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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…
Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surgingUS-Israel war on Iran – live updatesLeading maritime insurers have cancelled war risk cover for vessels operating in the Gulf as the escalating Iran conflict…
The narrow shipping route on Iran’s southern border carries one fifth of global seaborne crude oil, one fifth of LNG shipments and one third of the most widely used fertiliserGet our breaking news email, free app or daily news podcastDonald Trump’s att…
Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growthBusiness live – latest updatesUS-Israel war on Iran – live updatesThe impact of the deadly and unpredictable conflict in the Middle East on…
Rachel Reeves’s upcoming spring forecast has not led to slowdown, as property tax rumours did in NovemberBusiness live – latest updatesUK politics live – latest updatesHouse prices in the UK increased in February, avoiding a repeat of the “negative spe…
Funding uncertainty is main concern, despite Labour’s pledge to revitalise construction, survey showsAlmost two-thirds of senior council officers have said they are seeing construction projects delayed, despite the key role of local authorities in crea…
QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sitesBusiness live – latest updatesUS-Israel war on Iran – live updatesGas prices surged on Monday and oil rose sharply as an escalation in the …
Chancellor urged to reform Office for Budget Responsibility to open way to more public investmentRachel Reeves must reform the Office for Budget Responsibility (OBR) to open the way to more public investment, an alliance of thinktanks has argued ahead …