Australian Mortgage Holders Face Years of High Rates, Westpac Warns
Westpac forecasts three more interest rate hikes in 2026, pushing cash rate to 4.85%, with no cuts until 2028. Sydney and Melbourne house prices expected to fall up to 6%.
Category : Economy
UK Shop Price Inflation Rises Amid Middle East Crisis
Shop price inflation increased to 1.2% in March as Middle East conflict costs affect supply chains, with warnings of further rises ahead despite food inflation easing slightly.
Powell: Fed Monitors Energy Prices But Has Limited Options
Federal Reserve Chair Jerome Powell addresses inflation concerns amid energy price spikes from the Iran war, while highlighting challenges for young graduates in a tough job market.
Fuel Price Surge Hits US Gig Workers and Small Businesses
Rising gasoline and diesel costs are creating financial strain for American workers who use personal vehicles for jobs like ride-sharing, delivery, and trades, forcing businesses to adapt.
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IMF: Iran War Drives Higher Prices, Slower Growth Globally
The International Monetary Fund warns that conflict in the Middle East is causing uneven economic impacts worldwide, with all scenarios leading to increased inflation and reduced growth.
Diesel Price Surge Hits UK Amid Iran Crisis
Diesel prices have soared to their highest premium over petrol in two decades, threatening small businesses and driving up costs for consumers across the UK.
Global Energy Crisis Deepens from Middle East War
Countries worldwide implement emergency measures as Strait of Hormuz disruptions cause oil prices to surge above $100 per barrel, forcing governments to ration fuel and cut energy consumption.
Economic Impact of Middle East War: Mitigation Strategies
As the Middle East conflict disrupts global supply chains and spikes energy prices, governments face challenges in mitigating cost-of-living impacts. This analysis explores potential economic consequences and policy responses.
Reeves Urged to Follow Europe on Fuel Prices Amid Crisis
Chancellor Rachel Reeves is under intense pressure to abandon planned fuel duty hikes and protect consumers as diesel prices hit their highest level since December 2022.
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HMRC Alert: 'No Way to Avoid' Making Tax Digital Changes
HMRC warns that time is running out for thousands of sole traders and landlords to prepare for the mandatory Making Tax Digital system, which replaces annual Self Assessment with quarterly reporting.
Oil Price Record and Mortgage Highs Hit UK Households
Brent crude hits $116 a barrel as Trump's Iran comments fuel fears, while UK mortgage rates reach three-year highs, adding billions to government borrowing costs.
Artisanal Spirits Losses Hit £7M from US Disruption
The Artisanal Spirits Company, owner of The Scotch Malt Whisky Society, reported widening losses to £7 million for 2025, citing US government shutdown impacts and strategic changes in its American market operations.
Trucking Coordinator Slams Albanese's Fuel Excise Cut
Alex Randall of Loadshift warns halving fuel excise won't prevent supply chain collapse as drivers face $3.60/litre prices and empty service stations.
Marriage Allowance Deadline: Save £252 on Tax Bill
With the tax year ending on April 5, 2026, married couples are urged to claim the Marriage Allowance to transfer unused personal allowance and save up to £252 annually, potentially over £1,000 if backdated.
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Making Tax Digital: New Quarterly Reporting for Self-Employed
From April 2026, sole traders and landlords earning over £50,000 must adopt Making Tax Digital, requiring quarterly digital submissions and compatible software, replacing annual self-assessment.
HMRC April 2026 Dividend Tax Hike Hits UK Investors Hard
From April 6, 2026, dividend tax rates rise by 2% for basic and higher rate taxpayers, with the tax-free allowance cut to £500, affecting millions of UK investors.
Kosovo's Pestova Hit by Iran War Fuel Price Surge
Pestova, Kosovo's leading snack producer, faces severe operational challenges due to soaring fuel prices triggered by the Iran conflict, with costs rising from €1.10 to €1.70 per litre and threatening exports.
Easter 2026 Benefit Payment Dates: Full List
The Easter bank holiday weekend in 2026 will affect State Pension, Universal Credit, PIP, and other DWP and HMRC payments. Payments due on Good Friday or Easter Monday will be issued early on Thursday, April 2.
Oil Prices Surge as Iran War Drags On
Brent crude hits $117 a barrel amid fading hopes for a swift resolution to the Iran conflict, with Houthi attacks and Strait of Hormuz blockage fueling supply fears.
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Half of UK Households Struggle with Cost of Living Essentials
A new Which? survey reveals 49% of UK households are struggling to afford everyday essentials, with many forced to use savings or sell possessions as consumer confidence hits a low.
Iran Conflict Erodes UK's Fiscal Headroom, Raises Borrowing Costs
The escalating conflict in Iran has sent UK gilt yields soaring to near 5%, jeopardizing Chancellor Rachel Reeves's £23bn fiscal cushion and exposing Britain's economic fragility in global markets.
Iran War Strains US Living Costs as Households Struggle
Following US-Israeli strikes on Iran, gas prices, grocery bills, and mortgage rates have surged, forcing Americans to cut back on essentials and work longer hours to make ends meet.
UK Hospitality Warns of Collapse as Costs Soar
One in five UK hospitality businesses fear failure within a year due to rising costs, including business rates and wage hikes, with pubs and restaurants urging government action.
Australian Government Faces Fuel Crisis Pressure
The Albanese government confronts escalating fuel crisis demands ahead of May budget, with calls for intervention and tough spending choices amid inflation concerns.
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Australia Halves Fuel Excise for Three Months to Cut Petrol Costs
Prime Minister Anthony Albanese announces a 26-cent-per-litre reduction in fuel excise for three months, reversing Labor's earlier stance to address the fuel crisis and provide economic relief.
Fuel Excise Halved for Three Months in Australia
Prime Minister Anthony Albanese announces a 26-cent-per-litre cut in fuel excise, part of a national plan to manage rising petrol prices and encourage public transport use.
Fuel Excise Cut Could Trigger Rate Hikes, Favour Wealthy
Prime Minister Anthony Albanese's three-month fuel excise reduction saves 26c per litre but risks higher interest rates and disproportionately aids affluent households.
Australia Cuts Fuel Excise by Half for Three Months
Prime Minister Anthony Albanese announces a 26-cent-per-litre fuel excise reduction for motorists, part of a national fuel security plan amid economic pressures.
UK Households Face 'Awful April' Bill Surge Over £200
UK households confront an average £214.10 annual increase in essential bills this April, with council tax hikes leading the surge. Experts warn of further financial strain from Middle East conflicts.
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UK Economic Confidence Plummets to Lowest Since 2022
A new survey reveals UK economic confidence has dropped to its lowest level since late 2022, with half of households struggling to afford essentials due to price surges from the Iran war.
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