Category: Global economy

Starmer aims to build ‘pragmatic and serious relationship’ in meeting with Xi

Prime minister wants bilateral at G20 to lead to closer ties with China, which he sees as key to faster growthKeir Starmer will become the first UK prime minister in six years to meet the Chinese president, Xi Jinping, promising...

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Trump tariffs would halve UK growth and push up prices, says thinktank

NIESR warns Republican nominee’s protectionist policies, including against Britain, would harm domestic economyUK growth would be halved in the event Donald Trump wins the US presidential race and imposes the swingeing new...

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IMF warns Trump trade tariffs could dent global economy

New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%While the IMF is upbeat about global growth it knows where dangers lurkThe International Monetary Fund has warned the trade tariffs...

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‘It’s tragic’: Bank of England governor watching Middle East crisis closely

Exclusive: in an interview with the Guardian Andrew Bailey says he fears conflict will affect oil pricesThe Bank of England is monitoring the Middle East crisis amid fears that a worsening conflict between Iran and Israel will...

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Government to seek global trade deals for UK at expense of formal EU re-entry

Business secretary Jonathan Reynolds says joining Asia-Pacific CPTPP bloc is a ‘real win’ for exporters, even though it will preclude the UK from EU membershipThe business and trade secretary, Jonathan Reynolds, has...

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UK food industry says lack of testing capacity forcing imports back to EU for checks

Trade bodies blame lack of lab facilities at Brexit border posts for longer delays and shorter shelf life of foodImported food coming into the UK through Brexit border posts is being sent back to Europe to be tested due to a...

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EU plan to impose import duty on cheap goods could dent Shein and Temu

Brussels move to end tax loophole exploited by China-linked marketplaces could also dent Shein’s planned London listingThe EU is moving forward with plans to impose customs duty on cheap goods in a shift that could hit...

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Labour landslide may boost investment and confidence in UK, say City analysts

Strong mandate for Keir Starmer’s party should help restore Britain’s ‘safe haven’ status, knocked by Liz Truss and BrexitA landslide victory for Keir Starmer in the general election on Thursday could...

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