Economy news

• China weighs tighter export controls on AI models and chips

  21-07-2026 06:00 via ft.com
  Beijing consults companies on ways to stop west acquiring its advanced technologies and star start-ups
  
  Read more

• Monetary Policy Radar preview: ECB’s July meeting

  21-07-2026 18:10 via ft.com
  The FT’s guide on what to look out for in Thursday’s session
  
  Read more

• IEA warns of risk to energy supplies from escalation of Iran conflict

  21-07-2026 18:05 via ft.com
  Intergovernmental agency says ‘no room for complacency’ and points to tightness in refined products
  
  Read more

• Burnham backs away from costly increase to income tax allowance

  21-07-2026 17:25 via ft.com
  New prime minister had explored raising £12,570 personal allowance before taking office on Monday
  
  Read more

• Advertisement

• Live: Did UK inflation rise in June?

  21-07-2026 15:23 via moneyweek.com
  
  The Office for National Statistics (ONS) will release the latest UK Consumer Price Index (CPI) measure of inflation data tomorrow (22 July).CPI inflation in the 12 months to May 2026 read 2.8%, staying steady from April 2026.Experts believe the June inflation data will show a fall to 2.6%Ratesetters at the Bank of England will be watching closely to help inform their decision on whether to lower interest rates from 3.75%.| UK inflation forecast | What is inflation? | When will interest rates fal
  
  Read more

• Trump threatens to reignite trade war with fresh 50% tariffs on Canada

  21-07-2026 15:00 via ft.com
  Also in today’s newsletter: petrol prices climb back above $4 a gallon, and Trump’s fundraising Super Pac rakes in more than any other
  
  Read more

• Why the world trusts China more than America

  21-07-2026 13:28 via ft.com
  Countries suspicious of the US are to be found on every continent, not just in its own back yard
  
  Read more

• FirstFT: Trump prepares to meet Lebanon’s leader

  21-07-2026 12:03 via ft.com
  Also in today’s newsletter: US threatens Canada with 50% tariffs and judge pauses Paramount Skydance’s acquisition of Warner Bros Discovery
  
  Read more

• Advertisement

• Trump prepares fresh tariff barrage with 10% levies set to expire

  21-07-2026 12:00 via ft.com
  US president to renew trade war after Supreme Court threw out reciprocal duties
  
  Read more

• UK wage growth continues to cool while unemployment rate steady

  21-07-2026 10:53 via ft.com
  Bank of England will probably hold rates again in July amid mixed labour market signals
  
  Read more

• FirstFT: Healey’s formidable in-tray as UK chancellor

  21-07-2026 06:32 via ft.com
  Also in today’s newsletter: LSE plans round-the-clock trading and AI as a geopolitical weapon
  
  Read more

• Why Canada isn’t listening to American whining in the wine wars

  21-07-2026 06:00 via ft.com
  Donald Trump’s tariffs have taught us an important lesson in the value of retaliation
  
  Read more

• The fall of America’s farm superpower

  21-07-2026 06:00 via ft.com
  The US is on the verge of losing its status as the world’s leading agricultural exporter
  
  Read more

• Pointers for Burnham on what Britain really wants

  21-07-2026 06:00 via ft.com
  The new prime minister can learn from 40 years of polling the UK population
  
  Read more

• Midwest sunset: Trump’s tariffs hit America’s farming powerhouse

  21-07-2026 06:00 via ft.com
  The US is on the verge of losing its status as the world’s leading agricultural exporter
  
  Read more

• Midwest sunset: Trump’s tariffs hit America’s agricultural powerhouse

  21-07-2026 06:00 via ft.com
  The US is on the verge of losing its status as the world’s leading exporter
  
  Read more

• Czech central bank chief warns against joining Eurozone too early

  21-07-2026 06:00 via ft.com
  Aleš Michl also resists calls to lower interest rates as he criticises country’s feuding president and prime minister
  
  Read more

• Canada isn’t listening to American whining in the wine wars

  21-07-2026 06:00 via ft.com
  Donald Trump’s tariffs have taught us an important lesson in the value of retaliation
  
