IMF Warns UK Households Face Sharper Inflation Rise as Energy Prices Jump
The International Monetary Fund has revised up its forecast for UK inflation, warning that higher energy prices will hit households harder than previously expected, …
5 min
Section
Economy
Nobel Economics Prize Goes to Hall and Woodford for New Keynesian Work
The Sveriges Riksbank Prize in Economic Sciences has been awarded to US economists Robert Hall and Michael Woodford for developing the microeconomic foundations of …
5 min
IFS Warns Healey Budget Risks Becoming 'Work of Fiction' Without Plan to Cover £35bn Spending Gap
The Institute for Fiscal Studies has warned Chancellor John Healey that his Budget will be a 'work of fiction' unless he sets out how …
4 min
UK House Prices Stall as Mortgage Rates Rise, Lloyds Warns of 'Gathering Dark Clouds'
UK house prices recorded zero growth on both a monthly and annual basis in the latest Lloyds data, as rising mortgage rates and cost-of-living …
4 min
Almost Every English Region Takes More in Benefits Than It Pays in Personal Tax
New analysis shows that nearly every region of England receives more in benefit payments than it contributes in personal tax, exposing a widening fiscal …
4 min
Average Five-Year Fixed Mortgage Rate Hits 6% for First Time in Three Years
The average five-year fixed-rate mortgage in the UK has reached 6.00%, its highest level since September 2023, as turmoil in bond markets pushes up …
4 min
G7 Agrees Emergency Release of Up to 100 Million Barrels of Oil and Diesel
G7 leaders have agreed to release up to 100 million barrels of crude oil and diesel from emergency reserves after a surge in prices …
4 min
G7 Agrees to Release 100 Million Barrels of Oil Reserves to Curb Diesel Prices
G7 leaders have agreed to release up to 100 million barrels of petroleum reserves in a coordinated effort to bring down surging diesel prices, …
5 min
Green councillor calls for 20-year wellbeing economy plan to fix Britain's growth
Jamie Driscoll argues that capital markets are failing young people and that a long-term investment plan focused on green homes and transport can deliver …
5 min
UK Says Diesel Supply Resilient as Trump Threatens US Export Ban
Transport minister Keir Mather insists Britain's diesel supply chain is robust and diverse, as the UK joins European crisis talks over potential emergency stockpile …
3 min
Gambling Tax Rise Would Shut Shops and Cost Jobs, Industry Warns
The betting industry is pushing back against reports that Chancellor John Healey could double machine games duty from 20% to 40% in his first …
4 min
Treasury Committee Asks HMRC to Examine Tax Implications of Manchester City Case
The Treasury Committee has written to HMRC's chief executive seeking clarity on the tax consequences of the Premier League's investigation into Manchester City, raising …
3 min
UK house price growth halves as Middle East conflict deters buyers
Annual house price growth in the UK slowed to 0.8% in September, down from 1.6% in August, as Middle East conflict fanned inflation concerns …
5 min
Burnham's Economic Plan Faces Rightwing Myths, Keynes Offers Rebuttal
Andy Burnham's first party conference speech as prime minister evoked 1950s and 1960s optimism, but rightwing economic myths about borrowing and markets could derail …
3 min
Ofgem Urges Households to Act as Energy Price Cap Rises 4%
Ofgem's price cap increases by 4% on 1 October, adding £60 a year to the average standard tariff bill. The regulator has issued three …
4 min
Trump Threatens US Diesel Export Ban as UK and Europe Push Back
Diesel prices have hit record highs across the UK, Europe and the US amid fallout from the Iran conflict, prompting Donald Trump to threaten …
5 min
Poland's Defence Boom Tests Its Economic Growth Model
Poland is driving up defence investment at one of the fastest rates in the developed world, transforming rural sites into hi-tech weapons facilities as …
3 min
Bailey Warns Holding Rates Will Get Harder as Energy Prices Rise and Mortgage Deals Near 6%
Bank of England Governor Andrew Bailey has said it will become harder to keep interest rates on hold as energy prices climb, a warning …
4 min
Iran War Pushes UK Diesel Towards Record High as Bailey Warns on Interest Rates
Bank of England Governor Andrew Bailey says persistently high oil and gas prices would make an interest rate rise hard to resist, as the …
4 min
UK food and drink trade deficit hits £21bn, largest since 2000
Britain's food and drink trade gap has widened to more than £21bn, the biggest this century, as Brexit, Middle East conflict and US tariffs …
4 min
