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Experts say Iran war could cause energy price shock that pushes up UK inflation, in turn forcing up interest ratesHSBC, Nationwide and Coventry building societies are the first big UK lenders to announce an increase in rates on their fixed mortgage dea…
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…
End of government subsidies drives electricity costs up by 19% in the month and leaves power bills nearly a third higher than they were a year earlierFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily n…
Labour MPs may clamour for bolder spending, but – like their Tory and Reform counterparts – they ask for the unaffordableToo many Labour MPs want it all, and no amount of pleading from the top of government about the depleted public finances seems to m…
Record public finances accompany stronger retail sales and business activity but some analysts express cautionThe economic backdrop to Rachel Reeves’s upcoming spring statement appeared to brighten on Friday after a trio of reports painted a better-tha…
January annual drop is lowest level since March 2025, although still above Bank of England’s 2% targetBusiness live – latest updatesUK inflation tumbled to 3% in January, giving a boost to hopes of an early cut in interest rates by the Bank of England….
Policymakers didn’t think people had the financial capacity to purchase ‘durable’ goods – but a rise in spending contributed to inflationFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastOn…
Economists predicted a slight easing of inflation, although it’s unclear whether Fed will again cut interest ratesUS inflation moderated in January to 2.4%, an easing after Donald Trump’s tariffs triggered price fluctuations last year.Prices rose 0.2% …
Unemployment rate was 4.3% in January with gains 13,000 less than the 143,000 jobs added a year ago, report showsThe US jobs market added 130,000 jobs in January, according to a highly anticipated labor market report released on Wednesday, a surge of j…