Reeves to Announce Anti-Profiteering Plan as Fuel Prices Soar
Chancellor Rachel Reeves will outline new powers for regulators to tackle price gouging as petrol and diesel costs hit multi-year highs, following an emergency Cobra meeting.
Category : Economy
Scottish Directors Warn High Taxes Threaten Economic Growth
A new survey reveals 72% of Scottish company directors believe income tax rates are too high, with 75% concerned about divergence from the rest of the UK, threatening investment and competitiveness.
Fuel Price Surge Forces Households to Cut Back on Spending
As global fuel prices remain elevated due to geopolitical tensions, households worldwide are sacrificing small comforts to cope with rising costs and stagnant wages.
Enterprise Foods Collapses, 71 Staff Made Redundant
East Kilbride-based Enterprise Foods Limited, trading as Localist, has entered liquidation after 35 years in business. The collapse resulted in 71 redundancies and followed failed attempts to refinance over £5 million in debt.
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Strait of Hormuz Closure Threatens UK Finances and Energy Costs
The prolonged closure of the Strait of Hormuz is set to impact UK households through rising fuel prices, higher energy bills, and increased inflation, with Prime Minister Starmer urging its reopening.
HMRC £473 Tax Refund Alert for One Million - Deadline Looms
Over a million UK workers could claim an average £473 tax refund, but face a strict April 2026 deadline. HMRC urges checking via its official app to avoid losing the cash.
Strait of Hormuz Closure: 10 Financial Impacts
The closure of the Strait of Hormuz shipping route threatens oil supplies, raising fuel costs, energy bills, and inflation, with ripple effects on mortgages and investments.
HMRC Explains Child Benefit Rules for Teens in Education
Parents could receive over £100 monthly until their child turns 20 if they stay in full-time education or approved training, but must inform HMRC to avoid automatic stoppage.
Climate Inaction Costs Gen Alpha $185k, 10x Boomer Impact
A Deloitte report reveals that without urgent climate action, Generation Alpha in Australia faces a $185,000 lifetime cost, nearly 10 times the impact on boomers, highlighting severe intergenerational inequity.
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UK Bank Holidays 2026: Scotland's World Cup Day Added
The UK's 2026 bank holiday schedule includes shared dates and regional variations, with Scotland gaining a special World Cup holiday on June 15 for the men's football team's first appearance in 28 years.
Trump Iran Threat Triggers Market Slump, Pension Losses
Global stock markets plunge as Trump's deadline to 'obliterate' Iran's power plants fuels Middle East tensions, wiping billions and hitting pension pots.
South Yorkshire's Economic Revival: Screen and Defence Growth
Sheffield and South Yorkshire are experiencing a transformative economic revival, driven by Netflix hits, podcast production, and new defence industries, fostering optimism after decades of industrial decline.
Oil Prices Jump After Iran Dismisses Trump's Hormuz Threat
Oil prices climbed sharply as Iran dismissed Donald Trump's 48-hour ultimatum to reopen the Strait of Hormuz, with WTI and Brent crude seeing initial spikes before moderating slightly in early trading.
Hormuz Strait Closure Risks Australian Inflation and Interest Rates
Iran's potential closure of the Strait of Hormuz could trigger a domino effect on Australia's economy, driving up inflation, interest rates, and consumer costs across multiple sectors.
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Fuel Price Hacks: Save Hundreds Annually on Petrol
As petrol prices surge globally, financial experts reveal simple fuel-saving strategies. From timing fill-ups to using apps, these tips could cut costs significantly.
Christmas Debt Lingers Until April for Many UK Households
A new survey shows many households will only clear their Christmas debt in April, with overspending averaging £228.68 and taking four months to repay, highlighting a prolonged financial burden.
Treasury Forecasts £1.8bn Business Rates Rebate
Government modelling reveals around £1.8 billion in business rates payments are expected to be returned to companies following valuation changes and appeals processes.
TUC Warns UK Economic Crisis Looms from Trump's Iran War
TUC General Secretary Paul Nowak warns Britain is facing an economic crisis triggered by Trump's Iran conflict, urging immediate action to protect jobs and living standards.
Martin Lewis: State Pensioners Must 'Do the Maths' on Six-Year Rule
Martin Lewis advises state pensioners to carefully calculate if voluntary National Insurance contributions are worthwhile, as a key deadline has passed, limiting backdating to six years.
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RBA Holds Interest Rates Steady Amid Economic Uncertainty
The Reserve Bank of Australia has decided to maintain current interest rates, citing ongoing economic challenges and inflationary pressures. This move reflects a cautious approach to monetary policy as the nation navigates global financial headwinds.
Fuel Crisis Drives Calls for Windfall Tax on Gas Firms
As Australia faces a severe fuel shortage exacerbated by the Iran conflict, pressure mounts on the government to implement a windfall tax on fossil fuel companies to address inflation and fund renewable energy initiatives.
Trump's Iran War Comments Create Economic 'Fog of War'
Economists warn Donald Trump's comments about the Iran conflict have created a 'fog of war' that could trigger global stagflation, with oil prices soaring above $100 and supply chain disruptions mounting.
Trumpflation: Iran War Economic Storm's Impact on Britons
The escalating conflict in Iran, dubbed 'Trumpflation,' threatens to disrupt global markets, driving up inflation and energy costs for UK households and businesses.
Labor Faces Pressure for Bold Oil Shock Response with Unconventional Levers
As Australia's Labor government confronts an escalating oil shock, it is under mounting pressure to adopt bold and unconventional policy measures to stabilise the economy and protect consumers.
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Gas Price Surge Threatens Trump Tax Refund Gains
Rising gas prices in America are poised to erase gains from Trump's tax refunds, hitting lower-income households hardest and slowing economic growth forecasts for 2026.
HMRC Urges Direct Tax Relief Claims for Work Travel
HM Revenue and Customs reminds employees who travel for work to check eligibility for tax relief on expenses like travel, uniforms, and tools, advising direct claims to avoid fees.
UK Must Prepare for Food and Fuel Shortages, Minister Warns
Housing Secretary Steve Reed warns of potential shortages due to Middle East conflict but rules out rationing for now. Energy prices may surge as ministers plan emergency meeting.
Gas Prices Eat Up Trump's Promised Tax Refund Windfall
President Trump's pledge of record tax refunds is being eroded by soaring fuel costs following the Iran conflict, leaving American households with minimal extra spending power.
Government Policy Fuels Youth Unemployment Crisis in the UK
Youth unemployment in the UK has surged to 15.9%, with policies like higher minimum wages and taxes making young workers too expensive for employers, as revealed by a recent analysis.
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Middle East Crisis Threatens UK Finances with £20bn Shortfall
Economists warn that escalating conflict in the Middle East could create a £20billion public finance gap, forcing Chancellor Rachel Reeves to consider further tax rises and spending cuts.
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