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π Listen to This Is Why on your podcast app π Sir Keir Starmer is promising help for working people whose energy bills are going up because of the Iran war. The last energy bailout after Russia’s full-scale invasion of Ukraine cost Β£40bn, and on top of the costs of support during the COVID pandemic…
The UK government is preparing a possible court case against former Chelsea owner Roman Abramovich after he missed a deadline to release Β£2.5bn he raised from the sale of the club. It comes after Sir Keir Starmer announced in mid-December that the Treasury was issuing a licence for the transfer of the frozen funds to…
More than one million properties are due to get government-funded internet upgrades, and a new tool has been launched to tell you if you can get one. The Project Gigabit scheme aims to bring gigabit-capable broadband, which offers faster and more reliable internet, to hard-to-reach rural areas. The programme launched in 2021, but the rate…
Donald Trump has raised hopes several times that the US-Israel military strikes on Iran may soon be over. But as we enter the third week of the conflict and its effects rage across the wider energy-rich Middle East, financial markets are reflecting nerves over the growing impact on the global economy. Brent crude oil prices…
If you’ve ever spent your morning commute daydreaming about starting afresh with your career, this feature is for you. Each Monday, the Money blog speaks to someone from a different profession to discover what it’s really like. Today we speak to Kieron Fosher, window cleaner and owner of KF Specialist Exterior Cleaning in Kent… To…
Businesses will be given a Β£3,000 government bonus for hiring a young person who has been out of work for six months. Work and Pensions Secretary Pat McFadden said the government wants to “back Britain’s young people” after youth unemployment hit its highest levels for 11 years. Politics latest: Starmer to offer ‘targeted’ energy support…
The UK economy grew by 0.2% in the three months to January but with zero growth that month, according to official figures, as the prospects ahead are clouded by uncertainty due to the effects of the Middle East war. Early estimates from the Office for National Statistics (ONS) pointed to better performances from industrial production…
The US treasury secretary has told Sky News that the US Navy will be escorting oil tankers through the Strait of Hormuz. Iran’s new supreme leader Mojtaba Khamenei said on Thursday he plans to use the effective closure of the strategic waterway, through which 20% of the world’s oil supplies passes, as leverage against the…
In a war increasingly determined by the flow and price of oil, one country is already emerging as a winner – and it’s not even a combatant. As US-Israeli strikes on Iran have sent the oil price soaring and raised questions about the American appetite for a prolonged price shock, Russia is already reaping the…
The government has been called on by an influential committee of MPs to quash convictions obtained with data from the Post Office’s Capture software, the predecessor to the faulty Horizon IT programme. As well as creating “urgent” legislation to have these earlier convictions quashed, a new report from the Business and Trade Committee (BTC) also…