Category: Commodities
Starmer warns of bigger impact on economy the longer Iran war continues – as it happened
The prime minister is facing pressure from unions and some backbenchers to prepare a support package as oil and gas prices threaten to push up inflationAs we mentioned in the opening post, the chancellor, Rachel Reeves, has a...
Read MoreIs the UK government prepared for oil price hikes? – podcast
Oil prices have already shot up thanks to the US-Israeli war in Iran. But what is the economic fallout likely to be? Will interest rates rise? What about inflation? Could the cost of borrowing increase – and by how much?...
Read MoreLengthy US-Iran war would affect ‘lives and households of everybody’, says Starmer
Ministers understood to be considering ways to mitigate rising energy bills as oil prices surpass $100 a barrelMiddle East crisis – live updatesUK politics live – latest updatesKeir Starmer has said that a long-term...
Read MoreStarmer warns of bigger impact on economy the longer Iran war continues – UK politics live
The prime minister is facing pressure from unions and some backbenchers to prepare a support package as oil and gas prices threaten to push up inflationAs we mentioned in the opening post, the chancellor, Rachel Reeves, has a...
Read MoreStarmer seeks to reassure public over cost of living as oil surges above $100 a barrel – UK politics live
The prime minister is facing pressure from unions and some backbenchers to prepare a support package as oil and gas prices threaten to push up inflationGood morning and welcome to our live coverage of UK politics as governments...
Read MoreWar in Middle East ‘could wipe out growth in UK living standards’
Rising oil and gas prices may affect increase of £300 a year for typical working-age households, says leading thinktankBusiness live – latest updatesThe Middle East crisis could trigger an energy price shock that...
Read More‘By the end of the day we’re just knackered’: business booms for UK’s south Asian jewellers as gold prices soar
Economic uncertainty drives customers to snap up 22-carat gold bars and coins or sell off unworn jewellery“With everything that’s going on in the economy and Donald Trump banging his chest against the world,...
Read MoreWhy Russia’s economy is unlikely to collapse even if oil prices fall
Hopes that tougher sanctions and lower oil prices could derail Putin’s war effort underestimate how far the Kremlin has rewired its economyPacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute...
Read MoreFarage criticised for £400,000 job promoting physical gold as pension investment
Exclusive: Reform leader promotes Direct Bullion – but experts say commodity is not for everyday investorsNigel Farage has been criticised over his £400,000-a-year second job promoting the idea that people should buy...
Read MoreFarage criticised for £400,000 job promoting physical gold as pension investment
Exclusive: Reform leader promotes Direct Bullion – but experts say commodity is not for everyday investorsNigel Farage has been criticised over his £400,000-a-year second job promoting the idea that people should buy...
Read MoreNationalise gas power plants to boost energy security, thinktank urges UK ministers
Common Wealth says private gas-fired stations can charge exorbitant fees when renewable energy is in short supplyBritain’s gas power stations should be nationalised to prevent their owners from holding the electricity...
Read MoreUK annual borrowing nearly £15bn above official forecast; stocks rise as Trump rows back on Fed attack – business live
UK government borrowed £151.9bn in year to March; investors cheered by hopes of US-China trade dealING currency analyst Francesco Pesole explained:Bessent threw a lifeline to fragile US sentiment with conciliatory remarks...
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Oil prices have already shot up thanks to the