Number 10 slaps down David Lammy ‘protectionism’ comments as tariff shockwaves continue April 4, 2025 Downing Street has distanced itself from comments made by the foreign secretary, who told reporters on Friday that he regrets “the return of protectionism in the United States.” David Lammy said that Britain is “a nation that believes in open trade” and that these curbs on trade are “something we’ve not seen for nearly a [...]
Oil prices plummet as Saudis lead supply drive April 4, 2025 Oil prices are falling to their lowest close since 2021 as eight countries including Saudi Arabia and Russia surprised market leaders by announcing an increase to production. The shock decision by the OPEC+ alliance, delivered via a video conference on Thursday, came less than 24 hours after President Trump’s Liberation Day tariff announcements intensified global [...]
Trump’s Liberation Day has delivered what he loves most: Phone calls April 4, 2025 Like all businessmen, Trump loves being on the phone. Liberation Day was a grab for attention, and boy did it deliver, writes Helen Thomas.
Nvidia plummets as Trump tariffs bite April 4, 2025 Nvidia’s shares fell nearly eight per cent on Thursday, wiping $273bn off its market value, as steep new tariffs and fears of fresh export restrictions rattled markets. The leading chip maker closed down 7.8 per cent in the wake of US president Donald Trump announcing sweeping import duties. Nvidia’s stock has now plunged 32 per [...]
Nissan: Qashqai maker in the red despite sales accelerating by over £2bn April 4, 2025 The UK arm of Japanese carmaking giant Nissan fell into the red despite its sales surging by more than £2bn, it has been revealed. Based out of its Sunderland factory, Nissan’s UK arm has reported a pre-tax loss of £67.2m for the 12 months to 31 March, 2024, new accounts filed with Companies House show. [...]
Trump’s tariffs set to drive UK insurance coverage costs up April 4, 2025 After the US slapped several of the world's largest economies with tariffs, the insurance market in the UK prepares for increased costs.
Reeves’ £25bn tax grab to become ‘toxic reality’ for British business, firms suggest April 4, 2025 Chancellor Rachel Reeves’ £25bn tax grab from employers will become a “toxic reality” for British businesses from Sunday as higher costs risk stunting firms’ income, one of the UK’s largest industry bodies has warned. Reeves’ has pinned her hopes for improving the state of public finances on growing the UK economy but more firms have [...]
How will Trump’s tariffs impact the UK economy? April 3, 2025 The US president holds up a sandwich board in the Rose Garden. On it is a list of countries. Next to each country are two columns: one for “tariffs charged to the USA” and one for “USA Discounted Reciprocal Tariffs”. The leader of the free world is cooking up a storm. “Our country has been [...]
Confidence in UK stocks hits new high among retail investors April 3, 2025 Confidence in the UK market has hit new highs among British retail investors as savers move away from US stocks. A third of all retail investors are backing the UK as the top performing stock market over the next five years, a survey of 1,000 investors from Etoro found, well above the previous record of [...]
UK to consult on ‘retaliatory tariffs’ as Tories call for employment reforms to be scrapped April 3, 2025 The UK will consult businesses on “possible retaliatory action’ including on US products that could face tariffs, in response to Donald Trump’s sweeping global import taxes. Jonathan Reynolds made the announcement to MPs in the House of Commons, stating: “To enable the UK to have every option open to us in the future, I am [...]