The Latest Breaking News from Economy

Britain's Chancellor of the Exchequer Rachel Reeves has laid out the latest on UK public finances. Her statement arrives at a moment when the nation needs to find billions to boost defence spending against the backdrop of an ailing economy. Here are the key takeaways.

LABOUR’S welfare cuts will push “an additional 250,000 people (including 50,000 children)” into relative poverty, according to the UK…

Debbie Abrahams, who chairs the Work and Pensions Committee, questioned how ‘making people sicker and poorer’ would help the economy.

THE Chancellor has been asked to “tap up multi-millionaires for a few quid” to balance the nation’s books instead of cutting benefits for…

As the chancellor was forced to deliver a brutal spring statement due to the flatlining economy, The Independent looks at what cuts Rachel Reeves rolled out

The Deputy First Minister welcomed the figures ‘in the context of global economic uncertainty’.

SCOTLAND recorded an increase in GDP at the start of 2025 while the UK as a whole saw the economy contract, according to new figures ...

Turkey’s president has accused the political opposition of “sinking the economy” during the country’s largest protests in more than a decade

Watch as Rachel Reeves delivers her spring statement on the state of the UK economy on Wednesday, 26 March.

Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting this outperformance to continue through 2025.

The better-than-expected inflation figure comes as a relief to the economy as it faces the looming threat of stagflation: high inflation coupled with low output.