Category: Inflation

Labour could oversee worst parliament on record for living standards, study warns

Energy and housing costs threaten biggest decline in modern times unless bold action taken, says thinktankSoaring energy and housing costs mean Labour is on course to preside over the worst parliament for living standards in...

Read More

Healey vows to stick to fiscal rules in budget built on hope

Chancellor tells Labour conference it’s ‘not progressive’ to fail to balance books amid rising welfare bill as borrowing costs climb to record highBusiness live – latest updatesPrice of diesel on UK forecourts reaches all-time...

Read More

‘The weaker he gets, the more dangerous he gets’: Trump lashes out as his power wanes

Trump tries to dominate at the UN as his approval ratings plummet and even some Republicans stray from the scriptDonald Trump stood before the United Nations on Tuesday and threatened to “annihilate” Iran. Yet even as the most...

Read More

‘Just worry upon worry’: Europe faces a bleak winter as supply shock pushes factories to the brink

From Shropshire to Hamburg, depleting reserves and spiralling costs are spawning a continent-wide energy crisisBridgnorth Aluminium has faced down Brexit, Covid and repeated energy shocks in recent years. But this winter is...

Read More

New 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 More

UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran...

Read More

UK inflation falls to 2.6% in lift for Burnham’s cost of living plans

Annual June figure comes after new PM pledges to reduce pressure on households and improve economyUK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.The...

Read More

UK inflation falls to 2.6% in lift for Burnham’s cost of living plans

Annual June figure comes after new PM pledges to reduce pressure on households and improve economyUK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.The...

Read More

IMF upgrades UK growth forecast as fears over impact of Iran war diminish

July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries...

Read More

HS2 bill could rise to £102bn with first trains delayed until 2039, government admits

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 running between...

Read More

Reeves 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 More
Loading