The Latest Breaking News from GDP

John Major’s government cut defence spending to below 3% of gross domestic product (GDP) in in 1995, and it has not risen above that level since.

IN FOCUS: Deployment to Ukraine would likely require thousands troops which the UK may not be able to spare, Maira Butt writes

Sir Richard Shirreff hit out at Britain’s defence spending, despite Labour prime minister’s pledge to increase it to 5 per cent of GDP by 2035, as he said a ‘government without a sword is useless’

Forget the usual doom-and-gloom economic chatter—there’s a new financial storm on the horizon, and it’s called a “vibecession.” Unlike traditional recessions, this isn’t about spreadsheets, GDP graphs, or endless Wall Street jargon. A vibecession hits when local economies take a hit because the collective mood in a region shifts—think less…