British Airways fares to rise as IAG offsets £1.7bn fuel cost
British Airways fares to rise as IAG seeks to offset £1.7bn fuel cost increase from Iran war, impacting profits.
Category : Economy
Heathrow Runway GDP Boost 90% Less Than Thought
Government analysis shows Heathrow third runway may boost GDP by only 0.05%, 90% less than earlier estimates, with net costs up to £62.5bn.
US Gas Prices Drop Below $4 After Iran Deal
US gas prices fell below $4 a gallon for the first time since March after a preliminary US-Iran deal to end the war and reopen the Strait of Hormuz, but prices remain $1 higher than before the conflict.
90-Year-Old Activist Pedals 104 Miles Down Thames
Robin Hanbury-Tenison, 90, is pedalling 104 miles down the River Thames on a water-bike to raise funds for a temperate rainforest research station in Cornwall.
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UK Borrowing Hits £23.3bn in May Amid Iran War Fallout
UK borrowing reached £23.3bn in May, exceeding forecasts due to Iran war impacts. This fiscal pressure looms over potential Labour leadership contender Andy Burnham.
World Cup Matches Played in Severe Heat, Analysis Reveals
Two World Cup games in Miami and Monterrey were played at severe heat levels, with wet-bulb temperatures exceeding 28°C, according to a Guardian analysis.
US-Iran Peace Deal Could Lower UK Household Costs
A potential US-Iran peace deal could reduce UK household costs, including petrol, food, energy bills, and mortgages, as Gulf supply chains reopen and oil prices fall.
Burnham Warned on Borrowing as Debt Nears £3 Trillion
Andy Burnham's PM ambitions face a harsh reality as UK government borrowing surged to £23.3bn in May, with debt interest payments hitting a record high of £11.7bn, pushing national debt towards £3 trillion.
16 Nostalgic Photos of the Hoppings in Newcastle 2016
Explore 16 brilliant nostalgic photos of the Hoppings in Newcastle from 2016, highlighting changes over a decade at Europe's largest fairground.
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Reeves Promises Growth In Spring Statement Despite Downgrade
Chancellor Reeves delivers spring statement amid Middle East conflict, with growth downgraded and unemployment forecast to rise.
Supermarket Chiefs Slam 'Idiotic' Price Cap Plans
Supermarket chiefs slam government plans to cap prices of essentials as 'preposterous' and 'idiotic', while some economists support the idea.
Pensioners Over £35k Face Winter Fuel Payment Clawback
HMRC writes to millions of pensioners earning over £35k to repay Winter Fuel Payment via tax code changes.
UK Supermarkets Resist Government Calls for Voluntary Price Caps on Essentials
UK government urges supermarkets to freeze prices on essentials; retailers reject plan as costly and unjustified.
Coalition Pledges Tax Bracket Indexation in £22.5bn Budget Reply
Angus Taylor unveils £22.5bn plan to index tax brackets, curb bracket creep, and boost defence spending in Coalition budget reply.
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Bank Staff Told Desks Not Sun Loungers Amid Remote Work Row
Banks and firms call staff back to offices as England ends work-from-home guidance, but flexible arrangements remain.
IEA Chief: Oil Crisis Has Permanently Changed Fossil Fuel Industry
IEA chief Fatih Birol says the global oil crisis has permanently changed the fossil fuel industry, boosting renewables and reducing oil demand, and advises UK against North Sea expansion.
Treasury's Supermarket Price Cap Proposal Deemed Preposterous
UK Treasury's voluntary food price cap proposal faces fierce backlash from retailers and analysts, deemed impractical and unnecessary.
UK Economy to Decide No 10's Next Resident and Tenure
Record government borrowing and high debt interest payments constrain the next PM. Andy Burnham's victory raises economic questions as national debt nears £3 trillion.
Wrexham Miss Premier League, Set for Cardiff Reunion
Wrexham miss Premier League promotion after final-day draw, face Cardiff and Swansea in Championship next season.
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Oswestry chip shop owner blames Trump and Starmer for price rises
Oswestry chip shop owner Harry Haralambous blames Trump and Starmer for price rises as energy costs soar by £30,000.
Reeves Sees Borrowing Drop But Iran War Threatens Finances
Chancellor Rachel Reeves sees borrowing drop but warns Iran war threatens UK finances, as oil prices rise and interest rate cuts are reversed.
UK Supermarkets Face Summer Shortages if Iran Conflict Disrupts CO2 Supply
UK government plans for possible summer food shortages due to Iran war disrupting CO2 supplies, affecting chicken, pork, and fizzy drinks.
Meta Confirms 11,000 Job Cuts Starting Wednesday As Zuckerberg Invests In AI
Meta confirms 11,000 job cuts starting Wednesday as Zuckerberg invests in AI and metaverse, citing overexpansion and competition.
Reeves Torpedoes UK Economy, Threatens Burnham
Rachel Reeves' record May borrowing of £23.3bn threatens Andy Burnham's incoming premiership, as debt interest soars and fiscal constraints tighten.
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PSG Gains Edge in Champions League with Whoop Wearable
PSG partners with WHOOP wearable to boost player performance in Champions League semi-final against Bayern Munich.
Albanese Unveils Fuel Security Powers For Private Imports
Albanese announces new powers to underwrite private fuel imports to tackle Australia's fuel crisis amid Middle East war disruptions.
Reeves Warns Iran War Economic Impact to Persist After Hostilities End
Rachel Reeves warns Iran war economic impact will persist after ceasefire, urges coordinated response to protect UK households from rising costs.
Islay Fishermen Recall Yellow Submarine Catch
Two fishermen recall hauling in a mysterious yellow submarine off Islay in 2005, sparking a months-long mystery and international media attention.
Nationwide Members Fume as Millions Miss Out on £100 Bonus Due to Strict Rules
Nationwide's Fairer Share scheme pays £100 to only 24% of members, sparking outrage among loyal customers who miss out due to strict rules.
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Reeves Rules Out Income Tax Hike In Major Economic Speech
Chancellor Rachel Reeves confirms no income tax hike, denounces leaks, and faces OBR scrutiny over Budget claims.
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