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The Latest Breaking News from G7

Japan to invite Ukraine to G7 foreign ministers' meeting in Germany - Kyodo

Japanese Foreign Minister Yoshimasa Hayashi said Japan will invite his Ukrainian counterpart to the Group of Seven (G7) foreign ministers' meeting to be held in Germany on Feb. 18, Kyodo reported on Thursday.

Reuters

US envoy confident Japan will ban LGBTQ discrimination

U.S. Ambassador to Japan Rahm Emanuel says he has “full confidence” that the Japanese government will take the necessary steps to ban discrimination against LGBTQ people

The Independent UK

Tories leave Britain as only G7 country with smaller economy than before Covid

The Government wants to blame the pandemic and the war in Ukraine for this dire situation rather than admit it is the product of 12 years of Conservative failure

Daily Mirror

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Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

G-7 weighs sanctioning Chinese, Iranian and North Korean firms for aiding Russia’s military

LONDON — Group of Seven member states are discussing whether to sanction companies in China, Iran and North Korea they believe are providing Russia with parts and technology that have military purposes, according to people familiar with the matter.

Tribune News Service

DWP to close 20 Jobcentres putting dozens of roles at risk

It is understood 50 roles will be at risk as part of the closures

Wales Online

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Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

Russia putting 'more and more forces' into Donbas battle, says Zelensky

Ukraine's Volodymyr Zelensky said the situation on the front lines in the east of the country was getting tougher, with Russia throwing more and more troops into battle, hours after the two sides agreed to exchange dozens of prisoners of war. Earlier on Saturday, Ukrainian officials said a serious accident…

France 24

New US military package includes rocket-powered bomb to double Ukraine’s strike range – as it happened

New US $2.175bn military aid also includes precision-guided rockets and HAWK air defence firing units

The Guardian - AU

EU pledges to double military aid programme for Ukraine

EU to train an extra 15,000 soldiers and prepare new sanctions against Russia

The Guardian - UK

Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

Ukraine's Zelenskiy calls for more EU sanctions on Russia

Ukrainian President Volodymyr Zelenskiy called on Thursday for more punitive measures against Russia by the European Union, but new sanctions the bloc is preparing for the one-year anniversary of the war are set to fall short of Kyiv's expectations.

Reuters

UK held back by staff shortages, Brexit and mortgage costs, says top economist

Paul Johnson responds to IMF warning that UK will be weakest major G7 economy this year

The Guardian - UK

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The National (Scotland)

'Broken Brexit Britain': UK economy to be beat by Russia in dismal forecast

THE UK economy is set to shrink and perform worse than other major industrialised economies, including Russia, as the cost of living continues to…

The Guardian - UK

Britain to be worst-performing major economy this year, warns IMF; UK mortgage approvals tumble and company insolvencies surge – as it happened

Britain is the only G7 economy forecast to shrink in 2023, the IMF says, as higher energy prices, rising mortgage costs and increased taxes hit growth.

The Independent UK

IMF warns UK economy is set for sharp contraction in ‘weakest performance among G7’

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

Wales Online

UK tipped to be weakest major economy in world as cost-of-living crisis hits households hard

The IMF has predicted UK output to shrink by 0.6% this year

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The Independent UK

UK economy to shrink more than Russia, predicts IMF

The forecast leaves the UK economy languishing behind sanctions-hit Russia

The Guardian - UK

Britain the only G7 economy forecast to shrink in 2023

IMF says UK economy is likely to contract 0.6% as rising interest rates and higher taxes take toll

Daily Mirror

UK economy to go BACKWARDS in 2023 with worst performance of all major nations

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

Evening Standard

UK recession warning as IMF predicts weakest performance among G7

Britain's economy will slam into reverse this year as the cost-of-living crisis hits households hard, the International Monetary Fund warns

Daily Mirror

Jeremy Hunt bizarrely twice refuses to say if he's paid a tax fine before changing mind

The Chancellor claimed that people at home were not 'remotely interested in personal tax affairs' after delivering a speech on the government's economic priorities

Daily Mirror

Figures show UK £60bn worse off than other countries as Jeremy Hunt lays out growth plan

The dismal analysis came as Chancellor Jeremy Hunt gave a speech laying out the government's plans for investment and growth

Reuters

Russia sanctions, Ukraine support to be G7 priority, says Japan diplomat

Japan, this year's chair of the Group of Seven (G7), expects Russia's invasion of Ukraine to dominate talks among the world's major advanced economies, its top finance diplomat, Masato Kanda, told Reuters.

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