Connect with us

முக்கியச் செய்திகள்

Inflation falls to 2.8% but is expected to rise from here

Published

on

Lower gas and electricity bills were behind a bigger than expected drop in the UK's inflation rate, but inflation is widely expected to rise from here due to the ongoing impact of the Iran war.

The rate of inflation, which measures price rises over time, fell to 2.8% in the year to April, down from 3.3% in the year to March.

Energy prices were lower due to the government's energy bill support package and lower wholesale energy prices before the conflict, the Office for National Statistics (ONS) said.

However analysts expect inflation to rise and reach about 4% by the end of the year, as the Middle East conflict continues to add pressure on global prices.

A lower rate of inflation does not mean prices are falling across the board, but that prices are rising more slowly than previously.

The drop in inflation occurred despite the rise in fuel prices due to the Iran war to highs not seen since 2022.

The average price of petrol rose to 156.8p per litre last month, according to the ONS, while diesel prices rose by more than 30p in April to take the average price to 190p per litre.

Petrol prices have reached a fresh high in May since, according to the RAC, hitting 158.52p a litre on Tuesday.

Yael Selfin, chief economist at KPMG, said the 2.8% rate of inflation was "likely as low as it gets for some time".

"We anticipate that inflation will trend higher through much of 2026, heading towards 4% by the end of the year."

Chancellor Rachel Reeves is set to reveal further cost of living support for households in anticipation of higher energy prices coming down the road due to the conflict in the Middle East.

On Wednesday, Reeves said said decisions taken in the Budget last year had "kept inflation down as we deal with global instability".

"We have already taken £117 off energy bills, frozen rail fares, and lifted the two-child limit, and over today and tomorrow I'll set out the next phase of how we will support UK households," she added.

Shadow Chancellor Mel Stride said: "Any fall in inflation is welcome, but prices are still rising far too fast and Labour have left our economy weak and exposed to the impacts of the Iran war."

Lindsay James, investment strategist at Quilter said the 7% fall in the energy price cap in April was a positive for consumers, but warned it would "short lived".

James noted the large increase in fuel prices underscored "potential threats that still lurk for consumers and businesses", and the UK should brace for higher inflation.

In a sign of what price rises could come down the line, ONS chief economist Grant Fitzner said the annual cost of "both raw materials and goods leaving factories continued to rise" last month due to higher oil and petrol prices.

Producer input prices – the cost of materials and fuel bought by producers to make goods with – rose by 7.7% in the year to April.

Fitzner said lower water and sewage bills and vehicle tax compared to last year also helped reduced overall inflation.

A slower rate of price increases for food – particularly chocolate and meat products – added to the downward pressure on inflation, he added.

Over the 12 months to April, inflation in food and alcohol drinks fell to 3%, down from 3.7% in the year to March.

But the Food and Drink Federation has warned food price inflation could reach 10% by the end of the year.

Ian Cheetham is the managing director of Set Produce, which provides fresh fruit and vegetables to businesses across the country.

With fuel and energy prices rising, he said it was "inevitable that food prices will go up".

"We can absorb some costs going up but with fuel prices as they are and transportation being a big part of the business it can be hard to absorb it all," he said.

The Bank of England's job is to keep inflation at 2%. To do so, it can lift or lower interest rates in a bid to change how households and businesses use their money.

When inflation is above its target, it typically puts rates up. This can encourage people to spend less, which helps reduce demands for goods and services and limits price rises.

However, much of the current inflationary pressures in the economy have come from things outside the UK – higher oil prices due to the war in Iran has led to higher fuel prices – so higher interest rates could have a smaller effect on rising prices.

KPMG's Selfin said she did not expect the Bank to raise interest rates next month, saying its committee will "likely to wait for clearer evidence of a renewed pickup in domestic inflation".

With additional reporting from Hannah Mullane

📰 மூல செய்தி (Source): https://www.bbc.com/news/articles/c4g0e0p4p2go?at_medium=RSS&at_campaign=rss

முக்கியச் செய்திகள்

The Papers: 'Violence in Belfast' and Trump's 'war words'

Published

on

Many of the front pages carry a freeze-frame from the graphic video of Monday night's attack in Belfast.

The Guardian leads on the disorder in the city, saying the violence erupted after what it calls "agitators", including Tommy Robinson and Elon Musk, exhorted people to take to the streets.

The Daily Telegraph says a WhatsApp message that was "forwarded many times" predicted a "mad day in Belfast" and urged men aged 18 and over to "wear dark clothing" and "be prepared to fight or be arrested". The i Paper highlights pleas from the police for calm, and says there are fears of further disorder across the UK.

