0:00
ciri Starama called for cool heads as
0:02
global markets plummeted in the wake of
0:04
US President Donald Trump's sweeping new
0:06
slate of tariffs the UK Prime Minister
0:08
was seemingly aiming to offer a
0:10
reassuring stance in the face of what he
0:12
called a new era of global instability
0:14
with a series of announcements on fresh
0:16
support for the UK's life sciences and
0:18
vehicle manufacturing industries it came
0:20
as global stock markets nosedived
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following the introduction of the
0:23
tariffs with investors even pulling cash
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from traditional safe havens like
0:28
utility companies and gold so what has
0:30
Starmer announced the prime minister
0:32
today set out new measures announcing
0:34
the rules around fines for manufacturers
0:36
who do not sell enough electric cars
0:38
would be relaxed and supercar firms
0:40
would be exempted after Trump confirmed
0:42
25% tariffs would apply to all US car
0:45
imports Star reinstated the 2030 ban on
0:48
the sale of new petrol and diesel cars
0:50
which Rissy Sunnak delayed to 2035 but
0:53
hybrids and plug-in hybrids can now be
0:55
sold up until 2035 as well as petrol and
0:58
diesel vans and small and micro volume
1:00
manufacturers will be exempt from
1:02
so-called zero emission vehicle targets
1:04
meaning they don't have to achieve the
1:06
same 80% EV sales mix in 2030 as regular
1:10
manufacturers and some additional
1:12
flexibility will be introduced cir has
1:14
also announced plans to slash the number
1:16
of days it takes to set up a clinical
1:18
trial from over 250 to 150 in a bid to
1:22
strengthen the UK's medical sciences
1:24
industry he confirmed new investment of
1:26
up to 600 million pounds by both the
1:29
government and a health research charity
1:31
in a new health data research service
1:33
based in Cambridge and said these
1:35
measures could help save lives with
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cuttingedge medicine what else did Star
1:39
say the PM appeared to be aiming for a
1:41
reassuring note amid a day of
1:42
international financial chaos he
1:44
stressed his commitment to the
1:46
government's existing fiscal rules and
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reiterated he would not increase
1:50
national insurance VAT or income tax
1:52
despite the impact of the tariffs the
1:54
prime minister called for cool heads as
1:56
global markets plunged in response to
1:58
the US president's sweeping global
2:00
import taxes and said the UK had to rise
2:03
together as a nation in the face of a
2:05
new era of global instability and a
2:07
completely new world he said "At a
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moment like this our future is in our
2:11
hands and so of course we will keep calm
2:13
and fight for the best deal with the US
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and we've been discussing that intensely
2:17
over the last few days." StarMA also
2:19
added that the government plans to work
2:21
with key partners to reduce barriers to
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trade across the globe to accelerate
2:25
trade deals with the rest of the world
2:27
and champion the cause of free and open
2:29
trade right across the globe what do you
2:31
think of the government's response to
2:32
Trump's tariffs let us know your
2:34
thoughts in the comments and follow CTM
2:36
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