Economics 101: consumers always pay for tariffs April 2, 2025 If there’s one thing every economist agrees on, it’s that the only people who benefir from tariffs are cynical politicians, says Daniel Freeman Economists almost never agree on anything. Even if you ask a single economist their view on a subject they will generally give you at least three contradictory positions. This makes the overwhelming [...]
IFS director: Tariffs risk undermining ‘best case’ OBR forecasts April 1, 2025 Institute for Fiscal Studies (IFS) director Paul Johnson has raised questions about whether the Office for Budget Responsibility (OBR)’s forecasts would remain credible should President Trump slap tariffs on UK goods on Wednesday. The OBR’s report included modelling by the International Monetary Fund (IMF) published in January. The IMF’s analysis did not consider the potential [...]
Explainer: What could a UK-US trade deal look like? April 1, 2025 US President Donald Trump is expected to impose new tariffs on imports from countries around the world this week, with the UK set to be affected by the global tax changes. No10 has confirmed the government is “actively preparing for all eventualities” ahead of Trump’s announcement on April 2, and that we “expect the UK [...]
US tariffs set to damage UK economy, Reeves tells cabinet ministers April 1, 2025 Donald Trump’s tariffs are expected to “have an impact” on the UK’s economy, Chancellor Rachel Reeves has told cabinet ministers, after business secretary Jonathan Reynolds warned the country faces “a very serious and significant moment”. The US President is set to unveil sweeping – but as yet unknown – tariffs on goods from around the [...]
Rory Sutherland: Capitalism is ‘unbelievably tedious’ and ‘needs a rebrand’ April 1, 2025 Capitalism is "unbelievably tedious" and should be rebranded for people to fight for it, marketing veteran Rory Sutherland has said.
US tariffs: Businesses don’t want ‘knee jerk’ response, Starmer insists April 1, 2025 Sir Keir Starmer has insisted UK businesses want a “calm and collected response” to Donald Trump’s tariffs, “not a knee-jerk” reaction. The Prime Minister sought to offer calm, as he suggested the UK could retaliate with tariffs on US goods in return, but insisted that “nobody wants a trade war”. Speaking to Sky News, Starmer [...]
US tariffs: UK expects to be hit by Trump taxes this week, No10 admits March 31, 2025 The UK expects to be hit by Donald Trump’s tariffs this week, No10 has said, amid frantic discussions to secure an exemption for UK businesses. The government has been trying to negotiate to spare British exports from the taxes on imports into the US which are set to come into force later this week on [...]
Aston Martin: F1 team stake up for sale as Stroll set to boost holding March 31, 2025 Aston Martin is at risk of a takeover from Canadian billionaire Lawrence Stroll as he looks increase his stake in the car manufacturer by £52.5m. Stroll’s Yew Tree Consortium is attempting to acquire 75m shares in Aston Martin at a seven per cent premium, bringing his ownership of the car manufacturer to 33 per cent. [...]
Starmer and Trump to continue trade talks ‘at pace’ March 31, 2025 Sir Keir Starmer and Donald Trump discussed “productive negotiations” to advance a UK-US trade deal and agreed they will “continue at pace” in a phone call on Sunday night, Downing Street has said. The UK is trying to negotiate an exemption from tariffs on imports into the US. Negotiations are said to be intense, with moves [...]
Signal group chat leak made one thing crystal clear: JD Vance really hates Europe March 31, 2025 The leaking of a US government group chat showcased one thing in full force: JD Vance's loathing of Europe is driving foreign policy.