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June 5, 2026

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Inflation

Cut UK speed limits to reduce Iran war impact on consumers, thinktank urges

Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR saysBritain should lower speed limits for drivers as part of a package of measures to reduce the impact of the Iran war on consumers, a thinkta…

May 7, 2026
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Fertiliser shortages to have dramatic effect on food prices, says Duke of Westminster’s firm

Powerful property and farming firm Grosvenor Group says knock-on effect of Iran war could arrive next yearFertiliser shortages caused by the Iran war have driven up costs for UK farmers by up to 70% and will have a “dramatic” impact on food prices glob…

May 7, 2026
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Airlines among companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on Iran dealAirlines and other companies are increasingly…

May 6, 2026
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Four in five Britons worried Iran war will make food more expensive, poll finds

Shoppers concerned about effect of Middle East conflict, as UK retailers say government running out of time to cut costsFour in five people are worried that the Iran war will make food more expensive, according to a new poll, as businesses warned the “…

May 6, 2026
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Rubio insists US is ‘very fortunate’ as Iran war pushes gas price near $4.50

US secretary of state says US is better off than other countries hit by disruption in oil suppliesMarco Rubio has argued the US is in a “very fortunate” position as fuel prices continue to climb nationwide amid disruption sparked by the US-Israel war o…

May 6, 2026
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UK food prices on track to rise by 50% since start of cost of living crisis

Beef and olive oil costs increase the most as climate and energy shocks drive inflation, research suggestsFood prices are on track to be 50% higher in November than at the start of the cost of living crisis in 2021, research suggests.Climate and energy…

May 4, 2026
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Average price of gas in California edges past $6 a gallon, highest level in four years

Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on IranExxon and Chevron quarterly earnings fall despite soaring oil pricesSign up for the Breaking News US newsletter emailThe average price for a gall…

May 1, 2026
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CEO pay soared in 2025, 20 times faster than workers’ pay

Analysis finds real wages fell 12% since 2019, with inequality widening in the US beyond global levelsCEO pay increased 20 times faster than worker pay around the world in 2025, according to a new analysis from Oxfam and the International Trade Union C…

May 1, 2026
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NatWest faces £140m hit from Iran war as UK growth slows and inflation rises

Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessmentBusiness live – latest updatesNatWest said the economic fallout from the conflict in the Middle East could cost it £140m amid slowing growth and risin…

May 1, 2026
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Tony Blair’s thinktank urges Labour to scrap ‘unaffordable’ pension triple lock

State pension was ‘built for a different era’, says former PM’s organisation amid pressure on government financesLabour has been urged by Tony Blair’s thinktank to scrap the pensions triple lock amid mounting pressure on government finances.With the Ir…

May 1, 2026
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  • LA-bound Boeing 787 collapses before take-off (VIDEO) June 5, 2026
  • Elbit Systems Deutschland to Showcase Advanced Technologies at ILA Berlin 2026 June 5, 2026
  • Suspected Ukrainian drone explodes in Romanian port June 5, 2026
  • Shakira and Burna Boy opening World Cup in Mexico, Katy Perry headlines US June 5, 2026

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