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Monday newspaper review: economic activity, exporters, Donald Trump

Monday newspaper review: economic activity, exporters, Donald Trump

 


British businesses are forecasting a sharp drop in business activity in the new year, in the latest economic overview which warns of an increasingly gloomy outlook for the UK in 2025. The Indicators Survey Growth forecast from the Confederation of British Industry (CBI) indicates that businesses are preparing to cut hiring and production over the next three months. Tutor

Many exporters are still struggling with post-Brexit trade rules, said the British Chamber of Commerce (BCC), which is urging the government to continue the EU reset in the new year. In a survey of more than 1,000 of its member companies, the BCC found that only 15% said the Trade and Cooperation Agreement (TCA) with the EU, signed by Boris Johnson on Christmas Eve 2020, had helped them increase their sales with the EU. Tutor

Donald Trump has threatened to regain control of the Panama Canal unless fraudulent transit fees are reduced for American ships. In social media posts, the president-elect said the 51-mile waterway was vital to the economic and security interests of the Americas, but was being managed in a very unfair and misguided manner. Telegraph

Sir Chris Hohn, the billionaire hedge fund manager, gave himself a $42 million dividend this year, down dramatically from the $275 million he collected in 2023, as TCI Fund Management made charitable donations of 340 million. Hohn, 58, received the $53 million payment in the year ending at the end of March, according to accounts filed at Companies House. The times

A former adviser to the British prime minister has been accused of involvement in a $250 million corruption scheme. The British executive is described as a co-conspirator in the US Justice Department's prosecution of Gautam Adani, one of Asia's richest men. Adani, an Indian billionaire and founder of the multinational conglomerate Adani Group, was indicted in November in a New York court for his role in an alleged plot to bribe Indian officials to win valuable energy contracts. The times

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