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Economy
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Optimism over US-Iran peace accord drives drop in oil prices
Oil prices fell sharply on Monday following reports that the United States and Iran are nearing a peace deal that could reopen the vital Strait of Hormuz.
Amazon UK Chief Rejects Narrative That Unemployed Youth Lack Motivation
Amazon's UK boss John Boumphrey argues that systemic failures in education are to blame for rising youth unemployment, not a lack of drive among young people.
UK Government Debt Reaches April Peak Not Seen Since 2020
UK public sector borrowing surged to £24.3bn in April, the highest level since 2020, as rising debt interest and benefit spending outweighed tax revenues amid economic uncertainty.
Fuel costs climb to peak levels not seen since start of Iran conflict
Petrol prices have reached 158.52p per litre, the highest level since the Iran conflict began, as rising global oil costs impact UK drivers.
IMF Raises UK Economic Outlook Despite Persistent Global and Local Risks
The IMF has lifted its 2026 UK growth forecast to 1%, citing unexpected economic momentum, though it warns that geopolitical tensions and internal uncertainty remain significant threats.