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Diesel prices surge in UK as Iran war drives oil prices up
UK average diesel costs have hit a 16-month high, less than a week after war gripped the Middle East and sent oil costs rocketing. Global energy prices have been the…
Britons face paying £10,000 extra due to student loan threshold freeze
Middle-income earners will be hardest hit by a freeze to the student loan repayment threshold, experts have said. Rachel Reeves announced in her November budget that the salary level at…
Trump’s plan to protect ships in Strait of Hormuz fails to impress insurance sector
Donald Trump’s offer of US-backed insurance and naval escorts for shipping travelling through the Strait of Hormuz has not prevented maritime premiums soaring as underwriters scramble to reassess the risks…
Ardrossan harbour purchased and new contracts awarded in aftermath of ferry scandal
The aftermath of a scandal involving taxpayers paying hundreds of millions for ferries at nearly four times the original budget continues, with the harbor being too small for the ships…
UK growth forecast revised downward, unemployment to peak this year: Chancellor
The UK’s economic forecast has been downgraded for 2026 but will then improve – and unemployment will peak this year, the chancellor has revealed. Giving her spring statement in the…
Iran conflict leads to surge in UK gas prices, undermining inflation forecast
The surge in gas prices in the last 48 hours is unprecedented. Even during the tumultuous early days of the Ukraine war in 2022, gas prices did not double. However,…
UK consumers face rising bills due to Iran war
The economic impacts of the Iran war are already being felt in global markets, and could raise energy prices and wider consumer bills in the UK before long. The immediate…
Will petrol prices in the UK rise due to Middle East conflict?
Fresh conflict in the Middle East threatens to make the cost of petrol more expensive for motorists in the UK, experts have warned. Escalating oil prices could see higher costs…
Rachel Reeves to deliver spring forecast to Commons
Rachel Reeves will insist she has «the right economic plan for our country» and that «working people are better off» thanks to Labour when she delivers her spring forecast to…