Will US Fed chair Jay Powell be fired by Trump? April 17, 2025 The fate of US Federal Reserve chair Jay Powell looks increasingly uncertain as the Trump administration ramps up pressure on the central back to cut rates faster. Powell has been resolute that he will not be influenced by Trump’s attempts to sway the Fed, instead sticking to its mission of bringing down any inflation that [...]
ECB cuts interest rates as Trump’s tariffs bring ‘exceptional uncertainty’ April 17, 2025 The European Central Bank (ECB) cut interest rates by a quarter point in what was the first decision from a major central bank since President Donald Trump announced sweeping tariffs in a historic speech earlier this month. The all-out global trade war, which has seen the likes of China retaliate with heavy tariffs on the [...]
Starmer must act now to protect NHS from Trump pharma tariffs April 17, 2025 Starmer must make a deal to avoid Trump's pharma tariffs or risk a major hit to the NHS, write Ben Ramanauskas and Sean Phillips.
UK-US trade deal could be agreed within weeks, as MPs call for vote April 17, 2025 A trade deal between the UK and the US could reportedly be agreed within weeks, as senior MPs have called for Parliament to have a vote on any such agreement. According to a report in the Telegraph, White House officials believe a deal with the UK could be finalised with President Donald Trump’s administration in [...]
A game of chlorinated chicken: What is the price of a US-UK trade deal? April 17, 2025 An economic deal between the UK and the US could be just weeks away. The Trump administration has made sweeping promises of a “90 deals in 90 days” package of bespoke arrangements. While deals with India, Japan and South Korea are expected to be done first, the UK is understood to be not far behind [...]
Trump’s tariffs to tip world over into ‘recessionary phase’ April 16, 2025 A locking of horns between the US and China over tariffs could tip the world economy into recession as soon as this year, a closely-watched forecast has suggested, as businesses wrestle with the fallout of declining global trade volumes. Global growth is set to slow to 2.3 per cent this year, according to projections by [...]
Government scrambles to swerve Trump pharma tariffs April 16, 2025 A race against time is underway to shield the UK pharmaceutical sector from potentially swinging Trump tariffs on imported drugs. As it stands, there is an exemption for pharmaceuticals on the baseline 10 per cent tariffs for goods coming into the US. However, President Trump has warned that there will be tariffs on imported pharma [...]
EU reset: Government face backlash on meat and dairy regulatory alignment April 15, 2025 The government is facing a backlash over reported plans to align with EU regulations on meat and dairy products. UK officials have suggested to European Union (EU) counterparts that Britain could be willing to accept alignment with EU rules on fresh meat and dairy, and to accept oversight of the European Court of Justice (ECJ), [...]
Bank of America, JP Morgan, Goldman Sachs: Wall Street cashes in on market volatility April 15, 2025 Wall Street’s banking giants pocketed record revenues in the first quarter of 2025 as market volatility ramped up. Top lenders were able to smash profit expectations after reaping the rewards of a trading boom caused by President Donald Trump’s erratic tariff agenda. Trump’s bait-and-switch on tariffs triggered countless sell-offs as traders across the globe ditched [...]
‘State of despondency’ as tax raid sets up ‘harrowing year’ for firms April 15, 2025 Business leaders’ worries over Chancellor Rachel Reeves’ tax hikes have plunged corporate confidence into “ominous territory”, a leading business association has warned. The Chancellor launched a multi-billion pound tax raid on British businesses in the Budget last October, and a new report has suggested that the impact of the hikes is continuing to weigh on [...]