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Bentley Faces Potential Loss of Up to 275 Jobs Amid Investment Drive

Bentley may cut up to 275 jobs amid major investments in electric vehicle production at its Crewe plant, despite reporting a seventh consecutive year of profitability in 2025.

3 min read

Alderney Electricity to Raise Prices from April Amid Financial Pressures

Alderney Electricity will raise prices by 6.4% above inflation from April to address financial pressures, support renewable energy, and ensure system stability amid rising fuel costs.

2 min read

Typical Mortgage Now Costs £788 More Annually Since Iran Conflict Began

New data shows typical mortgages are now £788 annually costlier than before the Iran war, with rates rising due to lender hikes and geopolitical tensions.

2 min read

RBA Expected to Raise Rates Amid Fuel Shortages and Inflation Concerns

The Reserve Bank is expected to raise interest rates amid rising inflation and fuel shortages caused by global energy shocks. Energy Minister Chris Bowen says released fuel reserves will take time to ease shortages.

3 min read

IEA May Release More Oil Reserves Amid Iran Strait Crisis Driving Prices Up

The IEA may release more emergency oil reserves as the Strait of Hormuz crisis drives prices above $100 a barrel. Despite a historic release of 400 million barrels, market recovery will take time amid ongoing Gulf tensions.

3 min read

NCP Enters Administration, 682 Jobs at Risk Amid Parking Demand Drop

National Car Parks (NCP) has entered administration, risking 682 jobs due to persistent financial losses and decreased parking demand post-Covid. PwC, the administrators, are seeking to sell the business while maintaining operations.

2 min read

Alcohol-Free Beer and Hummus Added to UK Inflation Basket Amid Changing Consumer Trends

The UK’s inflation basket now includes alcohol-free beer, hummus, and pet grooming, reflecting changing consumer habits and rising sales in these areas.

4 min read

Taxpayer Cost to Save Scunthorpe Steel Furnaces May Exceed £1.5bn by 2028, Says Auditor

The National Audit Office warns that taxpayer costs to sustain British Steel's Scunthorpe blast furnaces could exceed £1.5bn by 2028, despite saving thousands of jobs and preserving UK primary steel-making capacity.

3 min read

Government Offers £3,000 Grants to Employers Hiring Unemployed Under-24s

The government will pay companies £3,000 to hire unemployed young people aged 18-24, expanding existing schemes and targeting youth unemployment.

3 min read

UK Mortgage Demand Drops Amid Market Uncertainty; Iran Conflict Drives Oil Prices Up

UK mortgage demand drops amid market uncertainty as energy prices rise due to Iran conflict. Oil prices surge, housing market shows resilience, and government plans support for energy-affected households.

9 min read

ONS Adds Alcohol-Free Beer and Pet Grooming to Inflation Basket Reflecting Lifestyle Changes

The ONS updates its inflation basket to include alcohol-free beer, houmous, motorhomes, dashcams, and pet grooming, reflecting changing consumer habits and healthier lifestyles. New data collection methods using supermarket scanner data enhance accuracy.

3 min read

Castlederg Traders Struggle as Regeneration Work Causes Business Disruptions

Castlederg traders face business challenges due to slow progress in the £6.5m regeneration project, with closures and safety concerns prompting council engagement.

4 min read