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The UK is bracing for a potential third inflationary shock in less than a decade as the conflict between Iran and the US threatens to disrupt oil supplies. The Strait of Hormuz, a critical waterway for global oil supplies, is at risk of being blocked, which could lead to a significant increase in oil prices. The impact of such a disruption would be felt globally, with Asia being particularly affected as it buys 80% of the oil transported through the strait. Countries in the region are already experiencing the effects, with governments imposing limits on driving and shortening working weeks to conserve energy. Populations are struggling with dramatic hikes in food prices and shortages of petrol and diesel. In Bangladesh, the government reportedly believes it will run out of oil and gas within weeks. To conserve fuel, some temples in Thailand have stopped cremations. The energy-supply storm may well hit the UK's shores just before next month's elections, prompting Keir Starmer to call Cobra meetings and Rachel Reeves to summon business leaders into Downing Street. The poorest households will be hit hardest by the inflationary shock, with food producers predicting prices will rocket nearly 10% this year. According to calculations done exclusively for this column by the Energy and Climate Intelligence Unit (ECIU), that will add £127 to the average household's annual food bill. However, the ECIU also notes that because the poorest spend proportionately more of their money on food, they will be hit far worse. The author suggests that the UK needs to adopt a more progressive approach to utility pricing, with a move away from fossil fuels and from the current system of ownership. The days of relying on a growth miracle are over, and the UK needs to focus on addressing the inequality and regressive utility pricing that will exacerbate the impact of the inflationary shock.

The UK has been identified as the most vulnerable country in Europe to potential jet fuel shortages as the Iran war disrupts supplies from the Gulf, according to Ryanair CEO Michael O'Leary. O'Leary stated that Britain's reliance on Kuwait for approximately 25% of its jet fuel supply makes it particularly exposed to shortages. He emphasized that even if there is a surplus of jet fuel in the Middle East, the logistics of shipping it to Europe remain uncertain.Jet fuel prices have surged, averaging $195 a barrel last week, more than double the average from the previous year. This increase is largely attributed to the effective closure of the Strait of Hormuz, a critical passage through which over a fifth of the world's oil normally passes.While oil prices eased slightly after US President Donald Trump expressed hope for an end to the Iran war within two to three weeks, the situation remains precarious for airlines. Ryanair has hedged 80% of its fuel costs until next March at $67 a barrel, but O'Leary highlighted that supply disruptions, rather than prices, pose the greater risk.The airline industry faces potential flight cancellations and capacity reductions if fuel supply issues persist. O'Leary also mentioned that higher fares could be a possibility, although there are currently no plans to increase prices. Additionally, he called for the UK government to abolish air passenger duty (APD), a tax that recently increased, further impacting the competitiveness of UK air travel.

Manchester United Women saw their Women's Champions League campaign end in the quarter‑finals after Bayern Munich scored two late goals to win 5‑3 on aggregate.The English side led for the first 70 minutes, thanks to Melvine Malard’s opener. However, Bayern’s relentless pressure produced a Glódís Viggósdóttir header and a Linda Dallmann half‑volley, sealing a comeback that left United stunned.United’s manager Marc Skinner lamented the impact of injuries, noting that eight first‑team players were unavailable. “If we had those players, I honestly think we could have gone through tonight,” he said, emphasizing the need for a squad with greater experience and depth.Skinner’s remarks came on the same day the Football Association disclosed that six WSL clubs spent more on agent fees than United in the year to February 2026, while United’s wage bill was reported to be only half that of Arsenal. The manager added, “We need to design the squad with that depth of experience in order to reach that stage… we’ll learn what investment is really needed.”Despite a spirited first half—United dominated possession, created several chances and kept the aggregate level at 3‑3—fatigue set in. Skinner observed, “Bayern rested seven players at the weekend, and it showed in the second half. Freshness was the key difference.”The defeat means United must finish in the top three of the Women’s Super League to qualify for next season’s Champions League. Currently fourth, they face challenging away fixtures against Tottenham and Chelsea, making their qualification hopes uncertain.

Alisha Joyce stepped back onto the rugby field in March, just 123 days after delivering her son, and a week later secured a place in Wales’ squad for the upcoming Women’s Six Nations. The 28‑year‑old described the selection as a surprise, but welcomed the chance to inspire the next generation of players.Joyce is the first Welsh international to tap into the new performance maternity programme, a policy designed to support athletes through pregnancy and return to elite competition. She shares her newborn, Ralphie, with her wife and teammate Jasmine Joyce, and has logged only 30 minutes of senior rugby since her comeback, coming off the bench for Brython Thunder.Wales head coach Sean Lynn delivered the call‑up unexpectedly. Joyce said she hopes to contribute her experience to a squad that includes nine uncapped players, acknowledging her new role as one of the senior members and a mentor for younger teammates.Having missed last year’s Six Nations and World Cup due to pregnancy, Joyce now brings her son to the training camp, describing the first four‑and‑a‑half months of parenthood as “incredible” and a source of motivation.Sleep deprivation posed a major challenge, especially given the importance of recovery in elite sport. Joyce noted that after the initial three months of erratic nights, Ralphie’s routine has settled, allowing her to focus more on training and performance.She cited teammate Abbie Ward—the first England player to have a baby while under a professional contract—as a key influence in deciding to continue her career after motherhood. Joyce reflected on the broader dilemma many athletes face: balancing the desire for a family with the timing of major tournaments and potential Lions selection.Both Joyce and Jasmine underwent IVF, a process that required careful planning and preparation. Joyce called the decision to pursue parenthood “one of the best” they’ve made, emphasizing how quickly life can change when a child is involved.Looking ahead, Joyce aims to earn playing time in the Six Nations, which kicks off against Scotland on 11 April, and has set her sights on the inaugural women’s British & Irish Lions tour in 2027. She hopes her journey shows young girls that they can excel in sport while being mothers, and she remains determined to return to top form.

