Santander: UK businesses shift away from China as tensions flare Economics UK businesses are moving away from China as risks mount amid flaring geopolitical tensions. Over half of firms are taking steps to bring their supply chains closer to home, with one in five having already relocated their network closer to the UK. The moves come amid questions over China’s dominance in the supply chain, with [...]
Trump’s tariff salvo blindsides UK manufacturers Politics Donald Trump has blindsided UK manufacturers by slapping fresh tariffs of up to 25 per cent on more than 400 categories of British goods, from shampoo and children’s highchairs to motorcycles and diggers. Conservative shadow trade secretary Andrew Griffith accused ministers of failing to protect exporters, saying: “When it comes to protecting UK businesses from [...]
Buy UK: City stocks set for boost from Trump’s trade war with EU Markets As the chaos around President Donald Trump’s erratic tariff agenda shows no sign of abating, brokers have thrown their weight behind UK stocks. Just this weekend, Trump threatened escalations with Mexico and the EU before slapping a 30 per cent levy on the 27-state bloc from August 1. But among the geopolitical noise, the UK [...]
UK-EU trade talks in ‘final hours’ ahead of landmark summit May 18, 2025 Talks on a UK-EU deal are in their “final hours” ahead of a major summit with the bloc, the minister in charge of negotiations has said. Sir Keir Starmer is expected to announce a deal with the EU when he meets European Commission President Ursula von der Leyen and European Council President Antonio Costa in [...]
Bank of England warns on threat of global trade barriers November 29, 2024 Rising global trade barriers threaten to drag on global economic growth and unsettle the stability of the UK’s financial system, the Bank of England has warned today. In its half-yearly financial stability report, the central bank said the financial system could be hit by disruption to cross-border capital flows and a reduced ability to diversify [...]