UK Prime Minister Keir Starmer faces mounting pressure to take a tougher stance against US President Donald Trump's proposed tariffs on British exports, which could trigger a global trade war and severely damage the UK economy. While Starmer has so far adopted a cautious approach, critics argue that this risks emboldening Trump and urge him to follow the lead of Canadian Prime Minister Mark Carney, who took a public stand against US tariffs.
NatWest is celebrating a decade of its free NatWest Accelerator programme by launching the Accelerator Pitch competition, offering ambitious UK entrepreneurs a chance to win a share of £1 million in funding to fuel their business growth. Shortlisted entries will compete in regional finals, with the top businesses receiving substantial funding to scale their operations.
Britain faces a major economic hit as President Trump imposes new global trade tariffs, with Downing Street expecting duties of up to 20% to take effect on Wednesday. Despite negotiations, the US has declined to exempt the UK, prompting concerns about a potential surge in cheap foreign imports and a blow to GDP.
Mark Cuban, a self-made billionaire, believes in shrinking the government but emphasizes the need for a well-defined plan and transparency to avoid unintended consequences. He criticizes the current approach as "ready, fire, aim," advocating for a more measured strategy that minimizes disruption and communicates the rationale behind the cuts.
Fundstrat's Tom Lee believes markets are poised for a rebound despite widespread investor anxiety ahead of President Donald Trump's anticipated tariff announcement on Wednesday. Lee sees Bitcoin as a potential leader in the rebound and believes post-Wednesday announcements will provide more clarity and alleviate some selling pressure.