Vice President JD Vance revealed that he will publish a new memoir titled "Communion: Finding My Way Back to Faith", scheduled for release on June 16 by HarperCollins. The work is billed as a spiritual chronicle of his journey back to Christianity after converting to Catholicism in 2019 at age 35.In a post on X, Vance described the project as a long‑standing effort that “captures my personal journey and how I found my way back to faith.” The publisher adds that the book will explore how his renewed belief guides his public‑service decisions and shapes his vision for the future.The announcement comes at a time when Vance is increasingly seen as an early frontrunner for the 2028 Republican presidential nomination. Political analysts note that releasing a memoir before a presidential run follows a well‑trodden path in U.S. politics, mirroring recent book launches by potential Democratic contenders such as Kamala Harris and Gavin Newsom.Vance’s emphasis on faith reflects a growing religious dimension to his political identity. His Catholic conversion has informed his positions on abortion, family policy, and immigration, where he has invoked the concept of ordo amoris (“order of love”) to justify prioritising citizens’ interests over non‑citizens. This stance has drawn criticism from senior Vatican figures, including a pre‑May‑2025 X account linked to Pope Leo XIV that challenged the White House’s deportation plans.Even the late Pope Francis, without naming Vance, warned in a 2025 letter that true ordo amoris should emulate the “Good Samaritan” parable, urging a love that embraces all people without exception."Communion" follows the massive success of Vance’s first bestseller, Hillbilly Elegy. The 2016 memoir spent over 200 weeks on the New York Times bestseller list and sold more than five million copies worldwide, later inspiring a Ron Howard‑directed film starring Glenn Close and Amy Adams.

Palantir’s claim that opposition to its NHS contract is driven by ideology was rebuked by Chi Onwurah, the Labour MP who chairs Parliament’s science, innovation and technology select committee. Onwurah said it is appropriate for ministers to explore a break‑clause option in the deal, underscoring the seriousness of the concerns raised. Louis Mosley, Palantir’s UK executive vice‑chair, had urged the government not to succumb to “ideologically motivated campaigners” as officials weighed a way out of a £330 million contract to deliver the Federated Data Platform (FDP) for NHS England. Ministers have now asked for advice on triggering the contract’s break clause amid growing scrutiny of Palantir’s expanding role in the public sector. The FDP is an AI‑enabled platform designed to integrate disparate health information across the NHS. Palantir already holds contracts with the Ministry of Defence, several police forces and the UK’s financial watchdog, the FCA. Onwurah’s cross‑party committee is set to publish its report in the coming weeks, covering the digital reorganisation of government services and the role of AI after a series of hearings that included experts, NHS leaders and representatives from companies such as Palantir. She identified three core issues: the manner in which the contract was awarded, the handling of patient data and the resulting trust deficit within the NHS, and the involvement of Peter Mandelson through his firm Global Counsel. “These are not fringe ideological concerns,” Onwurah told the Guardian. “They relate to contract transparency, vendor lock‑in, value for money and data security – matters that should concern everyone pushing the NHS towards digital transformation.” She added that the NHS’s post‑COVID fatigue and austerity‑driven burnout make any additional trust‑related resentment a significant barrier to progress. Onwurah noted that Palantir secured the contract after providing services to the NHS at a nominal cost – a tactic often used by large tech firms to position themselves as the most attractive government supplier. “It is right for the government to explore all options, including breaking the contract, given ongoing concerns about FDP uptake while Palantir remains at the helm,” she said. Liberal Democrat MP Martin Wrigley, also on the committee, urged the government to commission a new consortium of UK‑based tech experts to build a home‑grown NHS platform. During a previous committee appearance, Mosley accused British doctors of placing “ideology over patient interest” after they challenged the data‑processing contract. Speaking to the Times, Mosley warned that removing Palantir could jeopardise patient care and stall solutions to the NHS’s biggest challenges, arguing that the campaign against the firm would do more harm than good.

