4 d. ago Reeves signals UK could lower tariffs on US car imports in bid to secure Trump trade deal

The chancellor is in Washington DC as pressure mounts over dire IMF predictions about the UK economy if Trump goes ahead with his tariffs

Economics

4 d. ago Reeves claims she ‘absolutely’ trusts Trump but is in ‘no rush’ to do trade deal with him

The chancellor is in Washington DC as pressure mounts over dire IMF predictions about the UK economy if Trump goes ahead with his tariffs

Politics

4 d. ago Rachel Reeves is besieged on all sides and needs a dramatic intervention to save UK economy

As Rachel Reeves prepares for a career defining speech in Washington DC, political editor David Maddox looks at the competing forces turning her dreams of economic growth into a nightmare

Events

4 d. ago UK government borrowing spikes as Rachel Reeves scrambles to strike US trade deal to dodge Trump tariffs and revive economy in Washington TODAY

Chancellor Rachel Reeves has vowed to 'defend Britain's interests' as she prepares for talks with American counterpart Scott Bessant during the three-day IMF summit.

Economics

5 d. ago UK government borrowing exceeds expectations in last fiscal year

Figures deal blow to chancellor as Trump tariffs hit economy

Politics

5 d. ago Rachel Reeves warned she can't just blame Donald Trump's tariffs for faltering economy as IMF slashes its growth forecast for Britain

In a brutal verdict on Labour's economic record, it said domestic factors had played the 'biggest role' in its decision to downgrade its UK growth forecast.

Events

5 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

5 d. ago IMF chops UK growth forecast as Trump tariffs hit global economy

IMF chops UK growth forecast as Trump tariffs hit global economy  Reuters

Politics

5 d. 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

5 d. ago Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Events

5 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

6 d. ago Recession ‘absolutely’ will happen if Trump’s tariffs remain, top financial expert says

‘We will have bankruptcies of retailers of very significant magnitudes if this is allowed to continue,’ Torsten Slok says

Economics

1 week ago Fears of the economy tanking are now higher than they were at the height of the Covid pandemic

Dismal fund manager sentiment comes as Federal Reserve warns of increased inflation and slowing growth due to tariffs

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 Trump launches a queasy market on a wild tariff rollercoaster ride

Analysis: Trump’s constant tariff changes are keeping the world and economy off balance, warns Eric Garcia

Politics

1 week ago Trump launches queasy market on a wild tariff rollercoaster ride

Analysis: Trump’s constant tariff changes are keeping the world and economy off balance, warns Eric Garcia

Politics

2 w. ago No retreat on tariffs, Trump promised. Hours later, he blinked

As the economic and political pressure became unbearable, the US president changed course – but has the damage been done?He vowed: “My policies will never change.” He insisted: “Sometimes you have to take medicine to fix something.” He boasted: “I know what I’m doing.” And at 9.33am on Wednesday, he entreated: “BE COOL. Everything is going to work out well.”But less than four hours later, Donald Trump blinked. As the economic and political pressure became unbearable, the US president announced on social media that he would pause for 90 days higher trade tariffs for most countries, excluding China. Continue reading...

Politics

2 w. ago Trump’s tariff mess raises the danger of a US default | Lloyd Green

The US could breach the debt ceiling even sooner than predicted without action from Republicans“Trump backs down on tariffs, again. And it doesn’t look strategic,” a headline blared on Wednesday afternoon.At the end of trading, equities had recovered a portion of their losses. But plenty of damage had been done. Markets were thrown into turmoil, interest rates jumped and business activity took a hit. Beyond that, the possibility of a recession grew – and the possibility of a default by the US inched up to 6%, according to prediction markets. Continue reading...

Politics

2 w. ago Dealmaking genius or boy who cried wolf? Trump’s trade retreat sows doubts

Nothing is certain under this president – as seen in the inconsistent implementation of tariffs. And it has a longer-term economic costMinutes after Donald Trump unveiled a climbdown on tariffs, softening an extraordinary US attack on trade from much of the world, his press secretary scolded reporters at the White House.“Many of you in the media clearly missed The Art of the Deal,” said Karoline Leavitt, referring to the 1987 bestseller which laid the foundations of the president’s reputation as a consummate dealmaker. Continue reading...

Politics

2 w. ago Trump is ‘making it up as he goes,’ hurting US and allies, charges Wall Street Journal

Whose side is he on, wonders editorial

Politics