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The Latest Breaking News from William Bain

UK consumers likely to face higher prices ‘for many months to come’

Data shows even if Iran war ends, shop price inflation on rise, while only 16% of firms left unscathed by conflict

The Guardian - UK

Ending UK customs relief on low-value imports could push up prices, BCC says

Business group warns of harm to small firms and trade as it calls for phased end to ‘de minimis’ exemptions

The Guardian - UK

UK must ‘prepare for the worst’ after Trump tariff change, government warned

British firms have faced a rollercoaster of uncertainty when it comes to doing business in the US

The Independent UK

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Donald Trump’s new global tariffs come into effect at lower-than-feared 10%

The US president had declared on Saturday that he would increase sweeping global tariffs to 15% after last week’s Supreme Court ruling.

Evening Standard

US will not back out of its tariff deals with UK and others, says Trump trade representative

Promise comes as minister admits to ‘uncertainty’ about new 15% levy on imports from around the world

The Guardian - UK

Trump tariff court ruling does little to end uncertainty for global business

British Chambers of Commerce official says US supreme court decision ‘does little to clear the murky waters’

The Guardian - US

World stock markets brace for turbulence after Trump’s latest tariff shock

Losses on stocks likely with precious metals forecast to spike even higher after move to impose 25% levies on European allies

The Guardian - UK

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Boarding school pupils ‘exposed to paedophiles’ amid ‘cover-up’, inquiry finds

Lady Smith said Keil School had sought to protect its reputation, and hailed the ‘fresh prosecutions’ of two former teachers.

The Independent UK

Former Scots boarding school teacher jailed for nine years for the abuse of 11 boys

A former Scots boarding school teacher has been jailed for nine years for the abuse of 11 boys

The National (Scotland)

'Dumb or dishonest': Donald Trump hitting UK with tariffs because of VAT slammed by top tax expert

A senior minister said the Government would ‘wait and see’ whether tariffs announced on Thursday ‘actually come to pass’

Evening Standard

Government faces VAT challenge as Trump announces more tariffs

A senior minister said the Government would ‘wait and see’ whether tariffs announced on Thursday ‘actually come to pass’.

The Independent UK

Small UK businesses complain of being caught unawares by EU ‘red tape’

New safety regulations have led SMEs to stop sales to bloc and Northern Ireland while they work out how to comply

The Guardian - UK

Businesses Say Post-Brexit Border Checks Causing Chaos, With Price Hikes Hitting Consumers

Businesses say post-Brexit border checks are causing disruptions, jacking up companies' operating costs and passing on price hikes to consumers.

International Business Times UK

More than half of UK exporters affected by Houthi disruption, survey shows

Costs are escalating amid delays, according to British Chambers of Commerce research that shows UK retailers have also been hit

The Guardian - UK

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International Business Times UK

UK and Ukraine Extend Tariff-Free Trade Agreement to Aid Ukrainian Businesses

The agreement, which covers the majority of goods, is extended for an additional five years, providing much-needed economic support to Ukrainian businesses impacted by the war.

International Business Times

UK Facing Brexit Realities After Failed Canada Talks

The UK's failed free trade talks with Canada show that it is struggling to deliver on its promises to thrive after Brexit, experts said on Friday.

The Guardian - UK

British exporters call on government to ease post-Brexit trade frictions with EU

Though Johnson promised ‘no non-tariff barriers’, firms say they are struggling under ‘compliance burden’ of customs and safety checks

The Independent UK

Business chiefs urge Labour to consider ‘fantastic’ plan to rejoin EU under new membership scheme

Exclusive: Labour leader told to ‘keep an open mind’ about radical plan to give UK access to single market

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The Independent UK

Brexit checks on food imports pushed back until 2024 in fifth delay

New controls will bring ‘considerable benefits’ to trade, says Tory minister – as latest red tape wave pushed back until January 2024

The Independent UK

Ministers announce plans for streamlined post-Brexit trade checks with EU

The Government has delayed implementing the trade checks on goods coming from the EU several times since the Brexit withdrawal.

The Guardian - UK

Most UK businesses think ‘Brexit freedoms’ not a priority, survey finds

Study by British Chambers of Commerce reveals flagship bill to purge EU laws is low priority for firms

Tribune News Service

Planned Parenthood shooter Robert Dear hearing delayed as court awaits medication decision

COLORADO SPRINGS, Colo. — Robert Lewis Dear Jr.'s case will be addressed in federal court at the end of the month in another step toward assessing his ability to stand trial, Fourth Judicial District Chief Judge William Bain said Friday.

The Guardian - UK

British exporters report stagnating trade as post-Brexit delays blamed

Customs checks and border queues cited as leading barriers, as only 29% of firms say sales increased in Q2

The Guardian - UK

India is a huge – but elusive – trade prize for Boris Johnson

Analysis: Deal is seen by some as single most important UK negotiation, but agreement will take time

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