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July 13, 2025

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Economics

Food prices pushed up by hot weather hitting harvest yields, say UK retailers

Rising fruit and vegetable prices contribute to jump in annual food price inflation in June to 3.7%Britain’s largest retailers are warning that food prices are being driven up by hot weather hitting harvest yields, as the latest UK heatwave pushes temp…

July 1, 2025
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White House says Canadian PM ‘caved’ to Trump demand to scrap tech tax

Trump officials hail U-turn as Mark Carney says decision to rescind digital services tax means revival of trade talksThe United States has said that Canada’s prime minister Mark Carney “caved” to demands from the White House after his government abrupt…

June 30, 2025
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Lindsey oil refinery owner Prax falls into administration as ministers urged to intervene

Concerns over conduct of bosses at Lincolnshire site, with ministers saying workers had been ‘badly let down’‘It breaks my heart’: how a refinery closure is hitting jobs and politicsBusiness live – latest updatesThe government has called for an investi…

June 30, 2025
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UK economic growth confirmed at 0.7% in first quarter; Lincolnshire oil refinery calls in administrators –as it happened

UK-US trade deal kicks in today, lowering tariffs for British carmakers and aerospace sectorUK households hit by squeeze on living standards despite fastest growth in G7Karim Haji, global and UK head of financial services at KPMG, said:May’s uptick in …

June 30, 2025
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UK households hit by squeeze on living standards despite fastest growth in G7

ONS confirms GDP growth at 0.7% between January and March but households saving less of disposable incomeBusiness live – latest updatesUK households faced a renewed cost of living squeeze in the first three months of 2025 amid increases in taxes and in…

June 30, 2025
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Starmer still facing Labour welfare anger over fears of ‘two-tier’ system

Rebel MPs will attempt to lay a new amendment on Monday giving colleagues a chance to delay bill despite No 10 concessionsKeir Starmer is battling to stem the revolt over his cuts to disability benefits, with about 50 Labour MPs concerned the concessio…

June 27, 2025
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Rising poverty in conflict zones ‘causes a billion people to go hungry’

In first assessment since pandemic in 2020, World Bank urges other countries to step up supportExtreme poverty is accelerating in 39 countries affected by war and conflict, leaving more than a billion people to go hungry, according to the World Bank.Ci…

June 27, 2025
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Reeves expected to freeze income tax thresholds to raise funds after welfare U-turn

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budgetRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growin…

June 27, 2025
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People dying early of cancer costs UK economy £10.3bn a year, study finds

Cancer Research UK says this is more than any other health condition and 350,000 years of productivity are lostPeople dying early of cancer costs the UK economy £10.3bn a year, more than any other health condition, a study has revealed.That is the tota…

June 27, 2025
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Office for National Statistics has ‘deep-seated’ problems and needs an overhaul

Devereux Review on the UK’s main statistics body also says a revision of past figures may be requiredThe UK’s main statistics body needs a £10m overhaul and its top role split in two after a series of management failings and errors that have plagued th…

June 26, 2025
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