Reeves to say global trade should provide ‘security for working people’ April 24, 2025 Rachel Reeves will tell foreign finance ministers that global trade should provide “security for working people” as she prepares for talks with her US counterpart. The Chancellor is in Washington for the International Monetary Fund’s (IMF) spring meeting of finance ministers from the G7 and G20, and is due to sit down with US Treasury [...]
Andrew Bailey: Tariffs could push inflation down April 24, 2025 Bank of England Governor Andrew Bailey has suggested that President Trump’s tariffs will have a disinflationary effect on UK prices unless more retaliatory measures kick into effect. In an interview with CNBC, Bailey said tariffs would slow down UK growth whatever happens but added he would be “encouraged” by a UK trade deal with the [...]
Manufacturers accelerate job cuts as firms brace for ‘gloomy’ year April 24, 2025 Manufacturers are shedding staff at the fastest pace in more than four years, according to new data, as they wrestle with soaring energy bills and Chancellor Rachel Reeves’ tax hikes bite. The downturn in manufacturing output slightly eased in the quarter to April, a survey of hundreds of firms by the Confederation of British Industry [...]
Week in Business: Why a UK-US trade deal won’t save the British economy April 24, 2025 The Chancellor's emergency mercy mission to the US could pay off, but it won't be enough to reverse the damage she's already done to the UK economy.
Exclusive: Small businesses under-prepared amid restructuring push April 24, 2025 Small businesses in the UK are feeling under pressure as mounting threats of cyber-security and economic instability push them towards restructuring, Morning Wire can reveal. Less than one-third of British firms feel very equipped to deal with potential business challenges, according to data from financial and risk advisory firm Kroll. The survey of 350 senior [...]
Turnberry: Golf course owned by Donald Trump lands in hot water April 24, 2025 One of US President Donald Trump’s golf courses in Scotland has landed in hot water after failing to file a crucial document on time. The 800-acre Trump Turnberry was bought for £39.5m in June 2014 while the president stepped down as a director after first being elected in 2016 and gave control to a trust [...]
Dire economy needs lifesaving surgery, before it’s too late April 24, 2025 When Rachel Reeves became Chancellor last summer, the biggest issue facing her was the existence (disputed by the Tories) of a £22bn black hole in the public finances. The political pain of cutting the winter fuel allowance was deemed necessary to balance the books and give the new government a clean sheet of paper on [...]
Trump’s war on Harvard is the natural outcome of left-wing overreach April 24, 2025 Trump's war on Harvard puts academic freedom at risk, but it's the predictable right-wing overreaction to left-wing overreach, writes Lewis Liu.
The Fed shouldn’t hit back at Trump, just talk louder April 24, 2025 The problem with Trump’s “major loser” jibes at the Fed isn’t that they’re wrong (though they are), it’s that they’re being heard, says Tim Focas If you closed your eyes and listened to President Trump lambast Federal Reserve chair Jerome Powell, you might think you were watching this Sunday’s Wrestlemania, not a political announcement. “Major [...]
US trade talks: Rachel Reeves insists UK won’t be ‘relaxing’ food standards April 23, 2025 Rachel Reeves has insisted the UK won’t be “relaxing” its food standards in a bid to secure a trade deal with the US. The Chancellor, who is in Washington DC for the International Monetary Fund (IMF) spring meetings, spoke ahead of her expected talks with US Treasury secretary Scott Bessent. Asked whether the UK government [...]