3 d. ago Rachel Reeves says US trip about more than 'damage limitation' as she signals UK could lower import levies on American cars in bid for trade deal with Donald Trump

The Chancellor is in Washington for IMF meetings and talks with other G20 finance ministers to discuss the impact of the US president on global commerce.

Politics

3 d. 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

3 d. 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

3 d. ago Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

Asian shares are mostly higher, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve

Events

4 d. ago IMF forecasts three more Bank of England rate cuts this year

The International Monetary Fund has slashed its forecasts for the UK economy on the back of Donald Trump's trade tariff uncertainty warning the UK is likely to see an inflation spike

Politics

4 d. ago Trump warned US economic growth to be hit hardest by tariff trade war: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

4 d. 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 IMF chief cuts growth forecast over ‘off the charts’ trade uncertainty

Kristalina Georgieva warns that Donald Trump’s tariff ‘reboot’ threatens to raise prices and play havoc with markets

Politics

9 d. ago Temu and Shein warn of US price hikes from next week due to Trump tariffs

Shein says ‘operating expenses have gone up’ as both Chinese retailers also drop ad spending in USTwo of China’s largest fast fashion retailers, Temu and Shein, have warned US customers that they will face price hikes from next week, as Donald Trump’s hefty tariffs on Chinese imports come into force.Both companies will be hit by new import levies, which will mean taxes of up to 145% being applied to Chinese goods. They will also suffer from Trump’s cancellation of so-called “de minimus” exemption, under which shipments worth less than $800 (£600) could be imported duty-free. Continue reading...

Events

1 week ago UK officials label trade documents ‘secret’ to shield from US eyes amid Trump tariff war

Exclusive: civil servants beef up security rules for sensitive negotiating papers over fears posed by hostile US trade policyUK officials are tightening security when handling sensitive trade documents to prevent them from falling into US hands amid Donald Trump’s tariff war, the Guardian can reveal.In an indication of the strains on the “special relationship”, British civil servants have changed document-handling guidance, adding higher classifications to some trade negotiation documents in order to better shield them from American eyes, sources told the Guardian. Continue reading...

Politics

1 week ago British travel firm offering holidays to dangerous country despite official warning 'do not travel'

A war-torn nation which was once an area of operations where British soldiers served - a war in which 179 of them lost their lives - is now being touted as a tourist destination by a London-based firm.

Events

1 week ago Trump tariff war to slash North American exports by 13%, warns WTO

Ngozi Okonjo-Iweala says US-China trade conflict could ‘force countries to choose’ between the two

Events

1 week ago China says economy beat expectations to grow 5.4% ahead of Trump tariff war

Beijing expects Trump tariffs to put ‘certain pressures’ on its trade and economy

Politics

1 week ago UK inflation falls to 2.6%, increasing pressure on Bank to cut interest rates

March annual rate comes before expected rise because of household bills going up this monthBusiness live – latest updatesUK inflation dropped to 2.6% in March, increasing the pressure on Bank of England policymakers to cut interest rates next month.Prices growth was weak ahead of an expected rise in April as households begin to pay higher council tax and utility bills, as well as an uncertain outlook posed by Donald Trump’s tariff war. Continue reading...

Economics

1 week ago Trump’s tariffs are reckless – but they hold a key lesson for Democrats | David Sirota

There is a middle ground on tariffs. But Democrats’ free-trade advocacy allows Trump to play the populistTo tariff or not to tariff? Today’s tweet-length political discourse pretends this is a binary choice. Donald Trump has pitched across-the-board import levies as a panacea to rebuild American manufacturing, while Democrats insist the president’s proposals are an attempt to crash the economy, and that their party should tout its opposition to all tariffs.But neither the policy nor politics of this moment are that neat and simple. While too few or too many tariffs can destroy economies, there is a Goldilocks zone that’s just right. It’s just being omitted from the conversation. Continue reading...

Politics

1 week ago China warns on 'discrimination' against firm that owns British Steel as No10 says it is 'confident' raw materials can be secured to save Scunthorpe plant

Beijing urged the UK not to 'politicise' the situation amid a desperate scramble to keep furnaces running at the Scunthorpe plant.

Events

1 week ago Billionaire hedge fund leader warns US facing something ‘worse than a recession’

US ‘very close’ to a recession after weeks of Trump tariff instability, warns Ray Dalio

Events

1 week ago How YOU can invest like the legendary Warren Buffett: Of the world's 10 richest billionaires he's the only one who grew his fortune last week... here's how

As investors worldwide nursed huge losses in the wake of US President Trump's tariff wars last week, one escaped relatively unscathed.

Economics

1 week ago John Swinney wants Scotland's economic future to be 'resilient' after Trump tariff war

The SNP leader has called for a UK Government response to "reflect changing reality" amid concern over the impact of US trade tariffs and other factors.

Economics

1 week ago Donald Trump’s tariff trade war wipes over £11bn off Scottish pension funds

SUNDAY MAIL EXCLUSIVE: Scots retirement savings on frontline of US president's 'daft' trade war as experts confirm multi-billion pound hit.

Economics