News

The Standard
standard. co. uk > news > uk > gdp-latest-february-uk-economy-rachel-reeves-b1278896. html

UK economy boost: GDP revealed to have grown 0. 5% in February

2+ hour, 20+ min ago  (277+ words) The UK economy grew by a much higher than expected 0. 5% in February, it has been revealed. The latest GDP figure shows an unexpected boost to growth before the Iran war kicked off. Markets had expected a far more modest 0. 1% increase…...

The Standard
standard. co. uk > business > money > santander-tsb-middle-east-john-charcol-b1278793. html

Meaningful relief for borrowers" as banks prepare to cut mortgage rates

1+ day, 1+ hour ago  (861+ words) Santander is reducing mortgage rates being offered to borrowers with smaller deposits from Thursday, raising hopes that similar changes will be made more widely across the market. Chancellor to hold talks with US counterpart after strong criticism of Iran war…...

The Standard
standard. co. uk > news > uk > barratt-iran-middle-east-b1278756. html

Barratt cautions over rising build costs as Iran war sends energy prices soaring

1+ day, 1+ hour ago  (471+ words) Barratt Redrow has warned over rising build costs and the potential for interest rates to stay higher for longer due to the Iran war as soaring energy costs send material prices higher. The UK's biggest housebuilder said while build costs…...

The Standard
standard. co. uk > news > politics > imf-growth-forecast-economy-rachel-reeves-iran-wat-g7-inflation-b1278686. html

UK growth forecast cut as economy faces biggest hit of G7 due to Iran war

1+ day, 15+ hour ago  (991+ words) The UK is set for the biggest hit to growth from the world's largest economies due to the conflict in the Middle East, the International Monetary Fund (IMF) has warned. The spike in energy prices caused by the war will…...

The Standard
standard. co. uk > business > business-news > andrew-bailey-middle-east-international-monetary-fund-bank-of-england-rachel-reeves-b1278715. html

Middle East conflict sparked major supply shock, says Bank of England boss

1+ day, 12+ hour ago  (795+ words) War in the Middle East has caused "a major supply shock, the head of the Bank of England has said, but he remained tight-lipped on what it could mean for interest rates. However, while Andrew Bailey acknowledged the Iran conflict…...

The Standard
standard. co. uk > business > money > tsb-middle-east-b1278736. html

31% of people "cutting back on essentials to ease financial pressures

1+ day, 13+ hour ago  (503+ words) Two-thirds (66%) of people are concerned about their finances over the coming months and three in 10 (31%) have been cutting back on essentials such as food and heating, a survey has found. Nearly two-fifths (38%) said their finances have worsened since this time…...

The Standard
standard. co. uk > business > business-news > imf-rachel-reeves-middle-east-iran-andrew-bailey-b1278686. html

UK economy faces hardest hit of G7 from Iran war says IMF as growth forecast cut

1+ day, 22+ hour ago  (1020+ words) The UK has suffered the sharpest cut to growth forecasts of the largest global economies after the conflict in the Middle East raised the prospect of a "major energy crisis, according to the International Monetary Fund (IMF). The influential financial…...

The Standard
standard. co. uk > business > business-news > rachel-reeves-iran-israeli-andrew-bailey-gdp-b1278671. html

UK economic growth forecasts slashed as IMF says Iran war risks global recession

1+ day, 19+ hour ago  (788+ words) UK economic growth forecasts for the next two years have been slashed and inflation will be higher than previously expected as the Iran war threatens to throw the global economy "off course, the International Monetary Fund (IMF) has warned. Starmer…...

The Standard
standard. co. uk > business > business-news > iran-israel-middle-east-brent-shell-b1278618. html

BP sees "exceptional" oil trading result as Iran war sends crude costs soaring

1+ day, 22+ hour ago  (743+ words) Oil giant BP has said it is now set for an "exceptional" oil trading result in the first three months of the year after the Iran war sent the cost of crude soaring. The FTSE 100 firm upgraded its first quarter…...

The Standard
standard. co. uk > news > uk > pubs-alcohol-prices-budget-b1260291. html

Pubs warn alcohol prices will rise even more as industry hit by 'brutal' Budget

4+ mon, 2+ week ago  (632+ words) Pubgoers will be hit with higher alcohol prices and many pubs are at risk of shutting down following the Chancellor's Budget, industry leaders have warned. Pubs are under threat following increases to their tax, wage and supply costs, and many…...