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UK rebounds after Trump's tariff turmoil
Sunday Express
|June 01, 2025
UK BUSINESS confidence rallied in May as global financial markets made their recovery from US President Donald Trump's tariff onslaught.
Lloyds Bank business barometer jumped 11 points over the last month to 50% — marking a nine-month high.
The lender surveys 1,200 companies and weighs up the percentage of firms that have a positive outlook against those that are negative, providing a net balance of -100% to 100%.
The fresh surge wiped out losses made in April as Trump's “Liberation Day” trade offensive battered businesses optimism levels.
The President's sweeping tariffs across all the US trading partners sent markets into a period of turbulence. The UK's blue-chip index the FTSE 100 plunged to a low of 7,679.48p.
This story is from the June 01, 2025 edition of Sunday Express.
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