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Oil Price Surge Adds £64,000 Weekly to Welsh Haulier's Fuel Costs

Oil price rises due to the Iran war have increased a Welsh haulage firm's weekly fuel bill by £64,000, raising concerns about higher consumer prices. The Road Haulage Association urges the UK government to maintain fuel duty cuts amid rising costs.

3 min read

BBC Huw Owen, wearing a blue blazer and striped shirt, stands next to the cab of one of his branded Owens Group lorries. He is holding the door handle and smiling at the camera on a sunny day.

UK Pay Growth Hits Lowest Rate in Over Five Years

UK pay growth falls to 3.8%, the lowest in over five years, with unemployment steady at 5.2%. Job vacancies remain stable ahead of Bank of England's interest rate decision amid rising fuel costs.

1 min read

Getty Images A woman wearing a grey hard hat and hi vis writes on a plan while on the phone with her laptop open next to her with a buolding site in the background

Cost Tanwydd Owens Group yn Codi £64,000 Wythnosol Oherwydd Rhyfel Iran

Mae costau tanwydd Owens Group wedi codi £64,000 yr wythnos oherwydd y rhyfel yn Iran, gan godi prisiau diesel 30%. Mae'r Gymdeithas Cludo Nwyddau Ffyrdd yn rhybuddio y bydd costau uwch yn cael effaith ar brisiau nwyddau, gan alw ar y llywodraeth i ymateb.

4 min read

Heating Oil Prices Double in Two Weeks Amid Middle East Conflict

A Cheshire family reports heating oil prices doubling in two weeks amid Middle East conflict, raising concerns over supply security and affordability.

3 min read

BBC Lawrence Salvoni has short greying hair and a greying goatee beard. He wears a blue, red and white lumber shirt.

Ending Gas Price Control Could Cut UK Energy Bills by £200, Says Thinktank

Common Wealth reports that UK household energy bills could drop by £203 annually if gas prices no longer dictate electricity costs, proposing a single buyer model to stabilize prices and prevent windfall profits amid rising gas costs due to the Iran conflict.

3 min read

Aerial view of wind turbines and clusters of houses with their lights on at dusk

Iran Conflict Spurs Bank of England to Maintain Interest Rates at 3.75%

The Bank of England is expected to hold interest rates at 3.75% due to economic impacts from the Iran conflict, with rising oil prices affecting inflation and borrowing costs.

4 min read

Getty Images Bank of England building with pillars in the foreground.

US Federal Reserve Holds Interest Rates Amid Iran Conflict and Oil Price Surge

The US Federal Reserve has kept interest rates steady amid rising oil prices and economic uncertainty caused by the US-Israel conflict with Iran, delaying potential rate cuts until year-end.

2 min read

Bloomberg via Getty Images A livestream shows Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Jan. 28, 2026.

Oil Nears $110 After Reported Airstrike on Iran's South Pars Gas Field

Oil prices rose to nearly $110 a barrel after reports of an airstrike on Iran's South Pars gas field. Iran's military warned of decisive retaliation, and gas supplies to Iraq were suspended to protect domestic needs.

2 min read

Getty Images Fire blows out of a tall chimney at a facilities on the South Pars gas field.

Average Age of First-Time Buyers in England Rises to 34 Amid Housing Challenges

The average age of first-time buyers in England has risen to 34, with fewer young buyers and increased financial demands. Regional affordability varies, with Scotland offering the most affordable areas and London the least. Despite challenges, buyers now tend to acquire larger, better-quality homes.

3 min read

Getty Images A young woman sitting on the floor in dungarees, smiling and wearing a head wrap to hold up her hair, she is working on a laptop which is propped up on a cardboard box - behind her there are a number of boxes and a ladder is propped against a wall, showing someone who has just moved

Oil Prices Drop as Iraq Resumes Exports via Turkey Amid Hormuz Strait Closure

Iraq faces potential credit downgrade as oil output drops due to Strait of Hormuz closure. Iraq resumes limited exports via Turkey, easing supply concerns and causing oil prices to fall. Markets react positively amid hopes for stable interest rates.

3 min read

Children playing football near the oil refinery in Erbil, Iraq, yesterday.

Will India’s Piped Gas Supply Face Pressure Amid Iran Conflict?

India's piped natural gas supply, vital for homes and vehicles, faces potential pressure amid the Iran conflict. While immediate shortages are unlikely, price rises and industrial supply cuts are expected due to LNG import risks through the Strait of Hormuz.

5 min read

Warner Bros CEO David Zaslav Set for $700M Payday from Paramount Deal

Warner Bros Discovery CEO David Zaslav is set to receive a $700 million payout from Paramount's acquisition, including cash, stock awards, and tax reimbursements, amid industry shifts and pending regulatory approvals.

3 min read