A year on from the Labour Party’s election win, UK businesses are unhappy about tax increases, persistent red tape and a lack of dialogue with the government. Prime Minister Keir Starmer’s government is struggling to balance the needs of businesses with those of unions and its traditional left-wing base, and its policies have been criticized for being unfriendly to business and hindering economic growth. Bloomberg’s Jennifer Creery breaks down the situation.



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Portuguese Finance Minister Joaquim Miranda Sarmento discusses trade negotiations between the European Union and the US ahead of the July 9 deadline. “Tariffs will reduce economic growth both on the US and Europe,” he tells Bloomberg’s Francine Lacqua. “We do expect that at the end it’s possible to have an agreement with very low tariffs,” he adds. Sarmento also talks about airline TAP SA and foreign investment in Portugal.



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Barclays Plc elevated a pair of senior leaders to oversee its growing business in the Middle East in a move that shows the region’s growing clout both on the global financial stage and within the bank.



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