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The Latest Breaking News from GDP

UK economy eked out growth at the end of 2024, figures confirm

This is unrevised from the ONS’s first estimate, confirming a picture of a sluggish economy over the second half of the year.

Evening Standard

US growth upgraded to 2.4%: Can it now weather Trump’s trade war?

The expansion in the last three months of 2024 was supported by a surge in consumer spending and is an improvement on previous estimates.

Euronews

French deficit came in lower than expected in 2024 but risks remain

The public deficit was 5.8% of GDP in 2024 instead of the expected 6%, yet the Minister of the Economy said it was "not good news".

Euronews

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The Chancellor is hopelessly boxed in and higher taxes are sadly inevitable

Big changes in the world order require big changes in fiscal policy - something is going to have to give

Evening Standard

Stocks Muted Before the Open After Trump’s Auto Tariffs, U.S. GDP Data in Focus

June S&P 500 E-Mini futures (ESM25) are down -0.01%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.04% this morning as investors weigh U.S. President Donald Trump’s announcement of a 25% tariff on automotive imports.

Barchart

Stocks Steady Before the Open After Trump’s Auto Tariffs, U.S. GDP Data in Focus

June S&P 500 E-Mini futures (ESM25) are up +0.03%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.02% this morning as investors weigh U.S. President Donald Trump’s announcement of a 25% tariff on automotive imports.

Barchart

Defence spending: our research shows how Australia can stop buying weapons for the wars of the past

Australia’s defence spending is on the rise. The future defence budget has already been increased to 2.4% of GDP. There is pressure from the new Trump administration in the United States to raise this further to at least 3%.

The Conversation

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New spending on drones and lasers will ‘revolutionise’ UK defence, says Reeves

Chancellor says new money will help turn Britain into a ‘defence industrial superpower’

The Guardian - UK

Rachel Reeves clings on for dear life, but if this spring statement doesn’t work she’ll be out

Far from becoming better any time soon, it looks like things can only get worse

Evening Standard

Spring statement 2025: Graphs reveal economic impact of Rachel Reeves' plans

GDP and productivity are not likely to grow at the pace that ministers had hoped

Evening Standard

Graph reveals how UK tax burden will hit record high after Spring Statement

Income tax and national insurance contributions are the main drivers behind the jump in the overall tax burden

Evening Standard

Sweden To Boost Defence Spending $30 Bn Over A Decade

Sweden will increase defence spending by about 300 billion kronor ($30 billion) over the next decade, the prime minister said Wednesday, calling it the nation's biggest rearmament push since the Cold War.

International Business Times

UK Spring Statement: Further budget cuts and halved economic growth

Britain's Chancellor of the Exchequer Rachel Reeves has laid out the latest on UK public finances. Her statement arrives at a moment when the nation needs to find billions to boost defence spending against the backdrop of an ailing economy. Here are the key takeaways.

Euronews

Russia’s ceasefire delays suit Ukraine - if it survives another year, Kyiv can win the war

NEWS ANALYSIS: Russia is manipulating ceasefire terms over the Black Sea and energy, but that suits Ukraine and gives Kyiv time to build up help from Europe writes World Affairs Editor Sam Kiley

The Independent UK

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Evening Standard

Inflation to rise to 3.2% for 2025 as growth forecast slashed – OBR

The Office for Budget Responsibility (OBR) said on Wednesday that it expects UK gross domestic product (GDP) to rise by 1% in 2025.

The Independent UK

Inflation to rise to 3.2% for 2025 as OBR slashes growth forecast

The Government’s official forecaster has also warned that interest rates are set to stay higher for longer

Evening Standard

Forbes hails ‘strong start to the year’ after economy grew 0.3% in January

The Deputy First Minister welcomed the figures ‘in the context of global economic uncertainty’.

The National (Scotland)

Scotland economy outperforming UK as whole, new figures show

SCOTLAND recorded an increase in GDP at the start of 2025 while the UK as a whole saw the economy contract, according to new figures ...

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MarketBeat

Recession Risk: Is It Going to Happen? Here Are the Key Clues

Recession is the word that's been making headlines as recent economic reports and especially the Atlanta Fed is stoking fears with its GDPNow real-time forecast

The Guardian - UK

Tackling climate crisis will increase economic growth, OECD research finds

Third of global GDP could be lost this century if climate crisis runs unchecked, says report

The Guardian - UK

Further benefits cuts planned as Rachel Reeves forced to find extra £1.6bn

Chancellor risks wrath of Labour backbenchers with spring statement set to confirm deeper cuts

The Independent UK

Welfare in numbers: The facts behind Britain’s soaring benefits bill

As Labour attempts to tighten Britain’s burgeoning welfare belt, Alicja Hagopian and David Maddox investigate the true cost of the welfare state

Evening Standard

UK has highest property taxes of any developed nation, analysis shows

The country’s property tax burden was 3.7% as a proportion of gross domestic product (GDP) in the 2023/24 tax year.

The Conversation

Should Australia increase its defence spending? We asked 5 experts

Both Labor and the Coalition are considering an increase to defence spending ahead of the federal election.

The Guardian - UK

What are Rachel Reeves’s fiscal rules and could they be changed?

What are the economic constraints that underpin the chancellor’s spring statement – and why does she see them as vital?

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