UK Services Slow as Iran Conflict Fuels Stagflation Concerns
Britain's services sector experienced a significant slowdown in March, with geopolitical tensions and rising costs heightening stagflation risks, according to the latest PMI survey.
Britain's services sector experienced a significant slowdown in March, with geopolitical tensions and rising costs heightening stagflation risks, according to the latest PMI survey.
Royal Mail has increased first class stamp prices to £1.80 and second class to 91p, despite ongoing delivery failures and service performance concerns.
S&P Global reports UK services activity at an 11-month low, with soaring costs from the Iran war and Labour's tax hikes raising stagflation and recession risks, as OECD warns of severe economic impact.
Jamie Dimon warns that Donald Trump's war on Iran could trigger significant interest rate shocks, leading to higher inflation and economic disruptions globally.
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RecommendedThe UK services sector slowed sharply in March as Middle East conflict dampened spending and pushed up costs, raising stagflation concerns according to S&P Global PMI data.
Private equity firms now dominate nurseries, care homes, and utilities, squeezing profits from essential services while loading debt onto society, revealing capitalism's troubling endgame.
Millions of UK pensioners will see their State Pension increase this month, with the full New State Pension reaching £241.30 weekly. The Triple Lock mechanism ensures annual uplifts, but tax implications loom for some retirees.
The new 2026/27 tax year begins this week with significant HMRC updates affecting millions. Key changes include frozen income tax thresholds until 2031, unchanged National Insurance rates, inheritance tax reforms, and the end of home-working tax relief cl
Australian economist Steve Keen warns that shipping disruptions in the Strait of Hormuz could cut fertiliser supplies, potentially causing a global food crisis affecting billions.
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RecommendedA short trip from Eyemouth to Berwick-upon-Tweed highlights Scotland's economic challenge as high costs drive businesses to consider relocation, with weak demand and rising prices squeezing firms.
A top Federal Reserve official signals possible interest rate increases if inflation persists above target, highlighting concerns over rising gas prices and economic uncertainty.
HM Revenue and Customs is urging working parents to verify if they qualify for up to £2,000 per child annually through the Tax-Free Childcare scheme, with enhanced support available for disabled children.
JPMorgan CEO Jamie Dimon warns that the Iran conflict could drive up oil prices, reignite inflation, and force higher interest rates, while also highlighting a corporate exodus from high-tax states.
The state pension rises by 4.8% from today under the triple lock, giving a £575 annual increase to millions, but tax thresholds loom for pensioners.
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RecommendedAn analysis of how Trump's policies are shaping economic affordability and price trends, with insights into market reactions and consumer impacts.
From today, sole traders and landlords earning over £50,000 must adopt HMRC's Making Tax Digital system, requiring quarterly digital submissions via approved software to avoid penalties.
Heating oil prices have more than doubled for UK small businesses due to the Iran conflict, forcing rationing and calls for regulatory intervention from the Federation of Small Businesses.
New inheritance tax rules for UK farms and family businesses come into force today, introducing a £2.5 million cap on reliefs. Experts warn it could impact land-rich agricultural estates despite affecting a small portion of taxpayers.
A new UK inheritance tax regime for farms and family businesses takes effect on 6 April, offering 100% relief on the first £2.5m but 50% on amounts above, causing concerns over succession planning and asset sales.
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RecommendedMillions face up to £700 extra tax due to frozen thresholds, with higher earners hit by £3,500. The freeze, extended to 2031, pulls 6 million more into tax net.
HMRC has outlined the phased implementation of Making Tax Digital, requiring sole traders and landlords with income over specific thresholds to submit quarterly returns starting from 2026.
New research reveals over 30% of Americans now qualify as upper middle class, yet many in this bracket still struggle with housing, education costs, and inflation pressures.
A confidential email from manufacturer Iplex warns of massive price increases on essential plastics, threatening Australian builders already facing record insolvencies.
Learn how the HMRC Marriage Allowance lets you transfer part of your personal tax allowance to your spouse, potentially saving up to £252 annually.
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RecommendedAround two million married couples are missing out on Marriage Allowance tax relief worth up to £252 annually, with backdated claims potentially reaching £1,260 over four years.
Prime Minister Anthony Albanese's temporary fuel excise reduction has sparked mixed reactions, with many Australians questioning if it will truly ease household budget pressures.
Significant changes to state pensions take effect from April, with payments rising by 4.8% and the retirement age gradually increasing from 66 to 67, impacting millions of pensioners and future retirees.
Treasurer Jim Chalmers suggests wealthier, older Australians may face increased taxes in the upcoming budget to benefit younger generations and low-income earners.
Crystal Skye, 24, voices frustration over soaring rents and fuel prices, questioning why Australians aren't demanding more government action amid the crisis.
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RecommendedKey changes to state pensions in April include a triple lock increase and a phased rise in pension age from 66 to 67, making advance planning essential for retirement income.