19 h. ago Trump’s tariff plans will hit UK economy, top economists warn

The chancellor is plotting billions of pounds of spending cuts as economists warn Donald Trump’s tariffs will throw her growth plans into a spin

Events

19 h. ago Trump’s tariff plans will hit UK economy, top economist warns

The chancellor is plotting billions of pounds of spending cuts as economists warn Donald Trump’s tariffs will throw her growth plans into a spin

Events

21 h. ago Labour to cut welfare spending ‘by billions’ – what changes could they make?

Treasury insiders say welfare spending cuts will be in the ‘billions’

Economics

22 h. ago Supreme Court tells Trump to pay out $2 billion to USAID after rejecting his bid to pause spending

High court’s ruling clears the way for nearly $2 billion in foreign aid funding to be released

Economics

26 h. ago Hundreds of thousands face benefits cuts as DWP budget slashed

The Department for Work and Pensions is set to see its budget cut ahead of the spring statement as the Chancellor orders departments to cut billions from their spending

Politics

2 d. ago Trump administration may exclude government spending from GDP, obscuring effect of Doge cuts

Howard Lutnick’s remarks echo Elon Musk, who says government spending doesn’t create value for US economyUS politics live – latest updatesHoward Lutnick, the US commerce secretary, said on Sunday that government spending could be separated from gross domestic product reports, in response to questions about whether the spending cuts pushed by billionaire businessman Elon Musk’s so-called “department of government efficiency” (Doge) could possibly cause an economic downturn.“You know that governments historically have messed with GDP,” Lutnick said on Fox News Channel’s Sunday Morning Futures. “They count government spending as part of GDP. So I’m going to separate those two and make it transparent.” Continue reading...

Politics

2 d. ago US may exclude government spending from GDP, obscuring effect of Doge cuts

Howard Lutnick’s remarks echo Elon Musk, who says government spending doesn’t create value for US economyUS politics live – latest updatesHoward Lutnick, the US commerce secretary, said on Sunday that government spending could be separated from gross domestic product reports, in response to questions about whether the spending cuts pushed by the billionaire businessman Elon Musk’s so-called “department of government efficiency” (Doge) could possibly cause an economic downturn.“You know that governments historically have messed with GDP,” Lutnick said on Fox News Channel’s Sunday Morning Futures. “They count government spending as part of GDP. So I’m going to separate those two and make it transparent.” Continue reading...

Politics

5 d. ago Cabinet minister Anneliese Dodds QUITS over Keir Starmer slashing billions from aid budget because she says 'it looks like UK is following in Trump's footsteps'

Development minister Anneliese Dodds has resigned warning that the reduction will only increase the influence of Russia and China.

Politics

6 d. ago Cabinet minister QUITS over Keir Starmer slashing billions of pounds from aid budget to boost defence spending

Development minister Anneliese Dodds has resigned warning that the reduction will only increase the influence of Russia and China.

Politics

6 d. ago Social Security Administration could lay off up to 50% of its workforce, source says – live

Social Security Administration expected to lay off at least 7,000 people, but a source tells Associated Press reduction could be as high as 50%As Donald Trump and tech billionaire Elon Musk work zealously to slash tens of billions in federal spending by axing thousands of jobs and gutting some government agencies, Musk faces mounting claims he has conflicts of interest and no oversight, legal and ethics experts say.Trump’s largest campaign donor and the world’s wealthiest man, Musk was tapped by the president to lead the so-called “department of government efficiency” (Doge) in a radical and opaque cost-cutting drive that allows him to keep control of SpaceX, Tesla and other huge companies with billions of dollars in federal contracts.We expect that today’s meeting will be the first in a series of such expert consultations that will bring us closer to overcoming the disagreements that have arisen with the American side, strengthening confidence-building measures. Continue reading...

