内容摘要：The Organization for Economic Co-operation and Development (OECD) cut its expectations for UK growth this year to 1.3% from the 1.4% it had predicted in March.

The Organization for Economic Co-operation and Development (OECD) cut its expectations for UK growth this year to 1.3% from the 1.4% it had predicted in March.

The group also slashed the outlook for the US economy this year from 2.2% to 1.6% and predicted growth would slow again in 2026.It warned that the US was at risk from rising inflation, something that Trump repeatedly promised would fall during his presidential campaign.

Prior to the release of the OECD report on Tuesday, Trump wrote on social media: "Because of Tariffs, our Economy is BOOMING!"However, the most recent official data showed the US economy shrank at an annual rate of 0.2% in the first three months of this year, the first contraction since 2022.China says the US has "severely violated" their trade truce and that it will take strong measures to defend its interests.

China's Ministry of Commerce said Washington has "seriously undermined" the agreement reached during talks in Geneva last month, when both countries lowered tariffs on goods imported from each other.The spokesperson added that US actions have also severely violated the consensus reached during a phone call in January between China's leader Xi Jinping and President Donald Trump.

The comments come after

The US President did not give details but Trade Representative Jamieson Greer later said China had not been removing non-tariff barriers as agreed under the deal.Aviation is a business with a very long gestation time for a product. It can take 20 years to develop an aircraft. This unforgiving journey is known as crossing the Valley of Death.

Mr Varvill knew the business had to raise more funds towards the end of 2024 but big investors were reluctant to jump on board."The game was being played right to the very end, but to cross the Valley of Death in aerospace is very hard."

What was the atmosphere like in those last days as the administrators moved in?"It was pretty grim, we were all called into the lecture theatre and the managing director gave a speech about how the board 'had tried everything'. Then came the unpleasant experience of handing over passes and getting personal items. It was definitely a bad day at the office."