FTSE 100 and Wall St sink as EU and Trump war of words heats up January 20, 2026 The war of words between the Trump administration and Europe ramped up on Tuesday as world leaders headed for a showdown in Davos whilst global markets sunk into the red. Ursula Von der Leyen, the president of the European Commission, said the tariffs imposed on European nations due to their staunch defence of Greenland’s sovereignty [...]
Trump blasts Starmer on Chagos deal in shock change of tune January 20, 2026 President Trump has attacked Keir Starmer for the UK’s giveaway of the Chagos Islands to Mauritius, even though he gave his blessing to the deal last year. In a new Truth Social post scolding the Prime Minister over the Chagos deal, which includes a shared US military base at Diego Garcia that will be leased [...]
Thousands more jobs lost as UK businesses hold off hiring January 20, 2026 Thousands more jobs have been lost across the UK, official data has shown, while wage growth also slowed down in further signs of a struggling labour market. The Office for National Statistics (ONS) has said that the number of employees on the payroll fell by 33,000 in November while an estimate for December said there [...]
Labour scraps Audit Reform Bill to ‘avoid’ costs on firms January 20, 2026 The Audit Reform and Corporate Governance Bill, added into Labour’s first King Speech, is now being scrapped to “avoid significant new costs to firms”. The reform was first raised in 2018 following the collapse of Carillon, but has been on and off the table ever since. The Bill was shelved by the previous government in November 2023 [...]
FTSE 100 Live: Stocks fall as Trump ramps up pressure; Unemployment at four-year high January 20, 2026 Good morning and welcome back to the Morning Wire liveblog. Thousands more Brits exited the jobs market in November as the estimated number of payrolled employees fell by 33,000. New figures from the Office for National Statistics (ONS) showed the UK unemployment rate for people aged 16 years and hit 5.1 per cent in September [...]
Starmer is right to play it cool with Trump January 20, 2026 There was a time, really not that long ago, when Davos concerned itself mostly with feel-good sessions on sustainability, inclusive growth, the promise of net zero and various other progressive causes. Who can forget Bono chatting away on stage with Rwanda’s president on the importance of transparency and good governance? Or 2020’s inspiring theme of [...]
Reeves to overhaul visa system for talented migrants in Davos pitch January 20, 2026 Chancellor Rachel Reeves is set to talk up new visa schemes aimed at highly-skilled migrants working in tech in a pitch to business leaders and top researchers gathered at Davos. Reeves is set to talk up the Labour government’s new immigration policies as she hopes to get the attention of some of the world’s richest [...]
Kemi Badenoch tells Tory MPs: Don’t damage us from within January 19, 2026 Tory leader Kemi Badenoch has warned backbenchers not to damage the party “from within” as she called a meeting of MPs on Monday afternoon to address defections to Reform UK. Last week, Robert Jenrick and Andrew Rosindell, the shadow minister for foreign affairs under Badenoch’s leadership, announced they had quit to join Nigel Farage’s Reform. [...]
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 [...]
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 [...]