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The UK economy surprised everyone with a 0.5% growth in February, marking the biggest rise in over two years just before global energy market disruptions began.
The UK is set to face the biggest economic downturn among major economies due to the Iran conflict, with the IMF slashing growth forecasts amid rising energy prices and global recession fears.
UK house prices drop 0.5% in March as the Iran war impacts demand and drives up mortgage rates, reversing previous gains and raising inflation concerns. The average property price now stands at £299,677.
Private equity is tightening its grip on essential UK services, prioritizing profit over community welfare. The implications for quality and accessibility in sectors like childcare and care homes are raising serious concerns.
Homeowners in the UK are bracing for increased mortgage costs as the Bank of England warns of economic fallout from the Iran conflict. Over 5 million households may feel the impact by 2028.
Asda’s chairman refutes claims of fuel price exploitation amid rising costs, attributing the surge to geopolitical tensions and insisting the retailer is not to blame for higher prices.
The UK economy is projected to face the steepest growth decline among G20 nations, with inflation rising sharply amid global turmoil. What does this mean for the future?
Chancellor Rachel Reeves is determined to keep UK tech talent at home, promising £2.5 billion for quantum computing and AI to combat the trend of firms relocating abroad for better opportunities.
Petrol retailers defend themselves against government claims of price gouging, insisting rising pump prices reflect wholesale oil costs, not profit-taking amid the ongoing geopolitical crisis.
The UK mortgage market faces unprecedented turmoil as rates surge above 5%, the highest since August. With more products disappearing, borrowers are in a tight spot just as hopes for rate cuts fade.
