Global minimum tax holds despite Trump’s exemption Opinion Rumours of the death of Pillar 2, the OECD’s global minimum tax, appear to have been exaggerated, but the international, rules-based order may be discovering its limits, says Tim Sarson Businesses across the globe welcomed in 2026 with the news that the Organisation for Economic Co-operation and Development (OECD) had published the long-awaited update to [...]
Andrew Bailey: Stock markets could crash if debt levels spiral Economics Bank of England Governor Andrew Bailey has warned that stock markets could suffer a “disorderly adjustment” due to spiralling debt levels and other vulnerabilities. Ahead of a seminal week in Washington DC where global financial leaders are set to discuss the future of multilateralism, Bailey said bullish markets and spiralling sovereign debt levels had left [...]
Reeves pledges to defend UK interests ahead of IMF meetings in Washington Politics Chancellor Rachel Reeves has pledged to “defend Britain’s interests” as she prepares to meet fellow finance ministers in Washington and push for a US trade deal. Reeves will spend three days in the US capital for the International Monetary Fund (IMF)’s spring meetings of finance ministers and business leaders from across the G7 and G20. [...]
Tariff talks to dominate IMF-World Bank meetings April 21, 2025 Finance ministers are poised to use this week’s International Monetary Fund (IMF) and World Bank’s gathering to strike up trade deals with bilateral partners as uncertainty continues to swirl around Donald Trump’s tariff plan. Senior politicians and economic heavyweights are flocking to Washington for the biannual gathering put on by the two global agencies, with [...]
UK to relaunch trade talks with India and form new Japan partnership November 19, 2024 The UK is set to relaunch trade talks with India and form a new economic partnership with Japan, Downing Street has announced. It was confirmed that trade discussions with India will reopen at the start of next year, following a bilateral meeting between Sir Keir Starmer and Indian leader Narendra Modi at the G20 summit [...]
Starmer risks resurrecting Cameron’s failed China script November 19, 2024 The Prime Minister has been mingling with world leaders in Brazil, and while his government continues to face an array of domestic challenges (from tractor protests to debates on assisted dying) he has managed to pick up a hefty endorsement from one of the world’s most powerful people. “The new UK government is working to [...]
Chancellor: India’s ‘Silicon Valley’ could revitalise London’s capital markets September 11, 2023 Indian firms are set to explore listing internationally on the UK’s London Stock Exchange, amid trade talks between the two nations.
Westminster’s alleged spy for China says he is ‘completely innocent’ September 11, 2023 The parliamentary researcher arrested on suspicion of being a spy for China has insisted he is “completely innocent”. The man said he had spent his career highlighting the “challenge and threats presented by the Chinese Communist Party”. The arrest under the Official Secrets Act led to the Prime Minister confronting Chinese premier Li Qiang at [...]
‘India’s son-in-law’: Sunak’s headache projecting Britain abroad while problems mount at home September 8, 2023 It’s the age-old headache for prime ministers, and Rishi Sunak is no different. Overseas trips – full of opportunities to appear statesmanlike, gladhand other world leaders, and represent Britain on the global stage – always seem to come at the worst possible time. At the G7 in Japan earlier this year – possibly jetlagged and [...]
Rishi Sunak at G20 in India with hopes for post Brexit trade deal talks September 8, 2023 Rishi Sunak is set to land in New Delhi for the G20 summit in what No10 called a “historic moment”, amid trade deal negotiations to land an agreement with India. The prime minister, travelling with his wife Akshata Murty, will meet Indian prime minister Narendra Modi for bilateral talks. And officials have not ruled out [...]