Warning shops could be forced to accept cash in future
There is no data on how widely cash is accepted which puts the UK at risk of becoming cashless, a report warns.
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Private acquisitions strip more than $1tn from European equity markets
Trend poses ‘much bigger threat’ to region’s capital markets than defections of listed groups to Wall Street, says report
Labour not protecting people, economy and homes from climate crisis, watchdog says
Plans to protect UK from extreme weather are inadequate, Climate Change Committee says in scathing assessment
Labour is putting people, the economy and the environment in increasing peril by failing to act on the effects of the climate crisis, the UK’s climate watchdog has said.
Flooding, droughts and heatwaves are all increasing in severity due to climate breakdown, but current plans to protect people, land and infrastructure against extreme weather have been judged inadequate in a scathing assessment of the UK’s preparedness.
Trump reveals plans to ease tariff impact on US carmakers
US president will curb some duties on foreign parts in domestically manufactured cars, administration says
Donald Trump unveiled plans to water down his sweeping tariffs for US carmakers on Tuesday by curbing some duties on foreign cars and parts, granting a reprieve to an industry that warned his strategy would hike costs for American manufacturers by tens of billions of dollars.
Carmakers subject to a 25% tariff on imports will not be subject to other levies Trump has imposed, for example, on steel and aluminum. US automakers will also be allowed to apply for tariff relief on a proportion of the costs imposed for imported parts, although that relief will be phased out over the next two years.
UK took control of British Steel before assessing costs to taxpayers, letters show
‘Ministerial direction’ raises questions over the price of saving country’s last two blast furnaces
UK plans close co-operation with the US over crypto regulation
Proposals set out by Rachel Reeves are part of Britain’s first attempt to write rules for digital assets