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The Guardian // Business // Economics

UK public finances ‘facing mounting risks’, OBR warns; Stock markets shrug off Trump tariff letters – business live

Tuesday 8th July 2025, 9:06AM

OBR report warns that UK public finances are in a relatively vulnerable position and facing mounting risksTrump delays tariff hikes again but announces new rates for some countriesExplainer: tariff threats draw muted reaction from Asian allies amid hopes deals can be reachedThe London stock market has opened slightly higher.The FTSE 100 share index has risen by 12 points, or 0.14%, to 8819 points, with mining companies among the risers.“Specifically, MITI will continue discussions with its US counterparts in good faith to address outstanding issues, clarify the scope and impact of the announced tariffs, and pursue avenues for the timely conclusion of our negotiations.” Continue reading...

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