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The Latest Breaking News from GDP

Pressure grows for Starmer to boost defence spending ahead of Trump showdown

PM travels to Washington next week as the only major UK party leader who has not backed calls to hike the defence budget to 2.5 per cent of Britain’s GDP by 2030

The Independent UK

Rachel Reeves should rewrite the rulebook on GDP growth

Letters: Donald Power, Dr Neil Lancastle and Andrew Risby respond to an editorial on Britain’s broken economy

The Guardian - UK

Reeves ‘absolutely committed’ to spending 2.5% of GDP on defence

Chancellor Rachel Reeves said an increase in spending in line with what Labour promised in its manifesto will be done ‘in the proper way’.

Evening Standard

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Denmark to spend billions on defence, citing fears over Russian rearmament

Mette Frederiksen says situation is ‘most dangerous’ in many years as she increases defence budget to 3% of GDP

The Guardian - UK

Denmark announces plans to bolster its defense spending and raise it above 3% of GDP

The Danish government has announced plans to bolster its military by setting up a 50 billion-kroner ($7 billion) fund that it says will raise the country’s defense spending to more than 3% of gross domestic product this year and next

The Independent UK

Buffett Just Dumped His S&P 500 Holdings—What It Means for You

Warren Buffett has suddenly decided to sell his S&P 500 position in recent weeks, warning investors to consider moving forward.

MarketBeat

First Thing: Trump blames Ukraine over war with Russia – ‘you never should have started it’

President ‘disappointed’ with Volodymyr Zelenskyy’s complaint about being excluded from talks. Plus, clean energy contributed 10% to China’s GDP in 2024

The Guardian - UK

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Why is Spain’s economy booming? Thanks to migration – which proves xenophobia doesn’t pay

With Spanish GDP growth leading Europe last year, diversity is making us richer – not only financially but culturally, too, says journalist María Ramírez

The Guardian - UK

Europe deserves its seat at the kids' table over Ukraine, German defense boss says

European NATO members' repeated failure to hit its defense spending targets means it should have no complaints about peace talks, Rheinmetall CEO says.

Fortune

How Spain’s radically different approach to migration helped its economy soar

As immigration has increased, GDP has surged and unemployment has fallen to lowest level since 2008

The Guardian - UK

UK should be cautious after change in US policy over Ukraine, think tank says

US Defence Secretary Pete Hegseth said European nations need to spend 5% of GDP on defence and would be responsible for peacekeeping in Ukraine.

Evening Standard

Meeting Ukraine peacekeeping pledge would require tax rises or spending cuts, Starmer warned

Managing the pressures of an ageing population on the NHS while ramping up defence expenditure would be an ‘epochal challenge’, top economist warns

The Independent UK

Value of London's housing stock approaches record £2 trillion

For the UK as as whole the total value now stands at £9.1 trillion , or 3.5 times the annual GDP of the UK

Evening Standard

Japan 2024 Growth Slows Despite Stronger Fourth Quarter

Japan's economic growth slowed sharply last year, official data showed Monday, although the rate for the fourth quarter topped expectations.

International Business Times

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The Guardian - UK

Trump’s return means UK must swiftly find a way to increase defence spending

Under Biden, the move could wait until the UK worked out how to meet its 2.5% GDP commitment. Not now

The Independent UK

The US thinks Europe isn’t pulling its weight on Nato – but how much are countries really spending on defence?

With President Donald Trump entering office for the second time, Nato spending is once again under scrutiny as the United States warns European countries must dig deeper into their pockets.

Evening Standard

Fact check: Ukraine aid, immigration figures and growth projections

Round-up of fact checks from the last week compiled by Full Fact.

Top News

US Urges NATO Allies To Increase Defense Spending To 5%

US Defense Secretary Pete Hegseth urges NATO allies to increase defense spending to 5% GDP, aligning with Trump administration's stance.

The Independent UK

Does GDP growth mean ‘more money in your pocket’? Reeves plan explained

Chancellor says growth will drive up living standards – but some are less sure

Evening Standard

OPINION - Whisper it quietly, but there may be some green shoots for Britain's economy

The British economy growing at a rate of 0.1% a quarter would not normally be cause for unfurling the bunting at Number 11. After all GDP could hardly advance any less rapidly without grinding to a complete halt. But after the run of ghastly headlines Rachel Reeves has endured she…

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