There are fears Donald Trump could impose 21 per cent levy on goods from Britain in order to offset the impact of VAT.
Niesr said it was projecting the UK economy would grow by 1.5% this year, lifting its previous forecast of 1.2%.
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A hundred days on from the Budget, the Bank slashed its prediction for UK growth this year by half, to just 0.75 per cent, ...
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Also in today’s newsletter, Trump promises to crack down on private equity tax loophole and Iran rules out US talks ...
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.