48 h. ago New tax rises warning as UK borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March - equal to £95,300 per household

Events

49 h. ago New tax rises warning as borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March, says the ONS

Events

63 h. ago The Guardian view on the IMF’s warning: Donald Trump could cost the world a trillion dollars | Editorial

The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaosWake up! When the most sober of global institutions, the International Monetary Fund, abandons its usual technocratic calm to sound the alarm on the political roots of global financial instability, it’s time to pay attention. The IMF is warning of a non-negligible risk of a $1tn hit to global output, as Donald Trump’s erratic “America first” agenda – part oligarchic enrichment scheme, part mobster shakedown – collides with a perfect storm of global financial vulnerabilities.Such a shock would be equivalent to a third of that experienced in the 2008 crisis. But it would be felt in a much more fragile and politically charged environment. This time, the crisis stems not just from markets but from the politics at the heart of the dollar system. The IMF’s latest Global Financial Stability Report sees the danger in Mr Trump’s trade ...

Events

67 h. ago Fallout from Donald Trump's tariffs to hit UK economy harder than Europe

The downgraded forecasts make it more likely that Labour Chancellor Rachel Reeves will have to make further cuts or hike taxes in her autumn budget.

Politics

68 h. ago Britain's growth outlook is slashed 0.5% by IMF in fresh blow to Rachel Reeves as she jets off to Washington for crunch talks as Trump's tariff war tests 'resilience of global economy'

Britain's growth outlook has been downgraded by the International Monetary Fund in a fresh blow for Labour - as Donald Trump's tariff wars deliver a severe hit to the global economy.

Politics

9 d. ago Nvidia expects to take $5.5bn hit as US tightens AI chip export rules to China

Shares plunge as firm says H20 chip, designed for Chinese market to comply with controls, will now need special licenceNvidia has said it expects a $5.5bn (£4.1bn) hit after Donald Trump’s administration barred the chip designer from selling crucial artificial intelligence chips in China, sending shares in one of the US’s most valuable companies plunging in after-hours trading.The company said in an official filing late on Tuesday that its H20 AI chip, which was designed specifically for the Chinese market to comply with export controls, would now require a special licence to sell there for the “indefinite future”. Continue reading...

Events

1 week ago Trump and cabinet tear into CNN journalist Kaitlan Collins in Oval Office showdown

Donald Trump and his cabinet hit out at a CNN journalist during a tense Oval Office showdown after she asked about a man mistakenly deported to El Salvador.

Politics

1 week ago Sony announces PlayStation 5 price to rise due to 'challenging economic environment'

It comes after the global stock market has taken a hit following new tariffs introduced by Donald Trump

Economics

1 week ago The Chinese goods Americans most rely on, from microwaves to Barbies

Donald Trump’s tariffs will hit millions of video game consoles, electric fans and toys shipped to the US from China

Politics

1 week ago Gold enjoys best week in five years as investors rush to safety

Even US Treasuries take a hit as Donald Trump’s tariff blitz shakes confidence in American assets

Economics

1 week ago WARREN SHUTE: 'Don’t hit panic button just yet over Donald Trump tariffs'

Donald Trump has sparked a turbulent week for global stocks, but here is why financial planner Warren Shute says you shouldn't jump into impulsive decisions on your finances

Events

2 w. ago China hits out at 'threats and coercion' over Donald Trump's 104% tariffs

China's government has shared a white paper on the country's popular Weibo platform, spelling out the context of the trade war after President Donald Trump hit the country with record-high tariffs

Events

2 w. ago Loch Ness Monster hunter refuses to sell souvenirs to US tourists over Trump trade war

One brave Loch Ness Monster business owner has hit back at Donald Trump after the US President launched a wave of shocking tariffs - sparking fears of a recession in countries across the globe

Politics

2 w. ago Rachel Reeves speaks on whether tax rises will hit workers after Donald Trump tariffs announcement

The UK Chancellor was forced to make unpopular cuts to the welfare bill after the country's growth forecasts were downgraded.

Economics

2 w. ago Googlebox stars leave fans divided as they hit out at Donald Trump's 'threatening' antics

Gogglebox stars gave their verdict on controversial President Trump who in recent days has left world leaders on the edge of their seats as fans were left divided

Events

2 w. ago China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-offBusiness live – latest updatesUS politics live – latest updatesChina has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US – mirroring the US decision and exacerbating a sell-off on global stock markets. Continue reading...

Politics

3 w. ago How Donald Trump's tariffs and a trade war will hit British business and YOU

We explain what the tariffs mean, what the impact could be on British businesses and consumers and what they mean for you.

Events

3 w. ago How Donald Trump's tariffs and a trade war will hit YOU... and echo around the world as map shows Britain's business links with the US

The US President announced that all imports into the US will be subject to a minimum tariff of 10 per cent.

Events

3 w. ago Donald Trump's tariffs hit major brands including Nike and H&M

Major brands have been feeling the impact of Donald Trump's newly announced 'Liberation Day' tariffs, with Nike, Adidas and Puma among the big names to suffer huge losses already

Politics

3 w. ago The five parts of Wales' economy set to be hit hardest by Donald Trump's tariffs on goods going into the USA

President Donald Trump's "liberation day" tariffs could have a huge impact on industries in the UK and Wales

Politics