FTSE 100 falls as cost of Donald Trump’s tariff plans revealed November 26, 2024 In a post on Truth Social platform, the president-elect said he will impose a 25 per cent tariff on all goods from Canada and Mexico, higher than markets had anticipated.
Why Donald Trump’s love affair with tariffs will only end badly November 26, 2024 A lot of ink has been spilled trying to work out what impact this will have on the global economy. To cut a long story short, nobody knows exactly what will happen - but it is not going to be good.
UK to relaunch trade talks with India and form new Japan partnership November 19, 2024 The UK is set to relaunch trade talks with India and form a new economic partnership with Japan, Downing Street has announced. It was confirmed that trade discussions with India will reopen at the start of next year, following a bilateral meeting between Sir Keir Starmer and Indian leader Narendra Modi at the G20 summit [...]
Starmer risks resurrecting Cameron’s failed China script November 19, 2024 The Prime Minister has been mingling with world leaders in Brazil, and while his government continues to face an array of domestic challenges (from tractor protests to debates on assisted dying) he has managed to pick up a hefty endorsement from one of the world’s most powerful people. “The new UK government is working to [...]
Reynolds and economists warn of trade impact of US tariffs November 19, 2024 The business secretary has warned of a “significant moment for global trade” and predicted a “difficult conversation” with the US lies ahead, as economists predict a £20bn blow to Britain’s economy from Donald Trump’s tariff plans. Jonathan Reynolds warned the UK should avoid “speculating on how we should respond before there is something to respond [...]
UK turning away from EU ‘socialism’ would spur Trump on trade deal – adviser November 16, 2024 Donald Trump would be more willing to clinch a free trade agreement with the UK if it turns away from the EU’s “socialism” and towards a US model, a senior economic advisor to the president-elect has said. Stephen Moore, who is advising Trump as he prepares for office, said the UK “has to choose” between [...]
Is Brexit back on the agenda after Mansion House? November 15, 2024 Reeves said that the economy faced "structural challenges" as a result of Brexit, which simply added to an already long list of obstacles to economic growth.
Bank of England boss touts benefits of free trade as Trump tariffs loom November 14, 2024 With protectionism coming back into fashion around the world, Bailey owned up to being an "old-fashioned free trader at heart".
UK could negotiate exemption from Trump tariffs, former Senator says November 12, 2024 Many analysts have suggested that the threat of tariffs might be used as a negotiating technique.
Ex-Bank top economist Haldane says UK can strike Trump trade deal and boost EU ties November 12, 2024 The Bank of England’s ex-chief economist has said Keir Starmer can simultaneously strike a trade deal with Donald Trump and rebuild relations with the EU to show the UK is "open for business".