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Plan, which aims to preserve jobs in clean tech and low carbon sectors, could include UK if there is reciprocal market accessThe European Commission has proposed a “Buy EU” plan to boost domestic low-carbon industries and help the continent compete aga…
UK’s FTSE 100 up by more than 50 points, while pan-European Stoxx 600 share index rises 1.2%Business live – latest updatesEuropean stock markets have rallied on a report claiming Iran is engaging in a “secret outreach” to end the war in the Middle East…
Rising oil and gas prices may hit increase of £300 a year for typical working-age households, says leading thinktankBusiness live – latest updatesConflict in the Middle East could trigger an energy price shock that wipes out anticipated growth in livin…
OBR raises forecast from 4.9% and downgrades UK’s growth prospects for 2026 – while also warning of war uncertaintyUnemployment in the UK is set to peak this year at a higher rate than previously estimated, with a “worrying” increase in young people be…
Attempt to project calm in spring forecast may be short-lived if living costs and unemployment keep climbingReeves insists Labour has ‘right economic plan’Business live – latest updates“This government has restored economic stability,” Rachel Reeves to…
Unemployment predicted to continue rising to 5.3% as chancellor says she is meeting energy firms amid soaring oil and gas pricesBusiness live – latest updatesRachel Reeves insisted Labour has “the right economic plan” for a world that has become “yet m…
Extended war in Middle East could cause ‘substantial spike’ in inflation and ‘sharp drop in output’ in eurozone and UK, ECB official saysBusiness live – latest updatesShoppers faced a surprise jump in grocery inflation last month after four successive …
ECB says Middle East war could cause higher inflationary pressure and warns of potential ‘sharp drop in output’Business live – latest updatesShoppers faced a surprise jump in grocery inflation last month, as experts warned there was worse to come if th…
Spring forecast show UK unempoyment to peak higher than feared, as tax take heads for a record, but headroom against fiscal rules has increasedSpring forecast: Reeves insists Labour has ‘right economic plan’ as 2026 growth downgradedUK grocery price in…
Warning comes as OBR projections in the spring forecast are expected to show public finances moving in the right directionSoaring global energy prices as a result of the widening Middle East conflict will jeopardise Rachel Reeves’s plan to conquer infl…