Events

6 d. ago Democrat slams tariffs announcement: ‘Trump is driving the US economy straight into a wall’ – live

Ron Wyden, ranking member of Senate finance committee, says tariffs on neighboring countries will be felt by Americans and called it a betrayal to Trump’s votersTrump threatens China with additional 10% tariff in escalation of trade warAs Donald Trump and tech billionaire Elon Musk work zealously to slash tens of billions in federal spending by axing thousands of jobs and gutting some government agencies, Musk faces mounting claims he has conflicts of interest and no oversight, legal and ethics experts say.Trump’s largest campaign donor and the world’s wealthiest man, Musk was tapped by the president to lead the so-called “department of government efficiency” (Doge) in a radical and opaque cost-cutting drive that allows him to keep control of SpaceX, Tesla and other huge companies with billions of dollars in federal contracts.We expect that today’s meeting will be the first in a series of such expert consultations that will bring us closer to overcoming the disagreements that have a...

Politics

6 d. ago Trump says tariffs for Mexico, Canada, and China to go into effect next week – live

US president blames illegal drugs from Mexico and Canada as reason for tariffs going into effect on 4 March; China to be charged an additional 10% As Donald Trump and tech billionaire Elon Musk work zealously to slash tens of billions in federal spending by axing thousands of jobs and gutting some government agencies, Musk faces mounting claims he has conflicts of interest and no oversight, legal and ethics experts say.Trump’s largest campaign donor and the world’s wealthiest man, Musk was tapped by the president to lead the so-called “department of government efficiency” (Doge) in a radical and opaque cost-cutting drive that allows him to keep control of SpaceX, Tesla and other huge companies with billions of dollars in federal contracts.We expect that today’s meeting will be the first in a series of such expert consultations that will bring us closer to overcoming the disagreements that have arisen with the American side, strengthening confidence-building measures. Continue readin...

Politics

7 d. ago Trump promised to lower egg prices on ‘day one.’ Now his administration admits there’s no ‘silver bullet’

The Trump administration says they’ll spend up to $1 billion to lower skyrocketing egg prices as the virus continues to spread

Politics

7 d. ago Trump to tear up 'holy grail' regulation that will free up trillions in taxpayer cash... but could spell global disaster

The Trump Administration may soon do away with a major scientific finding that has been the basis for hundreds of billions in government spending on climate change.

Economics

8 d. ago Healey suggests defence spending increase ‘something over £6bn’, not £13.4bn

It comes after the PM told the Commons: ‘Let me spell it out, that means spending £13.4 billion more on defence every year from 2027.’

Economics

8 d. ago New Jersey governor unveils $58.1B budget amid federal funding uncertainty

New Jersey Democratic Gov. Phil Murphy has unveiled a nearly $58.1 billion budget, the final spending plan of his two terms in office

Economics

8 d. ago SNP Budget plans approved with Greens, Lib Dems and Alba support

Ministers highlighted record spending for the NHS and councils in the £63 billion budget settlement.

Politics

2 w. ago 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 GDPMette Frederiksen admitted that Denmark and other countries made a mistake by cutting their defence spending as she announced a 50bn Danish kroner (£5.5bn) package, saying: “It must never happen again.”The Danish prime minister increased defence spending to 3% of GDP in the next two years – up from 2.4% in 2024 – as she said Denmark needed a “massive rearmament” to avoid war. Continue reading...

Economics

2 w. ago 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

Events

2 w. ago To the CEOs who’ve joined Trump’s fight against diversity, I say this: you’re making a big mistake | Stefan Stern

Ditching DEI initiatives will curry favour in the Oval Office. It will also alienate the workforces bosses rely onThe mask has slipped and the gloves are off. A company which in 2022 boasted that it had exceeded its target, “spending $1.26 billion with US certified diverse suppliers”, is now ending diversity, equity and inclusion (DEI) initiatives.That company is Meta (formerly known as Facebook), whose chief executive, Mark Zuckerberg, announced DEI dismantling shortly before he had a prominent seat at Donald Trump’s recent inauguration. Perhaps from that privileged spot he was able to imbibe some of the “masculine energy” he says he wants to see at work.Stefan Stern is co-author of Myths of Management and the former director of the High Pay Centre. His latest book is Fair or Foul: the Lady Macbeth Guide to Ambition Continue reading...

Politics