UK Food Prices on Track for 50% Rise Since Crisis Began
UK food prices are predicted to be 50% higher by November since the cost-of-living crisis started, driven by extreme weather, supply chain issues, and energy costs.
Category : Economy GDP
Britain's Fragile Systems: Why Resilience Must Be Prioritized
The Bank of England warns food inflation could reach 7% due to global shocks, exposing Britain's lack of safeguards. A call for resilience is urgent.
California gas prices top $6 per gallon, highest since 2020
California's average gas price reaches $6.06 per gallon, the highest in four years, as national prices surge due to the US war on Iran, costing Americans $21.7 billion extra since March.
Eco-Friendly DIY: Fix Tools Without Hurting the Planet
Australia imports over 1 million outdoor power tools yearly. Learn how to switch to electric, use tool libraries, and reduce waste with sustainable DIY practices.
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Deaths Outnumber Births: Demographic Tipping Point
In 2024, 21 of 27 EU countries had more deaths than births. This trend, driven by longer lives and fewer babies, is reshaping societies worldwide. Adaptation is key.
How a £10 Spa Day Transformed My Finances
Donna Davies shares how a £10 spa event inspired a weekly budget challenge, helping her economize and find joy in low-cost activities. She now advocates for mindful spending.
Burnham and Streeting Leadership Bids Alert Bond Markets
Bond markets are on high alert as reports suggest Andy Burnham and Wes Streeting are preparing Labour leadership bids, with analysts flagging risks to fiscal stability and gilt yields.
I tried 24 hours without oil-based products. Impossible
A journalist attempted to avoid petrochemicals for a day, discovering how deeply embedded they are in modern life, from mattresses to medical supplies.
CEO Pay Soared 20x Faster Than Workers in 2025
CEO pay surged 20 times faster than worker pay in 2025, with real wages falling 12% since 2019, widening inequality beyond global levels, according to Oxfam and ITUC.
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Octopus CEO: Some Would Accept Blackouts for Lower Bills
Octopus Energy CEO Greg Jackson suggests some households might accept occasional blackouts in exchange for much lower energy bills, sparking debate on grid investment costs.
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.
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.
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