UK manufacturing woes deepen as industry ‘hit on several fronts’ April 1, 2025 The latest S&P Global’s UK Purchasing Managers’ Index (PMI) shows that UK manufacturing’s woes have deepened. S&P Global’s latest PMI survey, which asks around 600 industrial companies about their performances, suggests that manufacturing is again in the downturn following a poor start to the year. The latest figure showed that it decreased to 44.9, which [...]
Business leaders ‘remain depressed’ as employment costs spiral April 1, 2025 Business leaders remain disheartened about their organisations and the wider UK economy amid an escalating global trade war and higher employment costs, according to a new survey of over 600 directors. Confidence among company directors collapsed after Labour took office last year. Now the Institute of Directors (IoD)’s latest update to its monthly survey suggests [...]
Labour’s own policies undermine their ‘welfare to work’ agenda April 1, 2025 The government has made many mistakes since coming to office, but the Chancellor deserves some credit for not breaking her fiscal rules at the first opportunity. The demands from various groups (and various wings of her own party) for more borrowing or exempting certain measures from the fiscal rules were ruthlessly ignored at the Spring [...]
FTSE close: Trump triggers global market sell-off ahead of ‘Liberation Day’ March 31, 2025 Investors across the globe braced for Trump’s ‘Liberation Day’ on April 2 as they hastily retreated from stock markets. Trump will unveil a new set of tariffs on Wednesday, including a 25 per cent levy slapped on all automotive imports in the US, which has already been confirmed. The tariffs, which the President said are [...]
US tariffs: UK expects to be hit by Trump taxes this week, No10 admits March 31, 2025 The UK expects to be hit by Donald Trump’s tariffs this week, No10 has said, amid frantic discussions to secure an exemption for UK businesses. The government has been trying to negotiate to spare British exports from the taxes on imports into the US which are set to come into force later this week on [...]
FTSE and Europe in the red as US markets open on a downturn March 31, 2025 The latest escalation in Trump’s trade war painted global markets red on Monday. This new headache came ahead of Trump’s so-called ‘Liberation Day’ on April 2, which has investors bracing for a broad set of fresh tariffs. The President will slap 25 per cent tariffs on all automotive imports in the US from Wednesday, with [...]
UK Finance: Government must ‘unify’ market strategy March 31, 2025 The relationship British businesses have with public exchanges such as the London Stock Exchange and private markets has transformed and requires a new strategy, a fresh report from UK Finance has said. The financial services company, which serves as an industry body for banking, found a dwindling importance of public listings with firms staying private [...]
Poor co-ordination was ‘open invitation’ for small boats, Starmer says March 31, 2025 Poor co-ordination between policing and intelligence agencies was an “open invitation” to people smugglers transporting arrivals in small boats, Sir Keir Starmer has claimed. The Prime Minister has said his government “inherited this total fragmentation between our policing, our Border Force and our intelligence agencies” and warned there were “gaps in our defence, an open [...]
UK mortgage approvals dip in February March 31, 2025 Mortgage approvals for house purchases decreased again in February as gains in consumer credit borrowing slowed down by £300m compared to January, the Bank of England said on Tuesday. House buying appeared to slow down as lenders approved around 65,500 mortgages in February, compared to some 66,100 in January. January saw a decrease of around [...]
Tax paid by companies has nearly doubled in 10 years March 31, 2025 Businesses account for over a quarter of all UK tax receipts, according to new research by Thomson Reuters. Chancellor Rachel Reeves said Labour would become more “pro-business” than previous governments in the run-up to last year’s election. But new data by Thomson Reuters raises questions about the Chancellor’s record in office as companies face an [...]