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New forecasts from the Organisation for Economic Co-operation and Development (OECD) project the UK economy to grow at 0.7 per cent next year and 1.2 per cent in 2025.
Liz Truss appeared to suggest her mini-budget may have paid off long-term as her new taskforce warned the UK risks lagging behind other nations unless it tackles stagnation. Britain’s shortest-serving prime minister likened sluggish growth in recent years to a “boiling a frog situation” as she attended an event to launch the Growth Commission. Members [...]
Rishi Sunak has warned that an increasingly authoritarian China poses the “biggest challenge of our age” after discussing how to tackle aggression from Beijing with western allies. The prime minister said that it is the “only country with both the means and intent to reshape the world order” after meeting with leaders at the G7 [...]
Rishi Sunak has insisted he will bring down taxes when inflation cools and claimed the economy is defying expectations. It comes after economists warned one in five people will be paying the higher rate of tax under his policies. The Prime Minister said the nation’s finances are receiving boosts from the departure from the EU, [...]
A US official has said the G7 nations will resist any “coercion” from China during a key summit in Japan, as tensions heighten over Taiwan, according to reports. Foreign ministers from the Group of Seven countries – the UK, the US, Germany, France, Japan, Canada and Italy – are meeting in the central Japanese city [...]
The vast majority of Western corporations have failed to properly exit Russia, according to research carried out by two Swiss universities. Multinational firms such as including McDonalds and Nissan even have kept an option to buy back their Russian subsidiaries via clauses into their exit contracts; this would let them return to Russia if tensions [...]
The G7 is considering plans to block the transporting of Russian oil unless it heeds a price cap, amid a supply crunch in Europe.
The G7 has called Belarus “callous” over its treatment of migrants, which has seen some 2,000 people gather in desperation at the Polish border. There are currently around 7,000 migrants residing in Belarus, according to presidential press secretary Natalya Eismont today, who hope of entering the European Union (EU). “The European Union shall open a [...]
G7 leaders are under pressure to present a united front at an emergency meeting this afternoon on the crisis in Afghanistan. Leaders of the UK, US, Canada, France, Italy, Germany and Japan are to discuss how to coordinate their response to the crisis. The online talks chaired by UK Prime Minister Boris Johnson will also [...]
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