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      Government debt repayment ‘could rise to half’ of total taxes

      OBR chiefs told the Treasury Select Committee that a higher tax burden could stifle growth.

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Donald Trump

  • Despite Trump’s tariffs, free trade is still the future

    November 6, 2024

    Trump will claim that tariffs can stop China ripping off Americans and bring jobs back home, but in reality they will only make his country poorer, says Harrison Griffiths Well, he’s done it again. Donald Trump is set to return to the White House after pulling off a now-characteristic upset in last night’s presidential election. [...]

  • UK economy at risk of higher inflation and slower growth due to Trump tariffs

    November 6, 2024

    During the election campaign, Trump threatened to increase tariffs on foreign imports by between 10-20 per cent while also placing 60 per cent tariffs on Chinese goods.

  • What Trump’s victory means for UK markets

    November 6, 2024

    Donald Trump and the Republicans have had a stunning victory in the US elections. Now is the time to dissect what it means for the UK. The win for Trump brings the issue of tariffs front and centre. One of Trump’s main campaign pledges was to impose tariffs on imports. China is likely to face [...]

  • FTSE 100 falls back as traders digest Trump presidency

    November 6, 2024

    The FTSE 100 pared its gains and sterling tumbled on Wednesday as traders digested how Donald Trump's presidency will impact the global economy and the UK.

  • Keir Starmer congratulates Trump on ‘historic election victory’

    November 6, 2024

    Prime Minister Keir Starmer has congratulated Donald Trump on an “historic election victory” as the former president prepares for a return to the White House. In a post on X, Starmer said that “I look forward to working with you in the years ahead”. “As the closest of allies, we stand shoulder to shoulder in [...]

  • US Treasury yields jump and Bitcoin hits record as Trump wins election

    November 6, 2024

    US Treasury yields jumped and Bitcoin surged to a new record as markets reacted to Donald Trump's victory in the presidential election.

  • Ahead of the Game: Trump’s pledge to LIV and PGA, Charlton eye move

    November 6, 2024

    LIV Golf executives will be cheered by Donald Trump’s march on the White House in the belief that the former president’s second US election win would lead to the long-heralded merger with the PGA Tour finally taking place.  Negotiations between the two rival tours have been taking place for over 18 months, with one of [...]

  • The five economic issues in the US election that could impact the UK

    November 5, 2024

    With the US election only hours away, the UK will be watching and waiting to see if former president Donald Trump or Vice President Kamala Harris is able to take the win. But how could the winner of the US election actually affect the UK economy? 1. Tariffs and trade wars Former president Trump has [...]

  • US election timings: Your guide to watching the results

    November 5, 2024

    After months of a closely fought battle, one of the most unpredictable US election campaigns in generations is drawing to a close. Polls have opened stateside and Donald Trump and Kamala Harris are still neck and neck, as voters begin to cast the ballots for the Republican or Democrat parties. For UK watchers, following the [...]

  • As America votes, can US democracy survive without a WaPo endorsement?

    November 5, 2024

    The US election has given rise to a huge number of divisive, potent and important debates. For many people, regardless of whether they even have a vote in this race, the contest has raised questions about the viability of American democracy itself. Those questions are likely to linger long after the close of polls and, [...]

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