OECD cuts UK growth forecasts as Reeves grapples with weak economy

UK economy shrinks unexpectedly in blow to Rachel Reeves

ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statement. Analysis: Shrinking economy an unhelpful backdrop for Reeves’s growth push The UK ...

The Guardian - Mar. 14

FirstFT: OECD cuts global growth forecast

Also in today’s newsletter, Trump and Putin to hold Ukraine talks and Netanyahu plans to sack Shin Bet chief

Financial Times - 4d

Reeves to outline plan to cut regulation costs and boost growth

Chancellor will meet regulators after calling for action to restrict their scope in bid to save businesses billions. Rachel Reeves will meet UK regulators on Monday after calling for more action to ...

The Guardian - 4d

Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs. Business live – latest updates Donald Trump’s trade wars are splintering the global ...

The Guardian - 4d

Global economy takes centre stage

OECD updates growth forecasts, a clutch of central banks set interest rates and the IOC picks a new Olympics president

Financial Times - 5d

Trump’s trade war will damage global growth, OECD warns

Forecasts downgraded for a dozen G20 economies and alarm sounded on ‘ratcheting up’ of trade barriers

Financial Times - 4d

Rachel Reeves: turning a weak economy into a strong hand

Chancellor wins plaudits from Tories for tough spending decisions but cabinet colleagues grow uneasy

Financial Times - Mar. 14

U.S. and global economic outlooks cut by OECD as Trump's trade tariffs weigh on growth

"A series of recently announced trade policy measures will have implications for the economic outlook if sustained," the OECD said.

CNBC - 4d

Government borrowing higher than expected as pressure builds on Reeves

The latest figures for the UK economy add pressure on Chancellor Rachel Reeves ahead of her Spring Statement next week.

BBC News - 12h

The U.S. growth outlook was just cut by the OECD on uncertainty and tariffs

The U.S. economic growth outlook — and even more so, Canada’s and Mexico’s — was lowered on Monday by the Organization for Economic Cooperation and Development due to policy uncertainty and the ...

MarketWatch - 4d

Federal Reserve cuts US economic growth outlook amid Trump tariffs

Officials raise inflation forecast to 2.7% this year, as Fed chair Jerome Powell says uncertainty is ‘remarkably high’. Officials at the US Federal Reserve cut their US economic growth forecasts ...

The Guardian - 2d

UK economy unexpectedly contracted 0.1% in January

Figure underscores challenge for chancellor Rachel Reeves ahead of high-stakes Spring Statement

Financial Times - Mar. 14

FedEx is the latest company to sound the alarm on the U.S. economy

FedEx cuts its profit outlook for the third time in a row, thanks to “continued weakness and uncertainty in the U.S. industrial economy.”

MarketWatch - 1d

Bond market strains intensify for Reeves as investors await OBR’s verdict

Fiscal watchdog’s preliminary forecasts based on UK borrowing costs exclude recent rise in gilt yields

Financial Times - Mar. 12

Why is UK wage growth so strong?

Pay is out of line with the state of the economy, puzzling analysts and worrying the BoE

Financial Times - 22h

Fed cuts US growth forecast as Trump’s policies weigh on outlook

Central bank also lifts inflation projection as chair Jay Powell warns of tariff impact

Financial Times - 1d

UK economy unexpectedly shrinks in January, in blow to Treasury chief ahead of key statement

The British economy unexpectedly shrank during January, piling pressure on Treasury chief Rachel Reeves before a key statement about the state of the public finances later this month

ABC News - Mar. 14

Reeves’ cuts to total over £10bn in bid to restore UK finances

Departmental spending squeeze and benefits crackdown part of chancellor’s bid to fill fiscal hole

Financial Times - 3h

Trump’s Trade War Will Slow Global Economic Growth, OECD Says

Growth outlooks in the United States and several other countries are projected to slow this year and next, as uncertainty on trade and economic policy takes a toll.

The New York Times - 3d

Tate cuts almost a tenth of staff as it tackles deficit

UK arts institution tries to break even ahead of fundraising rounds designed to drive growth

Financial Times - Mar. 14

FirstFT: Nvidia to spend billions in US as it shifts chip supply chain from Asia

Also in today’s newsletter, the Fed cuts its 2025 growth forecast and how Jeff Bezos made peace with Maga

Financial Times - 1d

US shoppers cut spending as economic outlook concerns mount

Tariffs, market volatility and political uncertainty threaten to undermine key driver of growth in world’s largest economy

Financial Times - 5d

Reeves meeting regulators in drive to cut red tape

The chancellor will unveil plans to cut bureaucracy as the government continues its bid to slash red tape.

BBC News - 4d

NOAA and National Weather Service job cuts raise concerns about forecasts

A hurricane modeling specialist fired from the National Weather Service said progress on forecast accuracy may "go backwards" if job cuts continue.

CBS News - Mar. 11

Economists forecast slowing US growth and increased inflation

Also in today’s newsletter, US’s campaign against the Houthis and the man moving Meta to the right

Financial Times - 3d

Reeves to restrict UK competition watchdog’s merger investigations

Chancellor wants probes by the Competition and Markets Authority to be faster and more predictable

Financial Times - 4d

UK economy unexpectedly shrank by 0.1% in January

The U.K.'s economy unexpectedly shrank by 0.1% in January, official figures showed on Friday.

CNBC - Mar. 14

China unveils plan to ‘vigorously boost’ weak consumption

Policymakers seek to spur demand as economy battles deflationary pressure

Financial Times - 4d

What will be in the chancellor's Spring Statement?

Chancellor Rachel Reeves will give more detail about the government's plans for the economy.

BBC News - Mar. 9

Samsung promises to pursue deals in ‘do or die’ bid to revive growth

South Korean tech giant apologises to shareholders after year of weak performance

Financial Times - 2d

Fed likely to pause rate cuts with clouds gathering over the economy

The Federal Reserve is unlikely to cut interest rates this week despite growing concern about the state of the U.S. economy and the impact of President Trump’s trade agenda. Markets are expecting ...

The Hill - 3d

UK economy shrank unexpectedly in January

A slowdown in manufacturing was one of the main reasons for the dip, the Office for National Statistics says.

BBC News - Mar. 14

Reeves promises to scrap ‘unnecessary’ financial market reporting rules

UK chancellor to ease requirements on how much data companies have to provide

Financial Times - 3d

Bank of England keeps rates on hold at 4.5%

Rate-setters are grappling with combination of a sluggish economy and continuing price pressures

Financial Times - 1d

Treasury Secretary Bessent says he’s not concerned about the current stock market volatility

Bessent downplays signals of weak first-quarter economic growth

MarketWatch - Mar. 13

UK economy shrinks in January; stocks and euro jump on German debt deal – as it happened

UK economy unexpectedly contracts by 0.1% in January in blow to the chancellor ahead of spring statement; Friedrich Merz declares: ‘Germany is back’. Let’s look at the GDP figures in more detail.. ...

The Guardian - Mar. 14