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...Escalating geopolitical tensions in Asia and the Middle East helped drive the increase in global defence spending to 2.3 per cent of global economic output, Sipri said in its latest annual survey of global...
...The UK government has pledged this week to increase defence spending from about 2.3 per cent to 2.5 per cent of national income....
...briefs, £680 Gucci light-stretch-wool dress with lace inserts, £2,970 Loewe wool and cashmere Knot top, £725, and matching trousers, £1,100....
...Officials said that defence spending would have been closer to £80bn — about £7bn less — if it was kept at the current 2.3 per cent of GDP....
...Pre-tax profits at the John Lewis Partnership were £56mn in the year to January, compared with a £234mn loss the previous year. Sales climbed 1 per cent to £12.4bn....
...Consumer prices rose at an annual rate of 3.2 per cent, down from 3.4 per cent in February, the Office for National Statistics said....
...Economists polled by Bloomberg had expected the annual rise in consumer prices to remain unchanged from January’s rate of 3.1 per cent....
...John Lobb suede loafers, £1,310. Paul Smith cotton/silk socks, £41. Ayooluwa wears Burberry gabardine coat, £2,290. Fendi cotton shirt (just seen), £1,050. Manolo Blahnik suede loafers, £725....
...More than $1.6bn of the awards involve hydrogen, and come on top of IRA’s tax credit of up to $3 a kilogramme of clean hydrogen, as well as its subsidies for clean energy production....
...Waitrose is only slightly ahead of M&S in the grocery market, with a 3.6 per cent market share this month versus the latter’s 3.4 per cent, according to data provider NIQ....
...Based on reporting by Roman Olearchyk, Christopher Miller, Ben Hall, Max Seddon, John Paul Rathbone, John Reed, Guy Chazan, Henry Foy, Mehul Srivastava, Polina Ivanova and Tim Judah....
...Europe has meanwhile increased its defence spending from 1.3 per cent to 1.6 per cent of GDP over the same five-year period....
...John Burn-MurdochYeah. So the number that we really care about here is 2.1 births per woman. That’s what we call the replacement rate....
...The Office for Budget Responsibility expects inflation to slow to an average of 2.2 per cent this year and 1.5 per cent in 2025 before gradually returning to target at the end of the forecast period....
...Gross domestic product grew 3.2 per cent in the fourth quarter, the commerce department said on Wednesday, down from its initial estimate of 3.3 per cent....
...The figure was slightly higher than the 3.1 per cent forecast by economists polled by Reuters and the Bank of England and above the BoE’s 2 per cent target....
...But by 2026 with the bank rate at maybe 3.1 per cent or 3.2 per cent, I can get back to repaying a larger portion of the principal,” he says....
...The government estimates that getting military spending to 2.5 per cent of gross domestic product from its current baseline of 2.3 per cent of GDP will cost an extra £4.5bn a year by 2028-29....
...Economists polled by Bloomberg had forecast annual consumer price inflation of 2.9 per cent, down from 3.4 per cent in December....
...If Houchen wins, expect Sunak to make a beeline to the area on May 3....
...(threat 2 Qg8 mate) when 1 . . . Nb4 2 Ne3 really is mate or 1 . . . Nd4 2 Nb6 mate (by John Rice and Michael Lipton). Chess: 2345 1 Rxg7! Kxg7 (if Rb1 2 Rg1!...
...Five more top stories 1....
...Futures for Brent crude, the international oil benchmark, rose as much as 4.2 per cent to $90.75 per barrel and then retreated to trade 1.1 per cent higher at $88.04....
...Gold, a haven during times of geopolitical uncertainty, gained 0.3 per cent to $2,386, falling back after hitting $2,400 for the first time earlier in the day....
...UK defence spending is currently just under 2.3 per cent of GDP once military aid to Ukraine is included and the government has said it will only increase to 2.5 per cent “if fiscal and economic circumstances...
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