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A timely update on what's happening to UK trade at a time when the Chancellor is championing free trade but the US looks set to do exactly the opposite.

TRADING BLOWS: Authoritative new Emily Fry & Sophie Hale report on how Britain can handle Trumponomics, which I loved working on Takeaways Goods: forget transatlantic triangulation: hug EU close Services: be opportunistic! resolutionfoundation.org/publications/t…

Cracking report this from Emily Fry and Sophie Hale. It says that *services* trade has adapted to Brexit trade barriers much better than we expected. But goods trade has been hammered by Brexit and the outlook is grim given Trump tariff threats.

As Rachel Reeves heads to Brussels to try to 'reset' relations with the EU to boost trade and growth, this timely report by Emily Fry & Sophie Hale examines how Brexit how affected UK trade patterns, and how that should inform the government's strategy resolutionfoundation.org/publications/t…

Households headed by someone aged 65-74 saw their financial wealth increase by £3,300 in real terms between 2018-20 and 2020-22, compared with a smaller increase of just £800 for households headed by someone aged 25-34.

Trump has increased steel & aluminium tariffs from 10% to 25% today, affecting UK exports. Some key points for British policy-makers to keep in mind…👇

In charts: winners and losers from Trump’s new tariffs on.ft.com/4iZdxEm

Still a week left to apply for this fantastic opportunity to work at the Resolution Foundation!

🔥New trade 'deal' between the US and GB has been announced. Key point here is that while the deal reduces some uncertainties, it locks in worse trading arrangements with the US than pre-Liberation day and won't insulate us from an expanding trade war. Short thread to follow...

The text of the US/UK agreement has now been published. Yes it’s only 5 pages, but you can see some of the coming battlegrounds 1/ gov.uk/government/pub…

UK GDP grew 0.7% in Q1 according to this morning's Office for National Statistics (ONS) data. This is welcome, but a combination of our recent past, the latest data and global trade uncertainty suggests it's unlikely to last. 🧵