US tariffs: UK being ‘supine’ and should ‘retaliate’, Lord Rose urges government April 2, 2025 The UK has been “supine” to US President Donald Trump and should be “firm” and “find some way to retaliate”, Lord Rose has said. The businessman and former boss of M&S and Asda told Times Radio the government has been “supine” to President Trump and should be “firm” in threatening retaliatory tariffs. He said it’s [...]
Wage growth falling for low-paid workers despite minimum wage hike April 2, 2025 Wage increases among low-paid workers are at their lowest level in three years, according to the jobs website Indeed, as economists fear high inflation will erode incomes. Business secretary Jonathan Reynolds said on Tuesday that an increase to the national minimum wage would mean that low-paid workers could help drive growth across the UK. But [...]
Trump’s car tariffs to put 25,000 UK jobs at risk, IPPR say April 2, 2025 President Donald Trump’s 25 per cent tariffs on all car imports to the US could destroy thousands of UK jobs, the Institute for Public Policy Research (IPPR) have suggested. The think tank estimates that around 25,000 jobs will come under threat as a result of Trump’s tariffs due to come into effect on Wednesday. The [...]
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 [...]
OBR chair: Reeves is exposed to ‘inevitable’ shocks April 1, 2025 The Office for Budget Responsibility (OBR)’s chair Richard Hughes said Chancellor Rachel Reeves’s small headroom means the Treasury has left itself exposed to “inevitable” economic shocks. The role of the fiscal watchdog has come under greater scrutiny since Reeves made cuts totalling £14bn in order to meet her fiscal rules at last week’s Spring Statement. [...]
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 [...]
Business leaders ‘remain depressed’ as employment costs spiral April 1, 2025 Business leaders remain disheartened about their organisations and the wider UK economy amid an escalating global trade war and higher employment costs, according to a new survey of over 600 directors. Confidence among company directors collapsed after Labour took office last year. Now the Institute of Directors (IoD)’s latest update to its monthly survey suggests [...]
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 [...]