Iran mocks Trump’s peace talks as oil price takes sharp drop March 25, 2026 The Iranian regime has mocked claims from Donald Trump that talks to end the war were progressing as markets struggle to digest a mixed bag of messages. Tehran downplayed expectations of any immediate ceasefire, following emerging reports that the US had offered a 15-point ceasefire plan. The President said the US was in “productive” talks [...]
FTSE 100 Live: Stocks soar as Trump claims ‘victory’ in Iran; Economists clash on inflation March 25, 2026 Welcome back to the Morning Wire liveblog. Fresh figures this morning revealed inflation rose three per cent in the year to February 2026, unchanged from the 12 months to January 2026. Grant Fitzner said: “The largest upwards driver was the price of clothing, which rose this month but fell a year ago. “This was offset [...]
If Reeves wants Britain to lead in AI, she must offer tax incentives March 25, 2026 The government is aware of the levers it’s able to pull to compete on AI: planning, electricity connections, visas, higher education policy, direct subsidies. But where’s tax? Asks Tim Sarson A couple of weeks ago one of those mini news stories came along, the sort that is so neatly zeitgeisty that it demands further consideration. [...]
The UK went into this crisis weak and may emerge from it broken March 25, 2026 Keir Starmer may take every opportunity to stress that the UK isn’t involved in the war and wanted nothing to do with it, but our economy is nevertheless entirely at the mercy of events taking place 4,000 miles away. The prospect of a negotiated settlement (at least anytime soon) feels remote and that uncertainty is [...]
UK economy facing ‘pronounced recession’ March 24, 2026 The war in the Middle East is “stalling growth” in the UK economy, fresh data has shown, as economists warned that a “pronounced recession” will come if energy prices stay high. A monthly survey of business activity across the country has suggested that there was a slowdown in output as well as a fall in [...]
Reeves pledges targeted support as she blasts Liz Truss’ £40bn energy bailout March 24, 2026 Chancellor Rachel Reeves hit out at a Tory government-era energy support package that cost around £40bn in a further indication that any Labour scheme would only be for the poorest households. In an address to the House of Commons, Reeves said there were “contingency plans” being drafted for different scenarios where energy prices stay higher [...]
FTSE 100 Live: Stocks dip; Reeves give energy update as oil prices jump March 24, 2026 Good morning and welcome back to the Morning Wire liveblog. Oil is back on the rise this morning following a series of mixed messages on Monday that brought forward a day of whiplash for global markets. The trading session started with nosedives into the red as markets digested President Trump’s 48 hour ultimatum on Iran, [...]
Government borrowing costs set for worst month since Liz Truss March 23, 2026 The government’s short-term borrowing costs were on course to have their worst month since Liz Truss’s ignominious mini-Budget, until the news of United States’ talks with Iran led traders to unwind bets future interest rate hikes. The two-year gilt yield jumped by eight basis points on Monday morning, meaning the interest rate on the government’s [...]
How the Bank of England will read into outdated inflation data March 23, 2026 Can data be redundant? The Office for National Statistics will this week give the impression that inflation is stable. Economists have predicted the consumer price index inflation print for the year to February to come in at three per cent, like last month, which would have otherwise made for satisfactory reading. But the figures precede [...]
Trump’s call to pause strikes in Iran boosts markets March 23, 2026 Global markets leaped on news that President Trump paused strikes on Iranian infrastructure as he hinted that negotiations had been “very good and productive”. Brent crude – the international benchmark for oil prices – plunged back to below $100 per barrle after having jumped to $112 earlier in the day. The FTSE 100 also rose [...]