Today’s business news – in the UK and beyond amid concerns about the world’s largest economy and the fall in the Asian, US and UK markets.
The chancellor is back on the front pages this morning ahead of a meeting with her American counterpart. Rachel Reeves is in the United States in hopes of securing a trade deal but has warned she will not rush it.
The IMF has significantly downgraded the UK’s growth forecast for this year to just 1.1%, citing the adverse impacts of the global trade war and rising inflation.