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CITY AM says Further tax rises or spending cuts look increasingly likely after the latest borrowing figures, but there were a few silver linings for the Chancellor.

DONALD TRUMP’S critics have often accused him of buffoonery and isolationism. Yet even before taking office on January 20th he has shown how much those words fall short of what his second term is likely to bring.

Sir Keir Starmer, Britain’s prime minister, said he could strike a trade deal with Donald Trump and avoid punitive tariffs on the UK as he dismissed as “noises off” Elon Musk’s strident criticism of his leadership.