50 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

57 h. ago China shrugs off threat of US tariffs to economy, says it has tools to protect jobs

China's leaders have shrugged off the potential impact from U.S. President Donald Trump's trade war, saying they have the tools needed to protect jobs and limit damage from higher tariffs on Chinese exports

Economics

1 week ago Gold standard! A bar is £1million for first time after investors raced to purchase the precious metal to protect their savings from the impact of Donald Trump's trade war

The precious metal has been in high demand among investors trying to protect their savings from the impact of Donald Trump's trade war.

Economics

1 week ago International aid fell in 2024 for first time in five years – and is expected to get worse

Foreign aid spending by 24 countries, including the US, UK and European Union, fell by more than $15bn last year – before the impact of huge cuts by Donald Trump have taken effect. Nick Ferris reports

Politics

2 w. ago Trump's China tariffs swing a sledgehammer at importers and cheap goods

U.S. importers are bracing for the impact of President Donald Trump's staggering 145% levy on Chinese imports

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 Britain is warned NO special deals: Strong words from the White House as Keir Starmer says he is 'very pleased' at Trump's 90

The Prime Minister has repeatedly stressed that Britain is uniquely placed to strike an economic agreement that could soften the impact of Donald Trump's global levies war.

Events

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

3 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

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 Waterstones pauses book shipments to the US due to impact of Donald Trump's tariffs as some fans fear they will be left without orders

The UK book retailer said it could not accept or ship orders to the US following President Donald Trump confirming a 10 per cent levy on imported products from Britain.

Politics

3 w. ago As markets implode, US trading partners puzzle over whether there's room for negotiations

The impact from U.S. President Donald Trump's blast of tariff hikes is reverberating across world markets as America's trading partners puzzle over whether there is room for negotiating better deals

Politics

3 w. ago Scots businesses 'braced' for impact of Donald Trump tariffs with firms taking 'urgent' measures

The US market is worth about £971million to the Scotch whisky industry, while salmon is worth £225million in exports.

Economics

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 What does the UK trade with the US and how will the tariffs impact that?

The latest tariffs from the Trump administration have sent shockwaves across the world

Politics

3 w. ago What do Donald Trump US tariffs mean for Scotland? Scotch whisky, salmon, economy impact

US president Donald Trump announced the tariffs on Wednesday evening

Politics

3 w. ago Liberation Day for Trump as he ‘drops nuclear bomb on the global trading system’

US president unleashes a blitz of tariffs — but the UK gets off relatively lightly

Events