During the latest episode of Good Morning Britain, Ranvir Singh interrupted the programme with a live update on a significant financial development.
On Monday’s instalment (April 7) of the popular morning show, the presenter – alongside co-host Ed Balls – had to pause their normal schedule shortly after starting the show to deliver breaking news to the viewers.
Ranvir announced: “The London Stock Exchange has just opened and share prices are expected to suffer further losses, following a fall of more than 20% in Asian markets in the last few hours.”
She went on to mention how “Global markets are reeling in the wake of US president Donald Trump’s liberation day tariffs that came into effect over the weekend.”
Ed then took over, stating: “Today Keir Starmer will set out his plans to bolster Britain’s coal manufacturer industry which is facing a 25% levy on vehicles sent to the United States. The prime minister will say we’re in a new era of global instability.”
The presenters then handed over to ITV correspondent Richard Gaisford, who was reporting from Solihull, home to firms including Land Rover and Jaguar, to delve further into the unfolding story, reports the Manchester Evening News.
Richard elaborated on the situation, commenting: “These companies are really driving into a dark tunnel at the moment, not knowing when they are going to see light.”
He went on: “The prime minister is trying to offer a glimmer of hope for them, relaxing the rules on electric vehicle sales, the amount of cars they need to sell and the different variations of the rules on the type of engines they can include on these cars.
“He hopes that is going to give them something of a boost. But it is these big, major, global car companies that are taking the biggest hits at the moment.”
PM Sir Keir Starmer has expressed his desire for British manufacturers to lead the charge in the electric vehicle “revolution”, confirming new reforms amidst US President Donald Trump’s tariffs. Sir Keir plans to reinstate the 2030 ban on the sale of new petrol and diesel cars as part of his policy rollout.
An announcement is due today (Monday) detailing the easing of penalties for manufacturers failing to meet electric car sales quotas, with supercar makers receiving exemptions.
A hefty 25% tariff on all vehicles exported to the US was implemented on Thursday, April 3, and Mr Trump’s additional 10% tariff on other UK goods will soon impact car parts exports.
On Thursday, we reported regular host Susanna Reid announced she would be taking a break from Good Morning Britain.
During Thursday’s (April 3) episode, the TV presenter and co-host Ed Balls woke up viewers with discussions on the day’s top stories. Towards the end of the programme, Susanna and Ed engaged in a conversation with commentators Ayesha Hazarika and Ed Vaizey about the day’s events before handing over to Lorraine Kelly.
Just as GMB was about to go off-air, Susanna disclosed that she would be taking a short break but reassured viewers of her return.
“Susanna, we’ll see you in a couple weeks time,” Ed said, concluding the show.