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Oil prices jump after Trump says Iranian ship seized
“Oil markets continue to gyrate in response to oscillating social media posts by the US and Iran, rather than the realities on the ground which remain challenging for oil flows to resume in a rapid fashion”, analyst Saul Kavonic from financial services firm MST Marquee told the BBC.
Why our railways often seem to be in such chaos over Christmas
Katy AustinTransport correspondent BBC At a rail yard near Milton Keynes, a group of men in orange outfits are making final checks on huge slabs of railway track, preparing them so that they are ready to be installed over Christmas and New Year. At a time when many commuters stop work to enjoy celebrations with…
Interest rates hold expected but Bank of England facing tough choices
Households feel the impact of a rising Bank rate through higher borrowing costs, but can benefit from more generous savings rates. Given the global picture, and market expectations of a higher Bank rate, a host of major lenders have already increased the cost of new fixed-rate mortgages in recent days. Andrew Montlake, chief executive of…
OBR chair Richard Hughes resigns over Budget day publishing error
Archie Mitchelland Rachel Clun,Business reporters BBC/House of Commons Richard Hughes said he took “full responsibility” for the shortcomings identified in the report; Rachel Reeves thanked him for his service The chairman of the Office for Budget Responsibility (OBR) has resigned following the Budget day error which saw a key document published early. Richard Hughes said…
Onchan residents cite traffic, tourism, and economy as key issues
Originally from Bulgaria, they have lived on the island for more than 14 years and have run a cafe in the town’s Village Walk area for the last three. Matevski said rising stock prices were “crazy”, adding that “every day our suppliers are coming with new prices and we’re trying to survive”. Slavova said: “We…
