Sir Keir Starmer has said his government stands ready to use industrial policy to "shelter British business from the storm" after Donald Trump's new 10% tariff kicked in.
Jaguar Land Rover (JLR) has said it will "pause" shipments to the US as the British car firm works to "address the new trading terms" of Donald Trump’s tariffs.
Ford and Stellantis are offering employee-pricing programs, while Hyundai said it would not raise prices for at least two months to ease consumer concerns.
Sir Tom Scholar, the former top Treasury civil servant sacked by Liz Truss during her premiership, is being lined up as the next chairman of Santander UK, Britain's fifth-biggest high street bank.