Mehreen Khan

UK will not lower import standards for hormone-treated beef and American trucks, says chancellor as she heads to Washington

US Treasury secretary says the White House is willing to reduce trade imbalances with Beijing

The Bank’s governor says the UK must take Donald Trump’s treasury secretary Scott Bessent seriously over trade imbalances being a threat to the world economy

The chancellor is considering reducing import tariffs on American cars in return for lower levies on British motors

The chancellor tells the IMF that ‘well-meaning’ regulations have gone too far and are hindering the construction of windfarms, houses and railways

The Bank’s rate setters are still not convinced of the need for significant monetary easing to cushion the blow from global uncertainty

Shares in industrial exporters enjoyed a strong rally on the FTSE 100 on the news that tariffs will be cut, while the Bank of England cut interest rates

The world’s two biggest economies will be holding trade talks over the weekend in an effort to free up goods shipments

Huw Pill, who was outvoted on interest rates this week, says trade uncertainty will not ‘paralyse’ the Bank’s decision-making on monetary policy

GDP grew 0.7% in the first quarter beating forecasts from the Bank of England and economists