Brent crude, a benchmark for prices, breached $95 a barrel on Tuesday amid predictions of shorter supplies, with fears the price may breach $100 per barrel. The rise prompted a warning to drivers that fuel prices could rise in the coming 10 months, and stoked fears that inflation in key economies could be prolonged.
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Warning cost of living fund closure ‘catastrophic’
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Councillor Shaun Davies, chair of the Local Government Association, says closing the fund risks more households falling into financial...
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US economy adds more jobs than expected in July
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“This is a strong report,” said Aberdeen Standard Investments deputy chief economist James McCann, adding that it would “cement”...
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Fitch downgrades US credit rating from AAA to AA+
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“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including...
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People cut back on food, fuel and clothes as prices rise, BBC survey suggests
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Prices, as measured by inflation, are rising at a rate of 9% a year, the fastest for 40 years....
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Fears of higher oil prices after Red Sea attacks
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But Simon Williams, the RAC motoring group’s fuel spokesman, said while tankers avoiding the Red Sea had the “potential...
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Liberty Steel boss Sanjeev Gupta warns over loss-making plants
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First, steelmaking provides highly skilled manufacturing roles, sometimes in areas where they are otherwise in short supply, commanding a...
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Buyers revive interest in city flats after return to office
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“In the initial stages of the pandemic, houses stole the show, as people looked for as much room as...
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John Lewis allowed to build homes for first time
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John Lewis has the green light to build homes in a ground-breaking first for the department store chain. Bromley...
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