Bank of England boss warns over ‘fragmenting’ world economy amid Trump tariffs
4 months, 1 week ago

Bank of England boss warns over ‘fragmenting’ world economy amid Trump tariffs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Governor of the Bank of England has warned over “fragmenting” the world economy amid promises from Donald Trump that he will impose steep trade tariffs on other countries. Speaking to MPs on Tuesday, Andrew Bailey said the UK should keep an “active dialogue” with the incoming US administration, following Mr Trump’s election win. When asked about potential tariffs, Mr Bailey said: “I would be very clear, fragmenting the world economy is not a good thing.” However, the governor added that he does not want to “jump to conclusions” on the effect of particular tariffs on UK policy. Mr Bailey said policymakers should therefore “be in an active dialogue with the Trump administration on those policies as they effect the UK”.

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History of this topic

UK in line for tariff shock: Don't think for a minute that Trump will let Britain off the hook, warns ALEX BRUMMER
7 hours, 5 minutes ago

UK in line for tariff shock: Don't think for a minute that Trump will let Britain off the hook, warns ALEX BRUMMER

Daily Mail  

No sooner had Rachel Reeves delivered her execrable Spring Statement than the fragile restoration of budgetary discipline was threatened from across the Atlantic. Donald Trump’s imposition of a 25 per cent tariff on imported cars, the latest move in the President’s unfathomable trade war, is a direct hit on the UK economy. Keir Starmer, Reeves and colleagues peddle a narrative …

Trump's tariffs will rock the UK and global economies, warns Bank of England governor Andrew Bailey
3 weeks, 1 day ago

Trump's tariffs will rock the UK and global economies, warns Bank of England governor Andrew Bailey

Daily Mail  

Donald Trump’s trade war will have a ‘substantial’ impact on the UK and global economies, the Governor of the Bank of England has warned. Andrew Bailey told MPs that Britain must ‘dig in’ after tariffs levied by the US President on America’s major trading partners sparked tit-for-tat retaliation. Concerns: Bank of England governor Andrew Bailey said Britain must 'dig in' …

Trump's tariffs threaten to spark a tit-for-tat trade war which will impoverish us all, warns ALEX BRUMMER
3 weeks, 2 days ago

Trump's tariffs threaten to spark a tit-for-tat trade war which will impoverish us all, warns ALEX BRUMMER

Daily Mail  

Donald Trump has lost no time in ditching the mantra of free trade which has underpinned global prosperity since the second half of the 20th century. Canada’s prime minister Justin Trudeau announced that Ottawa would respond by imposing a 25 per cent levy on £16.6billion of US exports across its northern border including beer, bourbon whiskey, white goods such as …

Trump says UK and US could end up with ‘real trade deal’ and no tariffs
1 month ago

Trump says UK and US could end up with ‘real trade deal’ and no tariffs

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump has said he thinks the UK and US …

World economic growth hinges on impact of US tariffs, Bank policymaker says
1 month ago

World economic growth hinges on impact of US tariffs, Bank policymaker says

The Independent  

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Mandelson admits concern over looming Trump tariffs and urges UK government to share views in private
1 month, 2 weeks ago

Mandelson admits concern over looming Trump tariffs and urges UK government to share views in private

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Peter Mandelson has admitted concern about the looming prospect of …

UK politics - latest: Starmer refuses to choose between US and EU on trade as Mexico and Canada delay tariffs
Trending News
1 month, 3 weeks ago

UK politics - latest: Starmer refuses to choose between US and EU on trade as Mexico and Canada delay tariffs

The Independent  

✕ Close Trump warns EU tariffs will happen and UK is 'out of line' Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like …

Trump hints Britain may dodge tariffs as US-EU trade war looms: UK politics live
1 month, 3 weeks ago

Trump hints Britain may dodge tariffs as US-EU trade war looms: UK politics live

The Independent  

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Trump claims UK ‘out of line’ as he threatens to expand tariffs to Europe
1 month, 3 weeks ago

Trump claims UK ‘out of line’ as he threatens to expand tariffs to Europe

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The looming prospect of a …

Trump risks ‘really damaging impact’ on global economy with tariffs, Cooper warns
1 month, 3 weeks ago

