Bailey said any action by the BoE should limit the damage to the UK economy The MPC is likely to debate the need to move quickly on tariffs Bailey says the situation is not the same as in 2022, firms have less pricing power Stock market prices doubled this year JP Morgan cuts BoE rate … Read more
Retail sales increased by 0.6% in February Basic sales earn 0.5%; a large tax refund guarantees spending Production increases in March, but the supply chain continues to deteriorate WASHINGTON, April 1 (Reuters) – U.S. retail prices rose by the most in seven months in February as car prices rose and temperatures soared, but rising gasoline … Read more
Your summer travel plans may soon be affected by the war in the Middle East. In addition to widespread flight cancellations in the region, the ongoing conflict is driving up oil prices. High oil prices affect jet fuel prices, and how much airlines charge for travel. Oil prices have risen above $100 a barrel, a … Read more
On paper, the numbers look amazing. The annual inflation rate in Argentina has decreased from 211% in 2023 to 31.5% by the end of 2025. President Javier Milei takes much of the credit for the decline. And he spent time on Wall Street last month, pitching his “chainsaw” approach to public spending as a victory … Read more
Your support helps us tell the story From reproductive rights to climate change to Big Tech, The Independent is breaking new ground as the story unfolds. Whether it’s investigating the finances of Elon Musk’s pro-Trump PAC or producing our latest film, ‘The A Word’, which shines a light on American women fighting for reproductive rights, … Read more
First-time buyers are feeling the brunt of rising mortgage rates while some property insiders fear it could have a knock-on effect on the rest of the market. Since the war in the Middle East began, fixed-rate loans have increased significantly due to fears of inflation being lower than expectations of future interest rates. The average … Read more
Wednesday 01 April 2026 2:24 pm | Updated: Wednesday 01 April 2026 6:32 pm Executives say the government’s tax policies create an unnecessary burden Bosses from some of the UK’s biggest supermarkets met with Chancellor Rachel Reeves on emergency cost of health talks on Wednesday, amid warnings that food prices could rise to double figures … Read more
Consumers continue to feel the effects of inflation on their finances. In February, the Consumer Price Index, which tracks the cost of consumer goods and services, showed a rise of 2.4% over the past 12 months. And according to another world policy organization, the US war with Iran and its effects on the price of … Read more
Your support helps us tell the story From reproductive rights to climate change to Big Tech, The Independent is breaking new ground as the story unfolds. Whether it’s investigating the finances of Elon Musk’s pro-Trump PAC or producing our latest film, ‘The A Word’, which shines a light on American women fighting for reproductive rights, … Read more
The US-Israel war against Iran could end up costing the monthly bills of more than one million UK households, the Bank of England has predicted, adding that the conflict has caused a “major supply chain crisis” in the global economy. Financial market turmoil over the Middle East conflict has caused banks to withdraw about 1,500 … Read more