Trade deals and interest rates - a good day for Starmer?
This Is Why
Sky News
4.0 • 552 Ratings
🗓️ 8 May 2025
⏱️ 15 minutes
🧾️ Download transcript
Summary
The deal comes as interest rates are now at their lowest level for two years after the Bank of England cut the base rate by a quarter point to 4.25%. The Bank also raised its economic growth forecast for this year.
In today’s Sky News Daily, Niall Paterson talks to business correspondent Paul Kelso about how good a deal it is for the UK and whether the reduction in interest rates will have more of an impact on the country's finances.
Producer: Natalie Ktena
Editor: Wendy Parker
Transcript
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| 0:59.8 | Coming up on the Sky News Daily with me, Neil Patterson, a trade agreement has been struck between the UK and the United States. |
| 1:06.7 | So, who's got the better end of the deal? We all know, Donald Trump loves a deal, so I suppose we should be somewhat flattered that he chose |
| 1:15.3 | the UK for his first post-tariff's trade agreement. |
| 1:18.7 | This is a maxed-out deal that we're going to make bigger. |
| 1:21.5 | I think it's going to be something very special for UK and special for the United States. |
| 1:27.2 | Little surprised, those sentiments were shared this side of the pont. |
| 1:30.6 | I mean, it's not as if the Prime Minister has had much good news of late. |
| 1:34.4 | To be able to announce this great deal is incredibly important and makes this truly historic. |
| 1:40.8 | He's also had another wee bit of good news in terms of interest rates. We'll have more on that |
| 1:45.6 | a little later. But let's see if we can establish if this deal actually works for the UK. Someone who may |
| 1:51.7 | well know, our business correspondent, Paul Kelso. Good to see you, Paul. So first and foremost, |
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