Faisal Islam

There is an anxious wait to find out what comes next - and if a currency war will follow.

The impact of the tariffs will be huge, with significant changes to long-standing global avenues of trade.

Manufacturers are expected to ask for state support ahead of next week's 25% tax on exports.

These plans are more geared towards making budgetary numbers add up than fundamental welfare reform.

Cuts to areas including welfare will be put to the official forecaster ahead of the Spring Statement.

Trade Minister Douglas Alexander said the UK would not have "a knee-jerk reaction" but "a clear-headed" response.

In choppy global seas, going for growth will require tricky navigation

China's AI success has come from policy and Chancellor Rachel Reeves's recent visit to China highlights the importance of a close relationship.

Business Secretary Jonathan Reynolds says there is no need for tariffs because the US has no goods trade deficit with the UK.

The marginal dip in UK inflation is unusually important and offers some respite to the chancellor.