Category: Oil

Reeves cuts VAT on summer days out to 5% as part of cost of living support

Chancellor says she will raise tax on global oil giants to help meet costs of plans and confirms freeze on fuel duty increasesBusiness live – latest updatesRachel Reeves will cut VAT to 5% on summer attractions such as...

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Streeting says he resigned because Labour ‘in fight of our lives against nationalism’, and is currently losing – as it happened

This blog is now closed, you can read more on this story hereLabour is in a curious, transitional state at the moment. Officially Keir Starmer is committed to staying as leader and prime minister until the next election. There...

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Streeting says he resigned because Labour ‘in fight of our lives against nationalism’, and is currently losing – UK politics live

Former health secretary standing down after saying he no longer had confidence in Keir Starmer as PMLabour is in a curious, transitional state at the moment. Officially Keir Starmer is committed to staying as leader and prime...

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Ban private jets and cut speed limits to avert UK fuel crisis, say campaigners

Climate and transport organisations warn ministers not to ‘sleepwalk into crisis’ amid Iran war oil and gas shortagesPrivate jets should be banned and the speed limit on UK motorways reduced to 60mph as part of a...

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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,...

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UK economy records surprise 0.3% growth in first month of the Iran war

GDP 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...

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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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Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart

Unintended consequence of US president’s actions will be boon for China, the leading renewables manufacturerOperation Epic Fury has thus far achieved none of Donald Trump’s war aims, but it may well accelerate the...

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The no-go zone paradox: Chornobyl’s wildlife thrives amid pro-nuclear shift

World’s worst nuclear disaster leaves mixed legacy of nature’s resilience amid serious contamination, as wars increase lobbying for energy supplyForty years on from the world’s worst nuclear disaster, Chornobyl...

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