Swiss shares fall as the country feels the wrath of Trump’s tariffs August 4, 2025 Shares in Swiss firms dropped on Monday morning as markets digested the consequences of US president Donald Trump’s high tariffs. The Swiss Market Index dropped by 1.9 per cent to 11,835 francs upon opening this morning, before easing its losses to trade at 1.54 per cent down. It clawed its way back to 0.77 per [...]
Bank of England to cut interest rates but faces dilemma on outlook August 4, 2025 The Bank of England is unlikely to signal faster interest rate cuts at this Thursday’s meeting, leading economists have said, leaving the future of monetary policy in the balance. Monetary Policy Committee (MPC) members are widely expected to agree to cut interest rates by 25 basis points to four per cent. But City analysts have [...]
High street banks lost £100bn in customer savings to rivals since 2019 August 4, 2025 High street lenders have lost the equivalent of £100bn in customer savings to online banks and building societies as they come under pressure to adapt amid a major shift in the sector, according to a report. KPMG’s latest State of the Banks report found that traditional banking groups saw their market share in deposits drop [...]
Borrowing costs set to ease further as Bank contends with weaker jobs market August 3, 2025 Borrowing costs are set to ease further as the Bank of England contends with stagnant growth and rising unemployment, experts have predicted. Most economists think the Bank’s Monetary Policy Committee (MPC) will cut interest rates by 0.25 percentage points to 4% on Thursday. It could release pressure for some mortgage holders amid hopes that cheaper [...]
Rachel Reeves admits Labour has disappointed Brits August 2, 2025 Chancellor Rachel Reeves has admitted that the Labour government has disappointed some Brits after it raised £40bn in taxes at last year’s Autumn Budget. The Labour government have come under fire for its high-tax and high-spend policies in power despite claiming it would be more business-friendly during electoral campaigns last year. Now Rachel Reeves has [...]
Trump removes jobs data official after employment report August 2, 2025 President Donald Trump has removed the head of the agency that produces monthly jobs figures for the US after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform, alleged that the figures were manipulated for political reasons [...]
Pharma stocks suffer as Trump demands prescription slash August 1, 2025 Pharmaceutical stocks across the global markets have taken a hit after Trump demanded drug companies lower prices for American consumers. Trump’s threat against pharmaceuticals has given healthcare sector investors “a dose of the blues” after his letter to various company bosses. It outlined that they should either cut US prescription prices or face a tariff [...]
Global markets take a tumble as Trump pushes on with his trade war August 1, 2025 Global stocks weakened on Friday morning after US President Donald Trump hit multiple countries with a blitz of tariffs. Trump’s ambition to restructure the global trading order in his administration’s favour has sent jitters through markets on his set negotiation deadline day. The FTSE 100 is down 0.7 per cent, with UK drug maker Astrazeneca [...]
Business confidence hits ‘record low’ as Reeves slammed over taxes August 1, 2025 Business directors’ confidence in the UK economy has plunged to an all-time low, with firms unconvinced by Chancellor Rachel Reeves’ growth-focussed policies as the impact of last year’s tax hikes continues to play out. Keir Starmer has repeatedly told MPs business confidence is at a nine-year high, pointing to a single business survey put together [...]
Week in Business: Is it time to leave the country? July 31, 2025 Facing low growth and high taxes, more and more of my friends are having the same conversation, for the same reasons.
