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UK food and drink exports fall as US tariffs and Brexit trade friction bites – business live

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Heathrow Airport has warned that passenger numbers could fall this year, due to the Middle East crisis.

In its latest investor report, released this morning, Heathrow says its base case is that it will handle 83.6m passengers this year, a 1.1% fall compared with 2025.

In the 5 months to May 2026, passenger numbers reached 32.8 million, a 0.7% increase year on year, driven by larger aircraft and a boost in connecting passengers, although the ongoing conflict in the Middle East is putting notable downward pressure on traffic.

The US are also set to benefit from proposed tariff suspensions announced by the UK government this year, which would make it cheaper for US businesses to export products like chocolate, biscuits, jams and spreads to the UK, while UK manufacturers face higher costs sending products to the US, meaning this trend is likely to persist.

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Jun 26, 2026 Business Economics Stock markets

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