ECONOMIC GROWTH

The Tariff Turmoil

As the global world order shifts with the introduction of the Trump tariffs Barry Quirk warns councils will need to work with the Government and regional mayors to protect local businesses and communities from the fallout.

© Rabbittoes / Shutterstock

The chancellor's Spring Statement was delivered on 26 March.  In its 3,900 carefully crafted words, there wasn't one word about tariffs.  That was most probably by design.  Better not mention them.  

The 156 pages of the OBR's Economic and Fiscal Outlook published on the same day, did mention three possible US trade policy scenarios and their likely impact on public sector net financial liabilities (PSNFL) and thereby on GDP. These were set out on pages 154 to 156.  Just seven days later, came the much-heralded unravelling of the world's trading arrangements.

Popular articles by Barry Quirk CBE

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?