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The Latest Breaking News from PA Graphics

Factory input price inflation jumps by most since 1992 due to Iran war – survey

The S&P Global UK manufacturing PMI survey also said manufacturing production contracted for the first time in six months in March.

Evening Standard

Oil prices retreat and stock markets rally on Iran war resolution optimism

Stock markets in the UK and globally rebounded on hopes over an end to the Iran conflict, with the FTSE 100 Index soaring as much as 1.7%.

Evening Standard

Reeves: Government ‘can’t alleviate every price increase’ from Iran war

Chancellor Rachel Reeves said contingency planning was under way to deal with the economic fallout from the Middle East crisis.

Evening Standard

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Starmer says he won't be bullied by US as Trump threatens to quit NATO

Trump says removing the US from the defence pact is now ‘beyond reconsideration’

Evening Standard

'Brexit did deep damage': Keir Starmer vows closer ties with Europe amid Iran war cost of living crisis

The Prime Minister insisted he would not change his position on Britain's involvement with the US-Israeli war against Iran despite “pressure” from Donald Trump

Evening Standard

Starmer to update on cost of living as Iran conflict pushes diesel tank to £100

Prime Minister Sir Keir Starmer is due to speak at a press conference later on Wednesday morning.

The Independent UK

‘All roads’ from Iran war lead to higher prices and slower growth, warns IMF

The international financial institution said it was stepping up support, especially to the most vulnerable economies.

Evening Standard

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Navy fits ship with minehunting drones ahead of possible Hormuz deployment

The plans will see RFA Lyme Bay fitted with high-tech kit.

Evening Standard

E.On boss calls for energy bills support to be ‘targeted’ as prices set to jump

The UK chief executive said he hopes any support package on bills will be directed towards those most in need.

Evening Standard

Iran holding world’s economy ‘hostage’ with Strait of Hormuz closure – Cooper

Donald Trump insisted talks with Iran are ‘going very well’ despite little information being known about the negotiations.

Evening Standard

John Healey refuses to say if Iran has capability to strike UK

Iran has targeted the military base used by the UK and US on Diego Garcia island in the Indian Ocean with missiles.

Evening Standard

Government grant to reopen CO2 plant amid fears of Iran-linked shortages

The plant on Teesside was mothballed last year after a trade deal with the US cut tariffs on bioethanol, its main product.

Evening Standard

Starmer to face MPs as planning to reopen Strait of Hormuz continues

The UK is currently leading efforts to formulate a plan to reopen the vital shipping route after oil prices soared.

Evening Standard

Chancellor to set out action as surging prices spark profiteering fears

Rachel Reeves will make a statement to MPs on Tuesday.

Evening Standard

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The Independent UK

Reeves to unveil action to protect UK from ‘unfair prices rises’ after crisis meeting over Iran war

The chancellor will outline the action she is set to take in a statement to MPs on Tuesday following Monday’s emergency Cobra meeting

The Independent UK

How the Strait of Hormuz closure could affect your finances

Prime Minister Sir Keir Starmer’s official spokesman said the ‘Strait of Hormuz specifically needs to be reopened’

Evening Standard

Strait of Hormuz closure: 10 ways it could impact your finances

The Press Association looks at 10 ways that the disruption to the critical international shipping route could impact people’s finances.

Evening Standard

Government must plan for Iran war to continue ‘for some time’, Starmer says

The Prime Minister said he welcomed reports of talks between the US and Iran.

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Evening Standard

Oil prices retreat and markets pull out of nosedive on US-Iran talk hopes

Brent crude swiftly fell as much as 10% after President Donald Trump said the US would pause strikes for five days.

The Independent UK

Oil prices tumble and markets rebound after Trump announces Iran strike pause

Brent crude swiftly fell as much as 10% after President Donald Trump said the US would pause strikes for five days.

Evening Standard

Keir Starmer to hold Cobra meeting as Iran war economic fears grow

Ministers will discuss energy security and the resilience of industry and supply chains.

Evening Standard

Many households ‘will only have cleared their Christmas debt in the weeks ahead’

Festive generosity can ‘quietly follow households well into the new year’, according to budgeting tool IE Hub.

Evening Standard

Iran targets Diego Garcia with missiles and warns British lives ‘in danger’

Diego Garcia, part of the Chagos Islands, is around 3,800km (2,360 miles) away from Iran.

Evening Standard

Donald Trump says UK ‘should have acted a lot faster’ in letting US use bases

Ministers agreed on Friday afternoon that UK bases could be used for US ‘defensive operations’ against Iranian missile sites.

Evening Standard

Cooper warns Tehran against targeting UK interests

Iran has said allowing the US to use UK bases is ‘participation in aggression’.

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