Rachel Reeves’ hopes to regain business confidence suffered a blow as AstraZeneca cancelled a £450 million investment in a vaccine plant in Merseyside, amid concerns over promised subsidies. This setback came after failed attempts to attract major investments and job losses at companies like Lloyds Bank and Tesco, with criticism focused on national insurance hikes and new employment rights. Shadow business secretary Andrew Griffith criticized Labour’s handling of the situation, highlighting the impact of tax rises and regulatory changes on UK’s attractiveness for investment.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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