Transport secretary says first official estimate in 2026 prices shows cost turbocharged by inflationBusiness live – latest updatesThe HS2 high-speed railway will now cost up to £102.7bn and trains will not start...
Read MoreChancellor 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,...
Read MoreGDP 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 MoreCap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR saysBritain should lower speed limits for drivers as part of a package of measures to reduce the impact of the Iran war...
Read MoreFirms 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...
Read MoreState pension was ‘built for a different era’, says former PM’s organisation amid pressure on government financesLabour has been urged by Tony Blair’s thinktank to scrap the pensions triple lock amid...
Read MoreConsumer confidence hit its lowest level since October 2023 this month, with surveys showing the cost pressures companies are facingConfidence in the UK economy has fallen sharply amid the mounting economic fallout from the Iran...
Read MoreWith this escalating cost of living crisis, so many are really suffering – yet Labour lacks the imagination, boldness and will to do anything about itSix weeks ago, I was doing what I’ve always done – working...
Read MoreFebruary annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflictThe UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global...
Read MoreDonald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say expertsIn the days after the US and Israel first bombed Iran, financial markets bet the...
Read MoreMonthly GDP figure comes as higher energy prices look likely to drive up inflation, dashing hopes of interest rate cutBusiness live – latest updatesThe UK economy entered the Middle East crisis after a weak start to the...
Read MoreOil 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?...
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