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Two American economists won the 2026 Nobel Prize in Economics for research on boom-and-bust cycles and how policymakers can limit inflation and unemployment through better communication of their plans.
UK Chancellor John Healey is considering increasing taxes on banks ahead of the Budget in two weeks, according to banking executives. The sector’s leaders warn higher taxes could reduce competitiveness and investment.
The head of the British Chambers of Commerce says repairing Brexit’s economic damage should be Prime Minister Andy Burnham’s priority as Labour reconsiders its EU membership stance.
Rising global fuel prices are straining Jersey businesses, prompting the government to propose freezing fuel duty in 2027, though some sectors worry it won’t sufficiently offset mounting costs.
Ofgem is considering reintroducing a market stabilization charge that would require energy suppliers to compensate rivals when they attract customers with cheaper deals during volatile wholesale price periods.
Used vehicle prices are forecast to rise only 0.2% this year, down from previous 2% projections, as high fuel costs and inflation pressure buyers while demand for fuel-efficient vehicles grows.