Trump risks ‘really damaging impact’ on global economy with tariffs, Cooper warns

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump risks having a "really damaging impact" on the global …

Trump tariffs risk ‘really damaging impact’ on global economy – Yvette Cooper
Top News
1 month, 3 weeks ago

Trump tariffs risk ‘really damaging impact’ on global economy – Yvette Cooper

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump risks having a …

Danger of possible Trump tariffs greater for UK than other countries, minister warns
2 months, 1 week ago

Danger of possible Trump tariffs greater for UK than other countries, minister warns

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Jonathan Reynolds admitted that Mr Trump’s presidency will be a “challenging time for anyone responsible …

Keir Starmer hits out at ‘dangers’ of tariffs in warning to Donald Trump
3 months, 1 week ago

Keir Starmer hits out at ‘dangers’ of tariffs in warning to Donald Trump

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sir Keir Starmer has hit out at the “dangers” of tariffs, …

Trump tariffs could hit UK goods trade as hard as Brexit, says think tank
3 months, 3 weeks ago

Trump tariffs could hit UK goods trade as hard as Brexit, says think tank

The Independent  

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Trump’s tariff plan would hit UK trade as hard as Brexit, think tank warns
3 months, 3 weeks ago

Trump’s tariff plan would hit UK trade as hard as Brexit, think tank warns

The Independent  

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UK hints trade war risks one million American jobs in veiled warning to Trump
4 months ago

UK hints trade war risks one million American jobs in veiled warning to Trump

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sir Keir Starmer has hit back at Donald Trump’s tariff threats …

UK ready for ‘all eventualities’ if Trump launches trade war, says Reynolds
4 months ago

UK ready for ‘all eventualities’ if Trump launches trade war, says Reynolds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is prepared for …

Levi’s and Jack Daniel’s ‘on tariff hit list’ if Trump targets Britain
4 months ago

Levi’s and Jack Daniel’s ‘on tariff hit list’ if Trump targets Britain

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sir Keir Starmer could hike taxes on American staples including Harley …

Shop bosses ‘right’ to warn of job cuts, says Bank of England governor
4 months, 1 week ago

Shop bosses ‘right’ to warn of job cuts, says Bank of England governor

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The governor of the Bank …

Trump tariff hikes could knock UK GDP, says CEBR
4 months, 1 week ago

Trump tariff hikes could knock UK GDP, says CEBR

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The major sticking point to a deal remains food …

We’d side with EU against Trump in trade war, suggests Cabinet minister
4 months, 1 week ago

We’d side with EU against Trump in trade war, suggests Cabinet minister

The Telegraph  

Addressing the House of Lords International Agreements Committee on Monday, Mr Reynolds said: “To state the obvious, tariffs on UK goods entering the US would be a difficult thing for us to have to contend with. “But compared to the EU with over £800bn of bilateral trade, clearly if there are things that we are offered or asked to do …

Starmer warned not to take Trump bullying ‘on the chin’ after senior adviser issues EU Brexit trade threat
4 months, 1 week ago

Starmer warned not to take Trump bullying ‘on the chin’ after senior adviser issues EU Brexit trade threat

The Independent  

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Bank of England chief Andrew Bailey calls for EU ties to be 'rebuilt' to stop long-term UK decline - as he warns of global trade risks following Trump election win
4 months, 1 week ago

Bank of England chief Andrew Bailey calls for EU ties to be 'rebuilt' to stop long-term UK decline - as he warns of global trade risks following Trump election win

Daily Mail  

The Bank of England governor has called for the 'rebuilding' of ties with the EU as he warned of global trade risks after Donald Trump's bombshell election win. Andrew Bailey insisted the 'consequences' of Brexit could not be ignored as he bemoaned the economy's lacklustre performance since the 2008 Credit Crunch. Amid fears over Mr Trump's vow to impose a …

Trump’s tariff plan ‘doomsday scenario’ for UK economy, senior Labour figure warns
4 months, 2 weeks ago

Trump’s tariff plan ‘doomsday scenario’ for UK economy, senior Labour figure warns

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’s plans to impose huge tariffs on imports are a …

