Trump wins White House as UK faces risky economic shake-up
Fresh US leadership emerges as **Donald Trump** defeats Harris in recent election. Meanwhile UKʼs new tax policies might trigger price increases‚ with major retailers warning about upcoming cost adjustments
The post-election landscape shows how Donald Trumps victory over Kamala Harris reflects voters focus on economic well-being. The Biden-Harris teams strategy of maintaining status-quo (despite low approval ratings) proved ineffective in early-Nov elections
In UK‚ Rachel Reeves budget decisions are causing quite a stir: her National Insurance changes might backfire. The tax-policy shifts targeting high-earners include a £40bn tax package that affects investments private-schools and foreign income. However its impact on regular folks raises eyebrows
The economic timing isnt great — inflation just dropped to 1.7pct in Sept and interest rates went down to 4.75pct in summer. The Bank of Englandʼs careful approach shows their worry about price stability; Andrew Bailey points to possible issues ahead
Major companies are already speaking up about upcoming changes:
- Simon Roberts from Sainsburys warns about cost increases
- Stuart Machin at M&S suggests price adjustments
- Tim Martin expects higher prices in hospitality
- AB Foods might move investments overseas
The financial hit is real — Sainsburys faces a £140m cost-increase (plus extra £80m from minimum-wage changes). Even with next years expected £740m profit from £33bn turnover‚ companies will likely pass costs to customers. Previous patterns of greedflation and shrinkflation might return‚ with food producers already talking about 10-20pct price jumps due to inheritance-tax changes
