This crisis could be the making of us...carpe diem!

TWAS certainly a roller-coaster week! First, Universal Studios revealed plans to bring its first thrill-packed ride-fest to Bedford.

- By Liam Byrne

Then President Trump sent global markets into a vertical drop with a tariff tempest that wiped out trillions of pounds.

It’s not quite a Covid-sized asteroid hitting the economy. Nor even a Great Financial Crash-sized meteor. But it’s not far off.

Despite a last-minute reprieve for some nations, the US still ended the week with tariffs higher than the infamous Smoot-Hawley laws of the 1930s — which helped trigger the Great Depression.

And, as history teaches us, when America sneezes, Europe catches a cold.

This tariff tantrum is going to hurt. It will hit jobs, squeeze wages and bruise our economy.

So we need to set a new course to ride out the storm.

These are anxious times for working families. At Jaguar Land Rover, in my own patch, I know first-hand how worried workers are about the future now that shipments of Range Rovers to the US have ceased. This weekend, workers all over Britain will be anxious about the months ahead.

That’s why, over the past fortnight, the Business and Trade Committee has been in intensive talks with business leaders and policymakers around the world about what free-trading nations like ours should do next.