USPS Adds 8% Fuel Surcharge on Packages Until 2027
The US Postal Service will impose an 8% fuel surcharge on packages from April 26, 2027, due to oil price spikes from the Iran war, sparking Democratic criticism.
Category : Economy
RBA May Hike Rates Again as Inflation Could Reach 5%
A senior Reserve Bank official signals further interest rate hikes may be needed to combat inflation, which economists warn could surge to 5% by midyear due to fuel price spikes from global conflicts.
UK Consumer Confidence Collapses in Iran War Fallout
A BRC survey reveals UK consumer confidence has plummeted due to the Iran war, with energy price spikes fueling inflation worries and dampening economic outlooks.
High Earners Lose £2,900 in £100k Tax Trap, Study Shows
Two-thirds of high earners crossing the £100,000 income threshold lose money due to tax traps, with an average annual loss of £2,900. Experts warn of four common pitfalls.
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Wall Street Warns Oil Prices Could Trigger US Recession
Moody's recession indicator now shows over 50% probability of economic slump as oil prices surge, contradicting Trump administration's optimistic outlook.
Crisis Support Every 30 Seconds as Household Bills Rise
Citizens Advice warns household budgets have 'gone beyond breaking point' as it provides crisis support every half minute ahead of April bill increases.
Iran War May Push Up Neutral Rate, Requiring More RBA Hikes
Reserve Bank official Christopher Kent says Middle East conflict could raise the neutral interest rate, necessitating further rate rises to control inflation despite economic risks.
Iran War's Economic Impact: Fuel, Freight, and Supply Chain Disruption
The escalating conflict between the US, Israel, and Iran is triggering widespread economic disruptions, driving up costs for fuel, freight, fertilizer, and consumer goods globally through strained supply chains.
April Bill Rises Add Over £200 to Household Costs
UK households brace for over £200 in extra costs as council tax, water bills, and other essentials rise in April, amid Middle East tensions threatening future energy hikes.
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Mileage Rate Review May Increase Claims for UK Drivers
The UK government launches a 'workers-first' review of the 45p-per-mile allowance, unchanged since 2011, to address rising motoring costs for millions of drivers.
UK Construction Giant Merit Holdings Collapses into Administration
Merit Holdings, a UK construction firm with 284 employees, has entered administration leaving £17.4m in unpaid bills despite recent multimillion-pound profits.
Ceramics Industry Crisis: Government Urged to Act on Energy Costs
GMB union warns the UK ceramics industry is at risk of collapse due to high energy costs, urging the Labour government to extend support schemes to save jobs and heritage.
TSA Workers Struggle Through Second US Government Shutdown
Transportation Security Administration employees are grappling with financial hardship as a second government shutdown threatens their pay and job security in the US.
Reeves to Update on Fuel Pricing and Economic Steps
Chancellor Rachel Reeves updates MPs on plans to address rising prices from the Iran war, including targeted energy support, anti-profiteering measures, and fuel duty reviews, while ruling out universal subsidies.
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Australia's Economy at Risk from Middle East War, Chalmers Warns
Treasurer Jim Chalmers cautions that Australia will be buffeted by the economic fallout of the Middle East war, as fuel and food price fears mount and polling shows shifting attitudes toward US ties.
Truck Drivers Sell Drugs for Fuel as Australia's Supply Chain Nears Collapse
Australian truck drivers are resorting to selling drugs to afford diesel amid a severe fuel crisis, with warnings of nationwide supply chain collapse within weeks as prices double and stations run dry.
UK Plans to Make It Easier for Foreign Firms to Relocate
The UK government has announced proposals to simplify the complex and costly process for overseas companies to re-domicile to Britain, aiming to attract investment and compete with global finance hubs like Singapore and New York.
BlackRock CEO Warns of Recession if Oil Hits $150 in Iran War
Larry Fink warns that prolonged Iran conflict could push oil to $150, triggering a severe global recession and disproportionately impacting lower-income households.
HMRC Urges Families to Claim Up to £2,000 in Childcare Support
HM Revenue and Customs alerts millions of UK households earning under £100,000 that they could claim up to £2,000 annually per child through Tax-Free Childcare scheme.
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Middle East War Pushes Up Supermarket Prices: Stockpile Advice
The escalating conflict in the Middle East is increasing fuel, fertiliser, and freight costs, which will likely raise prices for bread, pasta, and other staples. Experts explain the impact on your weekly shop and whether stocking up makes sense.
Oil Price Surge Sparks Global Recession Fears
Soaring oil prices, driven by Middle East tensions, raise fears of a global recession. BlackRock CEO Larry Fink warns of profound implications if prices hit $150 a barrel, while UK Chancellor Rachel Reeves cautions of economic challenges for Britons.
Reeves' Targeted Energy Aid Sparks Middle-Income Backlash
Chancellor Rachel Reeves announces targeted energy bill subsidies for benefits claimants, drawing criticism for excluding middle-income households as inflation and fuel prices soar.
Iran War Could Add £150 to UK Grocery Bills, Experts Warn
Food inflation could surge to 8% by summer due to Middle East conflict, adding over £150 to annual shopping bills and prolonging the cost-of-living crisis.
Households Face £7bn 'Awful April' Bill Surge
Millions of UK households are set for a near £7 billion annual increase in essential bills from April, with water, council tax, broadband, and mobile charges all rising. The average family will pay an extra £214 per year, compounding cost-of-living pressu
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Melbourne Businesses Fear Covid Wipeout from Work-From-Home Plan
Melbourne business owners warn that proposed work-from-home measures to ease fuel shortages could trigger a Covid-style economic collapse, with many still struggling six years after lockdowns.
UK Poverty Figures Revised with New Calculation Method
New DWP data using improved methodology may show fewer people in poverty than previously reported, with benefits data now directly linked to survey responses for greater accuracy.
Fuel Crisis Pushes Aussie Families to Breaking Point on Groceries
Soaring fuel prices from the Middle East conflict threaten to increase grocery costs by 16%, with farmers warning of halved winter crops and families facing heartbreaking compromises.
Iran War May Cause 8% Food Inflation Jump by Summer
UK households face potential food inflation exceeding 8% by June 2026 due to Middle East conflict disruptions, with grocery bills rising over £150 annually according to IGD forecasts.
Food Bills to Rise £150 a Year from 'Trumpflation'
The Institute of Grocery Distribution warns food inflation could exceed 8% by June 2026, adding over £150 to yearly grocery bills, driven by Middle East conflict and oil price hikes.
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Iran War May Add £150 to Grocery Bills, Expert Warns
Food inflation could surge to 8% by summer due to Middle East conflict, adding over £150 to household shopping costs amid ongoing cost-of-living pressures.
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