00:00Hello and welcome to the latest Business Bulletin on Wednesday 30th April.
00:05Aston Martin is limiting US imports due to new 25% tariffs imposed by President Trump.
00:11The luxury carmaker will rely on existing US stock rather than shipping new vehicles.
00:16It comes as the firm reported widening losses in its latest results.
00:19Despite the hit, Aston Martin is sticking to its 2025 recovery target.
00:24Barclays has posted a 19% jump in first quarter profits, hitting £2.72 billion.
00:31But the bank also set aside more cash for bad loans amid US economic fears.
00:36Provisions rose to £643 million, up from £513 million last year.
00:43UK house prices dipped 0.6% in April according to Nationwide.
00:48Annual growth also slowed to 3.4%, with the average home now worth £270,000.
00:54Nationwide's chief economist said the slowdown followed changes to stamp duty.
00:58Many buyers rushed to complete in March to avoid higher taxes.
01:03Businesses may need to be forced to accept cash, MPs have warned.
01:07The Treasury Committee says declining cash use risks excluding vulnerable people.
01:12It's calling for better monitoring of where coins and notes are still accepted.
01:15MPs have also warned the tax system is getting more costly and less trusted.
01:21A report says HMRC's productivity has dropped despite hiring more senior staff.
01:26Taxpayer trust is falling and progress on modernising IT remains painfully slow.
01:31And finally, United Living has secured a £250 million contract
01:35to help build CO2 transport and storage infrastructure in the UK.
01:40The three-year deal, part of the HINET project, could create up to 350 jobs.
01:44It will support the UK's first major CO2 pipeline,
01:48cutting emissions across the North West and North Wales.
01:51That's all for today. Thank you for listening.
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