-
Tariff fears are delaying Bank of England action. Governor Andrew Bailey warned that global trade uncertainty is paralysing investment, making it harder to cut interest rates without deepening the slowdown. The Bank now faces a slower, cautious path to easing.
-
Canada suspends its digital services tax to revive US talks. The tax aimed at US tech giants faced criticism from President Trump, who halted negotiations and threatened tariffs. Talks are set to resume, targeting a new trade deal by 21 July.
-
UK introduces new steel safeguard measures from July 2025. The UK government has announced strengthened steel import safeguards, reducing quota liberalisation and implementing caps to protect domestic producers from redirected foreign imports in response to US tariffs.
-
The UK set to lose more millionaires than any country. A report indicates 16,500 millionaires will exit Britain by 2025. This trend highlights concerns over the UK’s economic competitiveness and tax environment, potentially impacting the nation’s wealth retention and economic health.
-
UK executives face record stress levels. New Icertis research shows tariffs, regulatory shifts, and the scramble to keep pace with AI are placing UK C-suites under mounting pressure — with nearly 90% expecting tariffs to dent the bottom line, and four in five struggling to assess AI investment impact.
-
UK and India agree major trade deal. The agreement will cut tariffs, boost trade by £25.5bn, and open up key sectors. Ministers say the deal will benefit whisky, cars, and services — though ratification and investment talks are still ongoing.
-
UK supply chain at risk amid subsidy standoff.
-
Tariff truce brings clarity for cars — but steel still hangs in the balance.
-
Eighth interest rate cut in 12 months sees deposit rate fall to 2% as eurozone braces for U.S. duties.
-
In a frantic 24 hour period, US legal chaos and policy improvisation found global supply chains caught in the crossfire.