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The Latest Breaking News from PA Graphics

Bank of England poised to hold interest rates steady despite inflation rise

But experts have said a hike could remain on the horizon if the conflict continues to put pressure on UK inflation.

Evening Standard

‘Watershed moment’ as smoking ban becomes law

Rishi Sunak, who introduced the legislation during his tenure at Number 10, said that the Tobacco and Vapes Act will save thousands of lives.

Evening Standard

Starmer tells Britons ‘don’t panic’ over impact of Iran war

Sir Keir Starmer said the Government was working to mitigate the impacts of the Middle East crisis on the economy and the supply of goods.

Evening Standard

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Starmer warns Iran war could put holidays and food shopping habits under threat

Sir Keir Starmer told Britons not to panic over the economic impact of the Iran war

The Independent UK

Price pressures could last for eight months after Iran war ends, minister warns

Darren Jones said the conflict will likely continue to raise prices for energy, food and flight tickets in the coming months.

Evening Standard

‘Have less fancy conferences and get in a boat’, Hegseth tells UK and allies

The US defence secretary dismissed efforts being led by Britain and France over the future security of the Strait of Hormuz as ‘silly’.

Evening Standard

Bank of England set to hold interest rates despite Iran war pushing up inflation

Economists have however suggested that continued inflationary pressure could lead to a rate hike in the summer.

Evening Standard

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Fallout from Iran war is ‘major new threat to foreign aid’

There are growing concerns that the economic fallout from the current conflict in the Middle East will push Gulf nations – who collectively provided more humanitarian aid than the US last year – turning away from foreign assistance

The Independent UK

Oil prices drop sharply and global markets surge as Strait of Hormuz reopened

Brent crude fell more than 10% to just under 89 US dollars a barrel in afternoon trading as Iranian authorities said the strait has fully reopened.

Evening Standard

Drivers handed 48,000 parking tickets every day by private firms

Figures show parking management businesses issued 13.1 million tickets between April and December last year.

Evening Standard

US military begins blockade of Iranian ports on Trump’s orders

Prime Minister Sir Keir Starmer said he did not support the blockade announced by the US president.

Evening Standard

Swinney outlines plans for £300 of energy support for islanders

The First Minister also vowed investment to boost housing and declining populations in Scotland’s remote communities.

Evening Standard

Rising mortgage costs dent buyer demand amid ‘housing market mood shift’

Surveyors said their report points to a housing market increasingly pressured by inflationary concerns and higher mortgage costs

Evening Standard

Price of oil tumbles as global stocks rebound on two-week ceasefire

Investors welcomed the deal on Wednesday morning after a volatile six weeks for the financial markets since the conflict first began.

Evening Standard

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Evening Standard

Macron hits back after Trump mocks him over ‘shove’ by wife

The French president said that Trump’s comments were ‘neither elegant nor up to standard’

Evening Standard

Trump claims Iran wants ceasefire as Starmer seeks to calm UK economic fears

Prime Minister Sir Keir Starmer said: ‘No matter how fierce this storm, we are well-placed to weather it.’

Evening Standard

Starmer signals need for closer ties with EU in light of Iran oil crisis ‘storm’

Britain’s “long-term national interest requires closer partnership with our allies in Europe”, Sir Keir Starmer has said.

Evening Standard

US ‘figuring out who’s in charge’ in Iran after Trump hails talks progress

Tehran’s leadership has been left ‘very fragmented’ by the conflict, says Washington.

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The Independent UK

Starmer pledges to ‘fight for values’ in local elections

Labour approaches the May 7 elections struggling in the polls.

Evening Standard

Keir Starmer won't quit as PM even if Labour suffers disastrous losses in local elections, says minister

Polls suggests Labour will lose hundreds of seats in London and more in other parts of the country at the May elections

The Independent UK

Trump calls UK warships ‘toys’ in latest attack on Nato and Starmer

The president also insisted that King Charles will visit the US

Evening Standard

Trump calls UK warships ‘toys’ as he lashes out at Starmer’s Iran war ‘mistake’

The president insisted the King will visit the US.

Evening Standard

Rachel Reeves warns of ‘significant’ economic challenges from Iran war

The Chancellor updated MPs on the economic impact of the Middle East crisis, which has pushed up oil and gas prices.

Evening Standard

Downing Street welcomes ‘postponement’ of US strikes on Iranian power plants

Donald Trump had threatened to obliterate Iran’s power plants if it did not reopen the vital Strait of Hormuz by just before midnight on Monday.

Evening Standard

British lives ‘in danger’ after UK backs US strikes on Iran from its bases

US President Donald Trump said the UK ‘should have acted a lot faster’.

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