mirror

Figures show UK £60bn worse off than other countries as Jeremy Hunt lays out growth plan

The dismal analysis came as Chancellor Jeremy Hunt gave a speech laying out the government's plans for investment and growth

Reuters

Russia sanctions, Ukraine support to be G7 priority, says Japan diplomat

Japan, this year's chair of the Group of Seven (G7), expects Russia's invasion of Ukraine to dominate talks among the world's major advanced economies, its top finance diplomat, Masato Kanda, told Reuters.

Daily Record

Doomsday Clock moved to worrying position for first time amid nuclear war tensions rising

The clock was created in 1947 to warn humanity of the dangers of nuclear weapons.

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People

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