United Kingdom & Ireland IMF News Monitoring

UK borrowing overshoots forecast by £15bn, fuelling pressure on Reeves ahead of autumn budget

The Office for National Statistics (ONS) reported that public sector borrowing in the 12 months to March reached £151.9 billion—£14.6 billion more than forecast by the Office for Budget Responsibility (OBR) just weeks ago and over £20 billion higher than …

Wednesday newspaper round-up: Tesla, IMF, China tariffs...

The International Monetary Fund has called on central banks to “build on their independence” after President Trump intensified attacks on the US Federal Reserve, raising fears about political interference in monetary policy. Pierre-Olivier Gourinchas, …

UK borrowing nearly £15bn above official forecast as pressure grows on Reeves

Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our …

Rising pay and benefits push UK government borrowing higher

  The UK government borrowed more than expected in the year leading up to March, driven largely by higher spending on wages and benefits, according to official data. Public sector borrowing — the gap between government spending and tax income — reached £ …

IMF sees ‘subdued’ eurozone economy suffering less from trade war

Rising uncertainty and higher tariffs will weigh on growth in the eurozone this year, the IMF said Tuesday as it cut its forecast for the bloc’s growth, but the impact will be less than in other regions of the world. The International Monetary Fund now …

IMF Lowers India's Growth Projection To 6.2% For FY26; Details Here

Last Updated:April 23, 2025, 10:44 IST 'For India, the growth outlook is relatively more stable at 6.2% in 2025, supported by private consumption, particularly in rural areas,' says IMF in World Economic Outlook. India, which grew at 6.5 per cent …

Pressure builds on UK finances as Reeves pushes for US trade deal

Faarea MasudBusiness reporter, BBC News ShareSave The government borrowed more than expected in the year to March due to increased spending on pay and benefits, according to official figures. Borrowing, the difference between spending and income from taxes …

UK-US trade talks live: Reeves insists Trump is ‘keen to do a deal with the UK’ ahead of crunch talks

Reeves says ‘that ship has sailed’ on Brexit but pledges closer ties with EU to tackle tariff impact Rachel Reeves has said the “ship has sailed” when it comes to Brexit, but promised to “deepen and strengthen” the UK’s ties with the EU in order to support …

IMF slashes Korea’s growth forecast

The International Monetary Fund (IMF) has sharply downgraded South Korea’s 2024 economic growth forecast, citing growing domestic political uncertainty and fallout from U.S. President Donald Trump’s aggressive tariff policies. With other major institutions …

UK government borrowing spikes as Rachel Reeves scrambles to strike US trade deal to dodge Trump tariffs and revive ...

Rachel Reeves is scrambling to strike a US trade deal to revive the economy on a trip to Washington today - as figures showed UK government borrowing spiking. The Chancellor has vowed to 'defend Britain's interests' as she prepares for talks …

UK borrowing surges, Rachel Reeves to "defend Britain" in US tariff talks while Elon Musk shifts Tesla focus

Watch today’s top business stories in less than two minutes. Chancellor Rachel Reeves is in Washington for IMF talks. She says she’ll “defend Britain’s interests” and push for a US trade deal. The visit comes as global uncertainty grows, with the IMF …

Table of IMF economic growth forecasts

The International Monetary Fund published its World Economic Outlook (WEO) report on the health of the global economy on Tuesday. The table below shows GDP growth and global inflation forecasts in percentages using a cut-off date of April 4, 2025, with the …

UK Front Pages 23/04: UK Energy Policy in Turmoil and Global Economic Woes

The UK’s ambitious green energy agenda is facing a major ethical challenge as allegations of slave labour in the production of solar panels have surfaced, according to a front-page report in The Times. Energy Secretary Ed Miliband, a leading advocate for …

Economy update: UK borrowing costs surge to 'third-highest level on record' in ANOTHER blow to Rachel Reeves

The UK's borrowing costs soared higher than expected in another blow to Chancellor Rachel Reeves, according to the latest figures from the Office for National Statistics (ONS). Britain's statistics authority found that public sector net borrowing …

Cyprus Business Now: IMF forecast, budget surplus, Paphos tourism, export efforts

The International Monetary Fund (IMF) on Tuesday revised down its forecast for Cyprus’ economic growth, projecting a rate of 2.5 per cent of GDP in 2025. This is significantly lower than its previous estimate of 3.1 per cent. For 2026, the IMF expects a …

Trump tariffs will slash UK’s economic growth, warns IMF

IMF slashes global growth forecast amid Trump tariffs, warns of rising financial stability risks

WASHINGTON, April 23 — The International Monetary Fund yesterday slashed its forecast for global growth this year and warned of an increase in global financial stability risks, citing the effect of US President Donald Trump’s new tariff policies on the …

IMF slashes UK's growth forecast, points to U.S. tariffs and borrowing costs

Shoppers pass along the high street in Maidstone, UK, on Wednesday, April 16, 2025. Bloomberg | Bloomberg | Getty Images The International Monetary Fund downgraded the U.K.'s 2025 growth forecast in its latest economic outlook released on Tuesday, …

IMF slashes 2025 U.S. growth forecast to 1.8% from 2.7%, citing trade tensions

Tariffs are posing major headwinds for the U.S. and global economies, leading the International Monetary Fund to slash its 2025 growth forecast. In its new projections, the IMF now calls for a U.S. growth outlook of 1.8% in 2025, down 0.9 percentage point …

Life for Relief and Development (LIFE) Responds to Earthquake Emergency in Myanmar, Supporting Survivors with Urgent Aid

LIFE Responds to Devastating Earthquake in Myanmar by Providing Essential Aid to Hundreds of Families That Have Lost Everything SOUTHFIELD, MI, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- On March 28th, two devastating earthquakes …

