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July 19, 2025

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Economic policy

Rachel Reeves dashes hopes of early breakthrough in UK-US trade deal

Chancellor says UK is ‘not going to rush a deal’ and rejects new US demands on agricultural productsMarkets rise as Trump backtracks on China tariffs Reeves looks at ending zero tax regime for cheap importsRachel Reeves has dashed hopes of an early bre…

April 23, 2025
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Travel body accuses government of ‘sabotaging’ UK tourism industry

WTTC says 5.3% decline in tourist spend suggests policies such as increased air passenger duty have had impactThe government has been accused of “sabotaging” the UK’s tourism industry, after figures showed international visitors spent more than £2bn le…

April 22, 2025
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Reeves to make case for trade deal in first meeting with US treasury secretary

Chancellor will push for deal that protects British car, steel and pharmaceutical industries amid tariff uncertaintyRachel Reeves will fly to Washington next week to meet her American counterpart for the first time, as the British government looks to i…

April 18, 2025
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As Labour frustration grows, could OBR forecasts be cut to once a year?

Figures in No 10 feel the Office for Budget Responsibility’s twice-yearly reports undermine Rachel Reeves’ plan to scrap the spring statementWhen Labour was riding high in opposition, the Office for Budget Responsibility was a near sacrosanct instituti…

April 18, 2025
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Trump says Fed chair would resign if asked and condemns him over interest rates

President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyDonald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish f…

April 17, 2025
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Reeves says inflation fall shows ‘plan for change is working’ – UK politics live

Chancellor says wages are growing faster than prices but acknowledges many are still struggling with the cost of livingA government minister has reiterated the call for the Unite union to accept a deal and end the bin strike in Birmingham.Speaking on G…

April 16, 2025
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Data shows little sign that tax increase on employers is leading to mass layoffs | Heather Stewart

No dramatic shakeout so far, but jobs data may yet look like a snapshot of the calm before the storm of Trump’s tariffsNumber of payrolled workers in UK fell by 78,000 ahead of budget tax riseThe UK jobs market continues to cool but Rachel Reeves will …

April 15, 2025
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Number of payrolled workers in UK fell by 78,000 ahead of budget tax rise

Wages rise 5.9% in three months to February, while unemployment unchanged at 4.4%Business live – latest updatesThe number of workers on UK company payrolls has fallen at the fastest pace since the height of the Covid pandemic amid mounting global uncer…

April 15, 2025
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UK business confidence falls to lowest level in over two years, survey shows

Accountants’ institute says first quarter of 2025 was ‘harrowing’ for companies amid tax rises and US tariffsUK business confidence has fallen to the lowest level for more than two years amid growing concern over tax rises and Donald Trump’s escalating…

April 15, 2025
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Rachel Reeves calls for global free trade fightback to protect UK economy

New measures announced to help tariff-hit British firms amid ambitious plans to foster closer ties with EUThe chancellor, Rachel Reeves, has set out the case for far-reaching changes to global trade and economic agreements, admitting that Donald Trump’…

April 12, 2025
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