News
Sainsbury's and WH Smith among latest firms facing Iran war impact
3+ hour, 28+ min 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…...
UK to narrowly avoid recession and jobless rate to surge, Item Club warns
4+ day, 7+ hour ago (416+ words) Britain is to "flirt" with recession and unemployment will be sent soaring amid the fallout of the Iran war, according to economic forecasters. The latest Item Club report predicts the economy will flatline in the second and third quarters, which…...
Mortgage availability expected by lenders to increase in coming months
2+ week, 16+ min ago (445+ words) Mortgage availability to households is expected to increase over the three months to the end of May, according to a Bank of England survey of lenders. The availability of non-mortgage credit to households is also predicted to rise in the…...
Firms predict faster increases in prices amid Middle East conflict
3+ week, 1+ hour 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…...
From sourdough to shuttered shops: A tale of two Kent high streets
3+ week, 4+ day ago (1254+ words) On a midweek morning in leafy Sevenoaks, the high street is well-kept, smart and boasts brands such as Oliver Bonas, Sweaty Betty and Gail's Bakery. You can count the empty shops on one hand - while some of the surrounding suburbs…...
Minister plays down job losses as Chancellor prepares to commit to AI drive
1+ mon, 5+ day ago (462+ words) Embracing artificial intelligence will not lead to job losses "overall, a Treasury minister has said as Rachel Reeves prepares to commit the UK to accelerating adoption of the technology. The Chancellor is expected to pledge the UK to "the fastest…...
UK interest rate cut off the table amid Middle East conflict, economists say
1+ mon, 1+ week ago (499+ words) Soaring energy prices caused by the war in Iran means an interest rate cut next week "makes no sense, with future reductions also hanging in the balance, economists have said. Economists have changed their opinion on what will happen to…...
Irish deputy premier criticises fuel price "anomalies
1+ mon, 1+ week ago (766+ words) Big differences in prices at fuel pumps cannot "be blamed on Iran or what's happening in the Gulf, Ireland's deputy premier has said. Tanaiste Simon Harris encouraged members of the public to provide information to the country's Competition and Consumer…...
UK faces inflation pressure as Iran conflict continues
1+ mon, 1+ week ago (571+ words) Ministers face pressure to act on the cost of living as the Iran conflict threatens to push prices higher. Oil prices have soared since the US and Israel began strikes on Iran, exceeding 100 dollars per barrel on Monday. Although prices…...
UK interest rates could go back above 4% if energy shock persists, Niesr warns
1+ mon, 2+ week ago (474+ words) Interest rates in the UK could be pushed back up above 4% if war in the Middle East prompts a persistent spike in oil and gas prices, an economic think tank has warned. The National Institute of Economic and Social Research…...