The Welsh Government has initiated a review of its contentious tax regulations for holiday lets, specifically re-evaluating the 'modest' reduction in the threshold for business rates from 182 to 70 days. This comes after significant pushback from the tourism sector, which cited adverse impacts on operators across Wales.
Donald Trump has declared a forthcoming increase in tariffs on European Union cars and trucks to 25%, up from the current 15%. The former US President claimed the EU was "not complying" with an existing trade agreement, though he did not specify the alleged breaches. This move targets a crucial European industry and follows stalled talks over steel and aluminium tariffs.
The Trump administration's decision to lift tariffs on Scotch whisky imports has sparked a political dispute among Scottish and UK political figures over who is responsible for the agreement, just days before the Scottish Parliament election. The move, announced during King Charles and Queen Camilla's state visit to the US, ends levies estimated to cost the industry £4 million weekly.
