Sir Keir Starmer faced Kemi Badenoch at PMQs following a surprise fall in inflation, boosting chancellor Rachel Reeves. Inflation dropped to 2.5%, leading to speculation of a Bank of England interest rate cut in February, easing government bond market turbulence. Treasury minister Darren Jones dismissed emergency budget talk, stating there will only be one major fiscal event per year.
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Trump tariffs live: Asian markets open in red for second day over global trade war
Asia-Pacific markets opened lower for a second day due to US President Donald Trump's tariffs, with Japan's Nikkei falling 1.85% and Australia's S&P/ASX 200 dropping to an eight-month low. S&P 500 companies lost $2.4 trillion in market value, the largest drop since March 2020, while UK Prime Minister Keir Starmer warned of a new era of global trade war following Trump's tariffs. The FTSE 100 also hit its lowest level since mid-January, signaling further market...
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