Rachel Reeves is facing economic challenges with the pound falling, fears of rising borrowing costs and tax hikes, and a report suggesting a potential 20% increase in food prices. The Chartered Institute of Procurement and Supply predicts import costs could rise by 5-20% due to Brexit-related supply chain issues, leading to a cost of living inflation crisis. Reeves is under pressure to cancel a trip to China as the UK economy faces market turmoil following indicators linked to her October Budget, with Labour blaming her for the economic crisis.
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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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