The Latest Breaking News from GDP

The six starkest warnings from OBR as report lays bare the perilous state of UK public finances

Here are the most stark warnings in the Office for Budget Responsibility’s report

The Independent UK · Jul 8, 2025

Public finances on ‘unsustainable’ path due to spending promises, says OBR

Richard Hughes told a briefing in Liverpool that the projected rise in state pension spending would contributed to growing UK national debt.

Evening Standard · Jul 8, 2025

The EU presidency says Europe must rearm within 5 years. It's unclear how that could be done.

Danish Prime Minister Mette Frederiksen says Russia could pose a security threat to the European Union by the end of the decade and that defense industries in Europe and Ukraine must be ramped up

The Independent UK · Jul 8, 2025

Elon Musk Backs Warren Buffett's Brutal '5-Minute Deficit Fix' To Ban Congress From Reelection If They Blow the Budget: '100% This Is the Way'

More than a decade ago, Warren Buffett said the national deficit could be solved in just five minutes. His plan? "You just pass a law that says that any time there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection."

Benzinga · Jul 4, 2025

A year of Keir: the first 365 days of Starmer in power

Three trade deals, five U-turns, 2.5 per cent of GDP on defence, eight ministerial resignations, 49 welfare rebels, record small boat crossings – the statistics behind Keir Starmer’s first year as prime minister explored by Alicja Hagopian and David Maddox

The Independent UK · Jul 4, 2025

Environmental Regulations Are Literally Baking Europeans to Death

Europe’s lower GDP, higher electricity prices, and strict environmental regulations impede the use of air conditioning, contributing to the continent’s annual 175,000 heat-related deaths.

Reason · Jul 3, 2025

Somalia has relied on aid for decades – can it survive without it?

Somalia is struggling with hunger, security and the impact of the climate crisis, despite decades of aid money worth billions of dollars, writes Nick Ferris. As aid money gets cut, is this the time for countries to wean themselves off aid dependency – and can they do it?

The Independent UK · Jul 3, 2025

Spain overtakes Japan in GDP per capita - what is behind the numbers?

Spain’s economy is thriving, driven by a global boost in services, mainly tourism, overtaking the sluggish performance of the Japanese economy in the last decade.

Euronews · Jul 3, 2025

This Obama Economist Just Called Out a Math Problem That Could Derail Trump's Debt Promise—And the Clock Is Ticking

Former Obama economic advisor Jason Furman just dropped a reality check that should have every investor paying attention to Washington’s fiscal math. In a pointed social media post, the Harvard economist highlighted a glaring problem with the Trump administration’s promise to lower the debt-to-GDP ratio by at least 3 percentage…

Benzinga · Jul 2, 2025

6 Warning Signs of a Recession — and Where the US Economy Stands, According to George Kamel

Finance expert George Kamel recently broke down six recession warning signs. GOBankingRates asked finance experts how they feel about the recession markers.

GOBankingRates · Jul 2, 2025