2 h. ago PM braces for Trump to drop the bomb: Starmer admits UK WON'T be spared tariffs as Chancellor warns of huge hit to stalling economy

Keir Starmer has acknowledged the 'likelihood' that Britain will face hugely damaging levies on exports to the US on the president's so-called 'Liberation Day'.

Events

1 week ago PM dodges over ANOTHER stealth tax raid on Brits as Labour struggles to balance books amid stalling economy

Keir Starmer dodged giving a commitment against extending the freeze on thresholds beyond 2028 as he was challenged at PMQs.

Economics

1 week ago Where else will the axe fall as the economy stalls? Rachel Reeves 'must still slash £10bn from spending' in Spring Statement next week despite Labour uproar at crackdown on benefits

Rachel Reeves' Spring Statement next Wednesday had originally been billed as a low-key update, after she vowed only to hold one Budget a year.

Economics

3 w. ago China’s retaliatory tariffs on US farm goods kick in, as trade war escalates – business live

Rolling coverage of the latest economic and financial newsChina’s stock markets have dropped today, as the double-whammy of trade war fears and deflation weighed on investors.The CSI 300 index dropped by 0.4%, while in Hong Kong the Hang Seng index slid by 1.8%.The week starts on a sharp negative note for the Chinese stocks, as the latest inflation update showed that consumer prices in China fell the most in more than a year .Overall, the week is expected to bring more tariffs the Chinese tariffs on US agricultural and some Canadian products will start today, while the US steel and aluminium tariffs will be live from Wednesday.Monday kicks off with the same old deflationary drumbeat as China’s consumer inflation took a deeper dive than expected, slipping below zero for the first time in over a year. The data only reinforces what’s been clear for months—deflationary pressures remain firmly entrenched in the world’s second-largest economy.The property sector remains stuck in the mud, ...

Economics

4 w. ago China's deflation dilemma signals bigger troubles ahead for its stalling economy

China is experiencing deflation, or falling prices, that contrasts with inflationary pressures prevailing elsewhere in the world. Cheaper prices can be a blessing for some, but deflation is a symptom of relatively weak demand and stalling economic growth

Events

4 w. ago Beijing's deflation dilemma: Falling prices signal bigger troubles ahead for China's economy

China's leaders are overseeing a spell of deflation, or falling prices, that contrasts with inflationary pressures prevailing elsewhere in the world

Economics