The Latest Breaking News from GDP

Jeremy Hunt pledges defence spending hike to 3% of GDP

The Tory leadership hopeful said cuts to the Army are ‘unthinkable’ as he promised to cancel them in the face of Russian aggression.

The Independent UK · Jul 11, 2022

The Standard View: So, Rishi, Liz, Sajid, Suella, Jeremy, Kemi, Penny, Grant, Nadhim and Tom: Where’s the money to cut tax coming from?

Perhaps the most useful thing the candidates for the Tory party leadership might do over the next few days is to read the sobering report last week by the Office for Budget Responsibility. That report points out that “at over 90 per cent of GDP, public debt is now more…

Evening Standard · Jul 11, 2022

UAE Sees 47% Growth in Non-Oil Exports

Dubai Ruler Sheikh Mohammed bi Rashid Al Maktoum, UAE Vice President and Prime Minister, chaired the cabinet session held at Qasr Al Watan in Abu Dhabi on Thursday. He announced that the UAE’s non-oil exports grew by 47%, the foreign direct investment flow increased by 16%, and the number of…

Asharq Al-Awsat · Jul 8, 2022

Boris Johnson admits higher defence spending is a ‘prediction’ and not a commitment

Tory alarm as prime minister waters down 2.5% of GDP ’pledge’ – made only four days ago

The Independent UK · Jul 4, 2022

Ukraine FM Rules out Russian Use of Nuclear Weapons, Calls for Isolating Moscow over its Threats

The world is laying out the worst scenarios for the Russian-Ukraine war.

Asharq Al-Awsat · Jul 4, 2022

Recession is Here...Watch Out Below!

More and more it looks like recession is here. This includes a dramatic decline for ISM Manufacturing discovered this morning. As you likely know, most economist call manufacturing the "canary in the coal mine" for the US economy as it often shows weakness before other areas. In fact, GDP Now…

StockNews.com · Jul 2, 2022

Boris Johnson’s 2030 military spending pledge ‘feeble’, say senior Tories

PM commits to increase military spending to 2.5% of GDP by the end of decade

The Independent UK · Jun 30, 2022

UK defence spending to increase by end of decade, claims Boris Johnson

The Prime Minister pledged that UK defence spending would reach 2.5 per cent of GDP by 2030 but is not matching the budget with rising inflation this year

Daily Record · Jun 30, 2022

Johnson pledges £55bn more defence cash for 2020s amid Russia threat

The PM committed Britain to increasing spending to 2.5% of GDP by the end of the decade and urged Nato allies to boost their own military budgets.

The Independent UK · Jun 30, 2022

Boris Johnson commits to raising UK defence spending to 2.5% of GDP by end of decade

The Prime Minister said that the ‘cost of freedom’ is ‘always worth paying’

Evening Standard · Jun 30, 2022