Category: Commodities
Drill, Burnham, drill? The oil basin that is a totem for Trump – and a headache for Britain’s new PM
North Sea oil, once the driving force of the UK economy, may be dwindling but it remains a symbol of prestige and a rich resource for political debateWhen oil was first discovered off the north-east coast of Scotland in...
Read MoreMassive Attack and Paris Paloma join musicians urging Burnham to reject new North Sea drilling
Brian Eno and Olly Alexander also among signatories saying exploitation of Rosebank and Jackdaw fields defies realityMore than 200 musicians including Massive Attack and Brian Eno have written to Andy Burnham, urging him to...
Read MoreNew UK cost of living crisis looms with soaring energy bills forecast to lift inflation
Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout British households are facing a renewed cost of living squeeze, with official figures expected to...
Read MoreRising oil prices could force up UK interest rates, say economists
Bank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costsThe Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if...
Read MoreNorth Sea oil industry urges Burnham to approve new drilling in UK waters
Lobby appeals to prospective PM’s reindustrialisation agenda as it pushes for Rosebank and Jackdaw approvalThe UK’s North Sea oil industry has made a last-ditch attempt to curry favour with the Labour government by appealing to...
Read MoreNigel Farage received £270,000 from gold marketer he promotes
Reform UK leader’s Direct Bullion payment is double his fee from 2025UK politics live – latest updatesNigel Farage received £270,000 from a gold marketer for which he is a brand ambassador, his single biggest payment as an...
Read MoreNigel Farage received £270,000 from gold marketer he promotes
Reform UK leader’s Direct Bullion payment is double his fee from 2025UK politics live – latest updatesNigel Farage received £270,000 from a gold marketer for which he is a brand ambassador, his single biggest payment as an...
Read MoreNigel Farage received £270,000 from gold marketer he promotes
Reform UK leader’s Direct Bullion payment is double his fee from 2025UK politics live – latest updatesNigel Farage received £270,000 from a gold marketer for which he is a brand ambassador, his single biggest payment as an...
Read MoreReeves seizes on surprise UK growth as evidence Labour leadership must stay
Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran warBusiness live – latest updatesAnalysis: Reeves says ‘if economy ain’t broke, don’t fix it’The chancellor...
Read MoreUK economy records surprise 0.3% growth in first month of the Iran war
GDP reading ties in with some surveys suggesting UK plc has kept up momentum despite rising fuel costsThe UK economy unexpectedly grew during the first full month of the Iran war, according to official figures, suggesting the...
Read MoreAirlines and companies using fuel surcharges to cover surge in costs, UK survey shows
Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plasticsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on Iran dealAirlines...
Read MoreHelium: the invisible gas that powers AI, and why it’s in short supply – podcast
Alongside the oil and gas stranded in the strait of Hormuz is another commodity vital to today’s economy: helium. It is a critical element in all kinds of areas from MRI machines to the Large Hadron Collider, and even deep-sea...
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