Category: Inflation

Cut UK speed limits to reduce Iran war impact on consumers, thinktank urges

Cap 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...

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Airlines 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...

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UK braces for price rises driven by Iran war as economic confidence plummets

Consumer 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...

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What I learned from my first few weeks as a Green MP? Most politicians have no clue how tough things are out there | Hannah Spencer

With 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...

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UK inflation held at 3% before global energy price hit from Iran war

February 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...

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‘The stakes are enormous’: how a prolonged Iran war could shock the global economy

Donald 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...

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UK economy unexpectedly flatlined in January, official figures show

Monthly 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...

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Brighter UK economy gives Reeves a springboard for March statement

Record public finances accompany stronger retail sales and business activity but some analysts express cautionThe economic backdrop to Rachel Reeves’s upcoming spring statement appeared to brighten on Friday after a trio...

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