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 Treasury plans to announce substantial spending cuts to realign public finances ahead of the Spring Statement. Escalating borrowing costs attributed to global economic conditions are driving these corrective measures. Changes will also target efficiency within the civil service, ultimately aiming to bolster the NHS and improve welfare provisions. Treasury…
Stock markets fall after US tariffs spark trade war fears Global stock markets have fallen following the start of US tariffs on goods entering the United States from Canada, China and Mexico. Trump has slapped 25% tariffs on imports from Canada and Mexico and 20% tariffs against China. Canada and…
UK and France aim for new Ukraine peace deal after White House fracas The FT reports that the UK and France have taken over peace talks following Zelensky’s bust-up with Donald Trump. The paper notes that there are calls for Europeans to put troops on the ground in Ukraine and…
The New Inheritocracy This week’s Economist reports that inheriting is becoming nearly as important as working. More wealth means more money for baby boomers to pass on. That is dangerous for capitalism and society. Catch up on all the business pages here
Trump’s threat of 25% tariffs on EU goods heightens fears over trade war The FT reports Donald Trump has threatened to slap 25 per cent tariffs on imports from the EU, as he lashed out at the bloc, saying it “was formed to screw the United States”. The remarks came…
