Bleak economic data shows UK plc in trouble well before Middle East crisis Zero GDP growth in January will not help Rachel Reeves claim she has put UK in position to weather oil price storm
UK economy unexpectedly flatlined in January, official figures show January’s GDP figure comes as higher energy prices look likely to drive up inflation, dashing hopes of interest rate cut
SUV drivers could face extra charges for driving in London TfL are also poised to increase 20mph zones and cut speed limits on the capital’s fastest roads later this year
Redress schemes for Post Office Horizon scandal have serious failings, MPs find Committee says thousands of victims still waiting for compensation and ‘face unacceptable delays and inadequate offers’
The Guardian view on the cost of Trump’s war on Iran: the world’s poor will pay most dearly Editorial: The economic fallout of the US-Israeli assault and Tehran’s retaliation is spreading fast, and pushing the most vulnerable towards disaster
Keeping it simple was always the answer for John Lewis Remedy for partnership’s post-Covid woes was the old-fashioned one of basic shopkeeping and cutting costs
Watchdog puts UK fuel retailers ‘on notice’ over profiteering from Iran war Competition and Markets Authority will closely monitor pump prices to stop profits being ramped up amid crisis
Middle East war creating ‘largest supply disruption in the history of oil markets’ Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling markets
UK regulator examines IT glitch that enabled bank customers to see others’ accounts on app Information Commissioner’s Office made aware of incident affecting Lloyd’s, Halifax and Bank of Scotland
Middle East war creating ‘largest supply disruption in the history of oil markets’, as Brent crude hits $100 again – as it happened Rolling coverage of the latest economic and financial news
Russia earned €6bn from fossil fuel exports since start of Iran war, data suggests Figures from thinktank show Russia received extra €672m in revenues from oil, gas and coal during March so far
If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences China consumes around 90% of Iran’s oil exports, so could be forced to rely on alternative suppliers – particularly Russia, says Adam Hanieh of the Soas Middle East Institute
John Lewis pays first annual staff bonus in four years as profits rise Payment of 2% at employee-owned partnership follows sales increase to £13.4bn
Welsh Water to pay £44.7m after ‘unacceptable’ sewage works failings Proposed package comes after regulator finds ‘serious and unacceptable breaches’ in how company operates
Iran war punctures Trump’s ‘drill, baby, drill’ promise on US gas prices, experts say Fossil fuel supply is more vulnerable to global shocks than renewable power sources and efforts to boost efficiencies