World of Business

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Canada ready to intensify trade talks as Trump plans new tariffs

Trump is reportedly preparing fresh tariffs on dozens of countries as Canada says it is ready to intensify trade talks. The update also covers Senate testimony, Washington events, Lebanon, Iran and Lindsey Graham’s funeral plans.

8 min read

Thames Water lenders offer golden share to avert nationalisation

Thames Water’s lenders have предлож offered a golden share and greater local authority involvement to block nationalisation, after the government rejected a previous rescue plan.

3 min read

JP Morgan's Dimon warns of bank tax ‘consequences’ under Burnham

Jamie Dimon has warned that higher UK bank taxes could threaten JP Morgan’s planned £3bn London headquarters and drive investment away from Britain.

4 min read

UK borrowing falls in June as Burnham outlines cost-cutting plans

UK borrowing fell to £16bn in June, slightly below forecasts, as Andy Burnham began outlining plans to cut living costs. Unemployment stayed at 4.9% and debt remained near £3 trillion.

3 min read

Burnham cuts VAT on electricity bills as UK borrows less than expected

Andy Burnham has cut VAT on household electricity bills from 1 October, while June public sector borrowing came in below expectations at £15.989bn.

5 min read

NI economy forecast to outpace UK average over five years

Ulster University’s Economic Policy Centre has lifted its Northern Ireland growth forecast to 1.6% for this year and says the region should outperform the UK average over five years.

3 min read

Wealth tax on UK’s super-rich could raise £10bn a year, academics say

Academics say a 2% minimum wealth charge on UK households with more than £100m could raise £10bn a year and affect fewer than 1,000 families.

4 min read

Trump to impose 50% tariffs on most Canadian goods, White House says

The White House said Trump is imposing 50% tariffs on most Canadian goods, with a 30-day window before they take effect, escalating trade tensions between the two countries.

5 min read

Trump orders 50% tariff on Canadian imports

Donald Trump signed an order imposing a 50% tariff on a wide range of Canadian imports, effective 19 August, escalating trade tensions with Canada.

2 min read

Big plans, bigger costs: what Burnham’s agenda may mean

Andy Burnham faces scrutiny over borrowing, taxes, welfare and housing as he sets out his agenda and the costs behind it.

5 min read

Oil eases below $90 as US-Iran tensions and fares pressure markets

Oil slipped back below $90 as US-Iran diplomatic exchanges continued, while AliExpress was fined a record €550m and Ryanair said its planes are safe after a window incident. Markets also tracked Segro, CuspAI and diesel supply concerns.

13 min read

What a Burnham-led government could mean for your money

Andy Burnham is set to announce early cost-of-living policies as prime minister, with questions over taxes, energy bills, transport, housing and social care.

6 min read