FTSE 100 stages tentative recovery after sweeping losses April 8, 2025 The UK’s blue-chip FTSE 100 opened 1.5 per cent higher this morning, recovering some of the losses recorded over the past three trading days amid the fallout of US president Donald Trump’s sweeping tariffs. Yesterday, the FTSE 100 slumped more than four per cent as global stock markets digested the effects of a potential global [...]
Lush to pass tariffs onto US shoppers as it sinks further into the red April 8, 2025 Lush has revealed plans to open a UK hotel as it detailed its response to President Donald Trump’s tariffs amid the ethical cosmetics retailer sinking further into the red. The Dorset-headquartered company has included scant detail in its annual accounts about its plans for a new hotel but did say it is working with a [...]
Brits are bracing for the worst as Trump’s tariffs bite April 8, 2025 Trump’s tariffs are having a seismic impact on British politics, the economy and even the national mood, the latest City AM/Freshwater Strategy poll shows, writes Matthew Lesh Last month’s City Am / Freshwater Strategy poll revealed some green shoots for the economy. While far from a glowing overall picture, the trend was towards a more optimistic outlook [...]
Britain must not forget the lessons of Adam Smith April 8, 2025 Adam Smith taught us that trade is not a zero-sum game 250 years ago. Trump may not have read his Wealth of Nations, but the rest of the world now must, says James Price Much ink has been spilled over Trump’s tariffs in the past few weeks. At a glance, the bear case is that [...]
Britain should ignore Trump’s tariffs and unleash unilateral free trade April 8, 2025 A UK conversation focused on a trade deal with the US is depressingly small-minded. The best way to beat tariffs is to lower our own barriers and trade with the world, says Tim Focas The global trade war is now an all-out economic slugfest, with Britain caught in the middle. President Trump has slapped a [...]
Trump tariffs hit big tech as stocks tumble for third session April 7, 2025 The US tech sector has been hit by newly imposed global tariffs from Donald Trump’s administration, as the president holds firm on his aggressive trade policies. The latest rounds of tariffs, which began with an initial unilateral 10 per cent tariff on a wide array of goods, sparked severe market reactions, especially among the so-called [...]
Trump threatens 100 per cent tariffs on China April 7, 2025 President Donald Trump has threatened to slap additional 50 per cent tariffs on China if it doesn’t withdraw its retaliatory measures, pushing the possible level of tariffs it faces on exports to the US to over 100 per cent. In a post on Truth Social, the US president said retaliatory Chinese tariffs on US imports [...]
Four interest rate cuts this year pencilled in by markets April 7, 2025 Markets are betting that the Bank of England will make up to four interest rate cuts this year, double what had been predicted in late March. President Trump’s tariffs are set to drag UK growth back by up to one percentage point, according to various forecasters, while their impacts on inflation remain ambiguous, leading investors [...]
Bitcoin plummets as chaos of Trump’s tariffs spread to crypto April 7, 2025 The chaos of Trump's tariffs has spread across Bitcoin and the cryptocurrency market, with digital assets taking a hit.
Tariffs: Starmer commits to fiscal rules and not raising income tax and VAT April 7, 2025 Sir Keir Starmer has stressed his commitment to the government’s fiscal rules and reiterated he would not increase national insurance, VAT or income tax, despite Donald Trump’s tariffs upending government economic policy. The Prime Minister called for “cool heads” as global markets plunged in response to the US President’s sweeping global import taxes, and said [...]