UK economy faces growth shock from Trump tariffs, says Bank governor

The Bank of England’s governor, Andrew Bailey, has expressed concerns about a potential "growth shock" in the UK due to Donald Trump's trade policies, which could disrupt global economic imbalances. The IMF has lowered its 2025 growth forecast for the UK to 1.1%, down from an earlier expectation of 1.6%. Experts attribute Trump's unpredictable trade wars as a major risk to the global economy, including Britain, while Rachel Reeves, the UK chancellor, is focused on negotiating tariffs without compromising key regulations like food standards. Bailey emphasized balancing growth risks with inflation concerns, acknowledging the challenges ahead for the UK in a slowing global economy.