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UK inflation hits 3.3% as Iran war drives energy costs higher

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The cost of living in the UK accelerated throughout March, propelled by a significant increase in petrol and diesel prices following the outbreak of the Iran war.


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According to the Office for National Statistics, the annual consumer price inflation rate moved to 3.3% from 3% the previous month, a shift that matched the forecasts.

This inflationary pressure is largely attributed to an 8.7% monthly jump in motor fuel costs, which represents the sharpest rise seen since the summer of 2022, following Russia’s full-scale invasion of Ukraine.

Beyond the petrol stations, the fallout from higher energy prices has trickled down into airfares and food supplies, complicating the economic landscape for the government and the Bank of England.

UK Treasury chief Rachel Reeves noted that while the conflict is not a domestic one, it is directly pushing up bills for families and businesses across Britain.

Lindsay James, an investment strategist at Quilter, observed that “this morning’s inflation data showed CPI creeping back up to 3.3%, confirming that price pressures are re-accelerating rather than fading away since the outbreak of the war in Iran.”

While international markets have shown some signs of recovery in equity prices, the physical market for oil delivery into Europe remains under immense strain.

Experts suggest that a swift reopening of the Strait of Hormuz is the only viable path to unwinding the current inflationary trend, yet the situation remains volatile and unpredictable.

The Bank of England’s policy dilemma

The timing of this inflation surge is particularly problematic because it coincides with a period of cooling in the domestic economy.

Recent data from the labour market indicates that payrolled employment is falling and economic inactivity is on the rise, while wage growth has started to ease.

For the average British worker, the combination of rising essential costs and stagnating earnings growth creates a challenging environment for real purchasing power.

As for the Bank of England, this sudden spike in prices has disrupted the projected path of beginning to lower borrowing costs this spring.

Prior to the escalation of the Iran war, there was a growing consensus that the central bank would reduce its main interest rate from 3.75% as inflation appeared to be heading back toward the official 2% target.

However, with inflation now expected to potentially hit 4% in the coming months, the Monetary Policy Committee faces a much more difficult decision during its meeting next week.

There is a growing debate among economists regarding whether traditional interest rate hikes are the correct tool to address this specific crisis.

According to James “a rise in rates risks misdiagnosing the problem. This inflationary pulse is being driven by supply disruption, not excess demand. Higher interest rates will do nothing to increase the flow of oil or other goods from the Middle East.”

This sentiment suggests that the Bank of England may choose to maintain its current stance, keeping rates on hold while monitoring whether these price increases begin to manifest in higher wage demands across the broader economy.

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March retail sales jump on higher gas prices, Commerce Department says

April 21 (UPI) — Retail sales rose by 1.7% in March mostly due to high gas prices from the ongoing conflict with Iran, the Commerce Department announced Tuesday.

It was the fastest monthly change in three years, according to a release.

In February, sales rose 0.7%.

Retail sales are seasonally adjusted but not for inflation. In March inflation rose by 0.9%, which was three times the February rate, according to the latest Consumer Price Index.

The war between the United States, Israel and Iran has caused gas prices to spike. The Strait of Hormuz, a critical transportation route for oil, has been closed to most traffic throughout the fighting. It has dramatically affected the price of gas in the United States and abroad.

Gas station sales jumped in March by 15.5% from February. Without gas station sales, retail rose 0.6% in March, which was at 0.7% in February.

Some categories were stronger. Furniture and home furnishing sales were up 2.2% in March.

Electronics and building materials held up well, too.

Gary Schlossberg, global strategist at Wells Fargo Investment Institute, said in commentary to investors on Tuesday: “Pressure on household budgets is being cushioned, for now, by sizable increases in tax refunds tied to last year’s legislation.”

Consumers adjusted their spending in other areas. Apparel sales were flat, and restaurant sales rose only 0.1%.

Gas prices likely caused that, said Dan North, Allianz Trade senior economist for North America.

“Gasoline is a thing you love to hate, because you have to buy it; there’s really no substitute,” North told CNN in an interview.

Eventually, consumers will deplete savings and tax refunds, and for lower-income Americans, it could be a struggle, North said.

“If we can wind this up, so to speak, in the next few months, the damage to the consumer and economy might not be so bad,” North said. “If you start stretching it out for months and months and toward the end of the year, then consumers and the rest of the economy get in trouble.”

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Riot police push back protesters demanding higher wages in Venezuela | US-Venezuela Tensions

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Police pushed back protesters in Venezuela’s capital as they demanded an increase to the minimum wage of 130 bolivars ($0.27) per month. Earlier this week, Venezuela’s interim president, Delcy Rodriguez, promised ‘a responsible increase’ in salaries by May 1, but didn’t disclose the amount.

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Foreign Office alert for 13 countries as study shows ‘higher odds of becoming a case’ – full list

Serious food poisoning cases for UK tourists at popular travel hotspots revealed

All UK travellers and tourists planning a trip abroad have been issued a warning by health officials after a new study showed high levels of food poisoning hitting some popular resourts. A study from Cambridge University found 13 destinations in particular having higher odds of people contracting serious food poisoning such as Shigellosis, Salmonellosis, and Giardiasis.

