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The Latest Breaking News from Economic Growth

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

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

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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

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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

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

The Independent UK

UK economic growth forecasts downgraded for 2025 – EY

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

Evening Standard

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 Independent 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

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

The Guardian - UK

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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

Top News

President Trump Signs Executive Order To Cut Regulations

President Trump's executive order aims to reduce regulatory burdens and promote economic growth through deregulation.

The Guardian - US

Why Trump tariffs will be ‘very bad for America and for the world’

If enacted tariffs will increase inflation, slow economic growth, and result in US consumers footing the bill

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The Independent UK

Starmer accused of having head in the sand over cost of Brexit

Exclusive: PM urged to undertake a radical rethink of Brexit to boost economic growth as it’s revealed government won’t calculate loss of the UK’s biggest market

The Conversation

Will Labour’s plan for growth actually work? Two economists respond

The UK chancellor Rachel Reeves says the Labour government will go “further and faster” to kick-start the British economy. Economic growth – to raise living standards and fund public services – is apparently a core mission of this government.

The Independent UK

Trade union boss warns Reeves against trading workers rights for economic growth

Exclusive: FBU general secretary issues a warning to Rachel Reeves and Keir Starmer over pay and workers rights following the chancellor’s speech

The Independent UK

Germany's government slashes its economic growth forecast for this year to 0.3%

Germany's government has slashed its 2025 growth forecast for the country’s economy, Europe’s biggest, to just 0.3% after it shrank for two consecutive years

Evening Standard

Reeves looks to the skies in search of economic growth with support for Heathrow

Rachel Reeves put support for a third runway at the London hub airport at the heart of her plan to kickstart the UK economy.

The Independent UK

What do Rachel Reeves’ plans for growth mean for the economy?

As the Chancellor announces a raft of policies to boost economic growth, PA news agency explains what that means in real terms.