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Dale Vince's Ecotricity has hired KPMG to find a buyer for a major new solar energy and battery storage project at Heckington Fen in Lincolnshire, Sky News learns.

The prime minister said the tariffs show it is clear globalisation has failed and he is unhappy about the 10% duties placed on UK exports to the US.

It comes as Jaguar Land Rover announced it would "pause" shipments to the US, as firms grapple with the new import taxes.

Manufacturing vehicles is in Solihull's DNA - and a warning that Donald Trump's tariffs could put 25,000 British car manufacturing jobs at risk is a real concern here.

The UK carmaker exported around 38,000 cars to the country in the third quarter of 2024.

Sir Tom Scholar, who was sacked as the Treasury's permanent secretary by Liz Truss, is the preferred candidate to chair Britain's fifth-biggest high street bank, Sky News learns.

The baseline tariff came into place as stock markets plummeted after Donald Trump's radical trade rules were announced on so-called "Liberation Day".

People working in nurseries, retail, hospitality, small businesses and care have told Sky News of the tangible effects the increase will have on them.

All three of the US's major indexes were down by more than 5% at market close on Friday, making for the worst day in American markets since the COVID-19 pandemic.

The consequences of the president's policy will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.