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GDP hit by higher energy prices caused by Middle East conflict, after 3% rise in MarchThe UK economy contracted by 0.1% in April as the Iran war began to take its toll on growth, official figures show.As energy prices have risen as a result of the conf…
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy pricesDonald Trump said “I love the inflation” after new data showed that inflation jumped to an annual rate of 4.2% in May, the third consecu…
Tom Kerridge says ‘whole of hospitality’ should get behind Burnham who has called for VAT cut from 20% to 10%Chefs and restaurateurs have said they hope Andy Burnham becomes prime minister after he backed calls to cut VAT tax for hospitality businesses…
Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitmentUK companies are increasingly hiring temporary workers instead of permanent staff because of low confidence in the economy and higher cost…
Labour candidate in Makerfield byelection says party has ‘got it wrong on small businesses’Andy Burnham has said he would consider cutting some employers’ national insurance contributions, and proposed a cut to business rates for pubs and small, family…
Chancellor hails deal saying it will create tens of thousands of jobs in the construction, hospitality, creative and technology sectorsBusiness live – latest updateBritish taxpayers will provide £1.3bn in funding to help the Hollywood studio giant Univ…
Centrepoint warns young people facing ‘huge scarcity of work opportunities’ after Alan Milburn’s report on crisisThe growing number of young people not in work or education is driving more into unstable housing or homelessness, charities have warned.A …
Energy specialists say abandoning net zero and increasing oil and gas drilling would cause more instability for BritonsUK politics live – latest updatesAbandoning net zero and drilling for more oil and gas in the North Sea would be a massive setback fo…
Alan Milburn’s landmark report says unemployment among young costs UK £125bn a year and warns of ‘lost generation’ ‘A record of failure’: what’s in first part of Milburn report?Tell us: we would like to hear from young people in the UK about their job …
Chancellor’s supporters urge MPs to back her if Keir Starmer is replaced, saying she is only candidate who can safeguard UK’s financesRachel Reeves has launched a rearguard action to save her job as chancellor, telling friends she would like to stay in…