Gerard Lyons has warned that Britain and several other major advanced economies are moving toward a sovereign debt crisis as governments struggle to rein in public spending and global borrowing
Gerard Lyons has warned that Britain and several other major advanced economies are moving toward a sovereign debt crisis as governments struggle to rein in public spending and global borrowing
The BBC licence fee is set to rise above £180 next year, marking the sharpest increase in years and reigniting debate over the broadcaster’s long-term funding model.
Petrol stations have been accused of overcharging drivers after the competition watchdog reported a sharp rise in fuel profit margins.
Oil prices are hovering near their lowest point in four years, prompting renewed calls for fuel retailers to lower pump prices.
The AA has warned that petrol prices remain “uncomfortably close” to their peak levels from the first two years of the Ukraine war despite a global slump in oil prices.
Fuel prices across the UK have fallen to their lowest levels in three years, providing some relief for drivers ahead of Christmas, according to figures released on Wednesday.
The price of a litre of petrol has dropped to its lowest level in three years, according to industry data, due to decreasing global oil demand.
Petrol and diesel prices are dropping at their fastest rate this year, relieving motorists as electric vehicle adoption falters.
According to the RAC, petrol prices should be 6p per litre lower than drivers currently pay at the pump.
Drivers continue to overpay for fuel as retail margins remain “significantly” above historical levels, according to the Competition and Markets Authority (CMA).
UK drivers are paying the highest diesel prices in Europe, according to a new analysis by the RAC.
Shell’s earnings fell by nearly a third as the company adapted to reduced oil and gas prices.