Thursday newspaper round-up: Retailers, Trump tariffs, tax rises
By Michele Maatouk
Date: Thursday 27 Mar 2025
(Sharecast News) - Major investors including Axa and Scottish Widows are backing shareholder resolutions pressing retailers Next, Marks & Spencer and JD Sports to increase pay for thousands of workers. More than 100 individuals and eight institutional investors, which manage over £1tn in assets, are backing an effort to encourage companies to pay a "real living wage", which is designed to ensure workers can cover necessary household costs. - Guardian
Donald Trump announced plans to impose sweeping 25% tariffs on cars from overseas on Wednesday, days before the US president is expected to announce wide-ranging levies on other goods from around the world. "What we're going to be doing is a 25% tariff for all cars that are not made in the United States," Trump said in the Oval Office. "We start off with a 2.5% base, which is what we're at, and go to 25%." - Guardian
Britain's warehouse owners must be on standby to house weaponry for Western military, the chief executive of a major landlord has said. Andrew Coombs heads up Sirius Real Estate and served in the Territorial Army (TA) during the Cold War. He said his company is factoring military storage into all its investment decisions in the face of Russian aggression, which has triggered a surge in defence spending across the UK and EU. - Telegraph
Labour's tax rises and workers' rights bill have left the UK's bosses "pretty p----d off", the head of Britain's biggest business group has said. Rupert Soames, the chairman of the Confederation of British Industry (CBI), said bosses were becoming "irritated" with the Government, adding that dealing with the consequences of Angela Rayner's workers' rights bill would be "very difficult". - Telegraph
UK government debt and stocks rallied on Wednesday after the chancellor was warned of a near-£600 billion debt interest bill over the next five years amid hundreds of billions of pounds of new borrowing. Yields on the UK's benchmark ten-year bond edged down after the Debt Management Office (DMO), the organisation tasked with selling government debt, said it would issue fewer bonds than investors had envisioned. - The Times
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