The Latest Breaking News from GDP

Ben Wallace accuses Labour of ‘conning’ public over defence spending boost claim

Concerns have been raised that the increase in defence spending pledged by Keir Starmer’s government is ‘smoke and mirrors’

The Independent UK · Jun 12, 2025

UK economy contracts sharply in April: Will the BoE respond?

UK GDP shrank 0.3% in April, the sharpest drop since October 2023, led by declines in services and manufacturing. Labour market data weakened, fuelling speculation of a Bank of England rate cut in August as recession fears grow.

Euronews · Jun 12, 2025

Economy shrinks by more than expected amid record fall in exports to the US

Exports to America fell at the fastest pace on record, down £2 billion in April, according to the ONS.

Evening Standard · Jun 12, 2025

Spending review delivers big boosts for health and defence – but Rachel Reeves is focused on investment

UK chancellor Rachel Reeves has delivered the government’s spending review, setting out its plans and priorities for the next three years. The aim of the review is of course to allocate spending over that time period – but this government is keen for economic growth and so has directed the…

The Conversation · Jun 11, 2025

UK yet to commit to Nato plan for rise in defence spending to 3.5% of GDP

Nato chief Mark Rutte wants members to agree to plan at summit this month but UK remains cautious

The Guardian - UK · Jun 11, 2025

2020s on course to be weakest decade for global economy since 1960s, says World Bank

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs

The Guardian - UK · Jun 10, 2025

Canadian PM vows to boost defence spending and reduce dependency on US

Carney says Canada will hit Nato target of 2% of GDP five years ahead of schedule amid ‘dangerous and divided world’

The Guardian - US · Jun 9, 2025

Britons ‘better learn to speak Russian’ without major defence spending hike, Nato chief warns

The Nato secretary general said there is no discrepancy between the UK's current defence spending goals and his own push for members to reach 5 per cent of GDP

The Independent UK · Jun 9, 2025

NATO must boost air and missile defences fourfold to counter Russia's threat, Rutte says

Mark Rutte has urged NATO members on Monday to increase air and missile defences by 400%, warning of a possible Russian attack within five years, advocating for higher military spending targets.

Euronews · Jun 9, 2025

Russia could be ready to attack Nato within five years, says secretary general

In speech in London Mark Rutte says he expects alliance members to agree to raise military spending to 5% of GDP

The Guardian - UK · Jun 9, 2025