Advertisement
UK markets close in 7 hours 43 minutes

  • FTSE 100

    8,078.14
    +37.76 (+0.47%)
     

  • FTSE 250

    19,604.57
    -114.80 (-0.58%)
     

  • AIM

    754.07
    -0.62 (-0.08%)
     

  • GBP/EUR

    1.1661
    +0.0016 (+0.14%)
     

  • GBP/USD

    1.2496
    +0.0033 (+0.27%)
     

  • Bitcoin GBP

    51,139.19
    -2,207.32 (-4.14%)
     

  • CMC Crypto 200

    1,388.98
    +6.41 (+0.46%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    82.92
    +0.11 (+0.13%)
     

  • GOLD FUTURES

    2,333.90
    -4.50 (-0.19%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,261.17
    +59.90 (+0.35%)
     

  • DAX

    17,998.48
    -90.22 (-0.50%)
     

  • CAC 40

    8,063.60
    -28.26 (-0.35%)
     
Property:

How to sell your home

Top tips from property investors

UK finance minister says travel bans will hurt economy

Reuters
Updated ·1-min read
Britain's Chancellor of the Exchequer Rishi Sunak appears on BBC TV's The Andrew Marr Show in London

LONDON (Reuters) - British finance minister Rishi Sunak said travel bans, such as the one announced by U.S. President Donald Trump on Wednesday, would have an impact on Britain's economy.

"There will be an impact on the demand side of our economy as people are unable to spend in the way that they normally would and travel, but it also affects supply chains for businesses and that impacts the supply side of our economy," Sunak told BBC radio.

"And if those supply chains are disrupted, the productive capacity of our economy will shrink for a temporary period of time."

U.S. President Donald Trump ordered travel from Europe to the United States to be restricted for 30 days. Travel from Britain would not be affected by the ban.

(Writing by William Schomberg; Editing by Elizabeth Howcroft)