Supermarkets Urge UK Government to Cut Energy Taxes
Sainsbury's, Tesco, M&S, and Asda call on Labour to reduce energy taxes to prevent food inflation from rising amid the Iran war crisis.
Category : Economy GDP
Half of Brits Fear Investing Over Loss and Jargon
A poll of 2,000 adults reveals half of Brits avoid investing due to fear of loss, economic uncertainty, and jargon. Gen Z leads interest, but many lack knowledge.
Inheritance Tax Receipts Hit Record £8.5bn
UK inheritance tax receipts rose to a record £8.5bn in 2025-26, driven by Labour's property owner policies and fiscal drag, with further increases expected.
UK Economic Gloom Reaches Near 50-Year Peak
New polling shows British economic pessimism at its highest since 1978, driven by high taxes, sticky inflation, and low growth, with many feeling the country is on the wrong track.
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Asos Shares Rise 3% Despite Narrowing Losses
Asos shares rose over 3% after cutting pre-tax losses by £100m to £137.9m, though revenue fell 14% to £1.1bn. The fashion retailer deepens AI partnership with Microsoft.
BRC Chief: Red Tape 'Weighs Heavily' on Retailers
Helen Dickinson warns that government regulation stifles innovation and investment, as retailers grapple with policy burdens amid food inflation fears and workers' rights changes.
Economic Optimism Hits 50-Year Low Since 1970s
New Ipsos data reveals public economic optimism has plummeted to its lowest level since the Winter of Discontent, with 78% expecting further deterioration.
Trump's Fed Chair Pick Struggles to Secure Rate Cuts
Kevin Warsh, Donald Trump's choice for Federal Reserve chair, argues AI will justify lower interest rates, but faces resistance from board members amid high inflation and policy challenges.
UK Economic Optimism Hits Record Low
Brits' economic optimism has plummeted to its lowest level since records began in 1978, with 78% expecting conditions to worsen over the next year.
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Food Inflation Rises as Industry Warns of 'Storm Clouds Gathering'
Food inflation climbs to 3.7% with warnings of potential double-digit increases later this year due to energy and supply chain costs from the Iran conflict.
Reckitt Shares Slump on £150m Iran War Warning
Reckitt shares fell over 6% after warning of up to £150m hit from Iran war if oil stays at $110/barrel. Durex owner sees revenue dip in Europe, China condom sales hit by VAT.
Iran War's Economic Fallout Hits Global Poor Hardest
As ceasefire talks continue, the economic costs of the Iran conflict are mounting globally, with poorer nations bearing the brunt of rising food and energy prices while military spending soars.
Coffee Sales Drop as Australians Cut Back on Treats
Over 50% of Australian consumers are reducing coffee and snack purchases due to rising fuel and living costs, with economic uncertainty growing amid global conflicts.
UK Inflation Rises to 3.3% Amid Iran War Fuel Price Surge
UK inflation increased to 3.3% in March, driven by soaring petrol and diesel prices following the US-Israeli war on Iran. The rise adds pressure to household finances amid warnings of economic slowdown.
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Food Inflation Rises to 3.7% in March, Chocolate Prices Soar
UK food price inflation accelerated to 3.7% annually in March, up from 3.3% in February, driven by higher costs for chocolate, meat, fish, and soft drinks. Clothing prices fell sharply, offering relief to consumers.
Australian Economy Hit by US-Israel War on Iran
Treasurer Jim Chalmers warns Australians of tougher economic times ahead as the US-Israel war on Iran holds the economy hostage, with inflation and unemployment expected to rise.
UK Job Losses Feared as Iran War Sparks Economic Downturn
Analysis predicts 250,000 job losses by mid-2027 as UK flirts with recession due to Iran war fallout, with banking chiefs summoned by Rachel Reeves to discuss containment.
UK Economy Crippled by 'Compliance Industrial Complex'
A new report reveals Britain's economy is heavily dependent on state-driven sectors like HR, ESG, and EDI, dubbed a 'Potemkin' facade that stifles growth and innovation.
Inflation to Jump to 3.3% Due to Iran War Impact
UK inflation is forecast to rise to 3.3% in March, driven by soaring petrol prices, airfares, and heating oil costs linked to the conflict in Iran, posing challenges for the Bank of England.
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Consumer Confidence Suffers Biggest Drop in Four Years
British consumer confidence has recorded its sharpest decline in four years as fears over inflation from the Iran war and Strait of Hormuz blockage tighten household budgets.
Falling Fertility Rates Threaten Global Economic Stability
Fertility rates are declining worldwide, with the US hitting a record low of 1.57 children per woman, below the replacement level. This demographic shift strains public finances and social systems as populations age rapidly.
UK Economy 'Too Weak' for Inflation Spiral, Banks Say
Leading investment banks argue the UK's weak labor market prevents wage-price spirals despite energy shocks from the Iran war, contrasting with 2022 conditions.
Britain's Oil Shock Vulnerability: Indecision Risks Economy
As oil prices surge towards $200 a barrel, Britain's indecisive response to global disruptions leaves it dangerously exposed to inflation and supply chain shocks, threatening economic stability.
UK Growth Spurt 'Too Good to Be True' Warn Analysts
Economists warn the UK's 0.5% growth surge may be temporary noise, urging intervention on energy policy amid geopolitical risks and internal government debates.
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UK Economy Jumps 0.5% in Surprise Growth Before Iran War
The UK economy experienced an unexpected 0.5% growth in early 2026, driven by increased consumer spending and business investment ahead of tensions with Iran.
UK Economy Grows Modestly in February Amid Global Tensions
The UK economy expanded by 0.1% in February 2026, driven by services and construction, but growth remains sluggish amid ongoing global conflicts and market volatility.
UK Economy Beat Forecasts Before Iran War, Data Shows
Official data indicates the UK economy grew 0.5% in February, exceeding expectations before the Iran war disrupted trade. The IMF has since downgraded UK growth forecasts for 2026.
IMF Downgrades UK Growth, Reeves Faces Economic Test in Washington
Chancellor Rachel Reeves attends IMF meetings as Britain faces biggest G7 downgrade due to Iran war fallout, with inflation rising and growth forecasts slashed amid political pressure.
Households Cut Food Costs Amid IMF Recession Warning
New evidence reveals shoppers are tightening budgets on groceries, while the IMF cautions that Middle East conflict could severely dampen economic growth in Australia and globally.
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IMF: Strait of Hormuz Closure Risks Global Energy Crisis, Recession
The International Monetary Fund forecasts severe global economic scenarios from Middle East conflict, warning of higher energy prices, inflation, and potential recession as Australia prepares for Washington talks.
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