Has Starmer become the PM we need?
EXCLUSIVE OFFER: Get The New European for just £1 for the first month. Head to theneweuropean.co.uk/2matts
The Matts speak with Sam Wetherell, author of the brilliant Liverpool And The Unmaking Of Britain. It's not only a fascinating dive into the history of Liverpool, a city whose rise and fall impacted the whole world, but it's also a prism through which we can try to understand our own complex times. How did one […]
The Matts tackle questions from listeners including should X be banned in the UK? Should we withdraw the offer of a State Visit for Trump? Are we AI friendly? And why the hell are we insulting the dignity of the Two Matts podcast by not wearing suits? Enjoy!EXCLUSIVE OFFER: Get The New European for just […]
The Matts are transfixed by Trump's address to Congress. Once they get over the sheer magnetism of his schtick, they unpack how it works and why the right is so good at messaging. In part two, they analyse what might be the greatest speech to date about the horrifying implications Trump holds for Europe. A […]
The Matts are joined by Trump chronicler supreme, Michael Wolff, whose new book All Or Nothing is a riveting and revelatory telling of Trump's extraordinary journey back to the White House. What are the characteristics that turned a seemingly irredeemable position into a second term? What do his inner circle really think of him? Why does […]
The Matts grapple with our former Prime Minister's latest outbursts, dig into a deep mailbag of Burnham questions and speculate wildly on the Oscars this evening. Enjoy!
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Telegraph
22 minutes ago
- Telegraph
Rayner pushes higher wages for 18-year-olds as Labour woos young
It comes as Labour tries to woo younger voters in an attempt to see off the growing threat from Nigel Farage's Reform UK Party, which is currently leading the polls. Ms Rayner set out plans last month to lower the voting age across Britain to 16 by the next general election – in a move she claimed will strengthen democracy. The Low Pay Commission will be tasked with setting out a path to lift the minimum wage for young workers to the full adult rate. Ms Rayner said the policy showed Labour was delivering on its promise to 'make low pay a thing of the past'. However, bosses warned that Labour was already taxing jobs for young people 'out of existence', with businesses already reeling from a £25bn National Insurance raid last autumn. Kate Nicholls, the chairman of UKHospitality, said another jump in the minimum wage for young adults would risk destroying even more of their jobs instead of helping workers. 'We understand the Government's objective of fair pay, but you can only have fair pay if you have got a job that actually pays,' she said. 'At the moment, those jobs are being taxed out of existence due to changes in the NIC [National Insurance contributions] rate.'
Times
22 minutes ago
- Times
Business live: Wall Street banks warn of market correction
Oil prices remained lower after output increases by Opec+ aimed at regaining market share and threats by President Trump to raise tariffs on India over its Russian petroleum purchases. The benchmark Brent crude futures contract is down 0.28 per cent to $68.57 a barrel this morning, its lowest level in a week. India is the biggest buyer of seaborne Russian crude. Trump wants the country to stop buying Russian oil as Washington seeks ways to push Moscow for a peace deal with Ukraine. He is threatening to impose 100 per cent secondary tariffs on buyers of Russian crude. Trump wrote on Truth Social: 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA.' Some Wall Street banks are warning clients to prepare for a market pullback, even as Wall Street indices rebounded from last week's sell-off. Morgan Stanley, Deutsche Bank and Evercore all cautioned that the S&P 500 index is due for a near-term drop due to the fallout from President Trump's trade war, including slowing consumer spending, weaker economic growth, higher unemployment and potentially rising inflation. Mike Wilson, the Morgan Stanley strategist, forecasts a correction of up to 10 per cent this quarter, while Evercore's Julian Emanuel is expecting as much as 15 per cent. For now stock markets seem unfazed. Shares in Asia rose for a second day. Japan's Nikkei gained 0.6 per cent, supported by data showing a jump in the nation's service sector activity in July. Meanwhile, mainland China's SSE Composite gained 0.5 per cent after services activity expanded at its fastest pace in 14 months in July. The FTSE 100 is forecast to open 30 points higher when trading begins.
Reuters
25 minutes ago
- Reuters
Indian shares inch lower as investors assess Trump's tariff threat
Aug 5 (Reuters) - India's equity benchmarks inched lower on Tuesday after U.S. President Donald Trump renewed his threat of harsh tariffs on goods from India over the country's purchases of Russian oil. The Nifty 50 (.NSEI), opens new tab fell 0.31% to 24,646.95 points and the BSE Sensex (.BSESN), opens new tab lost 0.36% to 80,737.93 as of 9:38 a.m. IST. Trump on Monday threatened higher tariffs on imports from India, prompting New Delhi to call the move "unjustified" and pledge to safeguard its economic interests, further straining trade ties between the two nations. Analysts said the ongoing trade tensions have dampened market sentiment, keeping benchmarks rangebound until there is clarity on U.S. tariffs. Ten of the 16 major sectors declined, while broader small-cap and mid-cap indexes were little changed. Index heavyweights HDFC Bank ( opens new tab fell 1.1% while Reliance Industries ( opens new tab and ICICI Bank ( opens new tab lost about 0.8% each. "Markets have seen a subdued start as the fresh threat by the U.S. government to substantially raise tariffs on India weighed," said Prashanth Tapse, senior vice president of research at Mehta Equities. Trump's threat to raise tariffs on India over Russian oil is a major risk, which could hit exports harder than expected, dent fiscal year 2026 growth and earnings, said three analysts. "Domestic markets will likely continue to see bouts of intraday volatility and nervousness amongst the investors," Tapse said. Among individual stocks, private lender IndusInd Bank climbed 4.7% after naming industry veteran Rajiv Anand as its chief executive for a three-year term. Siemens Energy ( opens new tab rose 2% after posting a rise in the June quarter profit. Butterfly Gandhimathi Appliances ( opens new tab jumped 8% after its first-quarter profit more than doubled on a year-on-year basis. On the flipside, Triveni Turbine < dropped 7% after reporting a fall in the June quarter profit.
