The Latest Breaking News from GDP

Spain has rejected a NATO proposal to spend 5% of GDP on defense needs that’s expected to be announced next week, calling it “unreasonable.”

Discussions on poverty in India have long centred on the Household Consumption Expenditure Surveys (HCES) which are conducted nationwide. These surveys measure how much households spend and are often used as a stand-in for household income since reliable income data is hard to collect in developing countries.

THE INDEPENDENT VIEW: Editorial: In spite of Rachel Reeves’s much-vaunted increase in MoD expenditure, a rise to 2.6 per cent of GDP can only be achieved by draining the overseas aid budget, reallocating intelligence agency funds, and other sleights of hand. When the prime minister faces Nato leaders, including Donald…

The UK economy fell at a faster pace than expected in April, numbers on Thursday showed, as services output slumped.

The UK government’s spending review has set out its priorities for the next three years. But behind the rhetoric about boosting growth lies growing concern about small businesses being locked out of the wider UK economy. Government funding and regulation are increasingly out of step with the reality of micro-enterprises…

Concerns have been raised that the increase in defence spending pledged by Keir Starmer’s government is ‘smoke and mirrors’

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.

THE UK economy saw the biggest monthly contraction for a year-and-a-half in April in a setback for Chancellor Rachel Reeves ...