UK trade deal fails to deter recession fears

Compared to many countries, the UK got away with it on ‘Liberation Day’. However, with cars being the UK’s largest export to the US, Prime Minister Keir Starmer was keen to strike a deal and further the duo’s ‘special relationship’. Experts at Fisher Investments argue that, if you look underneath the bonnet, this deal lacks substance and reads like a letter of intent, listing terms the two will agree to later. It fails to address digital services tax, pharmaceuticals, and is not a free-trade arrangement. It appears that the 10% tariff is here to stay in all future deals. Add in the fact that...