Articles

  • 1 month ago | itv.com | Robert Peston

    We just learned that the world’s most powerful person, Donald Trump, has a boss: the bond market. He may not have acknowledged this to himself, yet, but the global financial tumult he caused - and has temporarily eased - has locked him in a fiscal prison.

  • 1 month ago | itv.com | Robert Peston

    Say what you like about Donald Trump - and most of you do - he is already the most significant American president for decades. Though not necessarily for the good of the world or even of the United States. One measure is that in the week since he announced the highest tariffs since those of the 1930s - the Smoot Hawley tariffs that contributed to the Great Depression - stock markets have tumbled across the world.

  • 1 month ago | itv.com | Robert Peston

    What we are watching is Donald Trump’s tariff-induced crash turning into a Liz Truss-style fiscal crisis. The collapse in US government long bonds, Treasuries, is startling, scary. It is precisely the opposite of what Trump and his advisers expected and wanted. It partly reflects heightened fears of US recession - which would see ballooning of US deficit - and may also be revenge selling by sovereign holders in tariff-hit countries.

  • 1 month ago | itv.com | Robert Peston

    With only hours remaining before febrile financial markets awaken again in Tokyo, it’s clear that the next 48 hours will be critical in deciding whether the US can avoid a recession and the world a painful growth deceleration. Because Trump and his record-breaking tariffs - and China’s tit-for-tat retaliation - have forced a triple whammy on the US. Hit number one is the tariffs themselves, which put up the costs of goods and foods, and crush the income of consumers and businesses.

  • 1 month ago | itv.com | Robert Peston

    Starmer has organised his military coalition of “willing” nations to defend Ukraine against Putin in the event of a peace deal. My conversations with senior government officials, business leaders and economists reveal a hunger for Starmer - or Canada’s Carney, or any elected leader of a sizeable democratic nation - to organise an “economic coalition of the willing”, to champion free trade against Trump and his tariffs.

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Robert Peston
Robert Peston @Peston
11 May 25

I simply don’t know what to say about this from the NYT (back of envelope calculation: this is equivalent to something like a million free pairs of spectacles for the British PM) « The Trump administration plans to accept a luxury Boeing 747-8 plane as a donation from the

Robert Peston
Robert Peston @Peston
10 May 25

For 500 days a London shul saved a seat for Emily Damari. Only her picture sat there until today - Jewish News https://t.co/mWVKgVuK8b

Robert Peston
Robert Peston @Peston
9 May 25

Israel’s biggest peace summit in history unites Israeli and Palestinian voices - Jewish News https://t.co/sO61F6IenH