US elections: ‘Steep challenges’ for trade as UK exports could fall by £22bn Politics Trade experts have warned Donald Trump’s proposed tariffs could pose “steep challenges” for the UK’s trade, with exports at risk of falling by £22bn. Ahead of his victory in the US election, Trump said he wants to increase tariffs on goods imported from around the world by 10 per cent, rising to 60 per cent [...]
Labour must get Trump relationship right to avoid tariff chaos, Stride warns Politics Shadow Chancellor Mel Stride has said that it is essential for the Labour government to develop a good relationship with Donald Trump in a bid to avoid the damaging impact of any potential trade tariffs. The incoming US president has said he may put tariffs of 10 to 20 per cent on countries such as [...]
Senior minister ‘disappointed but not surprised’ at Duffield resignation Politics A senior cabinet minister has said he is “disappointed” but “not surprised” at Rosie Duffield’s resignation from the Labour Party. The Canterbury MP’s decision to resign and sit as an independent had been coming “for quite a long time”, Pat McFadden told the BBC’s Sunday with Laura Kuenssberg show. Duffield announced she was resigning the [...]
UK approves Chinese-backed megabattery project after national security review September 1, 2024 The British government has approved a major battery storage facility in the UK, which is backed by a joint venture involving US investment giant Blackrock and KX Power, a UK-registered asset manager with ties to Chinese investors. The UK launched a national security review of the proposed 80-megawatt project, led by former Chinese diplomat Zhe Zhang, [...]
UK minister urges de-escalation after Israel and Hezbollah exchange fire August 25, 2024 A major war in the Middle East is “a real danger”, a cabinet minister has warned following an escalation of hostilities between Israel and Hezbollah overnight. Early on Sunday, the Israeli military launched what it described as “pre-emptive” strikes against the militant group in southern Lebanon, saying it had detected plans to attack Israel. Hezbollah, [...]