Writing the summary…
Boss of Beaverbrooks urges government to give businesses ‘a bit of a break’
Source: The Guardian
Original reporting
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CNBC
Treasury yields edge higher amid pressure on global government bonds
Treasury yields edged higher on Monday as investors look ahead to fresh economic data releases this week.
BBC Business
UK diesel price hits all-time high
The average price of a litre of diesel at the pump stands at 198.32p, according to the RAC motoring body.
BBC Business
Tourism tax needs to be more flexible in Wales, warns expert
Anglesey, Conwy and Gwynedd councils have all put a pause on introducing the nightly tourist tax.
The Guardian
UK diesel prices hit record high at 199.18p a litre; housebuilder stocks surge on new homes scheme – business live
Rolling coverage of the latest economic and financial news US and UK government borrowing costs are rising this morning, as Brent crude oil touches $108 a barrel amid uncertainty around the US-Iran war. The yield on the US 10-year treasury is up 5 basis points to 5.23%, while the UK 10-year gilt has followed it up 5 basis points to 5.4%. Even though US-Iran talks could resume this week, there was little sign of a breakthrough over the weekend and bond yields and oil have climbed again this morning. Iran reiterated on Sunday that it would not soften its conditions for reopening the strait of Hormuz, with Foreign Minister Abbas Araghchi insisting that Tehran would not back down from demands including sanctions relief, access to frozen assets and an end to US blockade measures. Meanwhile President Trump said he still expected negotiations to continue but rejected Iran’s latest proposal as i
CNBC2 outlets
Oil prices jump over 4% as Trump rejects Iranian proposal to reopen Strait of Hormuz
Oil prices jumped on Monday after U.S. President Donald Trump rejected an Iranian peace proposal aimed at ending the conflict.
CNBC
Police 'investigate Iran link' to suspected bomb plot at UK air base used by U.S.
U.K. counter-terrorism police are understood to be investigating a potential link with Iran after an alleged bomb threat against an air base hosting U.S. forces