  Read more

• US to hit Canada with 50% tariffs on wide range of goods

  20-07-2026 23:47 via ft.com
  Washington accuses neighbour of engaging in unfair practices in move that could reignite trade war
  
  Read more

• Donald Trump says US to hit Canada with 50% tariffs

  20-07-2026 23:47 via ft.com
  Washington accuses neighbour of engaging in unfair practices in move that could reignite trade war
  
  Read more

• FirstFT: Indian police crack down on ‘Cockroach’ protesters

  20-07-2026 23:31 via ft.com
  Also in today’s newsletter: Andy Burnham becomes UK prime minister and US petrol prices climb back above $4
  
  Read more

• Don’t blame colonialism for Africa’s trade woes

  20-07-2026 18:10 via ft.com
  The continent’s growth is being hemmed in by blocked trade arteries, not arbitrary borders drawn in Berlin in 1885
  
  Read more

• US petrol prices climb back above $4 as Iran war intensifies

  20-07-2026 17:22 via ft.com
  Resurgent costs drive frustration with President Donald Trump ahead of midterm elections
  
  Read more

• How will inheritance tax apply to pensions from 2027?

  20-07-2026 16:40 via moneyweek.com
  
  Families are facing a major shake-up to the inheritance tax regime from April 2027 when unused pensions will form part of estates for inheritance tax (IHT) purposes.Historically, many pension pots have fallen outside the IHT net, making them a useful vehicle to transfer wealth through generations. But under new rules, announced in the 2024 Autumn Budget by then chancellor Rachel Reeves, unused pension funds will no longer be able to be passed down without facing an IHT liability from 6 April 202
  
  Read more

• Trump orders the ceremonial changing of the tariff guard

  20-07-2026 13:31 via ft.com
  The bogus rationale for duties has rotated from economic emergency to balance of payments to unfair trade
  
  Read more

• FirstFT: Andy Burnham weighs Number 10 overhaul

  20-07-2026 12:13 via ft.com
  Also in today’s newsletter: Oil rises above $90 and Morgan Stanley takes AI deal crown
  
  Read more

• Live: Andy Burnham becomes prime minister – what could be announced?

  20-07-2026 11:43 via moneyweek.com
  
  Andy Burnham is set to become prime minister today, replacing Keir Starmer.Burnham will give a speech in Downing Street around lunchtime, laying out his plans for the UK.The ex-Mayor of Manchester will also announce his cabinet this afternoon.Shabana Mahmood is tipped to become the new chancellor, replacing Rachel Reeves.| Will Andy Burnham 'wilt like a lettuce'? | Could Burnham lower ‘mansion tax’ threshold? | Is the triple lock safe under Burnham? | Who could be Burnham’s cha
  
  Read more

• Andy Burnham becomes prime minister – what could be announced?

  20-07-2026 11:43 via moneyweek.com
  
  Andy Burnham is set to become prime minister today, replacing Keir StarmerBurnham will give his first speech in Downing Street around lunch timeThe ex-Mayor of Manchester will also announce his cabinet this afternoonShabana Mahmood is tipped to become the new chancellor, replacing Rachel Reeves| Will Andy Burnham wilt like a lettuce? | Could Burnham lower ‘mansion tax’ threshold? | Is the triple lock safe under Burnham? | Who could be Burnham’s chancellor? |Andy Burnham takes o
  
  Read more

• How hedge fund wizard Michael Platt lost a £200m tax battle

  20-07-2026 08:00 via moneyweek.com
  
  “I hate losing money more than anything. Losing money is what kills you. It is not the actual loss. It's the fact that it messes up your psychology,” Michael Platt of BlueCrest Capital Management observed in 2012. So, just imagine how angry he is at losing a high-stakes £200 million battle with HMRC over the employment status of some of his traders, says The Times. The Supreme Court has thrown out BlueCrest's appeal, ruling that payments to some of BlueCrest's “partners&r
  
  Read more

• FirstFT: Burnham weighs Number 10 overhaul

  20-07-2026 06:32 via ft.com
  Also in today’s newsletter: Oil rises above $90 and Morgan Stanley takes AI deal crown
  
  Read more

Follow @Economy_UKnws on Twitter!