Close Brothers: How the motor finance scandal reshaped one of ‘Europe’s least cost-efficient lenders’
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 [...]
Recession fears spike after Trump threatens new China tariffs Economics 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’s culture war turns Europe into a ‘Truman Show’ spectacle Politics US President Donald Trump and the American MAGA movement have launched a ‘culture war’ on Europe, says a new think tank report, warning that this transatlantic clash is reshaping European politics. The European Council on Foreign Relations (ECFR) and the European Cultural Foundation (ECF) report, published on Tuesday, claims the US is waging its ‘culture [...]
Trump signals TikTok deal as US operations hinge on agreement September 15, 2025 President Donald Trump has suggested that the United States and China have reached a deal on the future of TikTok, the viral video platform owned by Chinese firm ByteDance. Trump said on his own social media platform, Truth Social, that trade talks in Spain “went very well”, and that a deal was reached regarding “a certain company [...]
Is Brexit Britain a winner of the EU and US trade tie-up? July 28, 2025 Brexit Britain is set to have curbed another President Donald Trump trade offensive after the US and EU inked a deal which economists dubbed a White House win and European retreat. The deal, announced late Sunday night, will see the original US-imposed tariffs of 30 per cent on the EU slashed to 15 per cent. [...]
Trump secures ‘big win’ in EU trade deal after Brussels retreats July 28, 2025 President Donald Trump has achieved a “big win” after inking a trade agreement with the European Union following a months-long standoff between two of the world’s largest economic titans. The US President met with European Commission President Ursula von der Leyen in Scotland to continue trade discussions as part of his four-day private visit to [...]
UK and India sign £6bn trade deal July 24, 2025 Keir Starmer and his Indian counterpart Narendra Modi have signed a trade deal worth an estimated £6bn, with the UK Prime Minister hailing the landmark agreement a “historic day” for Britain and India. The trade pact – the result of over three years of negotiations – will see tariffs on the whisky and cars that [...]
Andrew Bailey sets Donald Trump challenge on tariff plans July 16, 2025 Bank of England Governor Andrew Bailey has set President Donald Trump a “constructive challenge” to explain contradictions in fiscal policies that threaten the world economy and financial stability. In his Mansion House speech delivered to an audience of City leaders, Andrew Bailey defended the principles of free trade and post-war agreements to introduce multilateral systems [...]
Buy UK: City stocks set for boost from Trump’s trade war with EU July 14, 2025 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 [...]
Aston Martin tariff hit sinks UK car output to 76-year low June 27, 2025 UK car production plunged to its lowest level since 1949 last month, as Aston Martin and other British carmakers halted exports to the United States amid president Donald Trump’s escalating trade war. Data released on Friday by the Society of Motor Manufacturers and Traders (SMMT) found that UK factories turned out just 49,810 cars and [...]