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Markets could remain sensitive to the developments in the Middle East. Tensions remain elevated in the region amid continued incidents in the Strait of Hormuz and a failed attempt for a second round of talks this week, undermining prospects for a near-term resolution.
The biggest winners from the Conservatives' help to buy scheme were high-earners who were already likely to buy a house, with the top 10% of earners receiving the largest cash benefit.
The anticipated increase reflects renewed pressure on household budgets driven by surging oil and fuel costs, which economists say are increasingly being shaped by the fallout from the conflict involving US-Israeli and Iranian forces.
Britain's tax wedge, which estimates total taxes on labour paid by employees and employers, minus cash benefits received by working households, increased by 2.45 percentage points last year, the most in the OECD.
The agency has confirmed what it called a "very difficult" decision to close its last remaining office on Brompton Road, bringing an end to operations that once stretched from the Home Counties to Monte Carlo.
"Among the measures being modelled behind closed doors are the throttling of data speeds, restricting access during periods of high demand, and charging customers a premium at peak times, a move that would mark a significant departure from the all-you-can-eat tariffs that have dominated the British mobile market for more than a decade."
Residents of One Hyde Park - which in the past included celebs like Kylie Minogue and various billionaire tycoons - have won a decade-long court case over piping issues that cost 35 million. However, it may take years for the issues to be fully resolved, which could mean more construction work and disruption to come. According to building experts who weighed in on the case, the building work is highly complex and focuses on faulty soldered joints and butterfly valves in the buildings.
New research has revealed that 88% of the UK is struggling to cope with high living costs - equal to an estimated 48 million people nationwide. Of those in the survey, over two in five (45%) indicated that the country's high living costs are impacting them even more than last year, showing that things have been getting worse rather than better for most households' finances.
