DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News Environment

Trump tariff war puts UK financial stability at risk, Bank of England warns

April 9, 2025
in Environment, News
Trump tariff war puts UK financial stability at risk, Bank of England warns
498
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Trade ructions could rock financial stability by lowering growth, the Bank of England warned Wednesday as U.S. President Donald Trump’s latest round of tariffs take effect.

The global risk environment has deteriorated and uncertainty has intensified, the central bank’s Financial Policy Committee (FPC) said in a record of two meetings held over the past week.

As the prospect of an all-out global trade war grows, the FPC also warned of reduced international cooperation. It highlighted the U.K.’s “open economy with a large financial sector,” meaning that “global risks are particularly relevant to UK financial stability.”

“The probability of adverse events, and the potential severity of their impact, has risen,” the committee said.

“A major shift in the nature and predictability of global trading arrangements could harm financial stability by depressing growth,” it added.

Trump’s additional “reciprocal” tariffs came into force overnight, following days of market volatility in anticipation. The FPC said markets were orderly, despite the exceptionally high volumes — although noted the sharp fall in prices of global equities, risky corporate credit and commodities, and warned the risk of further “sharp corrections” remains “high.”

Still, it said the U.K. banking system is well capitalized and would be able to support households and businesses “even if economic and financial conditions were to be substantially worse than expected.”

However, companies relying on market-based finance face risks from turbulent conditions, the FPC cautioned.

It also warned that growing geopolitical tensions heighten the risk of cyber-attacks, which could disrupt the supply of financial services to U.K. households and businesses.

The post Trump tariff war puts UK financial stability at risk, Bank of England warns appeared first on Politico.

Share199Tweet125Share
Trump calls GOP’s Hawley ‘second tier’ senator after stock trading ban bill advances
News

Trump calls GOP’s Hawley ‘second tier’ senator after stock trading ban bill advances

by Associated Press
July 30, 2025

WASHINGTON (AP) — lashed out at on Wednesday after the Republican’s proposal to ban stock trading by members of Congress ...

Read more
News

Brooke Hogan Shares Emotional Tribute to Father Hulk Hogan in Wake of His Passing

July 30, 2025
Arts

Alec Baldwin’s lawsuit against New Mexico officials dismissed

July 30, 2025
News

Carhartt WIP FW25 Spotlights Vintage Camo and Jewel-Toned Workwear

July 30, 2025
News

Why one of the biggest earthquakes ever recorded caused so little damage

July 30, 2025
Crews tow dump truck from South Huntsville Target, driver removed safely

Crews tow dump truck from South Huntsville Target, driver removed safely

July 30, 2025
Hypergamy? David Geffen’s Divorce Gives New Meaning to an Old Term

David Geffen’s Divorce Gives New Meaning to an Old Term

July 30, 2025
Ethics officials say Georgia PAC tied to Ponzi scheme illegally sought to influence elections

Ethics officials say Georgia PAC tied to Ponzi scheme illegally sought to influence elections

July 30, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.