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 […]
2 days 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 […]
3 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 […]
3 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 […]
3 months ago
OPINION: Trump’s ceasefire agreement with Iran highlights just how stupid his war was
Trump seems willing to effectively give Iran everything they want – so what exactly was the point of this war? Donald Trump’s ceasefire agreement with Iran has served to highlight just how stupid and pointless his war was. Overnight, Trump announced there will be a two-week ceasefire between the US and Iran on the condition that Iran […]
4 months ago
Donald Trump says he’s ‘not worried about committing war crimes’
The FIFA Peace Prize winner everyone… Donald Trump has said he is “not worried” about committing possible war crimes in Iran as he issued fresh threats towards Tehran. As Trump’s war in Iran continues, the president has issued a deadline of 8pm ET (00:00 GMT on Wednesday 8) for the Iranian regime to reopen the strait […]
4 months ago