"The world as we knew it has gone," he wrote.The new world will be governed less by established rules and "more by deals and alliances," added the prime minister. "It demands the best of British virtues -- cool heads, pragmatism and a clear understanding of our national interest," he said.The UK leader reiterated his government's belief that "nobody wins from a trade war" and that the immediate strategy was "to keep calm and fight for the best deal. "This week we will turbocharge plans that will improve our domestic competitiveness," he wrote, ahead of an expected major announcement on industrial strategy. "We stand ready to use industrial policy to help shelter British business from the storm. "Some people may feel uncomfortable about this... but we simply cannot cling on to old sentiments when the world is turning this fast," he added.

Source: The Times April 06, 2025 10:47 UTC