Business News

British households have been told to brace for a surge in inflation and multiple interest rate hikes this year after surging oil and gas prices sparked by Donald Trump's war on Iran.

Sharp rises in the price of oil and gas as a result of the war in Iran have set off an economic chain reaction which is already hitting people in the pocket.

There is a small fraction of the population for whom the release of the government's new Steel Strategy represents an extraordinarily fascinating, not to mention important, moment. The chances are you are not one of those people.

UK unemployment has remained at its highest rate in five years, new official figures show.

The US central bank has raised its forecast for inflation as the Iran war-linked surge in global energy prices threatens self-inflicted damage on the world's largest economy.

Naval escorts will not guarantee safe passage for oil tankers through the Strait of Hormuz and could even present a target for Iran as it attempts to leverage control of the vital shipping lane, the head of the International Maritime Organisation (IMO) has warned.

It is easy to forget that not all that long ago, Britain was one of the world's biggest oil producers.

Changes to the student loans system quietly announced in the last budget have provoked a loud and angry response that has woken up Westminster to what anyone who did a degree in the 2010s, and their parents, already knew.

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