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UK house prices fall as Iran war uncertainty dampens demand
“Concerns about higher energy prices have pushed up inflation expectations, which in turn led to a rise in mortgage rates, reducing confidence that interest rates will be cut this year and dampening the initial momentum in the market seen at the start of the year.”
Oil price spiral may be slowed but not stopped by G7 emergency move
Releasing 300 million barrels of oil will not address all issues. As powerful as the G7 is, China, India, and South Korea remain the key customers for physical supply of Gulf oil and gas. As such, gas tankers from the US that had been bound for Europe are now doing Atlantic U-turns and heading for…
Leamington restaurant Magic Wingdom closes after rising costs
“Food prices have changed a lot, the Ukraine war, the bread basket of Europe was a huge thing for oil costs. There’s the risk of avian flu, all of our chicken is British, that’s something we’ve sort of celebrated, Red Tractor approved, it’s all increasing slowly.”
Douglas library runs coffee mornings to tackle isolation
Weekly coffee mornings at a library in the Isle of Man capital aim to “get people in who feel a bit isolated,” a librarian has said. Douglas City Library, on Duke Street, is running Winter Warmer sessions to encourage people to be social. They are held each Friday between 09:00 GMT and midday. The move…
Why Poundland is struggling during a cost-of-living-crisis
Emma SimpsonBusiness correspondent BBC The residents of Peckham in south London have just lost their Poundland store, which closed this week after 11 years of trading. “Everyone comes in here, it’s very cheap. I buy stuff for my kids, snacks, toiletries,” says passing shopper Becky Cullen, staring at the empty shop. “It was always busy……
