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EXPLAINED: 16 | Rare Historical Photos

Tariffs not causing ‘dramatic’ shift in UK economy, Bank chief economist says

Huw Pill’s remarks come a day after the Bank cut interest rates to 4.25% and lowered its outlook for UK economic growth next year.

Evening Standard

Bank of England cuts interest rates to lowest level since May 2023

THE Bank of England has cut interest rates to 4.25 per cent after a slowdown in inflation, as the central bank’s chief welcomed an expected…

The National (Scotland)

Bank Of England Set To Cut Rate Amid Trump's Tariffs

The Bank of England is widely expected to cut its key interest rate by a quarter point Thursday as US President Donald Trump's planned tariffs threaten to weaken economic growth.

International Business Times

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Chancellor Rachel Reeves on track to miss fiscal rules by £63billion, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the National Institute of Economic and Social Research

Evening Standard

Chancellor on track to miss fiscal rules, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the Niesr think tank.

The Independent UK

Singapore election a test for ruling party against rejuvenated opposition

Singaporeans long accepted fewer freedoms in exchange for economic growth and good jobs. But that may be changing.

Al Jazeera

Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says

The International Monetary Fund says that countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid

The Independent UK

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Santander UK profits fall as bank lowers economic growth outlook

The UK bank said that ‘charges relating to changes to our branch network’ drove profits lower in recent months.

Evening Standard

Weak US Economic Reports Weigh on Crude Oil Prices

June WTI crude oil (CLM25) today is down -1.07 (-1.72%), and June RBOB gasoline (RBM25) is down -0.0331 (-1.58%). Crude oil and gasoline prices today are sharply lower, with crude dropping to a 1-1/2 week low. Today's weaker-than-expected US job openings and consumer confidence reports were negative for economic growth...

Barchart

US tariffs threaten to derail UK economic growth, EY warns

EY said it was now expecting UK GDP to grow by 0.8% this year, down from the 1% growth projected in February.

Evening Standard

Can America Get Out of the Gerontocracy Trap?

If voters so overwhelmingly prefer younger candidates, why are they underrepresented in politics?

Reason

Google says the UK needs to do more to adopt AI, then it can reap the benefits

Google report claims the UK could unlock £400 billion in economic growth if it adopted AI effectively.

TechRadar

US Treasury Chief Says IMF, World Bank Must Be 'Fit For Purpose'

The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growth instead of social issues.

International Business Times

Developments in AI need to be properly regulated as the world scrambles for advantage

Artificial intelligence (AI) is often hailed as the defining technology of the 21st century, shaping everything from economic growth to national security. But as global investment in AI accelerates, many experts are beginning to ask whether the world has embarked on an AI “arms race”.

The Conversation

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The Independent UK

Rachel Reeves is besieged on all sides and needs a dramatic intervention to save UK economy

NEWS ANALYSIS: As Rachel Reeves prepares for a career defining speech in Washington DC, political editor David Maddox looks at the competing forces turning her dreams of economic growth into a nightmare

The Independent UK

Trump live updates: Just 37% of Americans approve of president’s handling of economy, poll shows

The majority of Americans now fear a recession, even as Donald Trump conceded ultra-high tariffs on China would fall but would not hit zero

Reason

IMF Report: Trump Trade War Will Hurt Both U.S. and Global Economies

Predictions for U.S. and global economic growth are down since January.

AAP

Trump uncertainty set to smash Australian economy

Australia is not following the "bouncing ball" of Donald Trump's daily shifts, the treasurer says, amid predictions of a bigger-than-expected economic hit.

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The Independent UK

Trump tariffs will slash UK’s economic growth, warns IMF

IN FULL

Evening Standard

Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

The Independent UK

UK economic growth forecast slashed as Trump’s tariffs hit Britain harder than Europe

The downgrade to Britain’s growth forecasts heightens the importance of Rachel Reeves securing a trade deal for the UK

The Conversation

West Africa’s bold trade experiment turns 50: an Ecowas report card

The Economic Community of West African states (Ecowas) is set to mark 50 years in May 2025. It was established in 1975 by 16 member states. Though seven of the founding leaders had ascended to power through coups d’état, the initial focus was economic growth and regional trade and cooperation.

MusicRadar

“Without investment in music education our talent pipeline is at risk of drying up along with the huge opportunities for economic growth it brings”: UK Music draws up five point plan to “turbocharge” music education

They urge the government to recruit 1,000 new music teachers

The Independent UK

European Central Bank cuts interest rates for the seventh time as global trade tensions escalate

The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump’s tariff onslaught

Euronews

Fed’s Powell warns tariffs may upset inflation-growth balance

Federal Reserve Chair Jerome Powell expressed concern over achieving the central bank’s dual mandate as tariffs are likely to drive inflation higher while weakening economic growth. His comments added further pressure on US stock markets and the US dollar on Wednesday.

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