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The Latest Breaking News from Economic Growth

Analysis finds devolved tax powers could add £4 billion for local services

A report commissioned by county councils suggests fiscal devolution would boost growth and local government finances.

The Independent UK

Reeves says rules and red tape are ‘boot on the neck’ of business

At the Mansion House dinner she calls for regulators to allow more risk to clear the way for economic growth

The Guardian - UK

Rachel Reeves vows to take ‘the boot of regulation off the throat of businesses’ in red tape bonfire

After announcing reforms to the mortgage market, the chancellor hopes to spur economic growth with a bonfire of regulations for the City

The Independent UK

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For the first time in decades, the U.S. will likely experience negative net migration, shrinking the U.S. workforce—and economic growth by extension

Trump’s mass deportation campaign could slash GDP growth by up to 0.4% in 2025 in a “startling” blow to the labor force, economists warn

Fortune

Rachel Reeves’ mortgage gamble is the move of a chancellor who is running out of options

NEWS ANALYSIS: Plans to get more people on the housing ladder should be applauded, writes David Maddox, but the chancellor must take heed of lessons from the past

The Independent UK

Rachel Reeves set to bet the house on economic growth by loosening mortgage rules

The chancellor is set to rip up many of the rules brought in after the 2008 financial crash to encourage investors and businesses to take risks again and open up the housing market to thousands more first-time buyers

The Independent UK

Crude Oil Prices Tumble as Trump Remains Patient with Putin

August WTI crude oil (CLQ25 ) on Monday closed down -1.47 (-2.15%), and August RBOB gasoline (RBQ25 ) closed down -0.0216 (-0.99%). Crude oil and gasoline prices today fell from 3-week highs and fell sharply on speculation that President Trump's tariff policies will slow global economic growth and energy demand....

Barchart

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Heightened Trade Tensions Weigh on Crude Oil Prices

August WTI crude oil (CLQ25 ) today is down -1.11 (-1.62%), and August RBOB gasoline (RBQ25 ) is down -0.0284 (-1.30%). Crude oil and gasoline prices today fell from 3-week highs and turned lower on speculation that President Trump's tariff policies will slow global economic growth and energy demand. Also,...

Barchart

Rachel Reeves set to ape Margaret Thatcher with bank regulation bonfire

RACHEL Reeves is reportedly set to unveil Margaret Thatcher-style banking reforms in a desperate bid to spark economic growth.

The National (Scotland)

Why Labour should target happiness alongside economic growth

With the UK still shaking off the psychological side-effects of Covid, Rachel Reeves might want to broaden her aims

The Guardian - UK

‘Shovel-ready’ renewables prioritised as grid connections queue gets shake-up

Reordering of the ‘first-come, first-served’ grid connections queue aims to meet Labour’s clean power goals and boost economic growth.

Evening Standard

Welcome to post-growth Europe – can anyone accept this new political reality?

Across much of Europe, the engines of economic growth are sputtering. In its latest global outlook, the International Monetary Fund (IMF) sharply downgraded its forecasts for the UK and Europe, warning that the continent faces persistent economic bumps in the road.

The Conversation

The hard questions NZ must ask about the claimed economic benefits of fast-track mining projects

Much of the debate about the fast-track applications by a number of new or extended mining projects has, understandably, focused on their environmental impacts. But the other side of the equation – economic growth and investment, the government’s rationale for new mines – is rarely interrogated.

The Conversation

David Lammy deploys army of top diplomats to kickstart economic growth and combat impact of Trump tariffs

Exclusive: With a failure to deliver economic growth leaving an estimated £18bn in Rachel Reeves’s budget, the use of senior diplomats to bolster engagement with business is just the latest part of a strategy to turn things around

The Independent UK

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The Conversation

In search of Labour’s ‘working people’ – the paradox at the heart of Keir Starmer’s first year in power

It’s one year since Keir Starmer led the Labour party to a landslide victory. Starmer’s manifesto, “Change” had proposed “securonomics” as a solution to the UK’s many crises. This was sold as a way of ensuring “sustained economic growth as the only route to improving the prosperity of our country…

The Independent UK

Economic slowdown linked to global uncertainty amid Trump tariffs – think tank

The Fraser of Allander Institute now expects Scottish economic growth of 0.8% in 2025 and 1.0% in 2026 – a slight downgrade from its April forecasts.

The Guardian - UK

UK economic growth confirmed at 0.7% in first quarter; Lincolnshire oil refinery calls in administrators –as it happened

UK-US trade deal kicks in today, lowering tariffs for British carmakers and aerospace sector

AAP

Better times ahead for economy, despite global woes

A major business forecaster is optimistic the pace of economic growth in Australia will accelerate over the next few years and overcome recent hurdles.

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The Independent UK

The cost of cancer deaths to the UK economy every year

Cancer Research UK said improving cancer survival and catching the disease early could boost economic growth

The Independent UK

Deaths from cancer cost UK economy £10.3bn every year – Cancer Research UK

A new report says improving cancer survival and catching the disease early could boost economic growth.

Euronews

Qatar reaffirms commitment to AIIB and will host 2026 edition of the annual meeting

Qatar will host the 11th edition of the annual meeting of the Asian Infrastructure Investment Bank (AIIB) in September 2026, ushering a new chapter of the Bank’s efforts to position itself as a global force for development and economic growth.

International Business Times

Dollar's Dramatic Drop Signals Investor Caution As Fed Speculation Grows

This decline follows a confluence of pressures, including subdued inflation, weaker economic growth signals, and political rhetoric surrounding Federal Reserve leadership.

The Conversation

How emotions rule every stage of the entrepreneurial process

Governments often see entrepreneurs as the engines of innovation, job creation and economic growth. In the UK alone, small and medium enterprises account for 99.8% of the business population and employ more than 16 million people.

We Got This Covered

‘Nobody’s pushed back on my numbers’: Lone GOP senator revolts against party’s $2.8 trillion deficit-busting megabill

Ron Johnson stands alone against fiscal fantasy.

International Business Times

Asian Stocks Drop After Fed Warning, Oil Dips With Mideast In Focus

Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict.

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