Concerns over the impacts of Trump’s tariffs on the United States’ closest neighbours is a top story in a lot of the nationals this morning. As the BBC reported, the president has said he will bring in 25% border taxes on imports from Canada and Mexico on 1 February.
According to The Guardian officials in Ottawa and Mexico City have drawn up plans to retaliate against Washington with tariffs of their own, raising the prospect of a damaging trade war. Meanwhile Canada has also warned that the tariffs could leave the US reliant on Venezuela’s oil (Financial Times).
In other news, draught pints will cost 1p less from Thursday because of a cut in alcohol duty in a move intended to help the sector grow. The 1.7% tax cut was announced during the budget last year, although many warn that prices could actually rise due to changes to employer national insurance contributions and the minimum wage (BBC News).
Fears surrounding bird flu are also rising, reports the BBC. Poultry farmers are appealing to the government to let them vaccinate their flocks to protect them from the “devastating” disease.
The Heathrow row also continues with rumours of a rift between Chancellor Rachel Reeves and energy secretary Ed Miliband who vowed to cut climate emissions by more than 60% by 2035 yesterday, reports The Telegraph.
The UK needs to “up its game” and get a work ethic in order to compete in the global economic race, Conservative shadow home secretary Chris Philp has said (BBC News).
According to The Telegraph, as part of a consultation by Steve Reed, Defra secretary, more than 10% of farmland in England is set to be diverted towards helping to achieve net zero and protecting wildlife by 2050.
Homebase collapsed owing £650m to unsecured creditors including the retailers AO World, Halfords and the Hut. The company went into administration in November and it is unlikely that these creditors will get their money back, says The Times.
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