English
Lloyds Bank has released a new publication, Navigating a Volatile World, outlining how UK corporates are adjusting to ongoing macroeconomic uncertainty, shifting trade dynamics, and competing operational priorities.
A £1 billion investment in a new gigafactory in Sunderland in support of the UK’s electric vehicle (EV) supply chain has been confirmed.
The UK and India have finalised a landmark trade deal, cutting tariffs on whisky, gin, and cars, and aiming to boost bilateral trade by £25.5bn by 2040.
The UK government has suspended third-country duty – also known as MFN tariffs on 89 products, expressing an ambition that the savings will be passed on to consumers. Whilst timing of the press release appears to coincide with the imposition of 10% US tariffs applied in addition to existing most favoured nation (MFN) rates on most UK exports to the United States, the suspended tariff announcements are the outcome of a 2024 consultation.
