In a surprising twist of events across the pond, the Office for Budget Responsibility (OBR) is bracing the UK for the storm that is Donald Trump's Liberation Day tariffs. Set to potentially sweep in tomorrow, these tariffs threaten UK exports to the U.S., shaking up markets.
Chancellor Rachel Reeves, now primed for tax hikes, must navigate this potential economic iceberg with her "iron-clad" fiscal rules in peril. As the UK government scrambles for exemptions in Washington, the specter of recession looms over Britain. Brace yourselves; this tariff tale is just beginning.