Revealed: How much Iran war has cost UK households
It’s more than you think Over six months have past since the US and Israel have launched war against Iran, a conflict Trump was expecting to last “four to five weeks”. With still no end in sight, the world economy is seamlessly being affected, down to the households of those that aren’t involved in the […]
2 weeks ago
Trump is threatening to ‘bomb the sh*t’ out of another country, and this time it’s a US ally
The US President adds to his list of threats to bomb next Donald Trump threatens to bomb Oman, a US ally working on reopening the strait of Hormuz as the 60-day deadline for Iran agreement expires. The President warned of an attack on Oman if it “gets in the way” of the US’s efforts in […]
1 month ago
Autumn budget faces “very difficult trade-offs” because of Iran War
The Autumn budget may not be plain sailing The Autumn budget faces “very difficult trade-offs” if the Iran war keeps oil prices and inflation high, a leading thinktank has warned, handing new Prime Minister Andy Burnham what it calls a “challenging inheritance”. With oil prices having briefly climbed back above $100 a barrel and the […]
1 month ago
Oil giant BP reports surge in profits as Iran war pushes oil prices higher
BP attributed the more than doubling of profits to “exceptional” oil trading. It’s been announced that BP’s profits for the first three months of the year have more than doubled following a surge in oil prices since the beginning of the Iran war. In its first results since the conflict began, the energy giant reported […]
5 months ago
Airlines will be forced to cancel flights due to fuel shortages this summer, government says
Brits are advised to continue with their holiday plans Due to jet fuel shortages caused by the US-Israeli war in Iran, airlines will be forced to cancel some flights landing in the UK, as a result of the blockade in the Strait of Hormuz. As the government has acknowledged, while British airlines are not currently […]
5 months ago
Quarter of a million people could lose their jobs in the UK by next year, report says
Here’s when UK’s jobless rate will peak Economic forecasters have warned that amid the fallout of the Iran war, recession and unemployment will be sent soaring. As per a late EY Item Club report, it is predicted that the economy will flatline in the second and third quarters. This is expected to leave gross domestic […]
5 months ago