US EditionGlobal turmoil makes Britain’s productivity predicament even worse
- Britain will increase financial support for exporters by £20 billion to provide stability amid U.S. tariffs, raising UK Export Finance's total lending capacity to £80 billion, as stated by the government.
- U.S. Tariffs include a 10 percent tariff on all British goods and a punitive 25 percent tariff on British-made vehicles, leading to significant risks for UK businesses, according to economists.
- Coventry has been identified as the British city most exposed to U.S. Tariffs, with 22.1 percent of its goods exported to the U.S., according to a report from the Centre for Cities.
- Experts believe British industry can adapt to these challenges, with Professor Michael Tamvakis noting that diversifying markets could help mitigate risks from unstable trade partners.
11 Articles
11 Articles
Britain makes £20b export finance support available amid tariff turmoil
Britain said on Sunday (Apr 13) that it will expand financing support for exporters by £20 billion (S$34.5 billion), including those affected by US tariffs, in an effort to give them stability and certainty in what it described as a new era of global trade.
Reeves unveils £500m support for tariff-affected small businesses
Chancellor Rachel Reeves has launched a £500m plan to smaller businesses affected by US president Donald Trump’s tariffs. Run by the British Business Bank, the Growth Guarantee Scheme will now provide additional lending capacity for firms that will need support with cashflow issues due to changes in tariffs. Lending up to £2m per business group, the scheme has so far given out £2.1bn across 13,447 firms. 70 per cent of the loan comes with a gove…
Coverage Details
Bias Distribution
- 67% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
