Liz Kendall admitted changes are “never easy” today as she unveiled a massive £2.5 billion U-turn on Labour’s controversial welfare reforms – slashing expected savings in half after facing the …
Inflation
News and analysis on inflation in the UK — including rising prices, Bank of England updates, cost of living pressures, interest rate changes, and government or political responses.
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News
Iran Holds World To Ransom: Ayatollahs Threaten To Shut Down Oil Lifeline In Chilling ‘Doomsday’ Plot
by Darren SmithRevolutionary Guards chief vows to choke off 20% of global energy supplies as Parliament backs closure of vital shipping lane IRAN is threatening to hold the world economy hostage by …
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Economy
Firms Warned to Fight Rayner’s ‘Crippling’ Labour Laws or Face Economic Disaster
by James CarterOver 100 companies sign scathing letter as Conservatives brand Deputy PM’s plans ‘unemployment bill’ British businesses have launched a co-ordinated assault on Angela Rayner’s “deeply damaging” employment laws, with industry …
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Economy
Bank of England Holds at 4.25% as Inflation Soars to 3.4% – Middle East Tensions and Rising Food Costs Dash Hopes of Summer Relief for Mortgage Holders
by Darren SmithThreadneedle Street Breaks Pattern of Cuts as Price Pressures Mount – Expert Warns Inflation Will Stay Above 3% Throughout 2025 Amid ‘Persistent Wage Growth’ The Bank of England has dashed …
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Economy
Bank of England set to hold rates at 4.25% as inflation and global uncertainty persist
by Tara WhitmanEconomists predict pause in rate-cutting cycle amid unexpected rise in inflation to 3.5% Labour market shows signs of weakness as wage growth slows and unemployment rises Trump tariff concerns and …
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Economy
Rachel Reeves admits Iran crisis could devastate UK economy as oil prices SURGE 10% – while experts warn costs could hit $125 a barrel if Tehran shuts vital shipping route
by Darren SmithChancellor dodges questions on whether her already-delicate spending plans will be smashed by Middle East crisis Former BP boss Lord Browne warns oil prices will ‘go up a long way’ …
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Economy
UK drivers face MASSIVE fuel price hikes ‘within hours’ as oil soars 13% after Israel bombs Iran’s nuclear sites – with prices set to hit RECORD highs
by Darren SmithExperts warn motorists to ‘brace for impact’ as Middle East crisis sends oil markets into turmoil – Brent crude jumps to five-month high British motorists are facing an immediate fuel …
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Rachel Reeves faces mounting pressure as trade war devastates British businesses and threatens spending plans Britain’s economy has suffered its sharpest monthly contraction since 2023, with GDP plummeting 0.3% in …
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IFS ‘baffled’ by spending plans as Chancellor admits GDP figures are ‘disappointing’ but refuses to rule out more tax pain Rachel Reeves is teetering on the brink of another punishing …
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Economy
Cost of a pint surges to £5.15 as major pub chain hit with £8m staff costs bombshell from Rachel Reeves tax grab
by Darren SmithBritish Beer and Pub Association warns average pint price will smash through £5 barrier as minimum wage and National Insurance hikes hammer hospitality sector Beer lovers face a bitter pill …