Reeves unveils £500m support for tariff-affected small businesses April 13, 2025 Chancellor Rachel Reeves has launched a £500m plan to smaller businesses affected by US president Donald Trump’s tariffs. Run by the British Business Bank, the Growth Guarantee Scheme will now provide additional lending capacity for firms that will need support with cashflow issues due to changes in tariffs. Lending up to £2m per business group, [...]
Trump, tariffs and GDP: How do you forecast uncertainty? April 12, 2025 The Office for Budget Responsibility (OBR), one of the UK’s central forecasters, prepared itself for President Trump’s tariff war – or at least partially. At a presentation after Chancellor Reeves’ Spring Statement, OBR chair Richard Hughes admitted the fiscal watchdog’s central forecast risked being completely undermined by global events. Hughes came up with three possible [...]
UK growth in February smashes low expectations April 11, 2025 The UK economy grew by 0.5 per cent in February, official data has shown, beating forecasters’ expectations by a wide margin. A Bloomberg poll of economists predicted growth to come in at 0.1 per cent for the month. UK GDP grew 0.6 per cent in the three months to February, the Office for National Statistics [...]
Layoffs creating bigger pool of jobseekers, recruiters say April 11, 2025 More people were added to the large pool of jobseekers in March than at any point since the pandemic, according to recruiters, as high levels of redundancies are driving a “steeper rise” in staff availability. Employers have come under greater strain in the months since Chancellor Rachel Reeves’ announced a £25bn national insurance tax raid [...]
When it comes to women’s safety, Sadiq Khan cares only for optics April 11, 2025 Women are done with platitudes, Sadiq Khan must make London safer if he is to prove he cares about women's safety, writes Aaron Newbury.
Can AI do it better? Why Starmer is right to reimagine the civil service April 11, 2025 What proportion of the civil service's workload could AI handle today? Starmer could revolutionise Whitehall if he's brave enough.
BMW M5 2025 review: The hybrid super saloon with V8 muscle April 10, 2025 I was there, and 1984 was nowhere near as terrible as George Orwell would have you believe. Ghostbusters and The Goonies ruled the box office, Prince released Purple Rain, and Frankie Goes To Hollywood topped the chart with Relax, then again with Two Tribes. In Munich, meanwhile, BMW pulled the wraps off the world’s first [...]
Cabinet Office to shed 2,100 jobs as government shrinks civil service April 10, 2025 The Cabinet Office will lose almost a third of its staff as Labour seeks to shrink the civil service, the government has announced. Around 1,200 jobs will go through redundancies and leavers not being replaced under plans unveiled to civil servants on Thursday, with another 900 transferred to other departments. The 2,100 job cuts represent [...]
Market crash is yet to come despite tariff pause, says City veteran April 10, 2025 A City veteran has warned that despite an apparent respite from a 90-day pause on US tariffs, markets should prepare for a significant correction in the coming days. “I don’t think its impossible that we walk in tomorrow and the market is off in the US 15 or 20 per cent, honestly I think that’s [...]
Westminster’s Everythingism problem: Why trying to solve everything all at once has ruined politics April 10, 2025 The belief that every policy can be used to deliver every other policy is rife in Westminster, and it's costing us real progress, writes Joe Hill.