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Trump’s tariffs and soaring wage costs ensure rocky year for UK economy

Trump’s tariffs and soaring wage costs ensure rocky year for UK economy

Households and businesses have endured a bumpy ride over 2025 as the impact of tax hikes and US President Donald Trump’s trade war weighed on the economy, but another slew of interest rate cuts helped cushion the blow.

Chancellor Rachel Reeves dealt a hammer blow for businesses in April, with the increase in national insurance contributions coinciding with a signi...

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