The Latest Breaking News from G7

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

The Chancellor is to champion Britain as a place where investors and businesses can count on economic stability during meetings in Washington DC.

IMF also trims growth forecast for 2026 in ‘grim’ news for chancellor weeks before Commons statement

Over the past two decades, economic strength, trade flows, technological leadership and even consumer demand have been moving steadily from west to east. This transformation is redrawing economic maps. It is also raising urgent questions about co-operation, competition and inclusion in a multipolar world. Lecturer in economics and finance Arno…

A consortium of major banks including Goldman Sachs Group Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), UBS Group AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Bank of America Corp. (NYSE:BAC) announced plans to explore blockchain-based assets pegged to G7 currencies, according to Reuters.

COMMENT: Britain cannot afford to ignore the politics of aid, or we will suffer the consequences, writes Stefan Dercon

Treasury Secretary Scott Bessent hails Javier Milei’s Argentina as a “beacon” for South America, backing it with swap lines while ruling out U.S. cash aid.

"I want the maximum of legal certainty. I want solidarity," Belgium Prime Minister Bart De Wever said about the proposal to use Russian frozen assets.

UK GDP grew just 0.3% in Q2 2025, raising pressure on Chancellor Reeves ahead of the November Budget as tough tax and spending choices loom.