Donald Trump: UK can strike ‘very substantial’ trade deal with US after Brexit June 4, 2019 Donald Trump has told the UK it would be able to strike a “very substantial” trade deal with the US once it leaves the EU. The US president is in the UK for a three-day state visit, which began yesterday. Trump has already attended a state banquet with the royal family. This morning he met [...]
US manufacturing sector grows at slowest rate in 10 years in May June 3, 2019 The US manufacturing sector grew at its slowest rate since 2009 in May, according to survey data released today, in a sign that the world’s biggest economy is losing momentum. Read more: European stock markets bleed red as Trump takes trade war to Mexico Tariffs were widely blamed for dampening demand and increasing costs, helping [...]
Eurozone manufacturing sector shrinks for fourth straight month June 3, 2019 The Eurozone’s manufacturing downturn continued in May, according to survey data released today, with the sector contracting for the fourth successive month. Read more: Eurozone sees weak growth in May amid stagnant demand Weakness in Germany was once again a major drag on the overall Eurozone’s performance as it registered another marked contraction, today’s IHS [...]
Six investment trusts that pay a monthly income June 3, 2019 | City Talk By Kyle Caldwell from interactive investor. Just six investment trusts pay investors on a monthly basis. New research reveals which ones. It has never been easier for do-it-yourself investors to assemble an income portfolio, as over the past couple of years both open-ended funds and investment trusts have moved to pay income more frequently than [...]
European stocks stabilise following US-China trade war escalation June 3, 2019 European stocks stabilised following a slump this morning sparked by the escalation of the trade war between the US and China, the world’s two largest economies. The FTSE 100 was trading 0.16 per cent up this afternoon after falling 1.09 per cent to 7,084.5p in the morning. Dax, which tracks 30 major German companies, was up 0.3 [...]
DEBATE: Should there be a cap on inheritance tax breaks available to wealthy families? June 3, 2019 Should there be a cap on inheritance tax breaks available to wealthy families? Robert Palmer, executive director of Tax Justice UK, says YES. Inheritance tax is one of the most disliked taxes in the UK, in part because the super-rich can largely avoid paying it. This is deeply unfair. At Tax Justice UK, we’ve just published [...]
Britain breaks energy record by going coal-free for two weeks May 31, 2019 Today marks a fortnight since the UK energy industry used coal for power generation. Read more: Britain just went 10 days without burning coal for electricity It's now the longest the country has given up on coal-generated energy since the Industrial Revolution. With the introduction of the Climate Change Act in 2008, Britain had set a [...]
It may not be Hammond’s cup of tea, but we deserve some tax-cutting champions May 31, 2019 I for one am thrilled to see politicians not just talking about tax cuts, but competing for the best policy to reduce a tax burden that is at a near 50-year high. Sure, it took a leadership contest to get them properly talking about it, but from the home secretary’s endorsement of the Adam Smith [...]
Markets brace as Trump threatens Mexico with 25 per cent tariffs over immigrants May 31, 2019 US President Donald Trump is set to slap fresh tariffs on all Mexican imports next month, in a shock move that could threaten a recently-agreed major trade deal between the two sides. Read more: Mueller says 'not an option' to charge Trump over Russia inquiry The White House warned late last night that the US [...]
Tory leadership contest can spark a much-needed debate on the future of tax May 31, 2019 Should the Conservatives slash taxes? Social media star Liz Truss certainly thinks so, arguing yesterday that "taxes hold back growth, and by cutting rates in a targeted way we can turbocharge economic growth and boost wages so the overall tax burden falls." Her leadership rival Dominic Raab has also made headlines this week by pledging [...]
