9 h. ago UK growth forecasts nearly HALVED for next year as hopes of US trade deal to avoid Trump's tariffs are thrown into doubt

The EY Item Club has slashed predictions for this year and next amid alarm at the impact of Donald Trump's tariffs.

Economics

21 h. ago Grocery giant sounds major warning on price hikes that will impact all Americans after Trump's tariffs

One of North America's largest supermarket chains has bluntly told its suppliers they will not accept increased prices related to Trump-imposed tariffs.

Events

5 d. ago UK business output slumps in first sign of impact of Trump tariff chaos

Closely watched PMI Index points to falling output amid plummeting confidence

Politics

6 d. ago Gloomy economic forecast piles pressure on Reeves to secure trade deal with Trump

IMF downgrade lays bare the impact of Trump’s tariffs, with experts warning there could be more pain to come unless chancellor can secure a US-UK trade deal, as Kate Devlin reports

Economics

1 week ago One of UK’s largest companies sees £2bn wiped off shares through Trump tariffs impact

The UK distributor supplies companies around the world with everyday goods such as food packaging, equipment and protective wear

Economics

1 week ago Could Trump’s tariffs push cash ISA rates higher for UK savers?

With Cash ISAs relying on the Bank of England’s base rate of interest for their saving returns, could the inflationary impact of Trump’s tariffs lead to better opportunities?

Politics

2 w. ago UK economy far exceeds forecasts to grow 0.5% in boost to Rachel Reeves

February GDP rise bigger than forecast but impact from Donald Trump’s tariff war yet to comeBusiness live – latest updatesThe UK economy unexpectedly expanded by 0.5% in February, figures show, in a boost for Rachel Reeves before an expected downturn triggered by Donald Trump’s tariff war.Reversing a modest fall in January of 0.1%, the increase in gross domestic product in February was five times larger than the 0.1% growth that a poll of City economists had forecast. Continue reading...

Politics

2 w. ago Trump has slowed his global tariff plan. Here’s what happens next and the impact on your wallet

The president caught the world – and most of his administration – off guard with his sudden announcement that he was pausing tariffs

Politics

2 w. ago F1 team issues statement as Donald Trump's US tariffs prompt changes

Donald Trump's tariff announcements and their economic impact are being felt in all sectors and have prompted a statement from one Formula 1 team after their parent company's announcement

Politics

2 w. ago Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond

We examine potential consequences of US president’s market chaos, which could reach every corner of global finance and economyDonald Trump may have stepped back from his huge tariff rises on every country, except China, which now faces 125%, but the impact of the market chaos is likely to continue in the UK and beyond. The rest of the world still faces a blanket 10% tariff on all US exports.While much of the focus has been the direct impact of the tariffs on physical goods, Trump’s actions threaten to reach every corner of global finance and the economy. Continue reading...

Politics

2 w. ago Trump says pharmaceutical tariffs are coming ‘very shortly.’ How will this impact the price of drugs?

‘We're going to be announcing very shortly a major tariff on pharmaceuticals. And when they hear that, they will leave China,’ president says at Republican fundraiser

Politics

2 w. ago Conservative CDU/CSU and SPD form coalition government in Germany

Two of the country’s biggest parties freeze out right-wing AfD and prepare for impact of Trump’s new tariffsGermany’s biggest mainstream parties have sealed an agreement to form a government keeping the far right out of power, as Europe’s top economy struggles to reverse a downturn and gird itself for the potentially catastrophic impact of new US tariffs.The prospective chancellor Friedrich Merz’s conservative CDU/CSU announced the breakthrough deal with the centre-left Social Democrats (SPD), which had led the ruling coalition since 2021. Continue reading...

Politics

2 w. ago Bank of England issues warning of 'severe impact' of Donald Trump tariffs as it issues response

The central bank's Financial Policy Committee (FPC) has warned that the global tariffs imposed on trade could severely rock the UK's financial stability, which could have wider negative effects on the UK economy

Events

2 w. ago Rachel Reeves warns of 'profound' impact from Trump tariffs as UK markets finally calm

The Chancellor told MPs she would be meeting her US counterpart, treasury secretary Scott Bessent 'shortly' to discuss the impact of the president's protectionism.

Events

2 w. ago Trump tariffs will have little impact on London's services based economy says report

Only 3% of London exports are goods heading for the newly protectionist US

Politics

3 w. ago Keir Starmer's dire warning over Donald Trump economic chaos

Keir Starmer told Jaguar Land Rover workers in Birmingham that Donald Trump's tariffs were bad news and would have a 'profound' impact across the globe - but vowed to back British workers 'to the hilt'

Events

3 w. ago Petrol car ban date confirmed by Keir Starmer amid Donald Trump tariff fallout

The Prime Minister backed the British car industry on Monday as he warned Donald Trump's tariffs will have a 'profound' impact on the global economy

Politics

3 w. ago Keir Starmer confirms when petrol, diesel and hybrid cars will be banned in major speech

Keir Starmer eased rules around new hybrid cars as he warned Donald Trump's tariffs will have a 'profound' impact on the global economy as markets tumbled across the world

Events

3 w. ago UK company considers moving some production to US to reduce tariff impact

The company said it has ‘a number of options open to it to mitigate impact’ of Donald Trump’s tariffs

Politics

3 w. ago How Trump's tariffs will impact crypto: From Bitcoin to Ethereum, world

There are fears that the huge tariffs imposed on America's trading partners, will mean firms will find it harder to do business abroad and the fall in trade will lead to global economic recessions.

Politics