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Spring forecast: Reeves insists Labour has ‘right economic plan’ as 2026 growth downgraded

Unemployment predicted to continue rising to 5.3% as chancellor says she is meeting energy firms amid soaring oil and gas prices

Stock markets slump amid Iran war as gas prices jump 30% to three-year high

FTSE 100 on track for its worst day in 11 months, while Japan’s Nikkei and South Korea’s Kospi also fall

Surprise jump in UK grocery inflation makes interest rate cut less probable

ECB says Middle East war could cause higher inflationary pressure and warns of potential ‘sharp drop in output’

Rachel Reeves’s plans could be hit by Middle East conflict, say economists

Warning comes as OBR projections in the spring forecast are expected to show public finances moving in the right direction

A gas shock – not an oil shock – from the Iran war looks more threatening

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz

Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping

Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging

Gas prices soar and oil jumps as Iran war pushes down global stock markets

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sites

UK house prices rise in February as chancellor avoids ‘negative speculation’

Rachel Reeves’s upcoming spring forecast has not led to slowdown, as property tax rumours did in November

What disrupting the strait of Hormuz could mean for global cost-of-living pressures

The narrow shipping route on Iran’s southern border carries one-fifth of global seaborne crude oil, one-fifth of LNG shipments and one-third of the most widely used fertiliser

Middle East crisis pushes up oil prices – and could drive inflation rises too

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth

Most senior council officers in England say building work hit by delays

Funding uncertainty is main concern, despite Labour’s pledge to revitalise construction, survey shows

OBR a backseat driver with out-of-date maps, thinktanks tell Rachel Reeves

Chancellor urged to reform Office for Budget Responsibility to open way to more public investment

Why does admitting you’re ambitious feel so wrong for gen Xers like me?

In the 90s, we internalised an ideal of cool that appeared nonchalant and effortless. Now, young people are unafraid to say they want something and are going to work hard to get it, writes Emma Beddington

Boring or bust: Reeves aims to project calm competence in spring forecast

After 18 months of policy U-turns and political turmoil we are told not to expect any last-minute policy rabbits

Trump’s Iran strikes accelerate the world’s drift from dollar dominance

Aggression feeds a sense that the US is operating outside global norms and helps to fuel a more complex currency outlook

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  • Green energy boss backs more North Sea oil and gas production
  • Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened
  • What levers could Rachel Reeves pull to help with rising prices?
  • Rachel Reeves rules out universal support on energy bills
  • TSA workers try to survive second shutdown and ICE influx: ‘We need to be paid’
  • Seven charts that reveal how unprepared Australia was for the fuel crisis
  • UK manufacturers hit by sharpest rise in cost inflation since Black Wednesday in 1992
  • Revolut warns it risks backlash over support for energy-intensive AI and crypto
  • Estée Lauder in talks on merger with Jean Paul Gaultier owner Puig
  • UK vets face crackdown over fees as pet owners ‘left in the dark’ on bills
  • ‘It smells like a rancid fish and chip shop’: at sea with the Antarctic’s krill supertrawlers
  • ‘The whole country is doing it’: how illegal kidney traders target Pakistan’s desperate brick kiln workers
  • Property company denies trying to mass-evict tenants before England’s no-fault evictions ban
  • Irish metals refinery is in supply chain that feeds Russian war machine, records suggest
  • Japan to begin biggest-ever oil release from national reserves as Middle East energy crisis bites
  • ‘We consider every mile we drive’: how fuel shortages are affecting readers worldwide
  • English and Welsh winemakers report sharp rise in production in 2025
  • Ministers rebuff trade body’s call to boost North Sea oil and gas production
  • California sues Trump energy department over revival of controversial oil pipeline
  • Dow Jones Industrial Average posts best day since early February as hopes of Middle East de-escalation lift markets – as it happened
  • The UK sleepwalked into this energy price shock
  • Stock markets swing and oil prices fall after Trump postpones strikes on Iran power plants
  • Ministers tell HS2 to consider slower train speeds to cut costs
  • MPs urge UK government to halt contract giving Palantir FCA data access
  • AI boom risks widening wealth divide, says BlackRock’s Larry Fink
  • Leonid Radvinsky, owner of OnlyFans, dies aged 43
  • EasyJet bookings fall because of Iran war as boss warns of air fare rises
  • Starmer says ‘every lever’ will be explored to ease rising costs of living from Iran conflict
  • Idris Elba-backed firm Huel bought by Danone in €1bn deal
  • Australia’s generation Alpha faces $185k bill over lifetime without urgent action on climate crisis, report finds

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