UK and Trump in new tariff discussions as businesses sound alarm February 22, 2026 The UK is in discussions with the US over President Trump’s latest tariff salvo, a cabinet minister has confirmed, as businesses sound the alarm about the increased rate. President Donald Trump raised his base global tariff rate to 15 per cent on Saturday after the US Supreme Court struck down the authority he used to [...]
Trump says he is raising global tariffs after Supreme Court ruling February 21, 2026 US President Donald Trump has said he will raise his new global tariff rate to 15 per cent from 10 per cent, a day after the US Supreme Court struck down his policy. Trump signed a proclamation slapping a temporary 10 per cent duty on imports under section 122 of the 1974 trade act, which [...]
Meet the lawyers defending Andrew Mountbatten-Windsor and Peter Mandelson February 20, 2026 The former Duke of York, Andrew Mountbatten-Windsor, has called on his trusty lawyer following his arrest on suspicion of misconduct in a public office on Thursday. Blackfords’ Gary Bloxsome and Jennifer Richardson, alongside Matrix Chambers’ Clare Montgomery KC, have been instructed by Andrew in relation to legal troubles. When the late Virginia Giuffre filed a [...]
US Supreme Court rules Trump’s ‘Liberation Day’ tariffs were illegal February 20, 2026 The US Supreme Court has handed down a landmark ruling that the sweeping tariffs President Donald Trump imposed on trading partners last year were illegal. Justices were weighing up a case centred around the Emergency Economic Powers Act that allows a President to regulate imports during a national emergency. The White House had argued the [...]
Private sector axes more jobs amid Reeves’ tax and wage pressures February 20, 2026 The UK’s private sectors culled jobs for the seventeenth consecutive month in February led by a significant drop in the services sector as businesses were still digesting the impact of Labour’s 2024 Autumn Budget. The latest flash Purchasing Managers Index (PMI) from S&P Global described the rate of job shedding in February as at a [...]
Reeves lands £30bn reprieve ahead of Spring Statement February 20, 2026 Rachel Reeves has secured a record-breaking borrowing reprieve in fresh data that comes ahead of the Chancellor delivering her Spring Statement in March. The Treasury has been handed a surplus of £30.4bn in January, new figures from the Office for National Statistics (ONS) show, after a surge in tax receipts. The figure is £15.9bn higher [...]
Labour MPs: Britain must help establish a World Bank for defence February 20, 2026 MPs Alex Bailey, Calvin Bailey and Luke Charters make the case for why Britain should help establish an international defence bank.
Rachel Reeves warned ‘dysfunctional’ fiscal rules are hammering economy February 19, 2026 Rachel Reeves has been dealt a scathing assessment of her economic policy by a top think tank, which likened her approach to a driver who was “watching the speedometer” while ignoring other conditions. The Chancellor is facing calls to scrap the self-imposed fiscal rules that prevent her from borrowing to pay for day-to-day spending and [...]
FTSE 100 Live: Centrica profit falls; Stocks dip after record rally February 19, 2026 Good morning and welcome back to the City AM liveblog. It’s been quite the week for the “old and unexciting” FTSE 100. The blue-chip index closed 1.2 per cent higher on Tuesday led by a rally in the mining sector. Antofagasta led the pack up over 10 per cent, which came a day after its [...]
Employment Rights Act: Business braces for shorter strike notices, stronger unions February 18, 2026 The first batch of reforms, following the passage of the Employment Rights Act, came into effect on Wednesday, granting employees new trade union powers. As of Wednesday, measures under the legislation kicked in, including the repeal of most of the Trade Union Act 2016 and the introduction of protections against dismissal for taking industrial action. [...]