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The Latest Breaking News from Economic Growth

Inflation and unemployment forecasts hiked as tax burden to hit record – OBR

It came as the UK’s official forecaster also reported that economic growth will be weaker than expected from 2026.

The Independent UK

Ministers approve £750m Marlow Film Studios development after review

Planning permission granted for Buckinghamshire project seen as test of Labour’s drive for economic growth

The Guardian - UK

Business backlash as Reeves confirms minimum wage pay rise hike for millions of workers

The chancellor said the move would mean those on low incomes were ‘properly rewarded’ - but businesses warned the move could drive unemployment and hit economic growth

The Independent UK

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Rachel Reeves wants to achieve these five things with her Budget – it won’t be easy

BUDGET 2025: The chancellor took on her role wanting nothing more than economic growth, but her priorities have now dramatically changed, as political editor David Maddox explains

The Independent UK

What’s at stake in the UK Autumn Budget? Here are the points to watch

UK Chancellor Rachel Reeves faces the challenge of raising an estimated £20-30bn, with both her and the government’s credibility on the line.

Euronews

Chancellor warned of crisis before make-or-break Budget

With hours to go until one of the most anticipated Treasury statements in modern history, Rachel Reeves has been given disastrous warning on the economy’s outlook

The Independent UK

Economic forecasts point to a Democrat win in the 2026 US midterm elections

The resounding victories in recent elections by Democrats Zohran Mamdani in New York, Abigail Spanberger in Virginia and Mikie Sherrill in New Jersey has reinvigorated the party after a dismal year since Donald Trump became president.

The Conversation

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From Paris to LA: The World’s Leading Luxury Destinations

Some cities around the world are known for their unmatched luxury. These places feel like stepping to a different world with its wealthy crowd and culture. Cities like Milan, Paris or New York are famous for their high end shopping streets, hotels, cars and way of life. The tourists visit…

MyLifeXP

More firms looking to trade abroad as UK growth and tax worries grow

Nearly half of businesses, or 47%, are considering international expansion, according to Santander’s latest trade barometer.

Evening Standard

Elon Musk Warns ‘The Only Way to Get Us Out of the Debt Crisis’ and ‘Prevent America from Going Bankrupt is AI and Robotics’

Elon Musk argues that America’s mounting national debt is unsustainable under current political constraints and asserts that only rapid economic growth driven by AI and robotics can avert fiscal crisis.

Barchart

Chancellor, hospitality can drive economic growth - if you just give us the chance

A great pub supports a local eco-system, provides an unofficial form of social care for those who are alone, and is the beating heart of its community

Evening Standard

TSB earnings spike ahead of Santander takeover

The bank said its financial performance had improved despite consumers remaining cautious amid rising inflation and weakening economic growth.

Evening Standard

UK growth slows down to a crawl in Q3 ahead of crucial budget

Economic growth in the U.K. slowed down to a near standstill in the third quarter of the year

The Independent UK

UK economic growth slows ahead of Budget

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The Independent UK

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Evening Standard

UK economic growth slows ahead of Budget after JLR shutdown

The Office for National Statistics said UK gross domestic product grew by 0.1% between July and September.

The Independent UK

Labour leadership live: Starmer denies No 10 aides to blame for attack on Streeting

Concerns around Labour Party leadership deepens ahead of Rachel Reeves’s upcoming Budget

Evening Standard

Economic growth predicted to have slowed in third quarter

Experts have predicted that the Office for National Statistics will report 0.2% growth over the three months to September.

Evening Standard

UK economic growth set to slump next year if income tax goes up, warns City forecaster

Research firm Morningstar slashes its GDP growth prediction from 1.5% to just 0.5% in 2026

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Evening Standard

Scrap tourist tax, university foreign students levy and cut stamp duty on shares to boost London, Reeves urged

The Chancellor could also create new jobs and more homes by supporting new transport schemes for the city, say London bosses

Barchart

Crude Prices Supported by Energy Demand Optimism

December WTI crude oil (CLZ25 ) on Thursday closed up +0.09 (+0.15%), and December RBOB gasoline (RBZ25 ) closed up +0.0019 (+0.10%). Crude oil and gasoline prices posted modest gains on Thursday. An easing of US-China trade tensions is supportive for economic growth prospects and energy demand after President Trump...

Barchart

Crude Prices Push Higher as Global Growth Prospects Improve

December WTI crude oil (CLZ25) today is up +0.11 (+0.18%), and December RBOB gasoline (RBZ25) is up +0.0008 (+0.04%). Crude oil and gasoline prices are slightly higher today. An easing of US-China trade tensions is supportive for economic growth prospects and energy demand after President Trump and President Xi Jinping...

Barchart

Dollar Rallies on Hawkish Powell

The dollar index (DXY00 ) rallied to a 2-week high on Wednesday and finished up by +0.62%. The dollar found support on Wednesday amid easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal on Wednesday that will see South...

Barchart

Dollar Climbs as Global Trade Tensions Ease

The dollar index (DXY00 ) today is up by +0.18%. The dollar is climbing today on easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal today that will see South Korea make $150 billion in shipbuilding investments and cap...

The Guardian - UK

Planning bill could risk UK’s trade deal with EU, say sources

Exclusive: Proposed legislation removes EU-derived nature protections as government hopes to boost economic growth

The Independent UK

Fresh blow for Reeves as house builders warn Labour will struggle to hit 1.5m homes target

The warning is likely to harm prospects for the OBR upgrading its forecast for economic growth from construction

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