Gary Gibbon

2 weeks ago | channel4.com | Gary Gibbon

Sir Keir Starmer has responded to the economic turmoil by reducing the pressure on car makers to hit zero emissions targets. They will now be allowed to make hybrid cars for another ten years instead of being forced to make a rapid switch to purely electric vehicles. In a speech to workers at the Jaguar Land Rover plant in the West Midlands, the Prime Minister said he would rebuild the country’s industrial strength “in defiance of a volatile world”.

2 weeks ago | channel4.com | Gary Gibbon

Trust in President Trump. That’s the message from the White House as markets tumbled around the world and the dollar slid to a six month low. Mr Trump took to his own Truth Social platform to respond – declaring “the prognosis is that the patient will be far stronger, bigger, better and more resilient than ever before”. But everywhere else, reactions have ranged from the shocked to the furious – while the UK has drawn up a 400-page list of American goods which could face retaliatory tariffs here

3 weeks ago | channel4.com | Gary Gibbon

Sir Keir Starmer told MPs he was “preparing for all eventualities” but what impact could Trump’s tariffs have on the British economy?

3 weeks ago | channel4.com | Gary Gibbon

Donald Trump says he’s already decided the tariffs he will impose on countries that export goods to America, including the United Kingdom. He’ll announce the details Wednesday. According to the White House, a few world leaders have been in touch hoping to negotiate. But many of them will now be deciding how hard they need to retaliate and what effect a trade war would have on the world economy.

4 weeks ago | channel4.com | Gary Gibbon

The world is changing, said Rachel Reeves – though the fact it is Donald Trump who is forcing a rise in defence spending and provoking a global trade war was left unsaid. The Spring Statement revealed this year’s growth forecast is 1% instead of 2% – meaning the Chancellor had to work hard to avoid breaking her own fiscal rules on borrowing. That explained the cuts to welfare, targeted mainly at disability benefits, which are almost as painful to Labour MPs as they are to those affected.