Downing Street scrambles as 10% duties remain on British goods while PM backtracks on military spending promises needed to keep America onside EXCLUSIVE: Donald Trump’s erratic tariff policies have cast fresh …
Economy
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Economy
BRITAIN FACES £30 BILLION BOMBSHELL: NATO to force UK into massive defence spending hike to keep Trump onside
by Darren SmithStarmer set to be strongarmed into 3.5% defence budget plus extra 1.5% for spies and infrastructure at crucial summit this month Britain will be forced to commit to a massive …
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Economy
World Economy Faces BLEAKEST Outlook Since Covid Crash as Trump Trade War Sparks Global Meltdown
by Tara WhitmanOECD slashes growth forecasts to pandemic-era lows as tariff chaos grips major economies – with US set to be hit HARDEST The global economy is heading for its worst performance …
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Economy
PM announces biggest defence spending boost since Cold War – but slashes foreign aid and leaves taxpayers facing the bill for Britain’s military makeover
by James CarterMilitary chiefs warn Britain must prepare for conflict within three years as PM scrambles to find billions for defence Keir Starmer is facing mounting pressure to hike taxes on hardworking …
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NFU seizes on Starmer’s Winter Fuel climbdown to push for ‘deeply unjust’ inheritance tax reversal as elderly farmers fear becoming ‘burden’ on families British farmers have issued an urgent plea …
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Economy
TRUMP’S STEEL BOMBSHELL: President doubles tariffs to 50% in ‘major announcement’ as global trade war escalates
by James CarterEurope threatens retaliation and Canada slams ‘economic self-harm’ as Trump promises to ‘secure’ US steel industry with dramatic Pittsburgh rally announcement US to double tariffs on steel and aluminium imports …
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Economy
Britain’s biggest retailer trials 10pm closures at Express stores after Chancellor’s punishing National Insurance hike forces desperate cost-cutting measures
by Darren SmithTesco is trialling shorter opening hours at some Express stores, closing at 10pm rather than 11pm, after being hammered by a £235million rise in staff costs from Rachel Reeves’s devastating …
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Economy
Rachel Reeves Could Axe 50,000 Civil Service Jobs in Spending Review Squeeze
by Tara WhitmanChancellor Rachel Reeves is preparing to slash up to 50,000 civil service jobs as part of a major Whitehall shake-up aimed at shrinking the size of the state, according to …
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Economy
Trump Wipes $1 Billion Off Russian Markets After Calling Putin ‘Crazy’ and Threatening New Sanctions
by James CarterDonald Trump sent Russian markets into freefall yesterday after launching an unexpected verbal assault on Vladimir Putin, calling the Russian leader “absolutely crazy” and threatening fresh sanctions over Moscow’s escalating …
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Economy
Pension Tax Shock: 1.3 Million Hit With Surprise Bills as Reeves Keeps Controversial Threshold Freeze
by Darren SmithMore than 1.3 million pensioners have been landed with unexpected tax bills in a record-breaking year for HMRC’s “simple assessments” – with experts warning millions more are “sleepwalking” into the …