Financial news

• Starmer announces tariff cuts on UK cars, steel and aluminium in US trade deal – video

  08-05-2025 19:02
  Speaking at a Jaguar Land Rover plant in the West Midlands, the British prime minister said the deal meant US tariffs on cars from the UK would be cut from 27.5% to 10% for 100,000 vehicles every year. The announcement by the two countries made the UK the first to agree a trade deal with Washington since Donald Trump imposed sweeping tariffs in April on what he called 'liberation day'. The US president's tariffs sent global stock markets plunging for days until he announced a 90-day pause, which
  
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• Donald Trump 'loves' UK trade deal - and that should terrify Keir Starmer

  08-05-2025 18:41 via express.co.uk
  US President Donald Trump today hailed a 'great' trade deal that will "open up" the UK. And it will. Like an oyster.
  
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• Leave them hanging on the telephone | Brief letters

  08-05-2025 18:04 via theguardian.com
  Cold callers | Children reading | Push on with mowing | Not so quick crossword | Biscuit breakRegarding dealing with cold callers (Adrian Chiles, 7 May), it’s irritating I know, but if you don’t mind your phone being inaccessible for a few minutes, why not say: “Hang on, I’ll go and get him/her”, and then leave your phone until the caller rings off? At least you will have wasted some of their day.
  Robert Walker
  Perrancoombe, Cornwall• Re fostering a love o
  
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• Average water bills likely to hit £2,000 a year by 2050, says Ofwat

  08-05-2025 16:18 via theguardian.com
  Customers in line to pick up cost of vital investment and river cleanups, regulator tells inquiryThe average household water bill in England and Wales is likely to reach £2,000 a year by 2050 if supplies are to be maintained, the industry regulator has said.In its submission to the government-commissioned water inquiry, led by Sir Jon Cunliffe, Ofwat said “significant investment” was needed to secure enough water and avoid the country running out, and that this would cause cost
  
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• State pensioners urged to do one thing now to secure extra £694.43

  08-05-2025 15:45 via express.co.uk
  Brits face a looming 'stealth tax' and have been advised to act quickly.
  
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• Mortgage holders could save nearly £350 a year after interest rate cut

  08-05-2025 14:31 via express.co.uk
  Bank of England's decision to lower interest rates by 0.25 percentage points will primarily affect borrowers on tracker deals
  
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• WASPI update as three key 'forces' identified as vital to compensation payouts

  08-05-2025 14:09 via express.co.uk
  The campaign has launched a legal challenge in its efforts to get compensation
  
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• UK interest rate cut: what does it mean for mortgages and savings?

  08-05-2025 13:03 via theguardian.com
  The Bank of England has voted to cut the cost of borrowing, reducing the base rate to 4.25%. Here’s what it means for youUK interest rates fall to 4.25%Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertainBusiness live – latest updatesThe Bank of England has cut interest rates from 4.5% to 4.25%. It follows two interest rate cuts in the second half of last year, and another one in February this year. Continue reading...
  
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• Does Britain need 24-hour slot machines? There must be better things to do at 3am | Adrian Chiles

  08-05-2025 12:00 via theguardian.com
  Gambling arcades that never close are spreading across the country. I’m not against having a flutter, but seriously, in the middle of the night?I was in the West Midlands early one morning this week when I got a message from an Irish friend in Abu Dhabi. It was a link to a story that had shocked him – about the proliferation of 24-hour high street gambling arcades in parts of Britain.This friend is so into horse racing that when he starts banging on about it, I can understand hardly
  
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• How Temu uses casino tactics to make us spend – video

  08-05-2025 10:40
  Temu’s deals feel like a game but behind the scenes the Chinese shopping app uses underhand psychological tactics known as ‘dark patterns’ to keep us spending. Temu was the most downloaded app in the UK, US, Australia and Canada at the beginning of last year. Neelam Tailor uncovers the tactics the shopping app borrows from casinos and gaming apps to manipulate shoppers, and explores the environmental, ethical and data privacy risks that come with those bargain hauls Continue re
  
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