Tag: islam
Faisal Islam: A UK-US deal sounds good but it is all about the detail
US Vice-President JD Vance said there was a “good chance” a trade deal could be reached with the UK, suggesting it would be easier to land than with other European countries due to “a much more reciprocal relationship”. UK business and trade minister Sarah Jones welcomed Vance’s comments and said talks to secure a deal…
Faisal Islam: Trump may have backtracked, but this is far from over
There were some heroic efforts overnight from Donald Trump and those around him to suggest the past seven days were something other than absolute chaos. By this reading, Trump’s 4D game of chess has left China in check. Certainly the Chinese economy faces a massive hit from punitive tariffs in its biggest market. But even…
Faisal Islam: Mortgage rates are not rising yet but Reeves has to act
It has not been a good week for Chancellor Rachel Reeves. Government borrowing costs have hit their highest level in 16 years and the pound has fallen to a 14-month low against the dollar. She has gone on a planned trip to China amid accusations from opposition parties that she is leaving at a moment…
Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves
Economists have warned that the government is “on course” to miss its own Budget borrowing targets after interest rates for UK long-term borrowing rose to their highest levels this century. The official forecaster, the Office for Budget Responsibility will start the process of updating its forecast next month, to be presented to parliament in late…