The EU has said it offered the US a "zero-for-zero" tariff deal on cars and industrial goods weeks before Donald Trump launched his trade war, but that it would "not wait endlessly" to defend itself. Maros Šefčovič, the EU commissioner for trade, said he had proposed zero tariffs on cars and a range of industrial goods, such as pharmaceutical products, rubber and machinery, during his first meeting with the US commerce secretary, Howard Lutnick, on 19 February.
Prime Minister Keir Starmer gave remarks at Jaguar Land Rover manufacturing site in the West Midlands. Thank you Rachel and thank you Adrian.
Government and industry to train up 'clean power army' of apprentice engineers, welders, and technicians. Clean energy sector to create thousands of new apprenticeships as part of Plan for Change.
First Minister John Swinney has called for a new package of support for industry from the UK Government in the face of global economic uncertainty. As financial markets react to global events, Mr Swinney has called on the Prime Minister and the Chancellor to change their fiscal rules and commit to a package of investment to support business, workers and consumers.
As the new tax year begins in April, the outlook for living standards is historically bleak as British households face a triple-hit from higher taxes, utility bill increases. Benefits that aren't keeping pace with the cost of living - leaving the typical working-age household £400 worse off this financial year, according to new analysis from the Resolution Foundation.
New figures show an extra 1,503 GPs have been recruited since 1 October thanks to government action. New figures show over 1,503 extra GPs have been hired through new scheme since 1 October.
Spot, the robot "dog," recently assisted colleagues in Dounreay's Fuel Cycle Area by reactivating a crucial building crane in a reprocessing plant. The crane had been deactivated at the switchboard in 2023 due to concerns about the ageing asset.
As politicians around the world scramble to respond to US "liberation day" tariffs, consumers have also begun flexing their muscles. "Boycott USA" messages and searches have been trending on social media and search engines, with users sharing advice on brands and products to avoid.
Today's stock market drop is being driven by significant global economic concerns, primarily sparked by the announcement of sweeping tariffs by former U.S. President Donald Trump.
the Hong Kong stock market is experiencing record turnover levels today, 7 April 2025. The total turnover for the main board has reached HK$412.6 billion, reflecting the intense trading activity amid the market turmoil.
UK hypersonic research, which could see weapons travelling at several thousand miles per hour, has reached a landmark moment after successful completion of a major testing programme. UK scientists complete major hypersonic propulsion test, enabled by close collaboration between UK government, industry and US government.
Energy prices in the UK are likely to be affected by the ongoing market turmoil. The interconnected nature of global energy markets means that fluctuations in oil and gas prices, as well as geopolitical tensions, can have a direct impact on UK energy costs.
A new wave of hydrogen powered projects have been shortlisted today to help cut emissions and create thousands of jobs in the UK's industrial heartlands. 27 hydrogen projects advance to next stage of government's flagship hydrogen programme.
Pension Funds and Investments: Many UK consumers have pensions or investments tied to the stock market. A significant drop in stock prices can reduce the value of these assets, potentially impacting retirement savings and long-term financial plans.
The First of a Kind competition boosts innovation on the railways, improving passenger experience through cutting-edge technology. £5 million government funding drives pioneering technology to improve passenger experience, encouraging more people to choose rail and supporting economic growth as part of the Plan for Change.
CMA now able to act more swiftly and directly to protect UK consumers and foster a level playing field for businesses to invest and grow. New regime will help the CMA tackle poor corporate practices, protecting consumers and boosting trust and confidence to support economic growth.
The UK has experienced several recessions throughout its history. Here are some notable ones: 1973-1975: Triggered by the oil crisis and stagflation.
The Prime Minister spoke to the Prime Minister of Canada Mark Carney on Sunday evening. They discussed their commitment to working together to maintain global economic stability in the wake of the announcement from the United States this week.
Every quango across government will be reviewed, with a view to close, merge or bring functions back into departments if its continued existence cannot be justified. The Chancellor of the Duchy of Lancaster has written to departments to justify every quango otherwise they'll be closed, merged, or have powers brought back into the department.
The Zero Emission Vehicle Mandate will be changed to make it easier for industry to upgrade to make electric vehicles. 2030 phase out date of new petrol and diesel car sales confirmed with hybrids to be sold until 2035 and small manufacturers exempt.
