Petrol Retailers Cleared of Price Gouging by CMA
The CMA has cleared petrol retailers of profiteering during the Iran war, attributing higher fuel prices to rising oil costs. The government had accused retailers of price gouging.
Category : Economy GDP
NS&I Hikes Bond Rates to 4.5%: Better Returns for Savers
NS&I raises rates on British savings bonds to up to 4.5% AER, offering improved returns and monthly interest options for UK savers.
UK Manufacturing at Four-Year High, Costs Surge
UK manufacturing PMI reached 53.7 in April, a four-year high, but input costs surged at pandemic-era pace due to Iran war disruptions in the Strait of Hormuz.
Water Investors Flock to UU and Severn Trent
United Utilities and Severn Trent see share surges as investors favor well-run water firms, highlighting a divide in the sector.
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Alice Springs Unrest, One Nation Funding, Comedy
Police use teargas in Alice Springs after arrest linked to child's death; Gina Rinehart backs One Nation; former oil chiefs warn on fossil fuels.
Iran War May Cause Food Shortages in Africa, Yara Warns
Yara CEO warns Iran war could trigger food shortages and price rises in Africa, urging world leaders to prevent a global auction on fertiliser.
South East Water Chair Quits After Damning MPs Report
The chair of South East Water has resigned after a critical MPs' report on supply disruptions affecting thousands in Kent. The board seeks new leadership.
Millennials Best Placed to Navigate AI Era
As Lewis Liu turns 40, he reflects on how millennials, with one foot in the physical world and one in the digital, are uniquely positioned to lead the AI revolution ethically.
Social Media Ban Risks Stifling Gen Z Entrepreneurship
A proposed social media ban for under-16s in the UK could hinder young entrepreneurs who use platforms like Instagram to learn business skills and build brands, argues Charlie Terry.
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Hiring Freezes Loom as UK Business Confidence Stays Low
UK business confidence remains near historic lows, with hiring freezes expected as headcount expectations turn negative. Cost pressures ease slightly but remain elevated.
UK's Secret Beaches: No Crowds, No Crammed Car Parks
Discover the UK's hidden beaches with as few as 10 Google searches per month, from Abermawr Bay in Wales to Da Lang Ayre in Scotland. Avoid crowded shores this summer.
Bank of England Holds Rates, Warns of 6% Inflation Peak
The Bank of England keeps interest rates on hold despite inflation expected to peak above 3.5% and possibly 6% due to Middle East conflict, with higher energy bills and mortgage costs.
Eurozone Inflation Hits 3% as Iran War Drives Energy Prices
Eurozone inflation soared to 3% in April, driven by a 10.9% surge in energy prices amid the Iran war, while growth slowed to 0.1%. ECB holds rates.
Chalmers: Investor Tax Changes Not Big Revenue Soon
Treasurer Jim Chalmers warns proposed CGT and negative gearing changes will not generate substantial revenue in the short term, as Deloitte urges broader reforms for budget repair.
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US GDP Rebounds 2% as Consumer Spending Slows
US GDP grew 2% in Q1 2026, driven by AI investment and government spending, but consumer spending slows as Iran war fuels oil prices and inflation fears.
Tax AI Slop to Protect Human Creativity
AI-generated slop threatens human creativity. A proposed 1% tax on major AI companies could fund cultural institutions and restore balance.
Bank of England Warns of Higher Inflation from Middle East War
The Bank of England holds interest rates at 3.75% but warns higher inflation is unavoidable due to the Middle East conflict, with potential rate hikes later this year.
Ex-Oil Leaders Warn Fast-Tracked Fossil Fuels Cost Australians
Former BP and Shell executives warn that prioritizing fossil fuel projects over renewables will lock in higher costs and price shocks for Australians, urging a shift to clean energy.
Fast Food Stocks Tumble on ASX Amid Cost of Living Crisis
Shares in Domino's, KFC operator Collins Foods, and Retail Food Group have fallen sharply on the ASX as consumers cut spending on fast food due to rising living costs and inflation.
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Fund Groups Weigh Cutting Research Costs Amid Rule Changes
Asset managers are reconsidering research spending ahead of new regulations, potentially reshaping the investment landscape in London and beyond.
Brits Delay Life Admin for Over Three Months
A study reveals Brits put off essential tasks like MOTs and tax returns for over three months, risking fees and service disruptions. Behavioural psychologist Jo Hemmings comments on procrastination.
Oil Prices Hit Wartime High: UK Impact
Oil prices have surged to their highest since 2022 as US-Iran tensions escalate. Experts warn of rising petrol costs, inflation, and potential recession in the UK.
Oil Price Hits Wartime High as Trump Weighs Iran Action
Brent crude surged 7.1% to over $126 per barrel after reports that President Trump is set to receive a briefing on new military operations in Iran, threatening the fragile ceasefire.
3m UK households skip meals amid rising costs
Which? report reveals 3 million UK households skip meals as consumer confidence hits lowest since 2022 cost of living crisis, with 85% worried about food prices.
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Australia Fuel Crisis Deepens as Living Costs Soar
Australia faces a deepening fuel crisis with surging prices hitting households hard, as political leaders debate solutions amid rising cost of living pressures.
BNP Paribas Banking Fees Fall 10% on Market Caution
BNP Paribas reports a 10% decline in global banking fees as clients adopt a wait-and-see approach due to economic uncertainty and geopolitical tensions.
UK Faces £35bn Hit and Recession Risk Over Iran War
Niesr warns Britain faces a £35bn economic hit and possible recession from the Iran war, downgrading growth forecasts and raising inflation fears.
Australia's News Bargaining Incentive: A Step Forward with Gaps
Australia's new News Bargaining Incentive aims to make tech giants pay for news, but concerns remain over bargaining power and AI's rise.
Australia's Fuel Crisis: Budget Must Balance Panic and Preparation
As fuel crisis looms, Treasurer Jim Chalmers faces the challenge of preparing Australia for economic fallout. The budget must address NDIS, housing, and energy reforms.
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Australia Inflation Hits 4.6%, Fuel Shock Bites, RBA Rate Hike Likely
Annual inflation in Australia surged to 4.6% in March, driven by fuel costs from the Iran war, sparking expectations of an RBA rate hike next week.
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