Britain’s steelmakers are bracing for a sharp escalation in trade tensions after the United States signalled it will double import tariffs on UK steel to 50% from Wednesday — despite a recent transatlantic deal to remove such duties. The expected hike replaces the 25% tariff President Trump imposed on foreign steel earlier this year, which officially came into force on ...
UK business confidence surged in May to its highest level since last August, according to new data from Lloyds Bank, driven by a sharp rebound in global financial markets and a softening in trade tensions between the US and its partners. The Lloyds Bank business barometer rose by 11 points to 50 per cent, up from 39 per cent in ...
Reform UK has become the first political party in Britain to accept bitcoin and other cryptocurrency donations, Nigel Farage announced during a high-profile appearance at the Bitcoin Conference in Las Vegas. Farage told the audience that Reform UK had updated its website to accept crypto donations from eligible UK donors, marking what he called an “innovative” step for British politics. ...
Bank of England Governor Andrew Bailey has called on Sir Keir Starmer to go beyond the government’s recent EU “reset” deal and forge deeper trade and financial links with Brussels, warning that the economic fallout from Brexit and Donald Trump’s resurgent protectionism pose mounting risks to UK growth. In a major speech delivered in Dublin, Mr Bailey welcomed the government’s ...
Elon Musk’s Starlink is on track to play a larger role in the UK’s broadband infrastructure, with telecoms regulator Ofcom proposing new temporary spectrum licences to expand the satellite internet provider’s capacity across the country. Under the plans, Starlink would gain access to additional E band frequencies at three of its existing ground stations in Hampshire, Suffolk, and Cambridgeshire. These ...
Berry Bros. & Rudd, the historic British wine merchant favoured by the Royal family, is set to open its first US store in Washington, marking a significant expansion as demand for luxury British heritage brands surges across the Atlantic. Founded in 1698 and holding a Royal Warrant since the reign of George III, the company is renowned for its deep ...
Celebrity interior designer Celia Sawyer has accused Netflix of copying her idea for an erotic home makeover show, claiming the streaming giant’s How to Build a Sex Room mimics a concept she previously pitched — and was told would be “deleted”. Sawyer, best known for Channel 4’s Four Rooms and frequently dubbed the “Queen of bling” for her lavish designs, ...
Millions of savers could see their retirement pots put at risk under sweeping new pension reforms unveiled by the government, leading experts and campaigners have warned. A series of proposed changes, confirmed on Thursday as part of the new Pension Schemes Bill, would loosen rules on how surplus funds can be extracted from defined benefit (DB) pension schemes — allowing ...
Michael O’Leary, the outspoken chief executive of Ryanair, has qualified for share options worth over €100 million after the airline’s stock sustained a major milestone for nearly a month — hitting a share price target set more than six years ago. Shares in Europe’s largest low-cost airline closed above €21 for a 28th consecutive trading day, meeting a key condition ...
Capita, Pizza Express, Lidl and British Airways are among more than 500 companies publicly named and shamed by the UK government for failing to pay thousands of staff the legal minimum wage. The Department for Business and Trade on Thursday published a list of 518 employers who collectively owed £7.4 million to nearly 60,000 workers. The underpayments were identified through ...