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MPs launch student loans inquiry amid ‘perfect storm’ for young people in UK
8+ hour, 44+ min ago (822+ words) Influential Treasury committee chair Meg Hillier says review follows growing concern over graduate debt UK firms struggling to hire young people amid cost pressures, MPs told Young adults in the UK face a "perfect storm" of economic challenges, the head…...
European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts
8+ hour, 44+ min ago (463+ words) Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say European drivers face paying an extra "220 (190) a year at the pumps because of the surge in…...
The Guardian view on Adam Smith: he deserves rescuing from the free-market myth | Editorial
20+ hour, 18+ min ago (818+ words) On the 250th anniversary of The Wealth of Nations, the Scottish philospher is still invoked by the right. Yet he worried about inequality, monopoly and the power of wealthThis week 250 years ago, Adam Smith published An'Inquiry Into the Nature and Causes…...
Australians hit by soaring petrol prices now face expected blow of interest rate rise
1+ day, 10+ hour ago (553+ words) Economists predict RBA board will hike cash rate to 4.1% next week as inflation climbs and energy costs surge Millions of Australians could be hit with the twin blow of soaring petrol prices and higher mortgage repayments amid rising expectations that…...
Middle East crisis could push UK inflation back up to 3%, warns OBR
1+ day, 21+ hour ago (420+ words) Government economic watchdog believes pressure on energy prices could push rate close to 3% by end of 2026 UK inflation could end the year higher than previously expected at 3% because of the US-Israel war in Iran, the government's economics watchdog has warned....
Get ready for price shocks because of Iran? How are we supposed to do that? | Zoe Williams
2+ day, 7+ hour ago (324+ words) Get ready for price shocks because of Iran? How are we supposed to do that? | Zoe Williams'The Guardian Get ready for price shocks because of Iran? How are we supposed to do that? From energy to food, all of life's…...
Iran war could knock UK homebuyer confidence, says builder Persimmon
2+ day, 3+ hour ago (512+ words) Growing fears that elevated interest rates will continue, as Barclays finds worries that war will push up inflation A leading British housebuilder has warned the Iran conflict could knock homebuyer sentiment, amid growing fears of a jump in inflation and…...
Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’
3+ day, 1+ hour ago (750+ words) A Guardian investigation has put the UK government's AI plans under the microscope. Here are the key details Revealed: UK's multibillion AI drive is built on "phantom investments' The Essex "supercomputer' that's still a scaffolding yard A Guardian investigation has…...
UK interest rate cuts unlikely this year amid Iran war – and a rise could be ahead
3+ day, 2+ hour ago (794+ words) Markets predict Bank of England will hold rates in 2026 as bond yields soar on forecasts of prolonged conflict Iran war drives oil prices above $100 a barrel UK interest rates are not expected to be cut this year and could even…...
Britain’s job market ‘floundering’ as companies remain cautious about hiring
3+ day, 14+ hour ago (519+ words) Data shows labour market is still in a fragile position due to economic uncertainty, with few signs of recovery Britain's jobs market is "floundering" amid weak hiring demand, with only limited signs of recovery, data has revealed. Companies remain cautious…...