Rachel Reeves to unveil action plan to cut regulation; Trump says reciprocal and sectoral tariffs coming on 2 April – business live
UK government is trying to cut red tape to stimulate growth, as US president confirmed the US will implement reciprocal and sectoral tariffs next monthReeves to outline plan to cut regulation costs and boost growthThese should be boom times for defence companies, as European countries pledge a massive spending increase to protect the region.But UK defence company Qinetiq has surprised the City with a profits warning this morning, knocking its shares down by a fifth.There have been high hopes that the pledge from European nations to swell military budgets amid heightened geopolitical tensions would translate into a flurry of new contracts.But as alliances shape shift, the uncertainty has been more of a curse than a blessing. Qinetiq has been best with contract delays, not just for its US arm, but also its UK intelligence business. It’s undergoing a re-evaluation and restructuring of its US business to help revive growth.“We want to ensure that there is less duplication in the system.“That means that we shouldn’t have the layering upon layering of regulation, but it’s also the case that some regulators are being folded into other regulators. Continue reading...
UK government is trying to cut red tape to stimulate growth, as US president confirmed the US will implement reciprocal and sectoral tariffs next month
These should be boom times for defence companies, as European countries pledge a massive spending increase to protect the region.
But UK defence company Qinetiq has surprised the City with a profits warning this morning, knocking its shares down by a fifth.
There have been high hopes that the pledge from European nations to swell military budgets amid heightened geopolitical tensions would translate into a flurry of new contracts.
But as alliances shape shift, the uncertainty has been more of a curse than a blessing. Qinetiq has been best with contract delays, not just for its US arm, but also its UK intelligence business. It’s undergoing a re-evaluation and restructuring of its US business to help revive growth.
“We want to ensure that there is less duplication in the system.
“That means that we shouldn’t have the layering upon layering of regulation, but it’s also the case that some regulators are being folded into other regulators. Continue reading...
