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Rising inflation underlines scale of Andy Burnham’s cost of living challenge
UK inflation rose to 2.9% in July, up from 2.6% in June, driven mainly by higher energy bills following an increase in Ofgem’s quarterly price cap. The rise highlights the scale of the cost of living challenge facing prime minister Andy Burnham, whose early move to cut VAT on electricity bills risks being overwhelmed by…
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UK inflation climbs to 2.9% as geopolitical tensions drive energy costs higher
Britain’s inflation rate accelerated to 2.9% in July following a 2.6% reading in June, marking a reversal of recent deflationary trends. The uptick was primarily attributable to rising household energy bills, triggered b
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UK inflation increases in July, driven by a surge in gas bills; oil prices rise again – business live
UK inflation rose to 2.9% in the year to July, up from 2.6% in June, driven largely by a jump in household gas prices after the energy regulator raised the price cap. The rise matches City economists’ forecasts but marks a reversal from previous months, and comes as the inflationary effects of rising global energy…
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UK inflation rises to 2.9% as Iran war fuels living costs squeeze
UK inflation rose to 2.9% in July, up from 2.6% in June, as the fallout from the Iran war pushed up energy costs and squeezed household finances again. The increase, in line with City forecasts, poses an early test for Andy Burnham’s government, which has pledged to give consumers “breathing space” from rising living costs,…
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Sheffield Green councillor say Reform’s proposed benefits changes are ‘cruel cut’ that will damage economy
Reform UK announced their plans over the weekend, saying that if elected to government they would cut welfare services by £50 billion
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The jobs drought: Vacancies are at 12-year low as firms stop hiring amid fears over Labour’s ‘attacks on business’
Job vacancies across the UK have fallen to their lowest level in 12 years, according to new figures, as employers pull back on hiring amid growing unease about the government’s economic policies. Business groups and commentators cited in the report point to what they describe as Labour’s “attacks on business” — including rising employment costs…
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Treasury yields tick up
Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Treasury yields tick up The yield on the U.S. 30-year Treasury bond surpassed 5.3 percent on Tuesday before a slight downtick, foreshadowing an increase in borrowing costs across the country. © Julia Demaree Nikhinson, The Associated…
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SNP accused of having ‘destroyed’ jobs after it’s revealed Ferguson shipyard to axe quarter of its staff
Ferguson Marine, the state-owned shipyard on the Clyde, is to cut around a quarter of its workforce, prompting accusations that the SNP government has mismanaged the business and undermined the jobs it nationalised the company to protect. Critics argue the redundancies are a direct consequence of the ferry-building fiasco at the yard, which has been…
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Global Bond Markets Put Governments On Notice Over Fiscal, Inflation Risks
Long-term borrowing costs from the U.S. to Germany and Japan hit their highest levels in decades on Tuesday.
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‘Bluey’ Leads as Australia’s Screen and Games Sector Hits $7.9 Billion, Study Finds
A new Screen Australia study, Screen Currency 2026, has found that Australia’s screen and games sector contributed AUD11.1 billion ($7.9 billion) in gross value added to the economy in the 2023/24 financial year and directly employed 68,844 people in 2024/25. The report highlights the children’s animated series “Bluey” as the nation’s most effective cultural export,…