Interest rates could rise again across the world – here’s why

**Global Interest Rates on the Brink of Further Hikes: The Energy-Inflation Nexus Dominates Central Bank Agendas** The global economic landscape is bracing for another potential wave of interest rate increases, as central banks worldwide continue their battle against persistent inflation, heavily fueled by elevated energy costs. This month, financial markets and economies alike will be

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Economy

I moved my shop 20 miles because I couldn’t afford £300 a week on fuel

This anecdote from Turriff perfectly illustrates the severe strain rising petrol prices are placing on individuals and businesses across the UK, particularly in rural areas. — **BBC Scotland News** **Turriff Businesses and Residents Grapple with Soaring Fuel Costs** **TURRIFF, ABERDEENSHIRE –** Residents and businesses in the rural Aberdeenshire town of Turriff are feeling the acute

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Economy

AI boom helps drive surprise UK growth in July

The UK economy delivered a significant surprise in July, expanding by 0.4%, according to official figures. This unexpected uptick defied analyst predictions of no growth and is largely attributed to a burgeoning AI boom, which appears to be stimulating activity within technology-related sectors and professional services. This robust performance offers a welcome respite for the

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Economy

I asked my husband to pay into my pension when we had a child – here’s why

## The Parental Pension Gap: Why Molly Asked Her Husband Taylor to Pay Into Her Pension After Baby Arrived Becoming parents is a life-altering event, bringing immense joy, sleepless nights, and a complete re-evaluation of priorities – including financial ones. For Molly and Taylor Haylett, the arrival of their first child, Leo, didn’t just spark

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Economy

I asked my husband to pay into my pension when we had a child – here’s why

This is a fantastic and increasingly relevant story for many couples navigating the financial shifts that come with starting a family. Here’s how Molly and Taylor Haylett might explain their decision and their approach to managing finances: — ## I asked my husband to pay into my pension when we had a child – here’s

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Economy

Labour mayors in England vow to cap tourist tax at 5%

**Labour Mayors Propose Capped 5% Tourist Tax for England, Drawing Fire from Opposition** **London, UK** – Labour mayors in England, including Greater Manchester’s Andy Burnham and Liverpool City Region’s Steve Rotheram, have jointly committed to capping any future tourist tax at 5% of an overnight stay, even as their plans face sharp criticism from Reform

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Economy

Oil, gas and borrowing costs surge as fears over Middle East escalate

This situation paints a clear picture of how geopolitical tensions directly translate into immediate economic impacts, creating significant headwinds for the global economy. Here’s a breakdown of the implications: 1. **Oil Price Surge to $105/barrel:** * **Supply Disruption Fears:** The primary driver is the perceived threat to oil production and transit routes in the Middle

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Economy