Alcohol-Free Beer Added to UK Inflation Basket
The Office for National Statistics has added alcohol-free beer, hummus, and pet grooming to its inflation basket, reflecting changing consumer trends toward healthier lifestyles and pet ownership.
The Office for National Statistics has added alcohol-free beer, hummus, and pet grooming to its inflation basket, reflecting changing consumer trends toward healthier lifestyles and pet ownership.
The Office for National Statistics has updated its inflation basket with alcohol-free beer, hummus, and pet grooming, reflecting changing consumer habits post-pandemic.
Chris Hayward warns that Britain faces an existential challenge on tax, talent, and technology. Without urgent action to enhance competitiveness, a generation of founders may relocate or list abroad.
Treasurer Jim Chalmers confirms inflation could peak in the mid to high fours due to Middle East tensions, with interest rate rises expected, but recession is not anticipated.
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RecommendedAs oil prices surge due to the Middle East conflict, UK residents and businesses face increased expenses for goods, services, and travel, alongside delivery delays and cancellations.
Yara International CEO warns extended Iran war could slash crop yields by 50%, with fertilizer prices soaring and supply chains disrupted, threatening global food security.
US workers face rising prices for groceries, utilities, and housing, with many taking on debt as wages stagnate, contradicting President Trump's assertions of a roaring economy.
An exclusive Harris Poll reveals 72% of Americans believe Trump's tariffs negatively impacted the economy, with price hikes felt across party lines as the White House doubles down on trade policies.
Fresh economic data reveals UK growth stalled in January as oil prices surge above $100 amid the Iran war, with experts warning sustained high prices could plunge Britain into recession.
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RecommendedNew economic data reveals the UK was already in significant trouble before the Middle East crisis, with weak growth and declining business confidence.
Official figures show zero growth in January as Middle East conflict drives energy price spikes, threatening fresh inflation and potential Bank of England rate hikes.
The UK economy grew by 0.2% in the three months to January, but the outlook is clouded by Middle East conflict-driven energy price spikes threatening fresh inflation.
Wholesale gas and oil price spikes from the Iran conflict will drive up supermarket costs, with experts warning of imminent price hikes for consumers across the UK.
Official figures reveal zero growth in January as services sector stalls, delivering a blow to Chancellor Rachel Reeves ahead of Middle East conflict that threatens inflation and recession.
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RecommendedOfficial figures reveal zero GDP growth in January, missing forecasts, as uncertainty from the chancellor's budget and rising oil prices threaten inflation and interest rate hikes.
The UK economy failed to grow in January 2026, with GDP unchanged and production declining, raising concerns about economic resilience ahead of energy price shocks.
A new report reveals extreme inequality in Mexico where the richest 1% controls 40% of national wealth. While poverty rates have decreased, the country's 22 billionaires have doubled their fortunes to $219 billion in just five years.
New analysis reveals that escalating oil prices due to the Middle East conflict could push the UK into a recession, with global GDP expected to decline by 0.7% and inflation rising to 5.1%.
On the 250th anniversary of The Wealth of Nations, Adam Smith's nuanced views on social justice and inequality challenge his free-market caricature, revealing a thinker concerned with institutions and fairness.
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RecommendedA potential conflict involving Iran, the US, and Israel could severely impact global oil prices and supply chains, exacerbating the existing cost of living crisis worldwide.
UK inflation decreased to 2.1% in February 2026, down from 2.5% in January, marking a significant easing in cost of living pressures as energy and food prices stabilise.
A new essay by economist Mark Skousen highlights how Adam Smith's revolutionary 1776 work The Wealth of Nations remains profoundly relevant today, offering timeless insights into economics and human nature.
The UK's modest economic growth faces disruption from Middle East conflict and Trump's policies, with forecasts downgraded and fiscal pressure mounting.
Economists warn soaring petrol prices will drive inflation higher, with the RBA board likely to increase interest rates to 4.1%, hitting Australians with dual financial pressures.
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RecommendedThe US and Israeli military action against Iran has driven oil prices to a four-year high, reigniting inflation fears in Australia and creating economic challenges for Prime Minister Anthony Albanese's second term.
The British Chambers of Commerce has revised UK growth forecasts downward to 1% for 2026, citing Iran conflict disruptions, persistent inflation above target, and weakening consumer spending.
Economists warn that soaring oil prices above $100 per barrel due to Middle East tensions could trigger inflation, recession fears, and government intervention worldwide.
As Iran appoints a new supreme leader, oil prices spike dramatically, creating global economic uncertainty. The UK government faces pressure to address rising costs while G7 leaders convene emergency talks.
Asian markets plummet as the Middle East conflict drives oil prices above $115 a barrel, fueling stagflation fears and disrupting global stock exchanges.
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RecommendedRising oil and gas prices due to Middle East tensions threaten global economic recovery, with central bankers warning of higher inflation and revised growth forecasts.