US EditionUS tariffs could hit UK consumers, Bailey says
- Donald Trump's plans to impose tariffs on US imports will reduce the British economy's growth, according to the Bank of England's interest rate-setting committee members.
- Rachel Reeves stated that Trump's tariffs will harm the UK economy, which may leave less money in Britons' pockets.
- Megan Greene noted that tariffs would push down growth and impact demand for British goods.
- Andrew Bailey defended free trade, emphasizing that it supports growth and innovation, which are critical for prosperity in cities like Glasgow.
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UK–US Trade Deal Could Insulate Britain From New Tariffs: Analysis
A UK–U.S. trade deal could help shield Britain from new U.S. tariffs, analysts suggest, as discussions continue following Prime Minister Sir Keir Starmer’s visit to Washington last week. British and U.S. officials have agreed to “sit down rapidly to talk through an economic deal,” Starmer confirmed on Wednesday. He told MPs that a deal would be “far better than getting drawn into conflict in relation to tariffs.” On Tuesday, the United States pu…
·New York, United States
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Bank of England sounds alarm on 'substantial' risks to UK economy – 'Rapid interest rate cuts unlikely!'
The Bank of England governor has warned of 'substantial' risks to the UK economy, which could keep interest rates higher for longer—piling pressure on millions of households
·London, United Kingdom
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Coverage Details
Total News Sources21
Leaning Left4Leaning Right8Center1Last UpdatedBias Distribution62% Right
Bias Distribution
- 62% of the sources lean Right
62% Right
L 31%
R 62%
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