Oil prices fall for a sixth day in their longest losing streak in over a year, as Saudi Arabia reportedly restarts its east-west pipeline and amid hopes for progress in US-Iran talks The outlook for the UK economy has brightened, according to the Paris-based OECD, with inflation lower than expected while new government support measures are likely to boost growth. The think tank has significantly cut its inflation forecast for this year, from 3.7% to 3.1%, after prices rose less dramatically than expected. Despite unprecedented pressures and conflict in both the Middle East and in Europe, the UK economy is showing strong resilience. We will face these challenges together and we are already giving families space to breathe. We had the fastest growth in the G7 in the first half of the year and we are starting the big, long-term changes needed to create good jobs and growth in every postcode. Continue reading...