US inflation jumps to 3.8% as energy costs surge from Iran war

Some islanders are struggling to heat their homes in cold temperatures, a homeless charity boss has warned. The Shelter Trust chairman Mike Powell said he was concerned some people were “effectively rough sleeping at home” because they could not afford energy bills. “We think with more cold months likely to come the problem will become…

Archie MitchellBusiness reporter Reuters Adverts for Nike, Superdry and Lacoste have been banned for making misleading claims about their green credentials. The UK’s advertising watchdog challenged the brands over the use of the word “sustainable” in paid-for Google ads which were not backed up by evidence of their sustainability. The Advertising Standards Authority (ASA) identified…

But Spencer says his business is being squeezed from every angle – as well as minimum wage, he has had increases in business rates, national insurance, and statutory sick pay. He also expects energy bills to go up because of the war in the Middle East.

Yet, analysts do not think inflation will return to the peak of 11.1% seen in the UK in October 2022. That is because the war in Ukraine also caused spikes in the prices of basic foodstuffs, such as wheat and edible oil, owing to the role of Ukraine in producing those items. That is not…