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    Trump tariffs: Here’s what the UK trades with America

    Donald Trump has imposed 10 per cent tariffs on all of the United Kingdom’s exports to the United States.There are higher tariffs for cars and car parts – 25 per cent – which will also extend to all computer imports, including laptops.The list includes tariff codes for engines, transmissions, lithium-ion batteries and other major components, along with less expensive parts including tires, shock absorbers, spark plug wires and brake hoses.Trump says the tariffs are the US’s “declaration of independence”.However, UK businesses have labelled them “devastating”.Here is a look at how much trade the UK has with the US, based on figures published by the Office for National Statistics.U.S. President Donald Trump announces tariffs in the Rose Garden at the White House More

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    Controversial two-child benefit cap ‘plunges extra 30,000 children into poverty since Labour came to power’

    An extra 30,000 children have been pulled into poverty by the controversial ‘two-child limit’ on benefits since Labour came to power, according to new research ahead of the eight anniversary of the policy. Last July ministers said they would consider ditching the “cruel” cap, in a bid to head off a backbench Labour revolt on the issue. But there has been no movement since, while official documents last week showed that separate moves to slash an extra £5 billion from the welfare bill are set to drive another 50,000 kids into poverty. Prime Minister Sir Keir Starmer (Ben Stansall/PA) More

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    Starmer’s Farage-focused local elections launch shows he knows Reform is the real threat to Labour

    There were two insurgent right-wing populists looming over Sir Keir Starmer’s local election launch on Thursday. Donald Trump, because the US president’s “Liberation Day” tariffs threaten to blow the PM’s “plan for change” out of the water. And Nigel Farage, who Sir Keir fears will snap up hundreds of local council seats in Reform UK’s first major test since the general election.The Reform UK leader has promised to field candidates in 99 per cent of the seats up for grabs, and could stamp his party’s authority as a real electoral force, not just a passing fad, in the polls amid anger among voters at Labour’s failings. Keir Starmer and Angela Rayner launched their local election campaign in Chesterfield on Thursday More

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    Conservatives should stand aside and let Reform win Runcorn by-election, says senior Tory MP

    The Conservative Party should let Reform UK win the Runcorn by-election next month as part of an “electoral pact” between the two parties, a senior Tory MP has said. As the Conservatives continue to lag behind in the polls, former Cabinet minister Esther McVey appeared to defy party leader Kemi Badenoch and advocate an alliance with Nigel Farage’s party. It comes just weeks ahead of the Runcorn and Helsby by-election, which will see both Reform and the Conservatives attempt to overturn Labour’s 15,000 vote majority in the safe seat. The area has been held by Labour for more than 40 years. Ms McVey said the by-election was a chance for the Tories to let Reform pick up a victory, with the expectation they would then allow the Tories to do the same elsewhere. Conservative former minister Esther McVey has suggested her party should stand aside at the Runcorn byelection (Jacob King/PA) More

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    UK could retaliate to Trump’s tariffs if no US trade deal is secured, business secretary says

    Keir Starmer’s government could hit the US with retaliatory tariffs if the UK cannot strike a trade deal with Donald Trump. Business Secretary Jonathan Reynolds told MPs that ministers will look at “possible retaliatory action” in response to 10 per cent levies on British goods entering the US,as officials work through 417 pages of products they could target. It comes as the prime minister was unable to rule out another tax raid or more cuts to benefits in a bid to balance the government books. The Office for Budget responsibility (OBR) had already warned Trump tariffs would wipe out all the fiscal headroom established by chancellor Rachel Reeves in her spring statement last week.And as businesses began to assess the economic turmoil unleashed by the US president the Federation of Small Businesses (FSB) revealed that around a third (32 per cent) of small and medium sized firms have been hit by the tariffs.Prime Minister Sir Keir Starmer (Jonathan Brady/PA) More

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    True scale of welfare cuts ‘closer to £9bn’, experts warn

    Labour’s recently announced cuts to welfare spending may be much more severe than the government is claiming, several experts have warned. The headline £4.8bn figure placed on the cuts conceal their ‘true scale’, new analysis argues, as ministers continue to rebut criticism of the measures.The reforms, which largely focused on health and disability benefits, were announced by work and pensions secretary Liz Kendall on 18 March. The following week, chancellor Rachel Reeves revealed the scale of these cuts to be £4.8bn at Labour’s spring statement – as independently assessed by the Office for Budget Responsiblity (OBR).Announcing the plans, Ms Reeves said: “The Labour Party is the party of work. We believe that if you can work, you should work. But if you can’t work, you should be properly supported.”But a new report from the New Economics Foundation (NEF) has found that around £2bn in cuts has gone unstated due to how the OBR has costed the proposals. In its forecast, the spending watchdog takes £1.6bn away from the headline cuts figure to reflect Labour’s decision not to continue Conservative proposals to reform the Work Capability Assessment (WCA).Chancellor Rachel Reeves delivering her spring statement in the Commons (House of Commons) More

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    Trump’s tariffs, Brexit and Keir Starmer’s next move: Ask John Rentoul anything in exclusive Q&A

    Welcome to an exclusive Ask Me Anything session with me, John Rentoul, The Independent’s chief political commentator.Keep scrolling for more. If you want to jump straight to the Q&A, click here.Donald Trump has launched a fresh wave of tariffs, including a 10 per cent duty on all British exports to the US, in a dramatic escalation of his trade war. Dubbed “Liberation Day”, the president’s announcement has sent shockwaves through global markets, with European nations hit even harder, some facing tariffs of up to 34 per cent.The UK government, under Keir Starmer, has so far failed to secure an exemption, though officials insist negotiations are continuing. Ministers argue that Britain’s 10 per cent tariff – half the level imposed on EU nations – is a sign of their diplomatic strategy paying off; although Brexiteers claim it as a benefit of leaving the EU. Even so, British businesses, especially in the automotive and manufacturing sectors, will still suffer.In response, the Labour government is balancing two key trade relationships: managing the fallout with the US while fending off calls to pivot back towards Europe. At home, Starmer’s administration is under pressure to act decisively. The prime minister insists he will take a “calm, pragmatic” approach, refusing to be drawn into retaliatory tariffs. Business leaders, however, are growing increasingly concerned.So, what does Trump’s latest move mean for the UK economy? How will it impact post-Brexit Britain’s place on the global stage? And what should Starmer’s next steps be?Join me live at 1pm BST on Friday, 4 April, as I tackle your questions on tariffs, Brexit, UK-EU relations, and what the markets might do next.Submit your questions in the comments below. If you’re not already a member, click “sign up” in the comments section to participate. For a full guide on how to comment, click here.Don’t worry if you can’t see your question right away – some may be hidden until the Q&A starts. See you at 1pm! More

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    The truth about Trump’s tariffs and the ‘Brexit dividend’

    Within minutes of Donald Trump’s announcement on so-called “reciprocal tariffs” around the world, Brexiteers were claiming victory because the UK escaped with half the rate imposed on the EU.But if the UK’s 10 per cent import tariffs to the American market compared to the EU’s 20 per cent, is the best economic justification for Brexit that can be made, then supporters of leaving the EU are clutching at straws.The first and most obvious point is that Brexit has not spared the UK from having tariffs imposed on it by the one world leader who was the biggest cheerleader outside Britain for the UK leaving the EU.Trump with his tariffs list More