Bank of England’s Pill warns against ‘wait and see’ interest rates approach September 3, 2026 The Bank of England’s chief economist has warned that a “wait and see approach” to setting interest rates amid the ongoing Iran war could unleash a fresh wave of inflation that the central bank will find hard to contain if left unchecked. Huw Pill, who has long been one of the most hawkish rate-setters on [...]
Mortgage nightmare as investors price in three interest rate hikes September 2, 2026 Investors have priced in three interest rate hikes over the next two years as a global bond market rout sent UK gilt yields soaring. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing costs and putting the UK’s economic stability under threat. The Bank of [...]
Healey facing £6bn hit as UK borrowing costs reach highest point since financial crisis September 1, 2026 UK borrowing costs have hit their highest level since the financial crisis as gilts were swept up in a mass rout across global bond markets. The UK government is set to pay a higher rate on debt interest as 10-year gilt yields, the benchmark for borrowing costs, were up by as much as 15 basis [...]
Bunzl: Inflation spike lifts FTSE 100 outsourcing firm’s revenue September 1, 2026 Distributor Bunzl saw a boost in its bottom line after the firm was able to pass on inflationary pressures to customers. The FTSE 100 outsourcing group recorded a three per cent rise in revenue to £5.93bn in the first half of the year, bolstered by commodity-driven price adjustments and growth across North American markets. Bunzl’s [...]
Shop price inflation hits two-year high as rising energy costs hit consumers September 1, 2026 Shop price inflation has hit a two-year high and is set to climb through the autumn as a surge in energy and commodity costs filters through to consumers, a top business group has found. The British Retail Consortium (BRC), which represents major supermarkets and high street shops across the UK, warned that shop price inflation [...]
Oil price climbs above $90 as Iran says US diplomacy ‘isn’t possible’ August 31, 2026 The price of oil is creeping higher after the US launched strikes at Iranian rocket launchers that were reportedly preparing to lay mines in the Strait of Hormuz. Brent crude – the international benchmark for oil prices – climbed towards $91 per barrel after strikes from the US marked the first exchange of fire in [...]
Fed chair Kevin Warsh faces Jackson Hole D-Day August 27, 2026 Kevin Warsh has opted for a less-is-more approach when communicating his feelings on interest rates and inflation. Ahead of his first set piece speech as Federal Reserve chair, investors want to hear more, writes Ali Lyon. When Federal Reserve chair Kevin Warsh steps up to the wood-panelled stage at this week’s Jackson Hole symposium, investors [...]
Energy price cap rises to three-year high August 26, 2026 Brits are set for another squeeze from energy bills this winter after watchdog Ofgem confirmed the price cap was set to rise to a three-year high. The regulator said on Wednesday the default tariff for consumers across Britain would increase four per cent to £1,723 for the final quarter of the year. The rise marks [...]
Economists urge Bank of England to halt bond sales as borrowing costs climb August 26, 2026 The Bank of England should abort its costly approach to unwinding quantitative easing, which is stoking the government’s elevated borrowing costs and costing the taxpayer billions of pounds, a group of analysts and bond investors have said. The government’s long-term borrowing costs have risen to levels not seen this century, amid unease at the country’s [...]
Supermarkets ‘actively shielding’ shoppers as food inflation falls again August 19, 2026 Food inflation fell again in July to its lowest level in nearly five years, as retailers claim they are “actively shielding” consumers from worse price rises. The rate of food price inflation slipped to 1.3 per cent last month, down from 1.7 per cent in June, to reach the lowest point since September 2021. Industry [...]