IMF slashes UK growth forecast as tariffs create ‘significant slowdown’ April 22, 2025 The IMF has downgraded its UK growth forecast by 0.5 per cent this year as President Donald Trump’s trade war brings global tariff rates to “centennial highs”. The IMF said the UK economy would grow by 1.1 per cent growth this year, reflecting leading forecasters’ worries about the ongoing global trade war between US and [...]
Reeves’ tax rise to push up inflation, BoE’s Megan Greene warns April 22, 2025 Rachel Reeves’ national insurance tax rise will push up inflation and lead to a “shake-up” of the labour market, Bank of England rate-setter Megan Greene has warned. In an interview with Bloomberg Television, Greene said she was particularly concerned about “weakness in output” for the best part of a year as she suggested Reeves’ tax [...]
Renters’ Rights Bill raises ‘significant questions’ for tenants, industry leaders warn April 21, 2025 Industry leaders have expressed concerns about the knock-on effects of the Renters’ Rights Bill, which entered the committee stage on 21 April. The bill, which aims to give renters greater security and stability, will abolish Section 21 ‘no-fault’ evictions, as well as ban landlords accepting offers above the advertised rent and prohibit pre-tenancy rent payments. [...]
Trump says US may ‘take a pass’ from Ukraine talks if they prove too difficult April 19, 2025 Donald Trump has said the US could “take a pass” on Ukraine peace talks if they become too difficult but added he thought there was a “good chance” of succeeding. Sir Keir Starmer discussed Ukraine with the US president in a phone call on Friday, Downing Street said, but did not give further details. Trump’s [...]
Reeves: Cutting ties with China would be ‘foolish’ April 19, 2025 Chancellor Rachel Reeves has said it would be “foolish” to stop engaging with China. Reeves is due to hold talks with the US next week amid efforts to strike a trade deal, which the UK hopes can help soften the brunt of Donald Trump’s tariffs. There has been speculation that Washington may press the UK [...]
Week in Business: Labour’s jobs madness as employers urge change of plan April 17, 2025 Business Secretary Johnny Reynolds was so fed up with people criticising him for never having run a business that he bought himself a whopping great steel mill in Scunthorpe. Now firmly a member of the boss class, will he have sympathy with the business chiefs who this week begged the government to rip up their [...]
UK-US trade deal could be agreed within weeks, as MPs call for vote April 17, 2025 A trade deal between the UK and the US could reportedly be agreed within weeks, as senior MPs have called for Parliament to have a vote on any such agreement. According to a report in the Telegraph, White House officials believe a deal with the UK could be finalised with President Donald Trump’s administration in [...]
A game of chlorinated chicken: What is the price of a US-UK trade deal? April 17, 2025 An economic deal between the UK and the US could be just weeks away. The Trump administration has made sweeping promises of a “90 deals in 90 days” package of bespoke arrangements. While deals with India, Japan and South Korea are expected to be done first, the UK is understood to be not far behind [...]
Sadiq Khan calls for youth mobility scheme to support London businesses April 17, 2025 Sir Sadiq Khan has called on the government to sign up to a youth mobility scheme with the European Union (EU) to boost London’s growth and support the capital’s businesses. The London mayor warned Britain needed protection from the “economic storm” of US President Donald Trump’s sweeping new global trade tariffs, which have sparked fears [...]
Has the English court unlocked diplomatic immunity problems for the UK? April 17, 2025 Diplomatic immunity is under the spotlight after several embassies found themselves before UK courts and saw their immunity stripped away