Trump’s trade war is a test for Starmer – I fear he’ll fail it April 8, 2025 Keir Starmer declared yesterday that we’re now living “in a completely new world.” He’s not wrong; Donald Trump has cut to shreds the established economic order and flung the pieces into the air. At this stage, where those pieces will land is anyone’s guess. So, Starmer is right to sense a moment. But what will [...]
Private equity will leave London if the government doesn’t listen April 8, 2025 Uncertainty over government plans to change the taxation of carried interest is driving privat equity away from London, says Edwin Richards Last week, some of the world’s biggest private equity firms urged the UK government to dilute proposed changes to the treatment of carried interest. But plenty are left wondering what this means in practice [...]
Major Companies House change launched as business leaders called to action April 8, 2025 Business leaders can now verify their identity on Companies House as part of a major drive designed to slash economic crime. As of today, 8 April, directors can voluntarily verify their identity before it becomes a legal requirement later this year. More than six million individuals will need to comply in the 12 months after [...]
Tariffs: Starmer commits to fiscal rules and not raising income tax and VAT April 7, 2025 Sir Keir Starmer has stressed his commitment to the government’s fiscal rules and reiterated he would not increase national insurance, VAT or income tax, despite Donald Trump’s tariffs upending government economic policy. The Prime Minister called for “cool heads” as global markets plunged in response to the US President’s sweeping global import taxes, and said [...]
Rachel Reeves approval rating one point above Trump with UK voters, poll finds April 7, 2025 Rachel Reeves’ approval ratings have slumped since March leaving her just one point more popular than US President Donald Trump with UK voters, a poll has found. The Chancellor’s net approval ratings have declined by 12 points since delivering her Spring Statement last month, leaving Reeves at net -43, just one point above Trump on [...]
Seven in 10 UK voters worried about impact of Trump‘s tariffs, polling finds April 7, 2025 Seven in 10 UK voters are worried about the impact of US President Donald Trump’s tariffs on the British economy, a new poll has revealed. Some 69 per cent of those surveyed say they are very or somewhat worried about Trump’s new global import tariffs in the UK, according to the latest City AM/Freshwater Strategy [...]
IFS boss: We’re screwed with or without trade deals April 7, 2025 The director of the Institute for Fiscal Studies (IFS) has suggested the UK could be heading for a recession as a trade deal may not be enough to revive crumbling markets or prevent a slump in economic growth. Paul Johnson, who is set to leave the leading economics think tank in the summer, told Times [...]
More Brits ‘in financial strain’ as Trump frightens UK voters April 7, 2025 Nearly two in five UK voters are either cutting their spending or are unable to pay essential bills due to ‘financial strain’, according to the latest City AM/Freshwater Strategy poll, as President Trump’s tariffs are set to send Chancellor Reeves’ growth plans into disarray. The Chancellor said at her Spring Statement in March that Brits [...]
Voters’ economic gloom worsens as tariff fears bite April 7, 2025 UK voters are increasingly downbeat about the economy as President Trump’s tariff announcements have further dampened Brits’ confidence, according to the latest City AM/Freshwater Strategy poll. The global economy is still reeling from the President’s Rose Garden speech, where Trump announced sweeping tariffs on countries around the world, with markets nosediving across Asia and Europe [...]
Tariff response: slash red tape and lure the non-doms back April 7, 2025 Shadow Business Secretary Andrew Griffith on the five steps the government should now take A few years before he died, Henry Kissinger described Trump as “one of those figures in history who appears from time to time to mark the end of an era and to force it to give up its old pretences”. It [...]