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Watch: How oil and gas prices are pushing up the cost of living
The war in the Middle East is less than a month old, but its impact is already being felt widely. In the UK on Thursday, the Bank of England held interest rates at 3.75% on Thursday – after an earlier expectation they could be cut – with a warning that inflation could tick up. Ahead…
High street shops selling illegal tobacco raided in Inverness
Trading Standards officers in Scotland say they need extra powers to help tackle what they describe as an “explosion” of illegal tobacco sales in high street shops. The products include counterfeit cigarettes or those smuggled into the country to avoid tax. Trading Standards link the UK-wide problem to organised crime. The Scottish government said illicit…
US sanctions Russian oil companies after failed Putin talks
Bernd Debusmann Jr,at the White House and Max Matza ‘It was time’, says Trump on increase in Russia sanctions The US has announced new sanctions targeting Russia’s two largest oil companies – Rosneft and Lukoil – in an effort to pressure Moscow to negotiate a peace deal in Ukraine. “Every time I speak to Vladimir,…
Low-income households to get help with heating fuel prices
“I’ve had to turn my heating off already, I’ve put more blankets on the bed to try and keep the girls and myself warm, I’ve put jumpers on, I’ve made sure we don’t use as much hot water as that drains your oil quite substantially, so I’m boiling the kettle more, but that uses more…