Many of the papers focus on the suspect, who police have said is a Sudanese refugee.

The Daily Mail says Britain has a "gaping back door", raising "grave questions". The Mail's leader column urges the government to face up to what the paper calls "the migrant threat".

The Times believes there will be "renewed scrutiny" of the Common Travel Area, which allows for the free movement of people between the UK and Ireland after police said they believed the suspect had travelled from Dublin to Belfast by bus, before claiming asylum.

The Daily Express praises those who sought to intervene in the stabbing, calling them "the very best of humanity". The Daily Mirror reports that a fundraising campaign has begun to buy a pint for the man who arrived at the scene with a hurling stick. Matt McKiernan is quoted in the Sun saying "instinct took over" and "most people" would have done the same.

And the Daily Telegraph interprets comments by Rachel Reeves at a conference yesterday as a signal that in order to pay for higher defence spending, taxes will need to rise. The chancellor is said to have told an investors' gathering that "despite the pain of higher taxes, better to do that than get into a situation where we were before, with interest rates climbing".

The Times reports that Prime Minister Sir Keir Starmer is preparing to announce the extra defence funding as soon as this week, with discussions going down to the wire.

Sign up for our morning newsletter and get BBC News in your inbox.

📰 மூல செய்தி (Source): https://www.bbc.com/news/articles/c982ddx2zkgo?at_medium=RSS&at_campaign=rss

Continue Reading

முக்கியச் செய்திகள்

Illegal mini-marts to shut for up to 12 months under law change prompted by BBC

Published

on

Illegal mini-marts, barbers and vape shops could be shut for up to a year under new powers announced by the government, following lengthy investigative reporting by BBC News into organised crime on British high streets.

We have exposed drug gangs, child sexual exploitation, money laundering and immigration crime linked to shops selling illegal cigarettes, vapes and drugs.

As the law stands in England and Wales, authorities can only close a shop for three months, with an option to extend closure to six months using anti-social behaviour legislation. The government's planned change will double the potential closure time.

Making the announcement, Home Secretary Shabana Mahmood praised the BBC's reporting, saying that people felt high streets were being taken over by "organised crime [and] immigration criminality". The government was "not prepared to tolerate it", she said.

This type of criminality "makes people lose faith, not just in their local area but in democracy, in what our country is, and we can't let that happen", she added.

The Home Office says the extended closures will give investigators more time to gather evidence, pursue prosecutions and identify business owners, while preventing rogue operators from simply reopening and resuming illegal activity.

The news has been welcomed by Trading Standards officers, who have repeatedly told us they lack the necessary powers to tackle the problem.

"Closure orders are a key enforcement tool… for tackling 'dodgy shops'" says John Herriman, chief executive of the Chartered Trading Standards Institute (CTSI).

There is "almost universal support" from his profession for the new measures, he adds.

Other Trading Standards officers told us it would become less financially viable for unscrupulous business owners to simply sit out closure orders, and it would force landlords to pay more attention to who they are renting to.

For nine months, we have repeatedly asked the home secretary for an interview to discuss what we had found.

Last week, we were invited to join Mahmood on police raids of mini-marts on Soho Road in the Handsworth area of Birmingham – a high street bordering her own constituency.

At one shop, police and Trading Standards officers found illegal cigarettes and snuff (finely ground tobacco). A shopworker was arrested after a makeshift weapon – a plank with a nail – was found under the counter.

The shopworker, who said he was a student from Afghanistan, admitted that he thought selling illegal cigarettes was wrong.

When asked why he was selling them, he replied: "Perhaps you should ask the manager, he's the owner." However, the owner was not about, he said.

Soho Road has recently been the focus of Operation Fearless, a West Midlands Police initiative to tackle street-level crime.

"In all the areas I've worked in… it's by far the worst here," one of the officers involved, PC Victoria Gaunt, told us.

She said police had found shops selling prescription drugs, cocaine, heroin and cannabis. "You name it, you can probably buy it," she told us, and added that she would not feel safe in the area if she was not wearing her uniform and stab vest.

She also said she had seen "people walking around with machetes, chasing people" and witnessed "a huge increase in prostitution and exploitation of girls".

A BBC undercover reporter also visited about a dozen businesses on Soho Road and found counterfeit packs of cigarettes on sale for as little as £3. The average cost of a genuine pack is between £16.50 and £19.50.

Shopworkers also told the reporter there was open drug dealing on the street.

The home secretary told us she understood public feeling and said she and her family were also frustrated at seeing "people who are getting away with breaking our laws, getting away with open criminality".

