There are several dimensions to consider when looking at how U.S. tariffs might drive up drug costs for the NHS in the United Kingdom.
UK Export Finance has guaranteed £184 million in financing for one of Taiwan's largest offshore wind projects. The deal secures £55 million in manufacturing and service contracts for British suppliers, supporting local jobs and economic growth.
A new report from Aston Business School evaluates the economic fallout of US tariffs across six potential future scenarios, from unilateral US actions to a full-scale global trade war, and outlines strategic responses for the UK. Significant disruptions in trade, widespread price hikes and welfare losses could have a global economic toll of $1.4 trillion, under the worst-case scenario.
More unpaid carers in Scotland could benefit from financial support as a key change in eligibility rules comes into effect from 6 April 2025. The earnings limit for Carer Support Payment will increase from £151 to £196 a week.
The United States has recently announced new tariffs on imports from the United Kingdom. A 10% tariff will be applied to all UK goods exported to the US2.
Consumers can adopt several strategies to mitigate the impact of increased prices due to new tariffs. Here are some effective approaches: Seek Domestic Alternatives and Substitute Products: Since tariffs often hit imported goods hardest, consumers can look for domestic or alternative substitutes that are less affected by the tariff hike.
The Minister for Investment has signed a new partnership with Singaporean bank OCBC, which will help unlock £10 billion of investment into key priority sectors in the UK. Minister for Investment Poppy Gustafsson signs new partnership with OCBC, Singapore's second largest bank, to facilitate £10 billion investment into the UK.
Eight leading Scottish games companies are to showcase their products and expertise to a global audience. They will leave on 5th April for a two week visit to Japan, one of the world's biggest and most influential gaming markets, which will see them meet potential new investors, customers and commercial contacts.
Prime Minister's remarks delivered to UK business leaders in 10 Downing Street this morning. Thank you for joining me in Downing Street today.
UK fishers demonstrating environmental, social, and economic benefits from quota use to be awarded additional quota. UK fishers demonstrating how they will deliver environmental, social, and economic benefits will be awarded with additional quota this week.
UK entrepreneurs have a proven track record of turning challenges into opportunities. The nation's trading heritage is deeply intertwined with a dynamic spirit that embraces risk, innovation, and creative problem-solving.
Scottish whisky producers are no strangers to overcoming trade challenges, and many in the industry view the new U.S. tariffs as another hurdle to be navigated through a mix of innovation, strategic restructuring, and proactive government engagement.
PURSUING RECIPROCITY TO REBUILD THE ECONOMY AND RESTORE NATIONAL AND ECONOMIC SECURITY: Today, President Donald J. Trump declared that foreign trade and economic practices have created a national emergency, and his order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers.
Public‑private partnerships (PPPs) can act as powerful accelerators for adaptive initiatives, especially in complex trade environments such as those affected by tariff changes. By uniting the strengths of both the public and private sectors, PPPs can help facilitate rapid, large‑scale transformation in ways that neither could achieve alone.
Five years ago, the UK was in the grip of its first Covid lockdown. As all non-essential stores closed, home deliveries became vital services and delivery drivers were designated key workers.
Both the UK and Scotland stand to gain significantly by harnessing and enhancing their competitive strengths in today's rapidly changing global economy. By leveraging their established sectors and investing in innovation, they can attract inward investment, boost exports, and ultimately drive higher productivity and job creation.
Caithness, with its unique character as a rural and entrepreneurial region in Scotland, indeed holds several advantages to exploit in the new tariff landscape. The area's inherent strengths—ranging from local resourcefulness to sustainable practices—can pave the way for local businesses to innovate and buffer against external trade shocks.
The impact of new international tariffs on shop prices isn't always immediate or uniform. It depends largely on a mix of factors, including the type of product, supply chain arrangements, and broader economic conditions.
A first of its kind partnership between the government and private sector could see over £100 million invested into the UK's growing fusion energy industry. Government invests £20 million into "Starmaker One" - a British fusion investment fund which is expected to leverage £100 million into the UK.
Small rural businesses can adopt a range of strategies to lessen the blow of new U.S. tariffs.
