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      Shop prices creep up as retailers brace for Iran war supply chain disruption

      The items included in the consumer price inflation (CPI) basket of goods and services tend to reflect Britons’ typical shopping list and favourite feel-good purchases.

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Keir Starmer

  • Starmer urges Brits to ‘act as normal’ as fuel shortage fears grow

    Politics

    Sir Keir Starmer has urged Britons to “act as normal” despite energy chiefs’ warning that there could be fuel shortages within days.  The Prime Minister’s spokesman said that the UK had a “resilient and diverse” supply of energy sources as he played down the prospect of a fuel crisis.  “We will always plan for all [...]

    Keir Starmer speaking passionately at a Labour Party rally with supporters and banners in the background
  • Exclusive: Mordaunt suggests only death of Brits would get UK to ‘wake up’ on defence

    Politics

    Former defence secretary Penny Mordaunt has suggested that only the death of serving British soldiers would get the Prime Minister to “wake up” and fund extra defence spending.  In an interview with City AM, the senior Tory figure said the current government’s spending plans for defence were “out of kilter” with reality given immediate threats [...]

    Penny Mordaunt delivering a speech at a podium, dressed in business attire, addressing a professional audience
  • Why high oil prices could plunge world into recession by the summer

    Economics

    The world economy is heading for a “rare” recession in the middle of this year as a prolonged war seems likely amid the prospect of US troops heading to the Middle East.  Economists have warned that activity will fall in the middle of the year if oil prices surge to $150 per barrel and remain [...]

    President Donald Trump addressing media during critical phase of Iran conflict, emphasizing strategic military decisions
  • Reeves and Miliband to call on G7 to follow UK’s energy lead

    March 29, 2026

    Rachel Reeves is set to call on fellow G7 nations to follow the UK’s lead in the transition to renewable and nuclear power as the unfolding energy crisis ripples through global economies. The Chancellor is expected to urge G7 partners to commit to long-term energy security as she meets fellow finance ministers, energy ministers and [...]

  • Top energy and City bosses called for summit with Starmer as oil surges

    March 29, 2026

    A number of senior leaders from the likes of HSBC, Goldman Sachs and Shell will meet with Prime Minister Sir Keir Starmer on Monday as the government scrambles to help ease the unfolding energy crisis from the war in Iran. Top officials from the energy, finance and logistics sectors will attend the roundtable on Monday, [...]

  • ‘No need to take action’ on fuel duty, says Labour minister

    March 29, 2026

    A Labour cabinet minister has pushed back against rallying calls for the government to hand petrol retailers some reprieve, stating there is “no need” to axe the planned hike in fuel duty. Education secretary Bridget Bridget Phillipson said on Sunday the government would “take a view closer to the time” on whether to press ahead [...]

  • Nato: Starmer’s defence spending pledge lagging behind

    March 26, 2026

    Sir Keir Starmer’s pledge to upgrade the armed forces is facing renewed scrutiny after official Nato figures suggested that spending in defence was lagging ahead of a crucial expenditure target in 2027.  Starmer said last year that the government would increase spending on defence to 2.6 per cent of GDP from 2027.  But Nato, the [...]

  • US ambassador: UK’s closer ties with EU are a problem

    March 26, 2026

    Britain pursuing closer ties with the European Union will “not be viewed favourably” in the White House if it in any way affects the trading relationship between the UK and US, Washington’s ambassador to the UK has warned. Warren Stephens said that the government’s recent decision to adopt over 70 European rules onto the UK [...]

  • UK economy set for second lowest growth in G7 – OECD

    March 26, 2026

    The UK economy is set to suffer the second lowest growth and second highest level of inflation in the G7, the OECD has predicted, in a damning set of forecast revisions for the Labour government and the Bank of England.  Growth in the UK will slow to around 0.7 per cent, according to the OECD, [...]

  • Plaid Cymru would bankrupt an independent Wales on day one

    March 26, 2026

    The local elections will likely see Labour lose the grip it has held on Wales since the inception of the Senedd. If Plaid Cymru does indeed form the next government, the UK might usefully acclimatise them to what life would be like under independence, says Paul Ormerod The swathe of local elections which are due [...]

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