7 h. ago Warning issued as wage figures revealed ahead of Bank of England interest rates decision

Economists are warning about unemployment levels after new data shows availability of jobs has worsened despite wages increasing

Events

13 h. ago Bank note maker De La Rue sold to US private equity in £263m deal

The company’s shares have been listed in London since 1947

Economics

5 d. ago Trump claims TikTok deal still on the table as China tariffs threaten to derail agreement

Trump announced a 90-day pause on all reciprocal tariffs this week, except for those placed on China

Economics

5 d. ago Robot rogue traders could rule world and make bankers even richer, experts warn

Artificial intelligence programs could manipulate markets by creating intentional crises in order to boost profits, according to new information from the Bank of England

Events

5 d. ago Trump tariffs likely to hit UK growth, warns Bank of England policymaker

Deputy governor for financial stability Sarah Breeden added that it is ‘not clear-cut’ what effect the new trade policy will have on inflation.

Events

5 d. ago Bank of England issues warning after Donald Trump tariff announcement

The American president has announced a series of new and higher tariffs on all imports to the US

Events

5 d. 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

6 d. ago China retaliates with 84% tariffs as Trump says ‘great time to move companies to the US’ – business live

Stock markets down in UK and across Europe after steep declines in Asia, while turmoil spreads to bond market China announces 84% tariffs on all US goods in response to Trump’s 104%Bank of England warns Trump tariffs threaten global growth and raise risk of ‘severe shocks’Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners. Continue reading...

Politics

6 d. 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

6 d. ago Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England

Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warnsTrump imposes new tariffs on dozens of partnersDramatic sell-off of US government bondsBusiness live – latest updatesDonald Trump’s sweeping tariffs have put global growth at risk, the Bank of England has warned, heaping pressure on government finances and increasing the likelihood of “severe shocks” to the financial system.The Bank’s financial policy committee (FPC) said its global risk environment had deteriorated and “uncertainty had intensified” since its last update in November, with US tariff announcements contributing to a “material increase in risks to global growth” and inflation levels. Continue reading...

Events

6 d. ago Mortgage rates fall in 'silver lining' for borrowers after Donald Trump tariffs

The reductions are down to interest rate swaps – which move in line with expected changes to the Bank of England base rate – having dropped since President Trump announced his tariffs

Politics

7 d. ago Will interest rates be affected by Trump tariffs and when is the next Bank of England review?

The Monetary Policy Committee lowered rates to 4.5 per cent in February but experts believe they could go below four per cent this year

Politics

7 d. ago Trump Tariffs threaten 35,000 jobs, entire towns in South Africa's citrus sector, farmers group says

A farmers group says the new 30% tariffs set to be imposed on South Africa by the Trump administration will threaten 35,000 jobs in the country’s citrus-growing sector and the economies of entire towns

Politics

7 d. ago Liz Truss blames Mark Carney for causing economic meltdown ‘on her watch’

Former PM said Mark Carney did a ‘terrible job’ as Bank of England governor and created the problems which sparked her downfall

Economics

7 d. ago Volatility grips global stock markets as Trump insists on tariff ‘medicine’

Wall Street swings in and out of red as turmoil from US president’s assault on world trade enters second weekTrump threatens additional 50% tariffs on China over retaliatory leviesWhich Trump-backing billionaires have lost the most?Extreme volatility plagued global stock markets on Monday, with Wall Street swinging in and out of the red as Donald Trump defied stark warnings that his global trade assault will wreak widespread economic damage, comparing new US tariffs to medicine.A renewed sell-off began in Asia, before hitting European equities and reaching the US. It was briefly reversed amid hopes of a reprieve, only for Trump to threaten China with more steep tariffs, intensifying pressure on the market. Continue reading...

Politics

8 d. ago Andrew Bailey given top financial stability role as tariffs create turmoil

Bank of England governor set to serve three-year term at Financial Stability Board from July

Economics

1 week ago Trump tariffs threaten havoc for companies with Asia supply chains

Shares in tech groups and retailers hit as ties to China and other supplier nations face turmoil

Politics

1 week ago Spain’s Rioja wine cellars are overflowing. Trump’s tariffs threaten to make that worse

The U.S. is the second largest export market for Rioja wines after Britain

Politics

1 week ago Trump's 25% tariffs on US car imports could threaten 25,000 UK jobs, think tank warns

The Institute for Public Policy Research said the US President's levies on UK-made cars entering the US would put 'extreme pressure' on Britain's car makers'.

Events

1 week ago Donald Trump's crippling 'Liberation Day' tariffs threaten crisis for Rachel Reeves with Chancellor's headroom to be wiped out just one week after cuts

Rachel Reeves will face a fresh crisis today as Donald Trump unleashes a fresh barrage of crippling tariffs.

Events