The Foreign Office-backed Travel Health Pro website this week issued an alert warning people to take precautions, especially when travelling to popular destinations outside the EU – although some hotspots there were flagged up in the report too.

Travel Health Pro said: “All UK travellers and tourists planning a trip abroad are reminded to follow good food and water hygiene advice. This study shows that visiting countries outside of the EU, and to high-risk areas which had low water, sanitation and hygiene scores, increases the risk of infections that can cause stomach upset, like diarrhoea or vomiting.

Between 1 July and 15 October 2023, a rise in stomach bugs was reported in travellers returning to England from popular holiday destinations, including Egypt, Mexico, Tunisia and Turkey. Many of these travellers stayed in all-inclusive tourist resorts. The study also suggests the true number of infections is likely to be higher, as it only counted cases diagnosed in travellers after they returned home.”

Destinations where high levels of food poisoning were detected in UK tourists are:

  • Egypt
  • Mexico
  • Tunisia
  • Turkey
  • Jamaica
  • Dominican Republic
  • Cape Verde
  • Morocco
  • India
  • Pakistan
  • Thailand,
  • Greece
  • Spain

The study said: ”Thirteen destinations were associated with higher odds of becoming a case, of which the highest odds were reported for Egypt, Mexico, Tunisia, and Turkey, with the odds of illness in travellers to Egypt 23 times higher than those visiting France.

READ MORE: UK tourists return with virus that ‘makes you ill for 3 years’ from 25 holiday hotspots – full listREAD MORE: Spain hotspot ‘doubles’ charge for UK travellers from today

“For those travelling to low-risk destinations, eating undercooked meat or fish, eating meat or fish purchased from local restaurants and airports, drinking purified water, and swallowing water from environmental water sources (rivers, lakes, sea, and swimming pools) were all found to be associated with higher odds of illness. In high-risk destinations, eating foods consumed on trips or excursions, swallowing water from environmental sources, drinking fruit juice or smoothies, and eating foods from hotel buffets were all associated with higher odds of being a case.”

Travel health pro this week urged people to take these steps:

  • Practice good food and water hygiene at all times, even in high-end, all-inclusive resorts.
  • Wash your hands often, including before eating or preparing food, after using the toilet, after changing nappies and before and after sex.
  • Eat recently prepared food that is fully cooked and served piping hot.
  • Where there is no clean water supply, drink only bottled or boiled tap water (this includes brushing your teeth).
  • Always avoid ice in your drinks.
  • Avoid fresh fruit that you have not peeled yourself and salads not washed with bottled or boiled water.
  • Avoid swallowing water from ponds, lakes and untreated swimming pools.

If you become ill abroad:

  • Drink plenty of ‘safe’ fluids, such as bottled water, or tap water that has been boiled and cooled, and use oral rehydration solutions so that you do not become dehydrated.
  • Get early medical advice if you are at greater risk of complications from gastrointestinal infections, this includes babies/young children, older adults, pregnant women and people who are immunosuppressed or have ongoing health conditions.
  • Seek medical help if symptoms (such as diarrhoea and vomiting) last more than a few days or are not improving.
  • Wash contaminated clothes or bedding on a hot wash and clean toilets, taps and door handles regularly.
  • Avoid using swimming pools if you have a stomach bug. Take children on regular toilet breaks and check nappies often. If you have been told you have cryptosporidium do not use a swimming pool for 2 weeks after your diarrhoea has stopped.

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Oil prices rise higher as Iran denies US talks, dimming deescalation hopes | US-Israel war on Iran News

Brent crude tops $104 a barrel as hopes fade for deescalation in US-Israel war on Iran.

Oil prices have climbed higher amid fading hopes of deescalation in the Iran war following Tehran’s denial that talks with the United States are under way.

Futures for Brent crude, the international benchmark, rose nearly 2 percent on Thursday to top $104 per barrel after Tehran dismissed reports of direct negotiations with US President Donald Trump’s administration.

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The rise comes after oil prices eased on Wednesday following reports that Trump had shared a 15-point plan for ending the war with Iran.

Asian stock markets opened lower on Thursday, with Japan’s Nikkei 225, South Korea’s KOSPI and Hong Kong’s Hang Seng Index all seeing losses.

Iranian Foreign Minister Abbas Araghchi said in an interview with state media aired on Wednesday that Tehran was not engaged in direct talks with Washington and has “no intention of negotiating for now”.

White House Press Secretary Karoline Leavitt warned on Wednesday that Iran would be “hit harder” than ever before if Tehran did not accept military defeat.

Iran’s effective closure of the Strait of Hormuz, a conduit for one-fifth of global oil supplies, and its attacks on energy facilities across the Middle East have prompted a surge in energy prices worldwide.

Oil prices are up more than 40 percent compared with before the US and Israel launched strikes on Iran on February 28, prompting numerous countries to implement fuel rationing and other energy conservation measures.

