Sen. John Fetterman, D-Pa., is continuing to advocate for the destruction of Iran’s nuclear program. ‘Waste that s—,’ the lawmaker declared to the Washington Free Beacon. ‘You’re never going to be able to negotiate with that kind of regime that has been destabilizing the region for decades already, and now we have an incredible window, I believe, to do that, to strike and destroy Iran’s nuclear facilities.’ ‘Years ago, I completely understood why Trump withdrew...
Sen. John Fetterman, D-Pa., is continuing to advocate for the destruction of Iran’s nuclear program. ‘Waste that s—,’ the lawmaker declared to the Washington Free Beacon. ‘You’re never going to be able to negotiate with that kind of regime that has been destabilizing the region for decades already, and now we have an incredible window, I believe, to do that, to strike and destroy Iran’s nuclear facilities.’ ‘Years ago, I completely understood why Trump withdrew...
An aversion to tax increases has long been one of the Republican Party’s core pillars, but tradition was upended in recent weeks as discussions of a potential new millionaires’ tax hike hit Capitol Hill. It’s baffled some members of the GOP’s old guard, though Republican operatives who spoke with Fox News Digital were less surprised. They said those conversations were largely ushered in by the party’s growing populist wing. ‘I’m not sure if I’m surprised...
The Trump administration is warning of ‘serious consequences’ over Russia’s plans to open a naval base in war-torn Sudan. News of the development of the base has triggered an unusual warning from the State Department, Fox News Digital was told. A State Department spokesperson told Fox News Digital, ‘We encourage all countries, including Sudan, to avoid any transactions with Russia’s defense sector.’ The Kremlin appears to be desperate to join the Horn of Africa global...
Chancellor Rachel Reeves has pledged to review a controversial tax loophole that allows low-value goods from Chinese e-commerce giants such as Shein and Temu to enter the UK without paying customs duties—a move aimed at protecting British retailers from unfair competition and goods being “dumped” on the high street. The scheme, known as the “de minimis” rule, currently exempts imports valued at £135 or less from customs duty. The loophole has come under mounting criticism...
Inheritance tax (IHT) receipts have hit a record high of £8.2 billion in the 2024-25 tax year, as rising asset values and long-frozen thresholds continue to draw more families into the tax net—even before major upcoming changes that will extend liability to pensions and farmland. New figures from HM Revenue & Customs show a significant increase from £7.5 billion the previous year and more than double the £3.8 billion collected a decade ago. Financial advisers...
Bank of England governor Andrew Bailey has acknowledged that the United States “has a point” in criticising global trade imbalances, lending support to concerns raised by the Trump administration as the UK grapples with the economic fallout of rising tariffs and geopolitical uncertainty. Speaking at an event hosted by the Institute of International Finance in Washington, Bailey said the central bank was “working through” the potential economic implications of President Trump’s sweeping tariff measures ahead...
US Treasury Secretary Scott Bessent has launched a scathing attack on the International Monetary Fund (IMF), accusing the institution of turning a blind eye to China’s export-led economic dominance and neglecting its core responsibilities in favour of climate and social policy work. In a high-profile speech at the Institute of International Finance in Washington, Bessent criticised the IMF’s latest External Sector Report, which claimed that global imbalances were easing. Describing the report as “Polyanna-ish”, he...
UK luxury brands have been hit with fresh disruption after DHL temporarily suspended shipments worth more than $800 to the United States, as a result of escalating trade restrictions imposed by the Trump administration. The logistics giant halted its business-to-consumer deliveries to the US on Monday, citing a spike in paperwork and customs complexity caused by recent White House policy changes. The decision has sent ripples through the UK’s high-end export industry, which relies heavily...
Chancellor Rachel Reeves has ruled out any lowering of UK import standards on food and vehicles, including chlorinated chicken, hormone-treated beef and US-made trucks, as trade talks with the Trump administration enter a critical phase. Speaking ahead of her first official meeting with US economic officials in Washington this week, Reeves made it clear that British regulatory standards would not be up for negotiation as part of any future UK-US trade deal. “We are not...