AGB Joins National Effort to Highlight 'Why College Matters'

AGB is partnering in a bold new national initiative that highlights the value of higher education’s role in American exceptionalism and innovation. WASHINGTON, DC, DC, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- The Association of …

DARCO Unveils a New Brand Identity in Celebration of 40 Years of Excellence in Foot and Ankle Care

DARCO, a global leader in foot and ankle care, unveils a new visual design that reflects their dedication to innovation, quality, and patient-centered care. HUNTINGTON, WV, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- DARCO International, …

Sarah Kyle Anorexia Nervosa Research Foundation Welcomes John Campbell to Board of Directors

Renowned life sciences attorney John Campbell, JD, joins SKANRF Board to help advance cutting-edge anorexia research and strategic growth. DAVIS, CA, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- The Sarah Kyle Anorexia Nervosa Research Foundation …

Kiksasa Launches Game-Changing 2.0 Update to Power the Startup Ecosystem

Kiksasa, a startup platform built for founders, incubators, accelerators, and entrepreneurial hubs, launches major update to its all-in-one collaboration tool. ATLANTA, GA, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- Kiksasa, a growing startup …

Malware Trends Q1 Report by ANY.RUN to Raise Company’s Threat Awareness

DUBAI, DUBAI, UNITED ARAB EMIRATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- An acknowledged leader in cybersecurity, ANY.RUN grants malware analysts, security specialists, and other interested parties with access to its Q1 report. It contains …

ITDP’s New Web-Based SCOPE Tool Allows Users to Estimate Climate and Air Quality Impacts of Bus Rapid Transit Systems

The BRT SCOPE tool is designed to help policymakers and practitioners by providing preliminary evaluations of the impacts of sustainable transport networks. WASHINGTON, DC, DC, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- ITDP’s Simple …

Data Extraction Leader Zyte Optimizes Operations Through Smart IPv4 Management

Explore how Zyte's transition to a self-service IP management platform has facilitated support for rapid growth and adapted to evolving business needs. LONDON, UNITED KINGDOM, April 23, 2025 /⁨EINPresswire.com⁩/ -- When delivering web data at …

African Beauty in the Global Spotlight: R&R Skincare Presents The Beauty Exchange in Atlanta

Uniting African Innovation and Global Influence Through Skincare, Style, and Storytelling ATLANTA, GA, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- In an era where authenticity, sustainability, and cultural richness define the future of …

Beauty Wholesaler B Futurist Responds to US Tariffs with Strategic Procurement Shift & Market Expansion

B Futurist has announced a strategic shift in its sourcing and market engagement approach, in response to the evolving trade environment & imposed US tariffs. ROTTERDAM, NETHERLANDS, April 23, 2025 /⁨EINPresswire.com⁩/ -- B Futurist has …

Turn AI Chaos into Automated Compliance @RSAC 2025

Stay compliant with the EU AI Act and other AI Acts with ISO/IEC standards and NIST’s AI RMF using the Automation power of Controllo. See live at RSAC 2025 DENVER, CO, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- As artificial …

UN ECOSOC Youth Forum Side Event Highlights Youth-Driven 'AI + ESG' Action

NEW YORK, NY, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- A side event titled “AI and Digital Innovation: Driving Youth-Led ESG Actions” was successfully held as an officially recognized side event of the 2025 ECOSOC Youth Forum. Hosted …

Houston Local Jose Pereira Wins International Impact Book Award for ‘From Hero to Villain: My True Story of the CITGO6’

Nim Stant hosts Hollywood-style IIBA gala celebrating powerful storytelling and books that make a global impact HOUSTON, TX, UNITED STATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- Jose Pereira of JoseConnect.com, and author of the gripping memoir “ …

AlBaraka Forum and Spectreco to Launch Groundbreaking Shariah-Compliant ESG Index in June

AlBaraka Forum and Spectreco to Launch Groundbreaking Shariah-Compliant ESG Index in June MADINA, SAUDI ARABIA, April 23, 2025 /⁨EINPresswire.com⁩/ -- In a major step toward harmonizing Islamic finance with global sustainability goals, the …

مجموعة "غلفتينر" تعلن عن نتائج قياسية في عام 2024

SHARJAH, UNITED ARAB EMIRATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- الشارقة، دولة الإمارات العربية المتحدة، 23 أبريل 2025: أعلنت مجموعة "غلفتينر"، المزوّد الرائد لحلول سلسلة التوريد العالمية والخدمات اللوجستية، والتي تتمتع بحضور عالمي …

Gulftainer Group Announces Outstanding Results in 2024

SHARJAH, UNITED ARAB EMIRATES, April 23, 2025 /⁨EINPresswire.com⁩/ -- Gulftainer, a leading international supply chain and logistics solutions provider, with a global footprint of ports, terminals, warehouses and transport facilities, has announced …

Li Su Bridges Creative Innovation and Commercial Strategy to Shape the Future of Contemporary Filmmaking

Li Su blends creative vision with business strategy, guiding films from concept to release while aligning artistic goals with market success LOS ANGELES, CA, UNITED STATES, April 22, 2025 /⁨EINPresswire.com⁩/ -- In today’s rapidly evolving film …

Shinshot Media Inc. Unveils Sapphire Lies, a Cross-Cultural Tale of Redemption, Family, and Emotional Awakening

Shinshot Media announces Sapphire Lies, a cross-cultural romantic drama exploring love, family, and redemption across the landscapes of Las Vegas and Wyoming NEW YORK, NY, UNITED STATES, April 22, 2025 /⁨EINPresswire.com⁩/ -- Shinshot Media Inc., …

81st ESCAP Commission Session

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Cities worldwide invited to join UN-Habitat’s Quality of Life Initiative

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