We welcome the first Memorandum of Understanding reached between the UK and a US state - the Hoosier state - Indiana. Traders in the UK will hope this is the first stage in a process, with both State Houses and the US Federal Government, that leads to a clear boost to UK exports.
The sheer scale of the cost-of living crisis facing the British public means the Government is absolutely right to provide additional support to those worst affected.
For business, the toxic mix of inflation, raw material costs and supply chain disruption is the flip-side of the coin to the problems facing consumers.
Unless steps are also taken to ease business costs, they will likely feed into the inflationary pressure on the economy and quickly eat into the financial support announced today.
Four out of five employers (81%) say they have been impacted by the increase in national insurance contributions
Higher prices, reduced investment and increased staff costs were among the main effects cited
Markedly slower growth confirms an alarming loss of momentum for the UK economy in the first quarter, from a strong January outturn to a decline in output in March as surging inflation increasingly weighed on activity.