Bank of England chief economist cautions over global economic ‘disturbances’
4 months, 2 weeks ago

Bank of England chief economist cautions over global economic ‘disturbances’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England’s chief …

Ditch Brexit trade barriers, Starmer told amid fears over impact of Trump tariffs
4 months, 2 weeks ago

Ditch Brexit trade barriers, Starmer told amid fears over impact of Trump tariffs

The Independent  

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Lammy: UK will seek to persuade Trump hiking tariffs is not in his interest
4 months, 2 weeks ago

Lammy: UK will seek to persuade Trump hiking tariffs is not in his interest

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. David Lammy said he would seek to “get across” to the United States that …

Trump Policies Cloud Bank of England’s Path to Future Rate Cuts
4 months, 3 weeks ago

Trump Policies Cloud Bank of England’s Path to Future Rate Cuts

Live Mint  

The Bank of England is all but assured to cut interest rates by another quarter point this week, but a second US presidential term for Donald Trump has cast new uncertainty over future policy easing in the UK. Ward agreed that a rate cut on Thursday was “a done deal, as adding to market volatility by not cutting would not …

Bank of England could be ‘more aggressive’ with interest rate cuts, says governor
5 months, 3 weeks ago

Bank of England could be ‘more aggressive’ with interest rate cuts, says governor

The Independent  

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Bank Governor Bailey: We are seeing very encouraging signs for the economy
11 months, 1 week ago

Bank Governor Bailey: We are seeing very encouraging signs for the economy

The Independent  

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Brexit was ‘historic economic error’, says ex-US Treasury chief
1 year, 9 months ago

Brexit was ‘historic economic error’, says ex-US Treasury chief

The Independent  

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Andrew Bailey faces scrutiny as Bank of England accused of being 'slow off the mark' on inflation
2 years, 10 months ago

Andrew Bailey faces scrutiny as Bank of England accused of being 'slow off the mark' on inflation

The Telegraph  

The Bank of England has been “slow off the mark” raising interest rates to combat inflation, a former minister has said, raising pressure on Andrew Bailey to get a grip on the cost-of-living crisis. Mel Stride, chairman of the Treasury Select Committee, said the Bank failed to spot the emerging “wage-price spiral”, heightening the risk that the Monetary Policy Committee …

No-deal Brexit would hit pound sterling, warns Bank of England
4 years, 3 months ago

No-deal Brexit would hit pound sterling, warns Bank of England

The Independent  

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No-deal Brexit will deliver major economic shock for UK despite costly planning, warns Mark Carney
5 years, 8 months ago

No-deal Brexit will deliver major economic shock for UK despite costly planning, warns Mark Carney

The Independent  

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Brexit: Bank of England governor shreds Boris Johnson's claim for avoiding economic damage after no-deal
5 years, 9 months ago

Brexit: Bank of England governor shreds Boris Johnson's claim for avoiding economic damage after no-deal

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England governor has rubbished a key Boris Johnson …

Bank of England governor says Britain can't avoid EU trade tariffs in a No Deal Brexit
5 years, 9 months ago

Bank of England governor says Britain can't avoid EU trade tariffs in a No Deal Brexit

Daily Mail  

Mark Carney has warned that Boris Johnson is incorrect about a No Deal scenario Mark Carney has dismissed a claim by Boris Johnson, the front-runner in the race to become prime minister, that Britain can avoid the hit of European Union trade tariffs in the event of a no-deal Brexit. Boris Johnson made assurances that trade would continue as normal …

No-deal Brexit could see import tariffs slashed to zero under ‘extraordinarily damaging’ government plan
6 years, 1 month ago

No-deal Brexit could see import tariffs slashed to zero under ‘extraordinarily damaging’ government plan

The Independent  

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Government minister Liam Fox takes veiled swipe at Donald Trump’s trade policy in major speech
6 years, 1 month ago

Government minister Liam Fox takes veiled swipe at Donald Trump’s trade policy in major speech

The Independent  

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Bank of England deputy governor issues starkest warning yet over dangers of cliff-edge Brexit
7 years, 7 months ago

Bank of England deputy governor issues starkest warning yet over dangers of cliff-edge Brexit

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. In his most …

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