UK factory costs have risen at their fastest pace since 1992 as energy prices spike, with PMI data showing growth slowing sharply and inflation risks mounting. Read more: UK factory costs surge at fastest rate since black wednesday amid energy shock
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UK borrowing costs surge to highest since 2008 as gilt yields hit 5%, driven by energy price spikes and inflation fears linked to Middle East conflict. Read more: UK borrowing costs hit highest level since 2008 as markets reel from energy shock
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Labour will allow 30m wind turbines at schools, hospitals and farms without planning permission, aiming to cut energy bills and boost UK renewables. Read more: Labour to allow 30m wind turbines at schools and hospitals in planning shake-up
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UK borrowing jumps to £14.3bn, raising concerns over limited government capacity to support households as energy bills rise amid Middle East tensions. Read more: Surge in UK borrowing limits scope for energy bill support as fiscal pressures mount
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UK manufacturers warn of collapsing domestic orders and rising costs, with firms raising prices at the fastest pace since 2023, according to Make UK. Read more: UK factories hit by ‘collapse’ in orders as costs surge across manufacturing sector
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The UK and Ireland deepen economic ties as £937m in Irish investment creates 850 jobs and new energy interconnectors strengthen energy security at the UK-Ireland Summit in Cork. Read more: UK and Ireland strengthen economic partnership as £937m investment set to create 850 jobs
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UK GDP showed zero growth in January as households cut spending on restaurants and hospitality, highlighting a fragile economy ahead of potential inflation shocks from the Middle East conflict. Read more: UK economy stalls in January as hospitality slowdown drags growth to zero
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The US dollar firmed 0.2 per cent, making dollar-priced bullion more expensive for holders of other currencies The post Gold slips as dollar strengthens, rate cut hopes fade appeared first on Gulf Business.
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The International Energy Agency agreed to release a record 400 million barrels of oil to help rein in prices that have spiked due to supply shocks The post Despite massive IEA reserve release, oil prices rise as tankers hit in Iraqi waters appeared first on Gulf Business.
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The International Energy Agency is considering the largest release of emergency oil reserves in its history as markets reel from supply disruptions linked to the war with Iran. The post IEA considers largest oil reserve release in history — here’s what it means appeared first on Gulf Business.
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