Tuesday newspaper round-up: Trump, Santander, Heathrow
By Michele Maatouk
Date: Tuesday 21 Jan 2025
(Sharecast News) - Donald Trump signed a memorandum on inflation and multiple orders aimed at lowering energy prices, but the incoming president's advisers offered few details on the policies, raising serious questions about whether the new administration will be able to address one of Americans' most pressing concerns. During a press call on Monday morning, incoming White House advisers pledged that Trump would pursue an "all of government approach to bringing down costs for American citizens" but they declined to outline concrete steps that the administration would pursue to lower prices. - Guardian
Santander has rushed out a note to senior managers after it emerged that the lender's Spanish owner is reviewing the future of its UK business amid mounting frustrations over regulation. The chief executive of Santander's UK corporate and commercial bank, John Baldwin, sent out a memo outlining how to respond to clients and its 21,000 UK staff, who have been rattled by news that the bank could be put up for sale. - Guardian
More than three quarters of a million low-paid hotel and restaurant workers will be dragged into the National Insurance system under Rachel Reeves's "regressive" changes. The Chancellor's decision to lower the threshold for employer National Insurance (NI) contributions means 774,000 hospitality sector workers will be newly eligible for the tax, according to UKHospitality. - Telegraph
Rachel Reeves is set to back a third runway at Heathrow as Labour steps up efforts to boost economic growth. The Chancellor is preparing a sweeping endorsement of airport expansion as the government seeks to bolster its pro-growth credentials in the face of a stalling economy. In addition to providing support for the troubled effort to build a third runway at Heathrow, the government is understood to be poised to approve a second runway at Gatwick and greenlight an application for a near doubling of capacity at Luton. - Telegraph
Global chief executives have ranked the UK the second most important market for international investment, beaten only by America. The UK rose two places in the annual global CEO survey by PwC, the accounting and consulting firm. It is the highest position secured by Britain in the 28-year history of the survey. - The Times
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