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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...
...Russia would need to produce 3.6mn shells a year to sustain the current rate of fire, according to a report published this week by the Center for Strategic and International Studies....
...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....
...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....
...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....
...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....
...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....
...john.gapper@ft.com...
...Economists polled by Bloomberg had expected the annual rise in consumer prices to remain unchanged from January’s rate of 3.1 per cent....
...Sales climbed 1 per cent to £12.4bn....
...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....
...briefs, £680 Gucci light-stretch-wool dress with lace inserts, £2,970 Loewe wool and cashmere Knot top, £725, and matching trousers, £1,100....
...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....
...John Paul RathboneThat is a key difference....
...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....
...The figure from the Bureau of Economic Analysis was far below analysts’ expectations of a 2.5 per cent rise and the revised rate of 3.4 per cent for the fourth quarter....
...UK inflation declined less than expected to 3.2 per cent in March, according to official data published this week....
...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....
...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....
...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....
...This is what we asked for:— 1) The current and past membership of the Government Wine Committee— 2) All meeting minutes and reports of the Government Wine Committee since 2013— 3) The terms of reference...
...(See 1, above)....
...Sales in petrol stations were up 3.2 per cent in March, household goods stores reported a 2.4 per cent expansion and sales at clothing stores rose 0.5 per cent....
...Thames Water does not own Tideway....
...(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!...
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