Embattled Rachel Reeves gets Budget boost with growth forecast – but Trump tariffs will damage UK economy

Rachel Reeves received a positive boost from new growth figures, with the UK economy projected to be the third fastest growing in the G7 this year by Niesr. However, the threat of tariffs from Donald Trump could potentially harm the economy, leading to a 0.2 percentage point decrease in GDP growth and impacting inflation rates and interest rates, according to the think tank. Pressure is mounting on Sir Keir Starmer to secure a UK exemption from the tariffs, which were announced by Trump on global steel imports.

Full Article