Trump tariffs: No10 resists calls for ‘buy British’ campaign April 8, 2025 No10 has resisted calls for a “buy British” campaign in light of US tariffs, after the Chancellor slapped down the idea and suggested it could be a barrier to trade. Rachel Reeves warned against the UK becoming “inward looking” as she faced calls in the Commons to encourage the public to buy more British goods [...]
UK markets ‘functioning’ and banking system ‘resilient’, Reeves tells MPs April 8, 2025 Chancellor Rachel Reeves has spoken in the House of Commons on the “current economic situation” in the wake of US President Donald Trump’s sweeping new global trade tariffs. Addressing MPs ahead of Treasury questions, Reeves said the “implications have been reflected in the reaction that we have seen in global markets in recent days, which [...]
Trump’s trade war is a test for Starmer – I fear he’ll fail it April 8, 2025 Keir Starmer declared yesterday that we’re now living “in a completely new world.” He’s not wrong; Donald Trump has cut to shreds the established economic order and flung the pieces into the air. At this stage, where those pieces will land is anyone’s guess. So, Starmer is right to sense a moment. But what will [...]
Tariffs: Starmer commits to fiscal rules and not raising income tax and VAT April 7, 2025 Sir Keir Starmer has stressed his commitment to the government’s fiscal rules and reiterated he would not increase national insurance, VAT or income tax, despite Donald Trump’s tariffs upending government economic policy. The Prime Minister called for “cool heads” as global markets plunged in response to the US President’s sweeping global import taxes, and said [...]
Jaguar Land Rover eliminates £5bn debt pile but warns of ‘significant threat’ April 7, 2025 The boss of Jaguar Land Rover has revealed the luxury car maker has eliminated its net debt pile which totalled £5bn at its peak. Speaking alongside Sir Keir Starmer and Rachel Reeves during their visit to the Midlands, chief executive Adrian Mardell confirmed the milestone which has seen the manufacturer reduce its debt over a [...]
Rachel Reeves approval rating one point above Trump with UK voters, poll finds April 7, 2025 Rachel Reeves’ approval ratings have slumped since March leaving her just one point more popular than US President Donald Trump with UK voters, a poll has found. The Chancellor’s net approval ratings have declined by 12 points since delivering her Spring Statement last month, leaving Reeves at net -43, just one point above Trump on [...]
Voters’ economic gloom worsens as tariff fears bite April 7, 2025 UK voters are increasingly downbeat about the economy as President Trump’s tariff announcements have further dampened Brits’ confidence, according to the latest City AM/Freshwater Strategy poll. The global economy is still reeling from the President’s Rose Garden speech, where Trump announced sweeping tariffs on countries around the world, with markets nosediving across Asia and Europe [...]
UK government unveils changes to electric vehicle rules April 7, 2025 Prime Minister Keir Starmer has launched new reforms to bolster Britain’s automotive industry and accelerate the transition to electric vehicles (EVs). This move reaffirms the 2030 phase-out date for new petrol and diesel car sales, while offering carmakers more flexibility to meet ambitious green targets. The changes come in response to US President Donald Trump’s [...]
Tariff response: slash red tape and lure the non-doms back April 7, 2025 Shadow Business Secretary Andrew Griffith on the five steps the government should now take A few years before he died, Henry Kissinger described Trump as “one of those figures in history who appears from time to time to mark the end of an era and to force it to give up its old pretences”. It [...]
Globalisation has come to an end, says minister April 6, 2025 Globalisation has “come to an end” in the wake of new tariffs imposed by the US, a Treasury minister has suggested. Chief Secretary to the Treasury Darren Jones told the BBC that Britain needs to be “strong and resilient” and emphasised the importance of investing in the domestic economy, as nations and businesses are grappling [...]