MPs compel Starmer and Reeves to avoid 'surrender' to Trump with tax cuts for US tech giants

Amid tariff chaos

Linus Uhlig
clock • 2 min read

Prime Minister Keir Starmer and Chancellor Rachel Reeves have been warned by cross-party members of parliament to avoid an “abject surrender” to US President Donald Trump, as the pair consider reducing tax for US tech firms.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

BoE's Catherine Mann: Rate hike could be needed to retain 'credibility'

BoE's Catherine Mann: Rate hike could be needed to retain 'credibility'

Speech at Natixis CIB Private Debt Forum

clock 03 July 2026 • 2 min read
UK GDP increases by 0.6% in Q1 2026 in 'peak' for growth

UK GDP increases by 0.6% in Q1 2026 in 'peak' for growth

Uncertainty persists

Michael Nelson
clock 30 June 2026 • 1 min read
Summer discounts keep UK shop price inflation steady at 1.2%

Summer discounts keep UK shop price inflation steady at 1.2%

BRC Shop Price Monitor

Cristian Angeloni
clock 30 June 2026 • 1 min read
Trustpilot