News
UK set to shed 163, 000 jobs amid Iran war fallout " report
3+ hour, 6+ min ago (674+ words) Britain is expected to lose 163, 000 jobs this year amid the economic woes caused by the Iran war with lower income regions set to be hit hardest, according to a report. The Item Club's latest regional outlook warns that two of…...
Grocery price inflation falls to lowest level in a year
1+ week, 5+ day ago (344+ words) Grocery price inflation has fallen to its lowest level in a year as shoppers were warned that the Middle East conflict has "not yet" filtered through to supermarket shelves. Grocery prices are still 3. 8% higher than last April, but this is…...
Sainsbury's and WH Smith among latest firms facing Iran war impact
2+ week, 3+ day ago (532+ words) Sainsbury's and WH Smith have become the latest major UK brands to flag pressure on shoppers from the conflict in the Middle East. The past week has seen a raft of household names, also including Primark and Tui, shed light…...
Annual Government borrowing drops unexpectedly to lowest in three years
2+ week, 3+ day ago (551+ words) Chancellor Rachel Reeves has been given an unexpected dose of good news after government borrowing fell "20 billion in the latest financial year, but fears are mounting over a hit to the public finances from the Iran war. The Office for…...
Mortgage rates "likely to remain higher for some time yet
1+ mon, 2+ day ago (336+ words) Mortgage rates are likely to remain higher for "some time yet" despite some signs of the upward pressure easing, according to a financial information website. Global stock markets have been recovering after the US and Iran agreed a two-week ceasefire,…...
UK services industry hit by Iran war as "stagflation" risks increase
1+ mon, 4+ day ago (421+ words) Activity in the UK's services sector slowed last month as business and consumer spending were hit by war in the Middle East while cost inflation accelerated, increasing the risk of "stagflation, according to a new survey. The S&P Global…...
Firms predict faster increases in prices amid Middle East conflict
1+ mon, 1+ week ago (269+ words) UK firms have said they expect to increase prices more quickly as they come under pressure from surging energy prices linked to the Iran war, according to Bank of England data. The central bank's latest survey of finance bosses across…...
New rules to protect consumers from "subscription traps" due next year
1+ mon, 1+ week ago (405+ words) Consumers are to be better protected from "subscription traps" in a move that will save them a collective "400 million a year, the government has announced. New rules, expected to come into force early next year, will ensure consumers receive reminders…...
Reeves to work with supermarket bosses amid fears over food inflation
1+ mon, 1+ week ago (482+ words) The Chancellor and supermarket bosses agreed to explore together how to ease the cost of living for consumers amid a warning that the Middle East conflict could see food inflation soar higher than 9% by the end of 2026. The Food and…...
Grocery price inflation holds steady at 4. 3
1+ mon, 1+ week ago (410+ words) Grocery price inflation held steady at 4. 3% in March amid warnings that the figure is "likely to increase" as the Middle East conflict continues. The conditions that "make shoppers feel vulnerable" were "only intensifying", with more than 20% of Britons describing themselves…...