America faces an unprecedented concentration of wealth: the richest 1% now control more assets than the bottom 93% of households, and a single individual, Elon Musk, with a net worth of $805 billion, holds more wealth than the lower‑half of the population combined.Recent tax policies have amplified this gap. In the year following the largest tax cut in U.S. history, 938 billionaires added $1.5 trillion to their fortunes, while President Trump and his family saw a modest increase of $4 billion. Four Wall Street giants—BlackRock, Vanguard, Fidelity and State Street—own stakes in more than 95 % of publicly traded companies, cementing corporate dominance across the economy.Political influence mirrors financial power: by the 2026 midterms, just 50 billionaires had poured over $433 million into campaign activities, shaping policy to protect their interests.Meanwhile, the average American worker is earning roughly $20 per week less than in 1973 after inflation adjustment, despite decades of productivity gains. The Rand Corporation estimates that $79 trillion has shifted from the bottom 90 % to the top 1 % over the past half‑century.Economic hardship is widespread: 60 % of households live paycheck to paycheck, nearly half of older workers lack retirement savings, and over 20 % of seniors survive on less than $15,000 annually. Health‑care insecurity affects 85 million Americans, with more than 500,000 filing for bankruptcy each year due to medical debt.At the heart of the problem is a tax code engineered by the affluent. Billionaires now pay lower effective rates than typical workers. For example, Musk’s tax rate sits below 3.3 % compared with an 8.4 % rate for a truck driver; Jeff Bezos paid under 1 % versus 8.7 % for a firefighter; Michael Bloomberg’s rate was 1.3 % against 13.3 % for a registered nurse; and Warren Buffett’s rate was a mere 0.1 % while a schoolteacher paid nearly 10 %.Corporate tax avoidance compounds the issue. After a $900 billion corporate tax break, major firms such as Tesla, SpaceX, Palantir, Ticketmaster and the parent of Taco Bell, Pizza Hut and KFC reported zero federal income tax despite generating over $17 billion in profit.Public sentiment is shifting. In California, voters favor a billionaire tax by a two‑to‑one margin, and in New York City, 62 % back a 2 % surtax on the ultra‑wealthy. Nationwide, more than six in ten Americans believe the wealthy and large corporations pay too little.In response, Senator Sanders introduced legislation to impose a 5 % wealth tax on the 938 billionaires whose combined net worth exceeds $8.2 trillion. Over a decade, the measure would generate roughly $4.4 trillion.The first‑year rollout would deliver a $3,000 direct payment to every household earning $150,000 or less—equating to $12,000 for a typical family of four. Additional provisions include constructing 7 million affordable housing units, expanding Medicare to cover dental, vision and hearing, providing universal childcare, raising the minimum teacher salary to $60,000, and guaranteeing Medicaid‑funded home health care for seniors and people with disabilities.Crucially, the plan would reverse recent health‑care cuts that stripped coverage from 15 million Americans, ensuring no additional loss of insurance.Even if the tax were applied retroactively, the impact on the ultra‑rich would be modest relative to their fortunes: Elon Musk would owe an extra $42 billion, Mark Zuckerberg an additional $11 billion, and Jeff Bezos another $11 billion—figures that would barely dent their net worths.As Justice Louis Brandeis warned in 1933, “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we cannot have both.” Senator Sanders argues the choice is clear: a democratic economy that serves the many, not a plutocratic system that serves the 1 %.The wealthiest Americans must begin contributing their fair share.

The UK's food inflation is expected to soar to 9% this year, even if the strait of Hormuz opens within the next few weeks, according to the Food and Drink Federation. This represents a significant increase from their previous forecast of 3.2% made before the Middle East conflict.The industry is facing unprecedented cost pressures due to the Iran war, which is driving up energy prices. Dr. Liliana Danila, chief economist at the FDF, stated that the current situation is unprecedented and hard to predict, and that food inflation is likely to rise in the coming months.The 9% forecast assumes that the strait of Hormuz, a key shipping channel, will reopen to cargo traffic within the next two to three weeks, and that most large energy facilities will return to normal within a year. The chancellor, Rachel Reeves, is set to meet with the bosses of the UK's biggest supermarkets to discuss the potential impact on the cost of living and possible supply squeezes.Some food companies, such as Princes, have already raised their prices in response to the cost pressures. UK farmers and producers have warned that without government help with surging energy bills, there could be shortages of domestic produce such as tomatoes, cucumbers, and peppers.The British Tomato Growers' Association is campaigning for the government to classify food producers as energy intensive users, which would help reduce their energy bills. If no support is provided, businesses may fail, according to Simon Conway, chair of the BTGA.

British tennis star Emma Raducanu has withdrawn from next week’s Linz Open as she continues to recover from an illness she contracted in early February. This development comes on the heels of her previous withdrawal from the Miami Open as she deals with post-viral symptoms.Raducanu, the 2021 US Open champion, has also opted out of Great Britain’s Billie Jean King Cup qualifier against Australia. Her last competitive appearance was in the third round at Indian Wells on March 8, where she suffered a 6-1, 6-1 defeat to Amanda Anisimova. Raducanu attributed her lackluster performance to a lack of power and acknowledged the need to regain her aggressive gameplay.Following her split from coach Francisco Roig in January, Raducanu has been working informally with Mark Petchey. Her next potential appearance is expected at the Madrid Open, which begins on April 21.