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UK spared tariff hike – Chancellor to announce £15bn transport investment

News Briefing

Good morning! ☕ Let’s grab a coffee and dive into the headlines for Wednesday, 4th June 2025. After weeks of glorious sunshine, the grey skies have returned. A touch of morning rain is on the way – so don’t forget your brolly if you’re heading out.
Oh no!! Tariffs are back in the headlines, as Donald Trump’s hike on metals comes into effect. The UK has been temporarily spared the hike with the rate for the UK still at 25%.

Chancellor Rachel Reeves is set to announce a £15 billion investment package for transport aimed at boosting infrastructure across the North, Midlands and West Country.

Rachel Reeves to announce £15bn for transport projects

Business

Chancellor Rachel Reeves is set to unveil a £15.6bn transport investment package aimed at boosting infrastructure across the North, Midlands and West Country. The cash will fund tram, train and bus improvements, including major projects in Greater Manchester, West Yorkshire, and the West Midlands.