🚜 10,000 UK Farmers To Strike In London Over Tax Rises

📰 Industry News

• 150 jobs are being cut at Swedish fashion retailer H&M as it confirms the closure of an Edinburgh-based call centre, according to reports. (Retail Week)

• Asda is set to slash 475 jobs at its Leeds and Leicestershire head offices as part of a cost-cutting restructure. (BBC)

• The Post Office plans to close 115 branches and says about 2,000 jobs are at risk as part of a plan that will result in post office operator pay increasing by £250m over the next five years. (The Guardian)

• More than half of the workforce at the DIY chain Homebase is at risk after the retailer's owners called in administrators following a failed attempt at a sale. 2,000 jobs are said to now be at risk. (Sky News)

• Tesco, Britain’s biggest private employer, is facing a £1 billion increase in its national insurance bill, due to the government’s decision to raise National Insurance. (The Sunday Times)

• Prices in shops and pubs will rise as a result of tax rises on businesses announced in the Budget, the chair of JD sports and the chief exec of Fullers have warned. (BBC)

• Supermarket giant Morrisons is investing in the Channel Islands as it is set to convert 36 recently acquired stores in Jersey, Guernsey and Alderney to the Morrisons format. (The Retail Bulletin)

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🚜 UK Farmers Strike Back: Food Supply Threatened Over Labour’s Inheritance Tax

This could be big. UK farmers are gearing up to withhold meat and crops from supermarkets in a bold, nationwide strike protesting Labour’s new inheritance tax changes. The move could mean empty shelves and a major shake-up in the food supply chain, especially if this protest gains traction. Here’s what you need to know.

• A week of “Enough is Enough” – Starting Sunday, thousands of farmers will be on strike, and over 10,000 are expected to rally in London on November 19. They’re pushing back against a 20% inheritance tax on farms valued over £1 million, introduced by Chancellor Rachel Reeves. Many worry that this policy will tear down traditional family farms, forcing some to sell off chunks of land just to pay the tax bill.

• Supermarkets brace for impact – While dairy farmers are exempt from the strike due to perishability, the shelves could be noticeably lighter on meat and certain crops. With UK farms supplying 80% of the nation’s beef, 90% of fresh poultry, and a hefty share of lamb, pork, and wheat, this protest will certainly test food supply resilience.

• “Disrupt but not decimate” – Tim Taylor, a strike organiser, says the goal isn’t to cause chaos but to make a statement. Meanwhile, mental health support lines report a spike in calls from farmers hit hard by the new tax, with fears of family farm closures rising.

The inheritance tax change has stirred genuine concerns in the agricultural sector, with many farmers and their families feeling the pressure mounting. Whether this discontent will spark broader protests remains to be seen, but one thing’s clear: policymakers may need to do some serious fence-mending soon. After all, nothing grows well under constant stress - not even crops.

🚢 Trump Tariffs Could Cost UK Export Economy £22bn

The UK could be staring down the barrel of a potential £22 billion hit to its export economy, thanks to whispers from across the pond. Economists at the University of Sussex's Centre for Inclusive Trade Policy (CITP) have warned that if Donald Trump goes full “America First” with a hefty 20% tariff on all imports into the US, the UK’s export revenue could suffer a serious blow. Here’s what’s at stake:

• A Hefty Price Tag – A 20% tariff slapped on UK exports could mean a staggering £22 billion lost in exports to the US alone, with a ripple effect sparking a 2.6% dip in global UK exports. In economic terms, that’s a 0.8% dip in our annual GDP - hardly a drop in the bucket.

• Heavy Hitters in the Firing Line – Sectors like fishing, petroleum, mining, and manufacturing would feel the biggest pinch, potentially losing up to 20% of their export volume. Even non-exporters like insurance and transport, which rely on robust international trade flows, could feel the knock-on effects, adding pressure to an already stretched economic ecosystem.

• Silver Lining for Textiles? – Some industries might find a sliver of sunshine in all this. Reduced Chinese exports to the US, thanks to Trump’s proposed 60% tariff on China, could lighten competition for UK textile and clothing industries in the US market.

Since Brexit, the US has become one of the UK’s most crucial trading partners, making these potential tariffs a real threat to the country’s economic ambitions. So, as we try to build a new life outside the EU, the question looms - can the UK afford Trump’s “America First” price tag, or will it have to sweet-talk the White House into a trade truce?

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