More UK lenders cut mortgage rates amid tariff turmoil
UK lenders are lowering rates as economists predict interest rates will be cut by more than expected.
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Data shows little sign that tax increase on employers is leading to mass layoffs | Heather Stewart
No dramatic shakeout so far, but jobs data may yet look like a snapshot of the calm before the storm of Trump’s tariffs
The UK jobs market continues to cool but Rachel Reeves will be relieved that there is little sign as yet in the latest data that her tax increase on employers is leading to mass job losses.
Targeting employer national insurance contributions (NICs) to raise an extra £25bn in October’s budget sparked a furious business backlash and dire warnings about the impact for workers.
IMF chief warns US to ‘strike trade deals swiftly’ or risk damage to global economy
Kristalina Georgieva calls for trade policy settlement and says tariff wars have ‘spiked uncertainty off the charts’
IMF managing director Kristalina Georgieva has urged the US to strike trade deals urgently, to limit the damage to the global economy from Donald Trump’s tariff policies.
Speaking at a press conference at the IMF’s spring meetings in Washington, Georgieva declined to criticise the US administration directly; but warned that what she called “major trade policy shifts” had “spiked uncertainty off the charts”.