"The big thing is growth," responded the POTUS. "Growth is the way we go from high debt to low debt. We're going to be growing our way out, and I think we're going to be paying down debt." Trump's frequently stated that his manifesto that champions sweeping deregulation and domestic manufacturing, alongside the rapid rise of AI-Trump trumpets that he personally orchestrated the technology's single biggest initiative, the $500 billion, multi-partner Stargate data center project-will unleash a productivity revolution igniting a historic surge in productivity.
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 latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
Since taking office, Trump has imposed a range of tariffs on countries, including key trading partners, leading to predictions of inflation skyrocketing, manufacturing screeching to a halt and unemployment soaring. None of those scenarios came true. Inflation, while above the Federal Reserve's target, was a modest 2.7 percent in December. The unemployment rate was relatively low, at 4.4 percent, last month.
Three economists jointly won a Nobel Prize in late 2025 for their groundbreaking quantitative work analyzing how, and why, economies grow. Their math is complicated - but their conclusion is simple: to foster economic expansion, policymakers need to promote technological innovation and stoke competition between rival firms. The surest way to foster that innovation and competition is to strengthen intellectual property rights.
Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
This was the first administration to have five women deputy mayors, the first woman police commissioner and the second woman police commissioner. We had the first Dominican deputy mayor, the first Filipino deputy mayor, the first East Indian deputy mayor, and the first Persian deputy mayor an administration that looks like the city it serves and that has delivered for our city every single day.
It reflects what businesses tell us they are less confident about hiring staff due to sky-high employment costs and a tidal wave of new employment legislation coming down the track. While there has been some easing of cost pressures - with average earnings including bonuses slowing to 4.7 per cent in the three months to October - labour costs remain a challenge.
The once-rigid link between economic growth and carbon emissions is breaking across the vast majority of the world, according to a study released ahead of Friday's 10th anniversary of the Paris climate agreement. The analysis, which underscores the effectiveness of strong government climate policies, shows this decoupling trend has accelerated since 2015 and is becoming particularly pronounced among major emitters in the global south. Countries representing 92% of the global economy have now decoupled consumption-based carbon emissions and GDP expansion, according to the report by the Energy and Climate Intelligence Unit (ECIU).
Nick Thomas Symonds, the minister in charge of EU negotiations, was promoted to full cabinet rank. The Welshman, a close ally of Starmer, will be an advocate of a closer relationship with the EU when ministers meet. But, a source close to the prime minister said, he isn't going to bang the cabinet table and say it's customs union or bust. If that happens, it has to come from Keir himself.
A large part of the Cabinet sat down at the table with the presidents of banking groups, energy companies, steel companies, and major service firms. Sheinbaum posted a photo of the meeting on social media, which also included the president of the Business Coordinating Council (CCE), Francisco Cervantes, as well as the president of Grupo Televisa, Bernardo Gomez; the president of Grupo Bal, Alejandro Bailleres Gual; the president of Grupo FEMSA, Jose Antonio Fernandez Garza; and the son and right-hand man of the president of Banamex, Felipe Chico Hernandez.
Eurozone inflation edged up to 2.2% in November, a slight rise from the 2.1% recorded in October. The headline number continues to hover close to the European Central Bank's 2% target, but the underlying picture remains uneven. For the wider eurozone economy, today's data suggests that the disinflation trend is intact but still fragile. Growth across the bloc remains modest, with forecasts for next year centred near 1.2%.
After 14 years out of office, last year's Autumn Budget was largely met with an understanding that tax rises were necessary. Labour had been dealt a poor hand by its predecessors, with borrowing elevated and debt rising. The Chancellor, Rachel Reeves, announced tax rises to steady the ship and expressed hope that such an action would be a one-off. Yet, one year later, the Chancellor has reneged, announcing a further package of £26 billion worth of tax hikes.
Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
She will argue that eight in ten firms believe the legislation, in its current form, will make hiring harder, acting as a brake on economic growth. "Lasting reform takes partnership, not a closed door," she will say. "When eight in ten firms say this bill will make it harder to hire, they are brakes on growth. The government must change course and ask business and unions to forge consensus through compromise."
Former Bank of England chief economist Andy Haldane told the BBC's Sunday with Laura Kuenssberg programme this was "the single biggest reason why [economic] growth has flatlined". In response, Alexander said there was always speculation in the run-up to Budgets but the chancellor had been clear about her priorities. Chancellor Rachel Reeves is widely expected to increase taxes in her Budget on Wednesday to help fill a multibillion-pound gap in her spending plans.
The truth is that without securing higher, sustained economic growth, reconnecting people and politics, generating trust in the potential of democracy and importance of good government becomes almost impossible. And the appeal of the parties of the far right with their dogma of disruption, division and despair it becomes, too, alluring. Kyle added: We see it today with Reform, just as we did in previous times with the National Front and the British National party.
The S&P 500 rose 0.2% early Wednesday and neared the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 127 points after setting its own record the day before, while the Nasdaq composite climbed 0.3%. Technology stocks swung back upward. Advanced Micro Devices rallied after its CEO said the chip company is expecting better than 35% annual compounded growth in revenue over the next three to five years. Nvidia, the dominant player in chips used for artificial-intelligence technology, also rose.
What's lifting growth now isn't consumer demand: it's infrastructure. From data centers and chip foundries to electric utilities and fiber cabling, billions are being poured into the AI ecosystem. Companies like Nvidia (NASDAQ: NVDA) are selling record volumes of GPUs, while utilities expand capacity to power the next wave of computing. That spending circulates across the economy: construction, logistics, real estate, and materials, creating a multiplier effect reminiscent of the early internet years.
One in eight UK small and medium-sized enterprise (SME) leaders are planning to relocate themselves, their companies, or both overseas, citing rising taxes and mounting regulatory costs, according to a new report by Rathbones. The research, released just weeks before Chancellor Rachel Reeves delivers her Autumn Budget, paints a bleak picture of business confidence across the UK's private sector. If realised, the potential exodus could involve around 680,000 firms out of the UK's 5.67 million SMEs
