5 h. ago 'We’ll make you better off,' says Labour as Keir Starmer hails UK 0.7% GDP growth as fastest in G7

The economy in the UK grew faster than in the US, France, Germany, Italy, Japan and Canada

Politics

5 h. ago UK economy grew faster than expected to 0.7% in first quarter of year ahead of Trump tariffs

Rachel Reeves says figures show government ‘making right choices’ but ‘there is more to do’

Politics

5 h. ago Economy shoots ahead at faster than expected 0.7% in first quarter

But spurt is likely to prove short lived, as taxes, bills and tariffs all kicked in during April

Events

5 h. ago 'We’ll make you feel better off,' says Treasury minister Emma Reynolds as 0.7% GDP growth fastest in G7

The economy in the UK grew faster than in the US, France, Germany, Italy, Japan and Canada

Politics

6 h. ago UK economy grew faster than expected 0.7% in first quarter of year

Rachel Reeves says figures show government ‘making right choices’ but ‘there is more to do’

Politics

6 h. ago British economy grew by 0.7 per cent between January and March, official statistics say

Chancellor Rachel Reeves said the growth figures from the Office for National Statistics showed the Government was 'making the right choices' but acknowledged 'there is more to do'.

Politics

6 h. ago City welcomes faster than expected 0.7% growth in first quarter of the year

But spurt is likely to prove short lived, as taxes, bills and tariffs all kicked in during April

Politics

8 d. ago BMW boss predicts Trump’s 25% tariffs on foreign cars will be lowered by July

The German carmaker has reported that its first-quarter profits for 2025 have fallen by 25%The boss of BMW has predicted that Donald Trump’s import tariffs on foreign cars will be lowered this summer, as the German carmaker reportedprofits for the first quarter had tumbled by a quarter.Oliver Zipse, BMW’s chief executive, said he expects that Trump’s 25% tariffs on the import of foreign cars will be dropped by July. Continue reading...

Politics

1 week ago Trump says Biden caused the economic downturn. That’s malarkey | Steven Greenhouse

The US president is blaming ‘Biden’s economy’. In fact, there is one key cause of the poor showing – and it’s not his predecessorWhile Donald Trump delusionally asserts that “we’re celebrating the most successful first 100 days of any administration in American history”, last week’s economic news emphatically refutes that. Trump’s commerce department reported on Wednesday that the US economy – in a sharp and dismaying reversal – shrank in the first quarter of this year.That of course is when Trump returned to the White House, but Trump, true to form, denied that he was in any way responsible for the surprisingly bad economic news. Trump, who has spent his life blaming others and refusing to admit mistakes, was quick to blame Joe Biden for the downturn. The nation’s gross domestic product declined at a 0.3% annual rate in the quarter, after adjusting for inflation.Steven Greenhouse is a journalist and author focusing on labor and the workplace, as well as economic and legal issues Co...

Politics

1 week ago Apple says Trump’s tariffs will boost costs by $900mn in June quarter

Chief executive Tim Cook says it is ‘very difficult’ to make predictions for latter half of 2025

Economics

2 w. ago China hints at openness to trade talks with US; Tesla denies board search for Musk successor – business live

Live, rolling coverage of business, economics and financial markets as Chinese state-controlled social media says US has approached China for trade talksLloyds Banking Group has reported a 7% drop in pre-tax profit to £1.5bn in its first quarter, and is bracing for the ripple effect from Trump’s tariffs on its balance sheet.The high street bank said that it has set aside £309m to account for possible bad debts, compared with previous guidance of £274m, as it added a £35m net charge to prepare for the possible impact on the economic outlook from President Trump’s tariffs.The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue.Yuyuan Tantian is not among China’s most authoritative state media outlets. The Global Times, which is owned by the newspaper of the governing Communist Party, People’s Daily, has often been first to report China’s next steps in trade disagreements over the past few years.Guo Jiakun, a spokesperson fo...

Politics

2 w. ago US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Drop comes amid a huge fall in consumer sentiment which in April dropped 32% to lowest level since 1990 recessionThe US economy shrank in the first three months of Donald Trump’s second term as the president sought to roll out an aggressive trade strategy, claiming that sweeping tariffs on the world would strengthen the US economy.Gross domestic product (GDP), a key measure of overall growth in the US economy, fell by 0.3% in the first quarter of the year, down from 2.4% in the last quarter of 2024. The contraction – the first since the start of 2022 – puts the US on the brink of a technical recession, defined by two quarters of negative growth. Continue reading...

Politics

2 w. ago U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

The U.S. economy shrank 0.3% from January through March, first drop in three years

Politics

2 w. ago US economy contracted at 0.3% rate in first quarter ahead of Trump tariffs

Annualised figure comes below expectations and contrasts with previous growth

Politics

2 w. ago Eurozone economy grows 0.4% in first quarter ahead of Trump’s tariffs

Figure for period before US president announced sweeping levies surpasses expectations

Politics

2 w. ago Shaun Murphy says Ronnie O'Sullivan 'did a lot of things he probably wouldn’t be proud of'

Judd Trump booked his place in the quarter-finals of the 2025 World Snooker Championship with a 13-10 win over Shaun Murphy on Monday, and The Magician was full of praise for the former world champion

Politics

2 w. ago Shaun Murphy comments on Ronnie O'Sullivan behaviour and unfair Judd Trump treatment

Judd Trump booked his place in the World Snooker Championship quarter-final with a comprehensive victory over Shaun Murphy, who couldn't help but wax lyrical about his opponent after the match

Politics

2 w. ago Shaun Murphy says Judd Trump paid him 'backhanded compliment' as snooker ace earns Ronnie O'Sullivan comparison

World No.1 Trump has produced some stunning snooker on his way into the quarter-finals in Sheffield

Politics

3 w. ago Elon Musk says his time working for Donald Trump will 'drop significantly' as he focuses on Tesla

Elon Musk currently spends a large portion of his professional time working for Donald Trump's Department of Government Efficiency (DOGE) - but first-quarter profits at Tesla sank this year

Politics