Daily business briefing in under two minutes - April 9 - video Dailymotion

Watch Daily business briefing in under two minutes - April 9 - Insider Media on Dailymotion

Transcript

00:00Hello and welcome to the latest Business Bulletin on Wednesday the 9th of April.

00:04Britain's accelerating trade deals with the rest of the world as more of Donald Trump's

00:08tariffs come into effect today. That's according to Chancellor Rachel Reeves.

00:13The Chancellor and Business Secretary are meeting India's Finance Minister for talks today

00:16aimed at negotiating a deal. Yesterday, Sir Keir Starmer reiterated his call for a calm

00:22approach to the tariffs as a sense of optimism briefly returned to UK financial markets

00:26after several days of heavy losses. However, US stocks slid during evening trading on Wall Street

00:32after the White House confirmed a 104% tariff on some Chinese imports would become a reality.

00:39In response, Beijing has vowed to fight to the end.

00:43A deal for a new Universal theme park in Bedfordshire was confirmed yesterday.

00:47Rachel Reeves says it will bring billions to the economy and create thousands of jobs.

00:51A hotel with hundreds of rooms and a retail and entertainment complex is planned as well as the

00:56theme park, which will be built on a form of brickworks. The park is expected to open in

01:012031. The government's considering nationalising British steel. Fears are growing among ministers

01:07that the company's blast furnaces in Scunthorpe could run out of raw materials within days.

01:12The government's trying to reassure workers at the plant that the government would consider

01:15nationalisation if necessary. Opposition leader Kemi Badenok says nationalisation should be a

01:21last resort. In M&A news, Asura Group has rejected the cash and shares bid made last week from primary

01:27health properties. The board of the healthcare property investors said the possible offer

01:31have been considered carefully. They've concluded that it's not at a level sufficient to be

01:36recommended to shareholders. And the recruitment giant Page Group is targeting £15 million in annual

01:42cost cuts. It's in response to challenging trading conditions. The London-listed company will be

01:47cutting the number of senior managers. In their April trading update, they declined to give financial

01:52forecasts for the coming months due to the uncertainty caused by Donald Trump's tariffs.

01:57That's all for today. More tomorrow.