Household energy bills could rise by around £250 a year from July as a result of the conflict with Iran, according to the industry trade body Energy UK.
Bank warns £344 spike in UK energy bills
Households could face a sharp rise in energy bills later this year as the surge in oil prices feeds through to consumer costs.
Trade tensions flare as EU halts US deal negotiations
Wall Street fell sharply on Monday as trade tensions flared again following the European Union’s decision to delay a transatlantic trade agreement after Donald Trump announced plans to impose new
Britain on track for worst decade in 100 years
Andrew Sentance, a former rate setter at the Bank of England, said the UK was on pace for “the most dismal decade for growth in 100 years”.
Starmer battles to stabilise his leadership position.
The pound is being weighed down by political uncertainty as Sir Keir Starmer struggles to stabilise his leadership.
World edges closer to full-blown trade war
Despite markets largely shrugging off renewed tariff threats from Donald Trump, the risk of a global trade war appears to be rising, according to AJ Bell.
US freezes UK trade talks after Starmer ‘lets America down’ over Chagos
The US has signalled that trade talks with Britain are on hold, after Keir Starmer was accused of “letting down” Washington over plans to transfer the Chagos Islands to Mauritius.
Trump’s Greenland gamble sparks US stock sell-off
US equities moved lower after Donald Trump said there was “no going back” on his intention to take control of Greenland.
Trump tariffs spark opening bell sell-off on Wall Street
Wall Street suffered a sharp sell-off at the opening bell as traders returned to their desks for the first time since Donald Trump escalated tariff threats linked to Greenland.
Badenoch tells Starmer to ditch China super-embassy
Kemi Badenoch has urged Sir Keir Starmer to block China’s proposal for a new super-embassy in London, arguing that approval would undermine UK security ahead of the Prime Minister’s planned
Cautious start for Wall Street on year’s final trading day
Wall Street has opened the final trading day of the year on a cautious note, with early losses across the major indexes. The Dow Jones Industrial Average is down 71
Labour mocked for ‘daft’ post on interest rate cuts
A senior economist has rebuked Labour for what he described as a “daft post” after the party appeared to take credit for the Bank of England cutting interest rates six