Firms warned to make ‘contingency plans’ amid £6bn tariff hit January 19, 2026 Businesses across the UK have been warned to draw up “contingency plans” in case President Trump follows through on imposing 10 per cent tariffs on imports from major European economies next month. British Chambers of Commerce (BCC) director general Shevaun Haviland warned businesses to prepare for the worst as the impact of US tariffs on [...]
High earners could be missing out on thousands in pension tax relief January 19, 2026 High earners could be at risk of losing a quarter of a million pounds in pension tax relief through failing to reclaim by the self-assessment tax return deadline. Brit ensnared in the £100,000 tax trap could see thousands of pounds slipping out of their grasp, as well as valuable free childcare support, according to wealth [...]
Inflation expected to inch back up due to travel rush January 19, 2026 Inflation is expected to edge back up as higher airfares and tobacco prices are squeezing British families’ budgets and adding to pressures on the cost of living. A Bloomberg poll of economists has predicted consumer price index (CPI) inflation to hit 3.3 per cent rate for the year to December, which would be higher than [...]
Farage to ‘have some words’ with Trump over ‘hurtful’ UK trade threats January 19, 2026 Nigel Farage has attacked President Trump for his tariff threats against the UK, adding that he would be “having some words” with US administration officials during meetings in Davos on Wednesday. In a statement the Reform UK leader said threats against the UK were “not the kind of thing we would expect”. It is the [...]
U-turn on ID cards reveals a deeper flaw in Starmer’s Labour January 19, 2026 With his latest U-turn, Keir Starmer has taken a controversial policy which nonetheless had a substantial support base and made it deeply unpopular. It’s of a piece with his whole approach to government, says Eliot Wilson Last week the government announced – or perhaps admitted? – that the digital ID unveiled last year will not [...]
US tariffs war could ‘trigger UK recession’ January 19, 2026 President Trump’s latest tariff package could plunge the UK economy into a recession, top economists have warned, upping the stakes for Keir Starmer as he responds to threats against Greenland. The US president warned leading European nations, including the UK, he would slap additional 10 per cent tariffs on goods imports if a deal for [...]
Starmer calls for ‘calm’ as US tariff war flares up January 19, 2026 Sir Keir Starmer urged US and EU allies to engage in “calm discussion” in order to stave off a tariff war while re-iterating the UK’s commitment to upholding Greenland’s sovereignty. President Trump stunned allies by threatening to impose additional 10 per cent tariffs on UK imports from next month due to opposition to his plans [...]
Trump tariffs: EU ‘has tools at disposal’ to hit back amid Greenland spat January 19, 2026 The European Union has pledged it has the “tools” to hit back at the US after President Trump’s latest trade offensive amid the deepening Greenland crisis. In a daily briefing the European Commission’s deputy chief spokesperson and trade lead, Olof Gill, said “should the threatened tariffs be imposed, the European Union has tools at its disposal [...]
IMF: UK economy to lag behind growth of advanced economies January 19, 2026 The UK economy is set to grow at a slower pace than the average across advanced economies in each of the next two years, the International Monetary Fund (IMF) has said, in a warning on the Labour government’s ability competitiveness against world powers. The IMF has kept its UK growth figures for 2026 and 2027 [...]
FTSE 100 Live: Gold soars as Trump’s tariffs threaten trade war January 19, 2026 Good morning and welcome back to the City AM liveblog. It might be a new year but it’s the same issues controlling the global markets. The FTSE 100 closed last week one per cent higher than it started at 10,235.29p. But this came around 24 hours prior to President Donald Trump’s fresh tariff attack on [...]