The U.K. economy saw modest growth at the end of last year, with a 0.1 percent increase in GDP in the final quarter, slightly better than expected. However, business investment declined by 3.2 percent, partly due to budget changes and global uncertainties. Overall growth in 2024 was primarily driven by population increase, with per capita GDP decreasing by 0.1 percent.
Full Article
UK and EU close ranks on defence amid Trump turmoil
The global turmoil stemming from the Trump administration is strengthening the EU's commitment to sign a defence and security pact with the UK, enabling British arms companies to engage in joint procurement. This agreement, set to be finalized at a summit hosted by UK Prime Minister Sir Keir Starmer, aims to enhance European defence capabilities amidst rising tensions and re-armament discussions following Trump's NATO threats and Russian overtures. While addressing broader geopolitical issues, the pact's...
Read more