Muskism: The New Economic Model Reshaping Our World
A review of 'Muskism' explores how Elon Musk's empire signals a shift from Fordism to a tech-driven, exclusionary capitalism, questioning its societal impact.
Category : Economy
OECD: UK Economy Hit Hardest by Middle East Conflict
The OECD predicts UK economic growth will slow to just 0.7% this year due to Middle East conflict impacts, with rising energy prices and weakening job markets creating significant challenges.
OECD: US-Israel War on Iran Risks Global Economic Resilience
The OECD predicts the US-Israel conflict with Iran will test global economic resilience, slashing growth forecasts and warning of higher inflation and interest rates worldwide.
Iran War's Impact on US Prices: Fuel, Food, Flights
The US-Israel war on Iran disrupts global oil supplies, driving up US gas, diesel, and fertilizer costs, with ripple effects on groceries, flights, and mortgages.
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Motability Scheme Tax Changes Increase Costs from July 2026
The Motability Foundation announces VAT and Insurance Premium Tax will apply to new vehicle leases from July 1, 2026, increasing costs for disabled users across Great Britain.
Trump's Iran War Hits UK: Energy Bills and Interest Rates Soar
Chancellor Rachel Reeves warns of significant economic challenges as Middle East conflict disrupts global markets, driving up UK energy costs and threatening inflation.
DWP Minister Details Major Pension Tax Shift as Inheritance Rules Change
A senior DWP minister has outlined the government's rationale for including pensions in inheritance tax from 2027, warning against using retirement funds for tax avoidance.
OECD Cuts UK Growth Outlook Most in G20 for 2026
The OECD has downgraded the UK's 2026 growth forecast by 0.5 percentage points to 0.7%, the largest reduction among G20 economies, citing Middle East conflict-driven energy price spikes and weak economic momentum.
UK Faces Biggest Growth Downgrade in G20 for 2026
The OECD has downgraded the UK's 2026 growth forecast more than any other G20 economy, citing Middle East conflict-driven energy price spikes and weak economic momentum.
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Mortgage Costs Soar in Iran War Fallout, Peace Key to Relief
UK mortgage rates have spiked due to Iran war turmoil, with 4% deals vanishing and monthly payments rising by over £96. Swap rate volatility, not the Bank of England, drives increases, as inflation fears delay rate cuts. A swift peace could lower costs, b
UK Poverty Hits 13.4M, Child Numbers Drop Slightly
Official data reveals UK poverty increased by nearly half a million to 13.4 million people in 2024/25, with child poverty slightly declining to 4.03 million. New Labour policies aim to address the crisis.
HMRC's 2026 'Stealth' Tax Changes: Expert Warns
From April 2026, a series of subtle HMRC changes, including dividend tax hikes and frozen thresholds, will increase bills and pull more Brits into higher tax brackets, warns an investment strategist.
UK Poverty Hits 13.4 Million, Child Numbers Fall Slightly
Official data reveals a rise in UK poverty to 13.4 million people, with child poverty at 4.03 million. The Labour Government's removal of the two-child benefit limit aims to lift 450,000 children out of poverty by 2030.
UK Faces Inflation and Growth Woes from Iran War, OECD Warns
The OECD projects the UK will have the second-highest inflation and second-lowest growth in the G7 for 2026, citing risks from the Middle East conflict on energy and food supplies.
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OECD: Iran War to Weaken UK Growth and Boost Inflation
The OECD forecasts significantly weaker UK economic growth and higher inflation in 2026 due to the Iran conflict, warning of global energy shortages and soaring food prices.
OECD: UK Inflation to Soar, Growth to Slow Due to Iran War
The OECD warns the UK faces surging inflation and weak economic growth in 2026 due to energy shortages from the Iran war, urging energy efficiency measures.
Jenrick Calls for Emergency Fuel VAT Cut Amid Oil Crisis
Reform's Robert Jenrick proposes halving VAT on road fuel for three months to slash petrol and diesel prices, as Middle East turmoil drives up global oil costs and squeezes British drivers.
94% of UK Businesses Unprepared for HMRC's Tax Digital Overhaul
A new survey reveals 94% of UK businesses are not ready for HMRC's Making Tax Digital system launching April 2026, requiring quarterly digital tax submissions.
Surviving Economic Doom: Expert Advice on Crises and Fears
In times of global crisis, from war to market volatility, experts and individuals alike advocate for a steady approach. This article explores the balance between fear and action amid rising interest rates and economic uncertainty.
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Petrol Price Surge Threatens Inflation, RBA Rate Hikes Loom
Australia's inflation figures for February show a slight dip, but a looming petrol price spike of 30% due to the Iran conflict could drive March numbers higher, with the RBA signaling aggressive rate hikes.
USPS Adds 8% Fuel Surcharge on Packages Until 2027
The US Postal Service will impose an 8% fuel surcharge on packages from April 26, 2027, due to oil price spikes from the Iran war, sparking Democratic criticism.
RBA May Hike Rates Again as Inflation Could Reach 5%
A senior Reserve Bank official signals further interest rate hikes may be needed to combat inflation, which economists warn could surge to 5% by midyear due to fuel price spikes from global conflicts.
UK Consumer Confidence Collapses in Iran War Fallout
A BRC survey reveals UK consumer confidence has plummeted due to the Iran war, with energy price spikes fueling inflation worries and dampening economic outlooks.
High Earners Lose £2,900 in £100k Tax Trap, Study Shows
Two-thirds of high earners crossing the £100,000 income threshold lose money due to tax traps, with an average annual loss of £2,900. Experts warn of four common pitfalls.
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Wall Street Warns Oil Prices Could Trigger US Recession
Moody's recession indicator now shows over 50% probability of economic slump as oil prices surge, contradicting Trump administration's optimistic outlook.
Crisis Support Every 30 Seconds as Household Bills Rise
Citizens Advice warns household budgets have 'gone beyond breaking point' as it provides crisis support every half minute ahead of April bill increases.
Iran War May Push Up Neutral Rate, Requiring More RBA Hikes
Reserve Bank official Christopher Kent says Middle East conflict could raise the neutral interest rate, necessitating further rate rises to control inflation despite economic risks.
Iran War's Economic Impact: Fuel, Freight, and Supply Chain Disruption
The escalating conflict between the US, Israel, and Iran is triggering widespread economic disruptions, driving up costs for fuel, freight, fertilizer, and consumer goods globally through strained supply chains.
April Bill Rises Add Over £200 to Household Costs
UK households brace for over £200 in extra costs as council tax, water bills, and other essentials rise in April, amid Middle East tensions threatening future energy hikes.
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Mileage Rate Review May Increase Claims for UK Drivers
The UK government launches a 'workers-first' review of the 45p-per-mile allowance, unchanged since 2011, to address rising motoring costs for millions of drivers.
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