Bank of England Deputy Signals Rate Rise 'Increasingly Likely' If Energy Prices Stay High
A senior Bank of England official has warned that an interest rate increase is becoming more probable if energy prices remain elevated, as inflation …
4 min
Section
Economy
Dollar General Warns Shoppers Are Squeezed by Fuel, Utility and Food Costs
The discount retailer's chief executive says higher-income households are now behaving like lower-income ones as they juggle essential bills, signalling widening financial stress among …
5 min
Trump Weighs Ban on Diesel Exports as Energy Secretary Warns of Backfire
The US president is considering restricting diesel exports to lower domestic fuel costs, but his own energy secretary cautions the move could backfire. If …
4 min
OECD Lifts UK Growth Outlook as Government Measures Take Effect
The OECD has revised up its forecast for UK economic growth, citing new government measures, while the pound slips below $1.33 and oil prices …
4 min
Bitcoin and Ethereum Surge to January Highs as Crypto Rally Accelerates
Bitcoin and Ethereum prices have climbed back to levels last seen in January, with the renewed rally drawing fresh attention from UK investors and …
4 min
UK Borrowing Hits £18.3bn in August as Debt Costs Squeeze Budget
Public sector net borrowing reached £18.3 billion in August, the second-highest on record for the month, as rising debt interest costs and a deteriorating …
4 min
Labour MPs Push for Wealth Taxes at Budget as Treasury Fears Revenue Loss
Pressure is mounting on the Chancellor to introduce wealth taxes in the Budget, but critics warn the move could backfire by driving wealthy individuals …
3 min
UK Mortgage Rates Hit Three-Year High as Further Increases Loom
The average five-year fixed mortgage rate in the UK has climbed above 5.90 per cent, reaching its highest level in three years, with analysts …
5 min
Climate Crisis Drives Tea Production Down and Prices Up, Farmers Warn
Kenyan tea farmers are facing increasingly unpredictable weather, falling yields and rising costs, prompting warnings of a global tea shortage and higher prices as …
4 min
Global Markets Face Renewed Turmoil as AI Debt, Iran War and Bond Yields Alarm Investors
Financial markets have been thrown into renewed turmoil as the Iran war intensifies, the AI investment boom slows and government bond yields soar, raising …
4 min
Healey Urged to End Housing Benefit Freeze as 1.1 Million Families Face Record Rent Shortfall
The Resolution Foundation warns that over 1.1 million low-income households in rented homes will face a record gap between local rents and housing benefit …
4 min
UK House Prices Rise Overall but Some Areas See Falls of More Than 20 Per Cent
Average house prices across Britain are higher than a year ago, yet parts of the country have recorded sharp declines of more than 20 …
4 min
UK Diesel Prices Likely to Hit Record High Next Week, RAC Warns
The average price of diesel has reached 195.32p per litre, just 4p below the all-time high set in June 2022, with the RAC predicting …
3 min
Economists Urge Global Leaders to Back International Panel on Inequality
More than 1,500 academics and economists from over 100 countries have signed an open letter backing the International Panel on Inequality, calling the growing …
4 min
Diesel and Gas Prices Hit Record Highs as Experts Warn of Further Increases
US fuel costs surge to unprecedented levels amid geopolitical tensions, with President Trump calling the expense a necessary price for the Iran conflict. Analysts …
3 min
Bank of England Holds Rates at 3.75% and Warns Middle East War Could Force Future Rises
The Bank of England has kept interest rates unchanged for a sixth consecutive meeting, but warned that continued fighting in the Middle East could …
4 min
Fed Raises Interest Rates Again: What It Means for Credit Cards, Mortgages and Savers
The US Federal Reserve has raised interest rates once more, a move that will ripple through household finances by making credit card debt and …
4 min
Federal Reserve Raises Interest Rates for First Time in Nearly Three Years
The US central bank has lifted its benchmark rate for the first time since 2023, ending a long pause and signalling that further increases …
5 min
UK Inflation Rises to 3.1% as Fuel Prices Jump by Almost a Quarter
UK consumer price inflation returned above 3% in August, reaching 3.1% from 2.9% in July, driven by a near-25% annual surge in motor fuel …
4 min
Iran Conflict Drives UK Pump Prices to Four-Year High, Costing Drivers £7.5bn
A new study finds that the conflict with Iran has pushed UK petrol and diesel prices to a four-year high, forcing drivers to spend …
3 min
