From fading GDP growth to falling behind the G7. Here’s what stood out from the last 7 days.
TOP HEADLINE
The OECD just delivered a sobering message: the UK’s economic growth forecast has been slashed to just 0.7% for 2026. That puts us second-lowest in the G7—ahead only of Italy and substantially below the G20 average of 3%.
At the same time, inflation’s been revised upwards to 4%, making it a double whammy of weak growth and sticky price pressures. So what’s going wrong with UK economic growth, and what does it mean for your wallet? We’ll break down the key drivers—from energy shocks to a cooling job market—and what the government plans to do about it.
MORE NEWS
QUESTION OF THE WEEK
FEATURED BUSINESS NEWS
Elon Musk is about to shake up the IPO playbook. Instead of the typical 5-10% retail allocation, SpaceX is eyeing up to 30% for everyday investors when it lists. With a potential valuation hitting £1.32 trillion, this isn’t just a routine space company launch—it’s a statement about who Musk thinks should own the future. CFO Bret Johnsen is currently negotiating with underwriting banks, but, the kicker: SpaceX is taking the driver’s seat rather than letting traditional bankers run the show. So what’s really happening behind the scenes, and why should you care?
MORE BUSINESS UPDATES
MARKETS NEWS
The AI boom is everywhere—and so are the warnings. Comparing today’s artificial intelligence investment surge to the dotcom crash of 2000 has become trendy in financial circles. But here’s the thing: the AI bubble fears might be missing the forest for the trees. The infrastructure driving today’s AI economy is fundamentally different from the reckless telecom overbuilding of the late ’90s. ChatGPT hit 1 billion monthly active users in four years. The early internet took roughly the same timeframe to reach just 70 million users around 2000. That’s not a sign of instability—it’s evidence of real, scaled adoption.
FEATURED CRYPTO NEWS
The UK’s got a problem. While the US just handed crypto a rulebook—with the SEC and CFTC drawing “clear, usable lines” between securities and commodities—Britain’s still fussing over guard rails. The real issue? Our UK crypto regulation is shaping up to be the cautious kid in the global sandbox, and cautious doesn’t win market share. The Bank of England’s new proposals cap individual holdings of systemic stablecoins at around £20,000, with businesses limited to £10m. Sounds prudent. But when you’re watching competitors sprint ahead with clarity, prudent starts to look like sidelined. Here’s why the UK risks regulating itself into irrelevance.
PERSONAL FINANCE
April 2026 marks the arrival of a tax bombshell dressed in a suit. The UK government isn’t raising headline tax rates—that would be too obvious. Instead, it’s employing stealth taxes: frozen allowances, slashed reliefs, and threshold freezes that silently pull more people into higher tax brackets. The Institute for Fiscal Studies calls it “fiscal drag,” but let’s be honest—it’s a tax rise by another name. Over 2 million people will now earn above £100,000, facing an eye-watering 60% effective marginal tax rate. Inheritance thresholds remain frozen, investment reliefs are being shredded, and dividend taxes are creeping up. If you’ve worked hard to build wealth, April’s changes are about to test your patience.
THAT’S ALL FOLKS
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