Steven Swinford

The market turmoil wrought by Donald Trump's trade war shows no sign of abating this morning: * China has just raised tariffs on US goods to 125% as trade war escalates * Dollar slumps to 3-year low against the Euro amid signs of confidence crisis * Ursula von der Leyen is

Exclusive Sir Keir Starmer will give the green light to Sizewell C and a new generation of mini-nuclear reactors as he seeks to galvanise growth The PM will formally approve investment for the construction of Sizewll C in Suffolk ahead of the spending review. It will provide up

It sounds like Britain is still facing US tariffs despite Donald Trump's 90-day pause The UK is still being hit with baseline tariffs of 10% along with a higher rate of 25% on exports of steel, aluminium and cars While ministers are encouraged by the shift in position it makes

Breaking: Donald Trump appears to have blinked and announced a 90-day pause on tariffs for all countries that have not retaliating But China is getting whacked with a 125% tariff on imports https://t.co/5xlRUwjkWU

Rumours abound from Washington that Donald Trump could sign an economic deal with the UK as soon as today Doesn't sound right - nothing imminent, the UK and US negotiating teams continue to talk in an attempt to get it over the line

The Bank of England is sounding the alarm, warning that the 'global risk environment has deteriorated and uncertainty has intensified' 'The probability of adverse events, and the potential severity of their impact, has risen' It warns that the global trade war risks 'depressing

Sir Keir Starmer distances himself from Cabinet ministers who compared welfare cuts to taking away a child's pocket money. 'Occasionally people don't get it quite right' In fact as @patrickkmaguire revealed it was Starmer himself who used the analogy in Cabinet as he argued that

Breaking: Keir Starmer criticises the Office for Budget Responsibility for failing to score the impact of the government's welfare reforms in getting people back to work This is the first time that Starmer has publicly criticised the OBR - points to to wider concern in

Exclusive: More than 40 Labour MPs have called for the introduction of digital ID so the government can “get a grip” on illegal migration and make it easier for people to access public services. Members of three groups of Labour MPs - the Labour Growth Group, the Red Wall Group

Keir Starmer says Trump’s tariffs pose a ‘huge challenge for our future’ and will have a ‘profound’ global impact ‘We have got to rise together to the great challenge to renew Britain. Nobody is pretending tariffs are good news ‘You know that better than anyone. That is a huge

Jamie Dimon, the chief executive of JPMorgan, says Trump's tariffs will increase inflation and also increase the probability of a recession He warns that America's global standing could weaken if Western alliances 'were to fragment' 'The recent tariffs will likely increase https://t.co/0I1J5sM2ZH

Donald Trump showing absolutely no sign of backing down despite turmoil in the markets He says that his tariffs will bring in 'Billions of Dollars a week from abusing countries' He says that other countries have been 'taking advantage of the Good OL' USA' https://t.co/if1jVBORr5

The Times's weekend read on how Keir Starmer sees opportunity amid the economic carnage: * Starmer thinks Britain can position itself as a low tariff destination for investment with strong ties to the US and the EU if it can secure economic deal with Trump * PM has reserved

David Lammy says that Donald Trump has ushered in a return to protectionism 'that we've not seen for nearly a century' 'We are a nation that believes in open trade, and I regret the return to protectionism in the United States, something that we’ve not seen for nearly a century.