Market-watchers say prices are likely to rise further until shipping is free to traverse the strait, despite efforts by countries to bolster supply by tapping emergency stockpiles in coordination with the International Energy Agency.

While Tehran has repeatedly claimed that the strait is open to ships that are not aligned with its enemies, daily transits have all but collapsed since the start of the conflict.

Four vessels were tracked transiting the waterway via their automatic identification systems on Tuesday, down from an average of 120 daily transits before the conflict, according to maritime intelligence firm Windward.

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Ruling party backs higher nuclear output amid energy concerns

A view of South Korea’s first commercial nuclear reactor, Kori-1, in the southeastern port city of Busan. YONHAP / EPA

March 17 (Asia Today) — This commentary is the Asia Today Editor’s Op-Ed.

South Korea’s ruling Democratic Party and the government have decided to raise the operating rates of nuclear and coal-fired power plants to respond to rising oil prices triggered by the war in the Middle East, a move critics say marks a late reversal of the party’s long-standing opposition to nuclear energy.

Ahn Do-geol, secretary of the party’s economic task force on the Middle East crisis, said Monday the government will expand electricity generation from nuclear and coal plants to manage supplies of liquefied natural gas, or LNG, which has relatively limited reserves.

Under the plan, the government will lift a cap limiting coal-fired power generation to 80% of installed capacity and accelerate repairs on six nuclear reactors currently under maintenance. Two reactors are expected to return to service by the end of this month and four more by May, raising nuclear utilization rates from the current high-60% range to about 80%.

The decision signals a clear shift for the Democratic Party, which long supported a phase-out of nuclear energy.

Former President Moon Jae-in formally declared a nuclear phase-out policy in 2017, pledging to abandon nuclear-centered electricity generation after attending a ceremony marking the permanent shutdown of the Kori Unit 1 reactor.

At the time, Moon argued South Korea should move toward a nuclear-free era and halted or scrapped most plans to build new nuclear plants.

The party’s stance began to soften after the outbreak of the Russia-Ukraine war in 2022, which triggered global energy supply disruptions. Near the end of his presidency, Moon said nuclear power would need to remain a major baseload energy source for decades and called for delayed reactors including Shin Hanul Units 1 and 2 and Shin Kori Units 5 and 6 to begin operations as soon as possible.

The latest shift reflects renewed energy concerns linked to instability in the Middle East, which has pushed oil prices higher.

Supporters of nuclear power argue it remains a critical energy source despite safety risks highlighted by past disasters such as the Fukushima accident in Japan.

Opponents warn that nuclear accidents can cause catastrophic damage, pointing to the Zaporizhzhia nuclear plant in Ukraine, which has faced repeated safety concerns amid the ongoing war.

However, critics of the phase-out policy argue that abandoning nuclear energy without reliable alternatives risks creating energy shortages.

South Korea currently has only about nine days’ worth of LNG reserves, raising concerns about energy security during geopolitical crises.

Supporters of the policy shift say governments must adjust energy strategies as global conditions change but argue that long-term policies on energy and food security should be developed with careful planning rather than reactive decisions.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260316010004672

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Forgotten Charlie Dimmock TV shows that fans rated higher than Ground Force

Gardening expert Charlie Dimmock has presented numerous TV shows beyond Ground Force and Garden Rescue and fans rated them highly

Fans of gardening expert Charlie Dimmock could be excused for not exploring much beyond Ground Force and Garden Rescue.

With over 150 episodes of Garden Rescue available to watch and 97 instalments of the ’90s favourite Ground Force, there’s no shortage of content. However, throughout her career, she’s created numerous other gardening programmes that slipped beneath most people’s notice.

One such programme is Charlie’s Garden Army, which aired in 1999 and 2000 across 12 episodes. The series featured Charlie alongside volunteer teams transforming derelate wasteland into beautiful public gardens.

She subsequently secured a presenting position on 2002’s The Joy of Gardening and 2001’s Charlie’s Gardening Neighbours, reports the Express.

In 2005, Charlie featured at the Hampton Court Palace Flower Show as a television presenter, and she’s also participated in coverage of the Chelsea Flower Show throughout the years.

Judging purely by IMDb ratings, though, several programmes actually surpass Ground Force in terms of viewer scores.

Ground Force’s typical rating stands at 7.2 stars out of 10 – but it’s eclipsed by Garden Rescue at 7.9 stars, and the Great British Garden Revival with an identical rating.

Charlie inadvertently fell into a television career whilst employed at a garden centre, and during the ’90s, she maintained that she “wasn’t famous” and didn’t perceive herself as a TV personality.

Reflecting on her television work in a 1999 interview with The Guardian, Charlie remarked: “In some ways, the television stuff isn’t unsatisfying, it’s very interesting.

“But the other day, I was at work [at the garden centre], the first time I’d been there properly for three or four weeks, and I thought, ‘God, this is nice!’

“‘You see people you know, regular customers, and there’s no hassle. You fall out of bed, go to work, potter around. It’s all right, really.'”

Garden Rescue is on BBC One and BBC iPlayer

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