Just how much trouble is Elon Musk causing Tesla? June 17, 2025 Tesla’s enigmatic chief executive, Elon Musk, gets a lot of flak, but if there’s one area you would think he’d be untouchable, it’s innovation. Beyond falling out with the US President and colonising Mars, Elon Musk’s next favourite pastime looks set to be robotaxis, with Tesla preparing to launch its first fleet in Austin, Texas, [...]
Trump’s ‘Big Beautiful Bill’ is bad news for Britain June 17, 2025 A hidden clause in Trump’s latest bill could slap UK investors with steep new taxes, threatening transatlantic capital flows and global economic cooperation, says Matthew Bowles United States President Donald Trump’s latest legislative behemoth has sent shockwaves through Washington. Dubbed “a disgusting abomination” by Elon Musk and greeted with scepticism by Republican Kentucky Senator, Rand [...]
Happy birthday Adam Smith, your ideas are still fresh at 302 June 16, 2025 On the 302nd anniversary of Adam Smith’s baptism, his enduring insights into free trade and the folly of protectionism remain a powerful rebuttal to today’s rising economic nationalism, says Eliot Wilson Three hundred and two years ago today, in 1723, in the Old Kirk in Kirkcaldy, a baby was baptised. His precise date of birth [...]
UK manufacturers look East as production hopes rise June 16, 2025 UK manufacturers are ditching President Trump’s United States and looking to find trading partners in Asia and the Middle East, according to a leading industry body. The US has fallen out of the top three preferred regions as a growth market for UK manufacturers, the first time since surveys started eleven years ago, Make UK [...]
What does 10 years of Trump mean for the West? June 16, 2025 It’s a decade since Donald Trump announced his intention to run for President but it’s still no clearer what he stands for or why he does anything he does, says Eliot Wilson Ten years ago today, property entrepreneur and reality television star Donald Trump descended a golden escalator in his palace of vulgarity, Trump Tower, [...]
Israel-Iran conflict to dominate G7 meeting as Starmer calls for restraint June 16, 2025 The escalating conflict between Israel and Iran is likely to be high on the agenda as world leaders gather in Canada on Monday. Sir Keir Starmer said that the G7 meeting in Alberta would provide an opportunity for allies to make the case for de-escalation in the “fast moving” situation in the Middle East, with President Trump [...]
‘You’ll have to wait and see’: Reeves’ deputy can’t rule out autumn tax rises June 15, 2025 Treasury chief secretary Darren Jones refused to rule out further tax hikes in the autumn budget on Sunday. Asked on GB News whether he would rule out tax rises later this year, Jones said “that will be subject to the OBR forecasts… it’s right that we take these types of decision in an orderly way.” [...]
UK trade with US falls apart after Trump tariff blitz June 12, 2025 Exports to the US – the country the UK trades with the most with – saw its largest monthly decrease in April since records began, official data has shown. The onset of President Trump’s trade war with some of his closest allies and foes put governments on standby as major forecasters warned the world economy [...]
UK economy shrinks more than expected in blow to Reeves June 12, 2025 The UK economy shrank more than expected in April, official data has shown, suggesting momentum built up in the beginning of this year has already worn away. New figures published by the Office for National Statistics (ONS) showing a 0.3 per cent contraction come off the back of a strong 0.7 per cent growth in [...]
Elon Musk says his Trump attacks “went too far” June 11, 2025 Elon Musk said on Wednesday he regrets a series of social media posts attacking US President Donald Trump, suggesting a potential truce in what had become one of the most volatile public splats between two of the Republican party’s most powerful influencers. “I regret some of my posts about President Donald Trump last week. They [...]