Financial Services UK

Tech tax was never set in stone, says Britain’s trade chief as Trump tariffs loom
Trade Secretary Jonathan Reynolds hints that digital services tax could be revamped as U.K. faces U.S. pressure to pare it back.

UK not retaliating to Trump’s latest tariff threat, chancellor says

Trump’s deal with Putin faces European reality check

From welfare cuts to Trump tariffs: 7 takeaways from the UK spring statement

Trump trade war would deal ‘major blow’ to UK growth

Spring statement: UK growth forecast halved as Reeves slashes welfare

No Plan B? Labour’s Project Growth still isn’t paying off
UK says it has £25 billion in frozen Russian assets
The amount of frozen Russian assets in the U.K. has increased by 10 percent in a year.
Bank of England holds key rate as Trump trade war clouds inflation outlook
By contrast, the rest of Europe is eyeing an acceleration in growth, as Germany prepares to open its wallet to restore its infrastructure and its defense capabilities.
UK law firm slapped with £465K fine for Russian sanctions breach
Herbert Smith Freehills’ Moscow subsidiary made six payments of just under £4 million to sanctioned individuals who were subject to an asset freeze.
Why sh*t’s about to get real for Keir Starmer
A flurry of crucial policy reviews on areas that could define the U.K. prime minister’s government are coming due. POLITICO has you covered.
UK finance watchdogs drop DEI drive amid Trump backlash
The PRA and FCA will no longer bring forward proposals to require City of London firms to set diversity targets.
This newbie UK minister faces a baptism of fire on a key Labour promise
Miatta Fahnbulleh, left-wing-economist-turned Labour minister, has been tasked with cutting Brits’ energy bills. But convincing the Treasury to budge makes it a mammoth task.
Keir Starmer preps major UK deregulation plan
Announcement slated to take place before cash-strapped Chancellor Rachel Reeves’ spring statement later this month.
UK Treasury plots bailout for stricken Thames Water
Debt-laden water supplier has secured a private emergency loan — but can’t use it because of ongoing legal action.
Trump trade war could have ‘substantial’ impact on UK, says Bank of England boss
Andrew Bailey tells MPs it would be a “very damaging thing for the world” if U.S. president pulls out of World Bank and International Monetary Fund too.
France warms to idea of seizing Russian assets in Europe
Paris is looking into whether Russia’s €200 billion can be used to guarantee new loans to Ukraine.
Trump exempting us from tariffs won’t prevent economic damage, says UK’s Reeves
Trump imposed a flat 25 percent tariff on goods from Mexico and Canada, and increased duties on Chinese goods from 10 to 20 percent.
EU pushes emergency plan to send €150B in defense loans to governments
Hours after Trump suspends aid to Ukraine, von der Leyen unveils blueprint to help countries rearm and send weapons to Kyiv.
UK targets Russian oligarchs ahead of Trump-Starmer meeting
UK says Russian oligarchs with links to the Kremlin will be banned from entering the country.
The three big roadblocks on the way to a UK-India trade deal
Britain’s trade chief travels to Delhi Monday to resurrect the long-drawn-out talks. POLITICO’s trade reporters set out the challenges ahead.
UK’s Starmer to meet Trump next week
Prime minister heads to Washington to meet with US president as European capitals fret over Ukraine’s future.
Trump sets out process for imposing global reciprocal tariffs
The president tasked top Cabinet officials to study the matter further before deciding on specifics.
Britain signals loosening of Syria sanctions after fall of Assad
Minister says tweaks will support Syrian people “in re-building their country.”
The UK economy just about grew at the end of 2024
News offers a sliver of relief to Keir Starmer’s government.
Keir Starmer plots visit to China. He just needs a policy first
Trip would be first by a UK prime minister in more than seven years — but there is still a live debate about the Labour government’s “audit” into its China policy.
Trump’s ‘reciprocal’ tariffs could target EU’s value-added taxes
President Donald Trump is expected to sign a reciprocal tariff executive order Thursday.
Brexit reset tested as Brussels and London fight about finance
Two decisions by British watchdogs, both of which have a direct effect on the EU, blindsided Brussels and threatened to derail healing wounds.
US judge orders sweeping restriction on DOGE access to sensitive Treasury data
The judge limited access to “civil servants with a need for access” who have “passed all background checks and security clearances.”
Bank of England deals double blow to Keir Starmer
Pain for the UK government as BoE cuts growth forecasts but raises its estimates for inflation.