GDP photograph

GDP

Use attributes for filter !
Gender Male
Born West Orange
New Jersey
United States
Full name Matthew Miller
Record labels Run for Cover Records
GenresHip Hop Music
Albums Useless Eaters
Realistic Expectations
Magic Bullet
Magic Bullet 2
Involvement
Doin It All
Holla
Date of Reg.
Date of Upd.
ID2281849
Send edit request

GDP Life story


Matthew Miller, better known by his stage name GDP, is an American hip hop recording artist from West Orange, New Jersey.

Government spending plans 'a very big risk', says watchdog

Government spending plans 'a very big risk', says watchdog
Nov 28,2023 9:21 am

... In March, the OBR said it expected Gdp - a measure of the size and health of a country s economy - to grow by 1...

Russia rouble: No panic but currency fall will hurt

Russia rouble: No panic but currency fall will hurt
Aug 14,2023 12:41 pm

... Russian Gdp - up! Oil and gas revenues - growing! And in today s copy of Komsomolskaya Pravda, the biggest-selling daily newspaper in Russia, an article on page 3 declared: " The Russian economy takes a sharp upward turn...

Energy bill help drives up March borrowing

Energy bill help drives up March borrowing
Apr 25,2023 2:50 am

... Mr Hunt has said he plans to get debt falling as a share of output - or Gdp - in five years time...

UK economy grew at the end of last year

UK economy grew at the end of last year
Mar 31,2023 3:01 am

... It now says Gdp - the value of the goods and services the country produces - fell by 0...

UK economy to do better than expected, says Hunt

UK economy to do better than expected, says Hunt
Mar 15,2023 9:30 am

... In a growing economy, the value of the goods and services that the country produces - measured by gross domestic product (Gdp) - increases each quarter...

UK economy beats expectations with November growth

UK economy beats expectations with November growth
Jan 13,2023 2:21 am

... The UK s gross domestic product (Gdp) - a key economic measure of services, construction and manufacturing output - rose by 0...

UK economy shrank more than previously thought

UK economy shrank more than previously thought
Dec 22,2022 3:01 am

... " The ONS said that gross domestic product (Gdp) - the measure of the size of the economy - was now estimated to be 0...

US midterm elections: What's happened to economy under Biden?

US midterm elections: What's happened to economy under Biden?
Oct 31,2022 12:51 pm

... From July to September, US gross domestic product (Gdp) - a standard measure of a country s economic activity - grew at Over this same period, the German economy grew by 0...

Government spending plans 'a very big risk', says watchdog

Oct 5,2022 7:50 am

By Vishala Sri-PathmaBusiness reporter

Spending plans outlined in the chancellor's Autumn Statement represent " a very big fiscal risk" according to the UK's official economic forecaster.

Richard Hughes , chair of The Office for Budget Responsibility, told MPs on the Treasury Select Committee that spending plans carried A Level of " uncertainty".

He explained that much of the spending promised is funded by projected savings rather than income already received.

Last week, the OBR slashed its forecast for UK Economic Growth .

In March, the OBR said it expected Gdp - a measure of the size and health of a country's Economy - to grow by 1. 8% in 2024 and 2. 5% in 2025.

Those predictions have now been cut, with a new forecast suggesting the UK Economy will grow by 0. 7% in 2024 and 1. 4% in 2025.

Presenting his Autumn Statement last week, Chancellor Jeremy Hunt announced tax cuts, tighter welfare rules, and further measures aimed at Getting More people into work.

" It is very difficult to assess the credibility of the government's spending plans, because after March of 2025 the government doesn't have any spending plans, " Mr Hughes said, as he and other members of the OBR faced questions on the Autumn Statement.

The chancellor's speech, delivered to The Commons , is the government's main opportunity outside of the Budget to make tax and spending announcements.

Bigger-than-expected cuts to National Insurance (NI) and frozen tax brackets were raised in Tuesday's hearing in parliament.

The main rate will go down from 12% to 10% from January - although previous tax changes mean many workers will not be much better off.

However, members of the OBR told The Committee that the impact on Economic Growth from this measure was " unambiguously" positive.

While Mr Hunt announced The Cut to NI rates, he opted to leave NI and Income Tax thresholds untouched, meaning they remain frozen until 2028.

It means that as workers secure pay rises, they may end up paying more tax if they are dragged into a higher tax band than before.

Some 2. 2 million more workers now pay the basic rate Income Tax of 20% compared with three years ago, according to official figures, while 1. 6 million more people have found themselves in the 40% tax bracket in the same period.

Prof David Miles , a member of the Budget Responsibility committee, told MPs it wasn't clear how this measure would impact growth.

" It would mean that living standards would be lower and so may mean that workers would have to do additional hours, " said Prof Miles.

Related Topics

Source of news: bbc.com

Related Persons

Next Profile ❯