Analysis: What is in the US-UK trade deal and what does it mean? May 8, 2025 The US administration has offered the UK its first trade deal since President Trump turned global trade on its head last month. The UK government will see the deal as a win, at least symbolically, while Bank of England Governor Andrew Bailey hailed news of a trade deal as “excellent”. Chancellor Rachel Reeves said reducing [...]
US-UK deal is free trade in name only May 8, 2025 The newly announced UK-US trade agreement under Trump is a modest, tactical rollback of recent protectionist measures rather than a true free trade deal, aimed more at political optics than economic transformation, says Eliot Wilson Donald Trump advertised last week’s trade agreement between the United States and the United Kingdom as “full and comprehensive”, a [...]
Aston Martin shares rally on UK and US trade deal May 8, 2025 Shares in Aston Martin surged on Thursday ahead of President Donald Trump announcing a trade deal with the UK. The FTSE 250 stock was up ten per cent in the early afternoon, after reports that US car tariffs on the UK would ease. Trump’s 25 per cent levy on all steel and car imports dealt [...]
Keir Starmer strikes ‘historic’ deal with US in bid to swerve tariffs May 8, 2025 Keir Starmer has unveiled a new deal between the US and the UK, making Britain America’s first major trading partner to partially swerve the looming threat of tariffs. US president Donald Trump last month unveiled sweeping tariffs on major economies across the world, including a 10 per cent tariff on goods imports from the UK [...]
Week in Business: Why Britain needs reform May 8, 2025 In light of current difficulties and long-term challenges, the UK economy needs a dose of radical reform - but who will have that conversation?
Rolls-Royce: Shares in FTSE 100 giant rally on trade deal hopes May 8, 2025 Shares in Rolls-Royce were driving the FTSE 100’s gains on Thursday as the UK looked poised to secure a trade deal with the US. Shares in the Derby-headquartered group were trading up three per cent at 790.60p in early deals, closing in on its all-time high The firm, which triumphed as Business of the Year [...]
Trump poised to announce US trade deal with UK May 8, 2025 President Trump will announce a US-UK trade deal today, according to a New York Times report which has since been backed up by Sky News. In a post on X, Sky News’ Sam Coates said that the claims are “substantive”, and that the announcement today would be “a ‘heads of terms’ agreement rather than the [...]
Andy Haldane: Government’s bid to cut red tape ‘has little chance of success’ May 7, 2025 The government’s call for regulators to slash red tape “has little chance of success” unless watchdogs’ mandates are changed in law, according to the Bank of England’s former Chief Economist Andy Haldane. Speaking at the City AM Awards in London’s Guildhall, Haldane criticised the government’s policy of seeking regulatory reform “via exhortation and press release” [...]
What a trade deal with India means for the UK May 7, 2025 The UK government is heralding a “new era” for British business: after three years of negotiations, a free trade agreement has been signed with India. This is the third agreement the UK has brokered since Brexit and it is also the biggest of them all, given India is the largest single economy that the UK [...]
Winter fuel payment U-turn not enough to win back support, Labour MPs say May 6, 2025 The government is under increasing pressure from its backbenchers to reverse winter fuel cuts amid warnings that even a U-turn would not go far enough to restore trust with voters. There is talk that senior government officials are reconsidering government’s earlier decision to restrict winter fuel payments to pensioners who qualify for income-related benefits, which [...]