Category: Cost of living crisis

Iceland boss hits out at parent ‘exploitation’ in baby milk market

Richard Walker calls for price cap on infant formula as competition watchdog finds evidence of greedflation The boss of Iceland has hit out at “exploitation” of new parents and joined calls for a price cap on baby...

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Top 10 hedge funds made £1.5bn profit from Ukraine war food price spike

Analysis covering first quarter of last year raises questions over role of speculators in inflating food pricesRussia-Ukraine war – latest news updatesHedge funds have emerged as some of the biggest winners from the global...

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Former BP chief urges freeze to UK energy price cap to help households

Ofgem should stop rises in cap, and energy firms unable to offer lower bills should be nationalised, says Nick ButlerA former executive at the oil company BP has called for increases to the energy price cap to be scrapped and...

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Global recession risk rising as economic outlook ‘darkens significantly’, IMF says

Cost-of-living crisis ‘only getting worse’ says IMF chief Kristalina Georgieva, predicting a tough 2022, and ‘even tougher 2023’The outlook for the global economy has “darkened significantly”...

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Former Tory leader Michael Howard says Johnson should resign after double byelection loss – UK politics live

Latest updates: PM says he will ‘keep going’ after Labour wins Wakefield and Lib Dems take Tiverton and Honiton and party chair resigns Full report: Boris Johnson says he will keep going despite defeatsLabour and Lib...

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