The Latest Breaking News from GDP

UK GDP shrank 0.3% in April, the sharpest drop since October 2023, led by declines in services and manufacturing. Labour market data weakened, fuelling speculation of a Bank of England rate cut in August as recession fears grow.

Exports to America fell at the fastest pace on record, down £2 billion in April, according to the ONS.

UK chancellor Rachel Reeves has delivered the government’s spending review, setting out its plans and priorities for the next three years. The aim of the review is of course to allocate spending over that time period – but this government is keen for economic growth and so has directed the…

Nato chief Mark Rutte wants members to agree to plan at summit this month but UK remains cautious

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs

Carney says Canada will hit Nato target of 2% of GDP five years ahead of schedule amid ‘dangerous and divided world’

The Nato secretary general said there is no discrepancy between the UK's current defence spending goals and his own push for members to reach 5 per cent of GDP

Mark Rutte has urged NATO members on Monday to increase air and missile defences by 400%, warning of a possible Russian attack within five years, advocating for higher military spending targets.

In speech in London Mark Rutte says he expects alliance members to agree to raise military spending to 5% of GDP