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The Latest Breaking News from GDP

What is Keir Starmer’s plan to increase UK defence spending and is it affordable?

Keir Starmer has outlined plans to slash foreign aid in order to hike Britain’s defence spending, The Independent looks at what has been said about the move

The Independent UK

Starmer backs Trump’s calls for Nato allies to boost defence spending in stirring speech ahead of US visit

Ahead of a meeting with the US president, Sir Keir Starmer said the UK and Europe ‘have to do more for our defence and security’

The Independent UK

Spending 2.5% of GDP on defence ‘ambitious,’ Cabinet minister says

Education Secretary Bridget Phillipson sought to manage expectations ahead of Sir Keir Starmer’s visit to the US.

Evening Standard

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How UK and EU could find more money for defence without spooking the markets

There is political agreement that Britain and Europe need to increase military spending. But in straitened times, how can it be done?

The Guardian - UK

Debt brake: How this fiscal rule could shape Germany’s election

This mechanism, which has been blamed for a lack of investment, has emerged as an important election issue.

Al Jazeera

UK ‘massively vulnerable’ to threat of Russia after decades of military cuts, ex-Army chief warns

With Sir Keir Starmer under mounting pressure to boost the UK’s defence budget, General Sir Nick Carter said the UK’s ‘remarkably hollow’ Army would be unable to fend off Russia if it needed

The Independent UK

Pressure grows for Starmer to boost defence spending ahead of Trump showdown

PM travels to Washington next week as the only major UK party leader who has not backed calls to hike the defence budget to 2.5 per cent of Britain’s GDP by 2030

The Independent UK

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Rachel Reeves should rewrite the rulebook on GDP growth

Letters: Donald Power, Dr Neil Lancastle and Andrew Risby respond to an editorial on Britain’s broken economy

The Guardian - UK

Reeves ‘absolutely committed’ to spending 2.5% of GDP on defence

Chancellor Rachel Reeves said an increase in spending in line with what Labour promised in its manifesto will be done ‘in the proper way’.

Evening Standard

Denmark to spend billions on defence, citing fears over Russian rearmament

Mette Frederiksen says situation is ‘most dangerous’ in many years as she increases defence budget to 3% of GDP

The Guardian - UK

Denmark announces plans to bolster its defense spending and raise it above 3% of GDP

The Danish government has announced plans to bolster its military by setting up a 50 billion-kroner ($7 billion) fund that it says will raise the country’s defense spending to more than 3% of gross domestic product this year and next

The Independent UK

Buffett Just Dumped His S&P 500 Holdings—What It Means for You

Warren Buffett has suddenly decided to sell his S&P 500 position in recent weeks, warning investors to consider moving forward.

MarketBeat

First Thing: Trump blames Ukraine over war with Russia – ‘you never should have started it’

President ‘disappointed’ with Volodymyr Zelenskyy’s complaint about being excluded from talks. Plus, clean energy contributed 10% to China’s GDP in 2024

The Guardian - UK

Why is Spain’s economy booming? Thanks to migration – which proves xenophobia doesn’t pay

With Spanish GDP growth leading Europe last year, diversity is making us richer – not only financially but culturally, too, says journalist María Ramírez

The Guardian - UK

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Fortune

Europe deserves its seat at the kids' table over Ukraine, German defense boss says

European NATO members' repeated failure to hit its defense spending targets means it should have no complaints about peace talks, Rheinmetall CEO says.

The Guardian - UK

How Spain’s radically different approach to migration helped its economy soar

As immigration has increased, GDP has surged and unemployment has fallen to lowest level since 2008

Evening Standard

UK should be cautious after change in US policy over Ukraine, think tank says

US Defence Secretary Pete Hegseth said European nations need to spend 5% of GDP on defence and would be responsible for peacekeeping in Ukraine.

The Independent UK

Meeting Ukraine peacekeeping pledge would require tax rises or spending cuts, Starmer warned

Managing the pressures of an ageing population on the NHS while ramping up defence expenditure would be an ‘epochal challenge’, top economist warns

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Evening Standard

Value of London's housing stock approaches record £2 trillion

For the UK as as whole the total value now stands at £9.1 trillion , or 3.5 times the annual GDP of the UK

International Business Times

Japan 2024 Growth Slows Despite Stronger Fourth Quarter

Japan's economic growth slowed sharply last year, official data showed Monday, although the rate for the fourth quarter topped expectations.

The Guardian - UK

Trump’s return means UK must swiftly find a way to increase defence spending

Under Biden, the move could wait until the UK worked out how to meet its 2.5% GDP commitment. Not now

The Independent UK

The US thinks Europe isn’t pulling its weight on Nato – but how much are countries really spending on defence?

With President Donald Trump entering office for the second time, Nato spending is once again under scrutiny as the United States warns European countries must dig deeper into their pockets.

Evening Standard

Fact check: Ukraine aid, immigration figures and growth projections

Round-up of fact checks from the last week compiled by Full Fact.

Top News

Taiwan To Increase Defense Spending To Over 3% GDP

Taiwan plans to increase defense spending to over 3% of GDP to address US security concerns.

Evening Standard

Fact check: The UK avoided recession in the last two quarters of 2024

Incorrect growth figures, and an incorrect claim that the UK is in a recession, were shared in an online post.

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