Wake Up to Money Art of the Deal
May 9, 2025
Freddie Cahoon, Investment Director at JM Finn, and Shelleyon Horne, an insightful economist, dive into the significant UK-US trade deal that slashes tariffs on steel and cars. They debate its potential to boost job creation amid lingering concerns over agriculture. The duo also discusses the changes in recruitment practices, stressing the need for human touch in a tech-driven world. Additionally, they explore the new dawn at Reading FC, highlighting fan hopes for revitalization after a tumultuous ownership transition.
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UK-US Tariff Deal Insights
- The UK-US trade deal cuts tariffs on steel, aluminium, and cars, easing previous Trump-era levies.
- It provides more certainty for businesses though it doesn't restore pre-Trump tariff levels.
Changing After-Work Drinks Culture
- After-work drinks are declining nationwide except in London, where they shifted from Friday to Thursday.
- Remote work and changing social habits impact traditional office bonding routines.
Market Reaction to Trade Deal
- UK companies are seeing mixed stock market reactions to the trade deal, with car and aerospace firms benefiting.
- Pharmaceutical companies weakened due to no trade progress in their sector.