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The Latest Breaking News from Economic Growth

Dollar Slides on Concern US Tariffs Could Weigh on the Economy

The dollar index (DXY00 ) today is down by -0.15%. The dollar today is slightly lower on concern that President Trump’s 25% tariffs on all steel, aluminum, and finished metals imports into the US will encourage retaliation that curbs US economic growth. Losses in the dollar are limited by higher...

Barchart

Bank of England chief cautions over cutting regulation post-financial crisis

Andrew Bailey insisted there was ‘no-trade off between economic growth and financial stability’ in a speech delivered in London on Tuesday.

The Independent UK

Trump tariffs could boost case for rate cut: economists

US tariffs on Australian steel and aluminium would have minimal direct impacts, but weakened Chinese demand for goods like iron ore could hit economic growth.

AAP

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Tariffs ‘not conducive’ to economic growth – Irish premier

Mr Martin said it is important for the EU to maintain a ‘positive’ trading relationship with Mr Trump.

Evening Standard

Labour’s clean energy plan will not only cut emissions but lift hundreds of thousands out of fuel poverty

The party’s agenda is about energy security, lower bills, economic growth and good jobs

The Guardian - UK

AI can boost economic growth, but it needs to be managed incredibly carefully

The UK government’s efforts to integrate artificial intelligence (AI) into public services and stimulate economic growth represents a pivotal step in the roll out of the technology in this country.

The Conversation

Putin Hails Russia's Strong 2024 Economic Growth

Russia reported strong economic growth for 2024 on Friday as record spending on the military offensive against Ukraine outweighed the impact of Western sanctions.

International Business Times

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Washington's Debt Delusion: Economic Growth Cannot Fix the Deficit

Republicans are betting trillions on the hope that the economy will grow fast enough to cover their deficit spree.

Reason

Friday briefing: The Bank of England interest rate cut suggests there are more gloomy times ahead

In today’s newsletter: The Bank also downgraded its growth forecast for the UK, piling pressure on Labour to turn its rousing rhetoric on economic expansion into reality

The Guardian - UK

Bank of England cuts rates but slashes growth forecast in blow to Labour

The base rate fell to 4.5% on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

Evening Standard

Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%

The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth

The Independent UK

Mark Zuckerberg wants business to ‘man up’, but what it really needs is more women entrepreneurs

By claiming workplaces need to “man up”, Meta CEO Mark Zuckerberg is ignoring one of the biggest untapped opportunities for economic growth – women entrepreneurs.

The Conversation

Government will not boost economic growth ‘until mental health crisis tackled’

NHS data shows one in five children and young people experience a common mental health problem such as anxiety or depression.

The Independent UK

Trump Administration Reverses Biden's Environmental Policies

Trump administration under Secretary of Interior Doug Burgum is rolling back environmental regulations to promote energy development and economic growth.

Top News

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The Independent UK

UK economic growth forecasts downgraded in blow for Reeves

UK GDP is expected to grow by 1 per cent in 2025, according to EY’s winter forecasts

Evening Standard

UK economic growth forecasts downgraded for 2025 – EY

It represents another blow to Chancellor Rachel Reeves’ hopes to rapidly grow the UK economy.

The Independent UK

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts

The Bank of England’s top economists will meet on February 6 when forecasters predict they will cut the base interest rate to 4.5%.

The Guardian - UK

Reeves’s Heathrow expansion plans leave Labour’s green agenda grounded

The chancellor’s apparent volte-face in backing a third runway has left many in her party disillusioned and led them to label it as an act of desperation

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The Guardian - UK

Reeves’s Heathrow third runway report was commissioned by London airport

The chancellor is under fire after a study cited as evidence for expanding the terminal to boost the UK’s economic growth was ordered by Heathrow itself

Newslaundry

Tax relief for middle class, little on employment: Key takeaways from Budget 2025

Amid India’s economic growth slipping to a four-year low, Finance Minister Nirmala Sitharaman on Saturday tabled her eighth consecutive budget in the Parliament announcing major tax relief for the middle class.

The Independent UK

Modi government slashes income tax for middle classes in India budget

Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing