Larry Elliott

3 days ago | newstatesman.com | Larry Elliott

It’s been billed as the “big Brexit reset”. On 19 May, Keir Starmer’s government will sit down with Brussels in a fresh negotiation of UK-EU relations. In fact, discussions have reportedly already begun. And while some of the issues under debate are post-Brexit priorities – deepening defence collaboration for instance – issues such as cross-border trade and youth mobility visas will also feature.

1 week ago | theguardian.com | Larry Elliott

I get it. That was Sir Keir Starmer’s reaction as the inquest began into last week’s election victories for Reform UK, and for sure there are many lessons to be learned. Voters are unhappy with the government’s record. The Conservative brand is still toxic. Nigel Farage is a force to be reckoned with. But perhaps the biggest lesson is that class still matters in politics.

3 weeks ago | theguardian.com | Larry Elliott

Poor Rachel Reeves. The economy is weak. Government borrowing has just come in higher than expected. The International Monetary Fund (IMF) has downgraded its forecasts for UK growth. And to cap it all, she is trying to get the arch-protectionist Donald Trump to lower tariffs on British exports as part of a UK-US trade deal. Being chancellor of the exchequer is a tough gig, but nobody told her it would be this tough.

1 month ago | msn.com | Larry Elliott

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1 month ago | theguardian.com | Larry Elliott

Donald Trump’s decision to impose a 104% tariff on Chinese imports into the US has spooked the financial markets. The response is entirely rational. Over the past few decades, phoney trade wars have been commonplace. Rival nations have squared off against each other, indulged in a bit of sabre-rattling, but eventually agreed on a deal. Headlines that screamed “trade war looms” were quickly replaced by those that read “trade war averted”. This time it’s different.