Chris Mason: Tariffs are yet another example of colossal, upending change
A week ago, Westminster was digesting the chancellor’s Spring Statement and all the talk was of a tightrope walk and precarious public finances.
Next, let’s go back nearly two decades to the financial crisis and the historically poor growth and negligible average earnings growth that has afflicted the UK ever since.
And then recall the calling card of the Labour Party at the general election last year and its “mission” to deliver sustained economic growth.
What is happening to economic growth? It is flatlining.
And now this: Donald Trump’s tariffs.
Courtesy: BBC