Business

It could be that the best chance of blocking any tariff war lies inside the vast US economy, where inflation is rising and consumer confidence is slumping – possibly making the tariff policy less viable politically.

We spoke to Mohamed El-Erian, chief economic adviser at Allianz, and started by asking him whether rising costs are something we need to learn to accept.

The Bank of England is warning that its ambition to chase the inflation rate down to 2 per cent has suffered a setback.

Thames Water faced going under next month unless it was allowed to borrow more money and today a high court judge ruled that it would be allowed to do that while it seeks new investors. 

We spoke to Bank of England Governor Andrew Bailey.

The cut to the base lending rate from the Bank of England was expected. It’s now down to 4.5 per cent from 4.75.

The Bank of England has cut interest rates by a quarter point to 4.25%, but it has also halved its forecast for economic growth this year. 

We spoke to Andrew Hale from the Heritage Foundation.

We spoke to Brando Benefei who is the Chair of the European Parliament’s US relations delegation.

So what could these tariffs mean for British consumers – will we face higher prices or shortages of imported goods?

President Trump has worked out one deal – with Mexico, which has rapidly deployed troops to the border, in exchange for a delay on America’s threatened tariffs. 

US President Donald Trump has fired the starting gun on what could turn into a global trade war.

He once dismissed Bitcoin as being “based on thin air”, but Donald Trump has very much changed his tune on crypto-currencies.

The pound has slumped to its lowest level in nine months after government borrowing costs surged to their highest since the banking crisis in 2008.

Opening a new coal mine in one of the world’s most developed countries was always going to be highly controversial, in the context of net zero targets and the carbon-cutting consensus.