Over the course of 14 months, BBC News has exposed the shocking reality of organised crime taking over high streets in England and Wales.

We joined the National Crime Agency (NCA) last year as it raided barbers, mini-marts and vape shops, after reports they were being used for money laundering and illegal working.

In the following months, we were shown shops with secret underground tunnels supplying sacks of illegal cigarettes, we exposed asylum seekers buying and selling shops for cash, and exposed a Kurdish organised-crime gang operating the length of Great Britain.

In March this year, we revealed how a senior council worker had repeatedly shared with local authorities reports of children as young as 11 being sexually abused in mini-marts.

Most recently, we went undercover to report how cocaine, cannabis, laughing gas and prescription pills were being offered on a West Midlands street described as "lawless" by an anonymous law enforcement source.

The home secretary said late last year that the BBC's evidence, gathered up until then, proved "the system was broken" and announced an "urgent" investigation led by the NCA, Immigration Enforcement, HMRC and police forces from across England and Wales.

Last month, the government announced a new £30m High Street organised crime unit which it said would deliver new police and Trading Standards officers, tax raids and a crackdown on illegal working.

Asked if the government's intervention was too little, too late, Mahmood told the BBC she believed the latest measures represented a "game-changing national crackdown".

The Home Office says the new extended closure orders should become law by the end of this year, after it lays secondary legislation. The new powers will then come into force in early 2027.

The government says it will be briefing authorities in Northern Ireland and Scotland of the changes to closure orders in England and Wales, as they have different enforcement legislation in place for shutting shops.

Additional reporting: Steve Fildes and Phill Edwards

📰 மூல செய்தி (Source): https://www.bbc.com/news/articles/cqj1rkqqrgro?at_medium=RSS&at_campaign=rss

Continue Reading

முக்கியச் செய்திகள்

Alleged Bondi Beach gunman charged with another 19 offences

Published

on

The man accused of killing fifteen people in an attack on a Jewish festival at Sydney's Bondi Beach in December has been charged with 19 additional offences.

Naveed Akram was already facing 59 charges after the shooting including 15 counts of murder, 40 counts of attempted murder, and one count of committing a terrorist act.

According to court records seen by the BBC, new charges were filed in April but have only now been confirmed by authorities.

The fresh charges are 10 counts of "shoot at with intent to murder", six counts of discharging a firearm with intent to resist arrest, and three counts of causing wounding or grievous bodily harm with intent to murder.

Akram, 24, has made a series of short court appearances but is yet to enter a plea to the charges. He is due back in court in August.

On Wednesday, prosecutors told the court that investigators from the Joint Counter Terrorism Team were "progressing" steadily through the evidence.

It includes 230,000 CCTV images as well as content on several devices belonging to people with alleged links to Akram which need to be translated, prosecutors said.

Outside court, Akram's lawyer Leonie Gittani told the media that the extra charges were not a surprise to her client.

"He was sort of aware of it on the last occasion, but [in] a matter of this magnitude, it's not unusual for additional charges to be laid," she said, according to the national broadcaster ABC.

"It's a process now that we've got to follow."

Asked about the CCTV images, Gittani said: "It's an unprecedented matter and so… there's a lot to come. We've got a job to do, and that's what we intend to do".

Akram's father Sajid Akram, 50 – who was also armed and shot at the crowd on Bondi Beach – was killed by police at the scene of the shooting on 14 December 2025.

The younger Akram was critically injured by police and later transferred from hospital to prison.

Court documents released in late December alleged that the two shooters "meticulously" planned the attack on Bondi Beach for months and visited the location for reconnaissance two days prior.

One video – taken on one of their mobile phones in October – was described as showing the men sitting in front of an image of an Islamic State group (IS) flag.

They could be heard making statements about their motivations for the attack and condemning "the acts of 'Zionists'", police said.

Police said separate footage from October showed the father and son "conducting firearms training in a countryside location", believed to be in New South Wales.

They were seen "firing shotguns and moving in a tactical manner", officials added.

In April, Akram lost a court bid to suppress the identity of his immediate family due to safety concerns.

The attack was Australia's worst mass shooting in almost three decades and prompted sweeping gun law reforms and a crackdown on hate speech.

It led to a royal commission into antisemitism in Australia. which began public hearings in February.

📰 மூல செய்தி (Source): https://www.bbc.com/news/articles/ckg0l7g7n9no?at_medium=RSS&at_campaign=rss

Continue Reading

Trending

Copyright © 2024 by 7Tamil Media, All rights reserved.