FTSE 100 and Wall St sink as EU and Trump war of words heats up Economics The war of words between the Trump administration and Europe ramped up on Tuesday as world leaders headed for a showdown in Davos whilst global markets sunk into the red. Ursula Von der Leyen, the president of the European Commission, said the tariffs imposed on European nations due to their staunch defence of Greenland’s sovereignty [...]
Starmer slams Trump’s UK tariff threat over Greenland Politics Keir Starmer has joined European leaders in condemning Donald Trump’s plan to impose sweeping tariffs on the UK and several Nato allies. The prime minister has warned the move risks damaging transatlantic trade and collective security. The US president said goods exported from the UK to the US would face a 10 per cent tariff [...]
Six of the top business books of 2025 Life&Style Yes, dear reader, it’s that time of year again. What to buy for that special high-flying City exec in your life? I’ve read nearly 50 books this year – most of them new, and most about business. Some were good, others have since found their way to Oxfam. Here are a few of my favourites. [...]
Autumn Budget: JCB boss calls on Reeves not to do anything ‘daft’ October 22, 2025 The chief executive of JCB has called on Chancellor Rachel Reeves not to do anything “daft” in her Autumn Budget which would deter inward investment. Graeme Macdonald, who leads the Staffordshire-headquartered manufacturing giant under chairman Lord Anthony Bamford, said he’s “not optimistic” about the Budget next month, adding that Reeves is “definitely” going to raise [...]
Recession fears spike after Trump threatens new China tariffs October 11, 2025 President Donald Trump has said he will slap an additional 100 per cent tax on Chinese imports by 1 November or sooner spiking recession fears after global markets tumbled. Taking to his Truth Social platform, Trump cited the export controls placed on rare earths by China as the reason for the fresh levy. The President [...]
Trump slaps 100 per cent tariff on imported drugs September 26, 2025 US President Donald Trump announced a new round of tariffs on Thursday evening, with the pharmaceutical industry expected to be the hardest hit. Trump revealed that the US will impose a 100 per cent tariff on imported branded drugs, a 25 per cent tariff on all heavy-duty truck imports, a 50 per cent tariff on [...]
Aga Rangemaster cuts jobs and raises prices as UK demand falls September 2, 2025 Aga Rangemaster has continued to cut jobs as it battles falling demand in the UK and prepares for the rising costs from US President Donald Trump’s tariffs. The business, which is headquartered near Nottingham, has said it is raising prices in order to attempt to offset the increased costs from US tariffs but that their [...]
Is the UK’s digital services tax at risk from a US tariff threat? August 26, 2025 The Digital Services Tax (DST), a two per cent levy on the revenues of major tech firms, has become a key point of friction in the UK’s transatlantic relationship with the US. The tax, which came into force in 2020, was designed to address an imbalance where global tech giants generate significant revenue from British [...]
Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget August 13, 2025 Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]
Jaguar Land Rover: Trump’s tariffs cost car maker millions August 8, 2025 Jaguar Land Rover has revealed how much US President Donald Trump’s tariffs have impacted its finances during the first three months of its financial year. The car maker has confirmed that its revenue in the three months to 30 June, 2025, fell by 9.2 per cent to £6.6bn. Its pre-tax profit was also slashed by [...]