Based on today’s GDP figures, the UK was the joint fastest growing economy in the G7 in the first quarter of 2024.
…
Though we’ve yet to get Japan’s numbers. And the UK doesn’t look so comparatively great on most of the other columns

I was saying on air, the real question is not just how fast GDP is growing but how fast GDP per head is growing.
That’s the best real-time measure of how our living standards are changing.
And GDP per head was up 0.4% in Q1 after SEVEN quarters without growth...

The moment when we first saw the numbers, live on Sky News

Not just out of recession.
Not just faster than expectations.
This is a genuinely good growth rate, the first 'trend growth rate' we've seen in years. Rishi Sunak and Jeremy Hunt will be delighted

5-star, a must read that changed my view of the world.

NEW
- @BankofEngland leaves interest rates unchanged in May but a second MPC member - Dave Ramsden - votes for a cut.
- Bank cuts inflation forecast and raises growth projection.
- Bank signals the coming weeks’ data will determine how soon they cut rates
More on @skynews soon…

Recently finished Ed Conway's Material World. Considering it's about 6 of the most common commodities in the world, it's super interesting. Salt in particular.
Can recommend.

The latest in our ongoing series on the effectiveness of Russian sanctions focuses on oil👇
The UK & EU are no longer directly importing Russian oil. But what about Russian oil someone else has converted into diesel or jet fuel? That's fine, apparently

NEW

Renewable power reaches record 30% of global electricity in 2023

🌞Driven by phenomenal growth in wind and esp solar

📉'Critical turning point' as burning fossil fuels for electricity will likely start to fall this year

Analysis Ember

news.sky.com/story/renewabl…

When Western sanctions against Russia don’t work.

Thanks Ed Conway for the explainer.

Russia is still making the highest amount of money from oil exports since May 2022, but how is this happening with the many oil sanctions from western countries?

Sky News's Ed Conway explains

trib.al/RnqnC4A

Germany's exports to Kyrgyzstan in the first 3 months of 2024 are up 1300% from the same 3 months in 2019, i.e. from the equilibrium before Russia's invasion of Ukraine. There's obviously no way these goods are for the Kyrgyz market. They're going to Russia. Germany does nothing.

Interesting start for @ivorbennett for ⁦Sky News⁩ in Moscow - he gets his own brief interview with Putin’s spokesman 👇👇

news.sky.com/video/share-13…

Two striking things about this chart:
1. Environmental taxes have actually been going DOWN, not up, as a share of total revenues in Europe in recent decades.
2. The UK has consistently had lower environmental taxes than the EU avg
ons.gov.uk/economy/enviro…

✍️The Most Important Chart in the World open.substack.com/pub/edconway/p…

From an exploration of megaprojects to a compelling book on one of the most important and neglected questions in finance, we’ve picked out nine titles to add to your reading list econ.st/4bgAn5W 👇

No matter how much China subsidizes manufacturing, this is going to destroy the wealth -- and more importantly, the expected wealth increases -- of a vast number of Chinese people.

BREAKING: China has hacked the Ministry of Defence, Sky News understands
news.sky.com/story/china-ha…

These Native Americans are staging a protest.

Because the place they call home is now the heart of America’s electric car revolution.

Sky’s James Matthews meets the people fighting for their land 👇

Wonderful to see, via Giovanni DeCarli on LinkedIn, Material World featuring on the cover of the Sunday section of IlSole24ORE this weekend 🙌