Barclays: Consumers plan to ‘buy British’ amid escalating trade war April 15, 2025 British consumers are planning to buy more UK-made products as two thirds of adults fear tumbling markets could lead to a deterioration in household finances, new research by Barclays has shown. President Donald Trump’s tariffs have dampened the UK’s economic outlook and put household finances under pressure. Consumers are now rapidly responding to the changes, [...]
How will Trump’s tariffs affect US earnings season? April 15, 2025 Trump's tariffs have thrown markets into chaos, but how will US earnings season be affected? Ian Whittaker lays it out in today's Notebook.
British Steel: No10 ‘confident’ it will secure materials to keep plant running April 14, 2025 The UK government is confident it will beat a race against time to keep the British Steel furnaces running after taking control of the plant from Chinese owners Jingye this weekend. Civil servants and steel workers were rushing to secure the raw materials to keep the Scunthorpe site’s furnaces going – which supply Network Rail [...]
Reynolds fails to confirm British Steel will get raw materials required April 13, 2025 The business secretary has declined to guarantee that British Steel will be able to secure enough raw materials in time to keep the Scunthorpe blast furnaces going. Jonathan Reynolds said he would not “make my situation or the nation’s situation more difficult” by commenting on specific commercial details, the day after taking emergency powers to [...]
MPs face choice on British Steel as ministers aim to ‘take back control’ April 12, 2025 MPs face a choice between “taking back control” of British Steel or seeing the end of primary steelmaking in the UK, the industry minister said ahead of a debate on emergency legislation. Both the Commons and the Lords will break from Easter recess for a highly unusual Saturday sitting to debate a bill aimed at [...]
Joy Of Spring to be Fownes’ Winning Charm at Sha Tin April 11, 2025 LOCAL racegoers in Hong Kong will be out in force forming long queues at the betting counters to support the Caspar Fownes-trained speedball Justifying, in the Nurturing Talent Handicap (9.40am) over five furlongs. The three-year-old son of Justify caught the public’s imagination when storming away from opposition at Sha Tin early last month, and expectations [...]
Healey warns against ‘forgetting about the war’ at Ukraine summit April 10, 2025 Allies of Ukraine should guard against “jeopardising the peace by forgetting about the war” amid plans for a peacekeeping force from 30 ‘coalition of the willing’ nations, John Healey has said. Proposals for that peacekeeping force in Ukraine are “real and substantial”, the defence secretary said, at the start of a further meeting of the [...]
Mark Kleinman: Trump tariffs spell doomsday for dealmakers April 10, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Trump tariffs spell doomsday for dealmakers Shock and awful. The primary consequences of President Donald Trump’s global tariffs blitz are becoming clearer by the day: inflation, a looming recession and a sweeping international protectionism which could [...]
Rachel Reeves calls in City bosses for crisis tariff talks April 9, 2025 Chancellor Rachel Reeves is set to meet with top City bosses today amidst the fallout of President Donald Trump’s tariff onslaught. Executives from Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G will attend the Chancellor’s summit, according to Sky News. The talks will cover the Treasury’s financial services growth and competitiveness strategy, sources [...]
Bank of England asks lenders about clients’ stability as Reeves brands system ‘resilient’ April 8, 2025 The Bank of England has asked lenders about their clients’ financial well-being after Trump’s tariff onslaught triggered chaos across financial markets. The central bank asked firms for information about market liquidity and whether any of their clients were having funding problems, according to the Financial Times. The Prudential Regulation Authority, which is responsible for the [...]