US Gas Prices Unlikely to Normalize in 2026 Even if Iran War Ends
Experts warn that US gas prices won't return to prewar levels soon even if the Iran conflict ends, citing damaged infrastructure and supply chain issues.
Category : Inflation
Triple Lock Rise Could Push Pensioners Into Tax
Experts warn that the State Pension increase under the Triple Lock is narrowing the gap to the tax-free threshold, potentially pulling more retirees into income tax liability.
Bad Credit Score: Experts Share Tips to Improve It
Financial experts explain what a bad credit score means, what transactions affect it, and how to improve your rating for better loan, mortgage, and even mobile phone deals.
UK Borrowing Hits £24.3bn in April, Exceeding Forecasts
UK borrowing reached £24.3bn in April, exceeding forecasts by £3.4bn, driven by high inflation and rising debt interest payments amid bond market jitters.
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Unclaimed $40M Powerball Boosts Next Jackpot to $60M
No winner for Thursday's $40 million Powerball jackpot, causing a rollover to $60 million next week. Two Division Two winners each took $369,858.
Reeves Cuts VAT on Summer Attractions to 5% for Families
Chancellor Rachel Reeves announces temporary VAT cut from 20% to 5% on summer attractions, free bus travel for children, and tariff suspensions to help families amid cost of living pressures.
Iran War Energy Shock Hits EU Growth, Boosts Inflation
The European Commission cuts EU growth outlook and raises inflation forecast due to energy price spikes from the Iran war, but avoids recession prediction.
UK inflation slowdown to 2.8% may be temporary, warns think tank
NIESR warns UK inflation may rise to 4% by end of 2026, with Middle East conflict and energy costs driving prices higher, possibly prompting a rate rise.
UK Inflation Falls to 2.8%, Iran War Sparks Summer Surge Warnings
UK inflation dropped to 2.8% in April, the first fall this year, due to lower energy costs. However, experts warn of a summer surge to 4-5% driven by the Iran war's impact on fuel and food prices.
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Kenya Protesters Clash with Police Over Costs
Thousands of Kenyans took to the streets to protest against rising living costs, leading to clashes with police in Nairobi and other cities.
UK Inflation to Fall as Energy Bills Offset Fuel Surge
UK inflation expected to drop to 3% in April due to lower household energy bills, but experts warn of future rises from Iran conflict driving fuel prices up.
Gas Price Volatility Threatens Memorial Day Weekend Plans
Gasoline prices in the US are volatile ahead of Memorial Day weekend, with the national average at $4.47 per gallon, driven by US-Iran tensions over the Strait of Hormuz.
UK Families Face £209 Energy Bill Rise from July
Household energy price cap set to rise by £209 a year from July, with analysts warning of no relief for winter as Middle East conflict drives wholesale costs.
EuroMillions Jackpot Hits £72 Million After Rollover (15.05.2026)
Friday's EuroMillions draw offers a £72 million jackpot after a rollover. Winners need five main numbers and two lucky stars. UK players also get a Millionaire Maker code.
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Branded Goods Price Gap Hits 17% Across UK Supermarkets
Which? research reveals up to 17% price difference for branded goods across Asda, Sainsbury's, Tesco, and others, with loyalty pricing reshaping bills.
5 Costly Investing Mistakes New Investors Must Avoid
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UK Inflation to Ease in April Before Oil-Driven Surge
UK inflation is expected to slow to 3% in April, but rising oil prices due to the Iran war may push it higher later in 2026, impacting consumers and businesses.
Australia's Minimum Wage to Rise Above Inflation in July
The Australian government confirms support for a minimum wage increase above inflation, with the ACTU pushing for 6%. If approved, wages rise from $24.95 to $26.45 per hour.
UK Inflation Falls to 3.9% in November
UK inflation dropped to 3.9% in November, the lowest since September 2021, driven by lower fuel prices and easing food costs.
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Budget Tax Reforms: Shares and Home Ownership Impact
Labor's budget tax changes affect capital gains on shares and other assets, aiming to make home ownership more attainable while slightly reducing share investment appeal.
Savers Lose Hundreds Yearly from Inflation Error
UK savers are losing hundreds of pounds each year by holding cash in low-interest accounts while inflation erodes their purchasing power, experts warn.
Inflation Error Costing Brits Hundreds in Savings
Millions of UK savers lose money as inflation outpaces low interest rates. Switching accounts could save hundreds annually.
US Wholesale Inflation Hits 6%, Highest Since Biden Era
Wholesale inflation in the US surged 6% year-over-year in April 2026, the highest since December 2022 under Biden, fueling economic concerns.
US Wholesale Inflation Surges 6% on Energy Costs
U.S. producer prices rose 6% in April, the largest annual increase since 2022, driven by the Iran war pushing up energy costs and pressuring companies to raise consumer prices.
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Savers Warned About 'Leaking Bucket' Accounts
Savers may have lost up to 19p per £1 saved since 2020 due to inflation outpacing savings rates, warns Moneyfacts. Tips to protect your cash.
UK Sandwich Has More Salt Than Five Cheeseburgers
A study by Action on Salt & Sugar reveals one in 10 shop-bought sandwiches exceed salt and calorie targets, with Gail's Smoked Chicken Caesar Club containing 6.88g salt, more than five McDonald's cheeseburgers.
Three in Four Americans Blame Trump for Rising Prices
A new CNN/SSRS poll reveals 77% of Americans blame President Trump's policies for rising costs, with 70% disapproving of the economy ahead of midterms.
US Consumer Prices Rise 3.8% on Iran War Energy Spike
US consumer prices climbed 3.8% year-over-year in April, driven by a 5.4% monthly jump in gasoline costs amid the 10-week war with Iran, though core inflation remained moderate at 2.8%.
Trump Proposes Suspending Federal Gas Tax Amid Soaring Prices
President Donald Trump announced a plan to suspend the 18-cent federal gas tax to combat rising fuel prices caused by the Iran war, requiring Congressional approval.
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Australia Housing Market Faces Worst Correction in 40 Years
Former treasury economist Leith Van Onselen warns Australia's housing market is heading for its biggest correction in 40 years due to rising rates, supply surge, and weak jobs outlook.
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