It was the eighth rate cut in the past year, extending the bank’s divergence from the Federal Reserve, which has held rates steady since the end of last year.
Britain is spending billions of pounds more on defense, but wants the money to go beyond nuclear submarines to improve local jobs and prosperity. Barrow-in-Furness may be the model.
Pandora, the Danish jewelry company, said it was “battle ready,” with plans to raise prices and reroute shipments from the United States, but tariffs could potentially cost it millions of dollars.
IAG, the airline’s parent company, announced the order a day after Britain and the United States confirmed the framework for a trade agreement to lower tariffs.
After struggling through pandemic shutdowns and twin Hollywood strikes, the British film and TV industry is worried that duties will wreak devastation.
The deal still has to be finalized, but it was hailed as a success by both countries for being the first since President Trump announced broad tariffs in April.