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Britain to be hit harder than any other G7 economy by Middle East shock as growth collapses and inflation soars, OECD warns

Today

Britain is set to be hit harder than any major advanced economy by a slowdown driven by war in the Middle East, according to a damning new global forecast.

FTSE in the red as oil rebounds to $105; NS&I compensation bill - BUSINESS LIVE

Today

The FTSE 100 sank lower as oil topped $105 a barrel again, amid fading hopes of a de-escalation in the Middle East.

Labour promised the G7's strongest economy but the OECD says the UK is most vulnerable: HUGO DUNCAN

Today

Instead of being the fastest growing economy in the group, as Labour promised, the UK is becoming a laggard mired in stagflation.

Drax under fire over £8bn green energy tax break for its wood-burning power stations

Today

Drax came under fire as it emerged its boss could earn nearly £7m this year having scooped just under £2.7m last year despite a sharp drop in profits.

How to earn tax-free profits on crypto such as Bitcoin and Ethereum. Hardly any investors know this trick and, yes, it's risky. Here our money experts reveal everything you need to know

Today

The Innovative Finance Isa will soon become the only Isa to allow investors to back the biggest cryptocurrencies, including Bitcoin and Ethereum.

What can celebrities teach you about money? A fair amount, actually, says LEE BOYCE

Today

What can celebrities teach you about money? At first thought, you'd be forgiven for thinking… well nothing. But believe me, they can.

The 10 most reliable used cars aged between three and 15 years-old revealed - is yours on the list?

Today

The most reliable used cars have been revealed by Warrantywise. These are the top 10 models - and there's a lot of small, affordable cars on the list.

Currys shares sink as boss Alex Baldock announces exit after eight years

Today

Alex Baldock joined Currys in 2018 after working for six years as group chief executive of Shop Direct.

NS&I may be forced to pay £400M in compensation to savers

Today

NS&I has been accused of short-changing bereaved families by losing track of investments, delaying payouts and withholding premium bond prizes.

Next boss warns war in the Middle East could push up prices this year

Today

Lord Simon Wolfson said war could have 'knock-on effects on costs, selling prices and consumer demand' outside of the region, including in the UK - as well as hitting sales in the Middle East itself.

Co-op boss steps down after four years as retailer swings to a loss after cyber attack

Today

The boss of the Co-op will step down after four years, as the retailer reported it had taken a significant hit from a cyber attack and higher employment costs.

Consumer confidence 'collapsed' after Iran war as economic gloom gathers

Today

The worrying survey from the British Retail Consortium and pollsters Opinium comes just as Labour had insisted that there have been green shoots appearing in the economy.

Severn Trent put us on a water meter without our knowledge and we DON'T want one: CRANE ON THE CASE

Today

I am a keen gardener, and water my garden a lot in the hot summers we are now experiencing. We don't want to be worrying about how much we use.

Does the oil price surge make green energy a good investment? ANDREW OXLADE

Today

The surge in the oil price off the back of the Iran War suddenly changes the appeal of alternative energy sources to fossil fuels - and they look cheap.

Blue Whale manager: How I avoided the AI slump and where I'm investing for growth now

Today

Stephen Yiu was among the first wave of investors to see the potential gains from artificial intelligence for companies and their share prices, but switched tack last year.

'Totally unprepared': Labour accused of leaving UK at the mercy of economic storm as figures show inflation stuck at 3 per cent

Today

Rachel Reeves was yesterday accused of leaving Britain 'totally unprepared' for the coming economic storm as figures showed inflation was stubbornly high even before the Iran war.

UK interest rate hikes 'won't tame Trumpflation': Bank of England warned of damage to economy

Yesterday

Business chiefs joined forces with union leaders to sound the alarm over the impact of higher borrowing costs at a time of weak growth and job losses.

The Competition & Markets Authority is the watchdog that fails to bark - let alone bite, says ALEX BRUMMER

Yesterday

Britain's veterinary surgeons, the Royal Mail and Thames Water might not appear to have much in common as businesses.

Ready for launch: Elon Musk's SpaceX rocket firm counts down to a record £1trillion listing

Yesterday

Space X is set to file the prospectus for an initial public offering with regulators in the US within the next two weeks, according to reports.

Labour accused of killing North Sea oil investment even in face of the Middle East crisis

Yesterday

Oil and gas operator Enquest is already diversifying its operations into Asia as a result of the 'challenging' landscape in the UK.

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