Economics at standard.co.uk

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Ministers have faced calls from their political rivals to U-turn on the planned 1p tax hike in light of the oil price spikes caused by the war.

The Energy Secretary said the Government will ‘stand by the British people’ as ministers consider whether to ditch a planned rise in fuel duty amid surging oil prices

It is expected the Bank of England will keep borrowing costs unchanged at 3.75% in March.

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The Lib Dem leader will call for a ‘genuinely, verifiably’ independent nuclear deterrent to replace Trident, as Donald Trump is not a dependable ally.

US military to deploy more forces to the region, as Iran continues to disrupt shipping and send oil prices soaring

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The president said American forces struck Kharg Island – which handles most of Tehran’s oil exports – and warned he could still destroy its energy infrastructure if Iran interferes with ships in the Strait of Hormuz

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Confidential information that could reportedly be viewed included directors’ home addresses, email addresses, and dates of birth.

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The FTSE 100 Index closed down 44 points at 10,261.15.

The pub chain has warned over profits due to higher than expected costs and experts fear the Iran war could compound its woes.

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The Government hit back stressing the Chancellor was only telling petrol retailers to ensure motorists get a ‘fair deal at the pump’

No 10 said the decision ultimately lay with the US but that Britain remained committed to bringing ‘maximum’ financial strain on Moscow.

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The Chancellor and Energy Secretary Ed Miliband will hold a meeting at Downing Street with petrol retailers and energy suppliers.

A flat GDP figure for January today heightened fears over the impact of the Iran war on the UK economy.

Rachel Reeves has asked the competition watchdog to stay on ‘high alert’ for ‘unjustifiable’ price hikes

Washington is temporarily allowing ‘permit countries’ to purchase Russian oil already in transit.

Experts warned a prolonged Middle East conflict and an ongoing spike in oil prices could send the economy into reverse in 2026.

The tax implications of a return to the UK are ‘troubling’ expats who have flown back to the UK from tax havens like Dubai

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Financial services firms are using tools to help customers absorb information at their own pace, the Financial Conduct Authority said.

The £937 million in new investment from companies in Ireland is expected to create around 850 new jobs in the UK.

A small group of protesters gathered outside the building as the two leaders held a business roundtable in the city centre.

The CMA said it will consider how quickly fuel prices rise and fall as wholesale costs change.

Petrol prices have risen by 7.32p per litre, while diesel has jumped 15.85p per litre since the US launched strikes on Iran

‘The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,’ says the US president