- President Donald Trump insists that Prime Minister Keir Starmer is "very happy" about Britain’s treatment on tariffs, despite the 10 per cent “reciprocal” levy and reports British ministers are preparing for retaliation.
- UK officials expressed concern over the tariffs and the potential economic impact on British citizens, while exploring retaliatory options.
- The tariffs pose a risk to the UK chancellor's fiscal headroom, potentially making spending cuts or tax increases necessary.
- Starmer acknowledged the economic impact of the tariffs and emphasised the need for the UK to adapt to a changing economic landscape.
- He declined to rule out future benefit cuts to address potential financial shortfalls resulting from the trade war.
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