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 [...]
Drones, AI, space: where to invest amid defence tech boom April 1, 2025 The world is rearming at a dizzying pace. Global defence spending has surged at an annual rate of 4.2 per cent since 2020 – that’s four times faster than pre-pandemic levels, according to the Stockholm International Peace Research Institute. By 2030, that figure is expected to hit $3.4tr, reflecting rising geopolitical tensions and the race [...]
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 [...]
Labour’s own policies undermine their ‘welfare to work’ agenda April 1, 2025 The government has made many mistakes since coming to office, but the Chancellor deserves some credit for not breaking her fiscal rules at the first opportunity. The demands from various groups (and various wings of her own party) for more borrowing or exempting certain measures from the fiscal rules were ruthlessly ignored at the Spring [...]
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 [...]
Poor co-ordination was ‘open invitation’ for small boats, Starmer says March 31, 2025 Poor co-ordination between policing and intelligence agencies was an “open invitation” to people smugglers transporting arrivals in small boats, Sir Keir Starmer has claimed. The Prime Minister has said his government “inherited this total fragmentation between our policing, our Border Force and our intelligence agencies” and warned there were “gaps in our defence, an open [...]
Tax paid by companies has nearly doubled in 10 years March 31, 2025 Businesses account for over a quarter of all UK tax receipts, according to new research by Thomson Reuters. Chancellor Rachel Reeves said Labour would become more “pro-business” than previous governments in the run-up to last year’s election. But new data by Thomson Reuters raises questions about the Chancellor’s record in office as companies face an [...]
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 [...]
US tariffs: UK ‘reserves right to respond’ after carmakers meeting March 28, 2025 The UK reserves the right to respond to American tariffs, Sir Keir Starmer has said, after US President Donald Trump’s decision to slap a 25 per cent import tax on cars. The Prime Minister said his government was involved in ongoing discussions with the White House aimed at “mitigating the impact” of any levies but [...]