Europe politics
fromwww.bbc.com
1 day agoUK seeks closer EU ties in volatile times - but at what cost?
The UK is pursuing closer ties with the EU amid geopolitical instability and aims to enhance economic cooperation post-Brexit.
Nearly half of firms (48%) expected turnover to grow over the next 12 months in the first quarter of the year, up from 42% in the final quarter of 2025.
The Society of Motor Manufacturers and Traders is calling for UK-built vehicles, components and batteries to be granted equivalent status to EU-made products under the proposed 'Made in Europe' framework, arguing that the current draft risks undermining a deeply integrated cross-border industry.
Daisy Cooper urged the Financial Conduct Authority to investigate Nigel Farage over his involvement with bitcoin treasury firm Stack BTC, following a promotional video where Farage executed a £2 million bitcoin purchase on its behalf.
High-level diplomatic talks are underway after Donald Trump announced a global tariff increase to 15%, raising fresh uncertainty for British exporters. The UK Government says it is aiming to secure the "strongest possible trading position" for British firms amid what ministers describe as an evolving situation. Education Secretary Bridget Phillipson said businesses may face short-term uncertainty but insisted Britain expects preferential trade treatment to continue.
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'That's just the tip of the iceberg when it comes to ongoing export costs and delays,' says Parcelhero's Head of Consumer Research, David Jinks M.I.L.T. 'It was not only to EU destinations that export costs rose. 'Costs for shipping to the USA and other international destinations also rose year-on-year. 40.5% of retailers and 36.1% of manufacturers reported their global exports cost them more in December than in the same month of 2024. Trump's tariffs, introduced last April, played a role in this overall increase.
A spokesperson for Downing Street said: The UK government is working with the US to understand how the overturning of Donald Trump's tariffs by the supreme court will affect the UK but expects our privileged trading position with the US to continue. The UK was the first to strike a tariff deal with the US, with 10% tariffs on all imports from Britain, compared with a blanket 15% rate for the EU.