Bank of England predicted to raise interest rates this year September 14, 2026 The Bank of England will raise interest rates to four per cent by the end of the year, a top Wall Street bank has warned. Goldman Sachs has upgraded its interest rate expectations amid concerns that inflation could jump higher than previously expected. The bank said an interest rate hike this year was more likely [...]
Surge in borrowing costs could force Healey to deliver ‘emergency Budget’ September 10, 2026 Surging government bond yields could force John Healey to deliver an “emergency Budget” in which the UK’s new Chancellor drives through a wave of spending cuts in a bid to bear down on Britain’s ballooning debt pile. UK gilt yields have this week surged to the highest rates seen in decades amid rising uncertainty over [...]
Itsu blames inflation and Labour tax hikes as rising costs bite September 9, 2026 Itsu has posted its third consecutive annual loss as the Asian food-to-to chain blamed surging inflation and Labour hikes to employment taxes for its rising costs. The edamame eatery, founded by the grab-and-go tycoon behind Pret a Manger, said the UK’s fast food industry is suffering from fragile consumer confidence and a rising tax burden. [...]
Oil hits $100 a barrel as Iran war escalates September 9, 2026 Oil prices hit $100 per barrel for the first time since July on Wednesday morning as new strikes in the Middle East sparked fresh concerns for global oil supplies. Brent crude – the international benchmark for oil prices – jumped more than two per cent, hitting $100 per barrel after making consistent gains from the [...]
Food inflation set to surge next year as Iran war ramps up supply costs September 9, 2026 Food inflation could top six per cent next year as rising fuel prices triggered by the war in Iran ramp up supply chain costs, a top food industry body has warned. The Food and Drink Federation (FDF), which represents the UK’s food manufacturers, has urged the government to help the industry keep its costs down, [...]
Bailey warns on inflation risks as Iran war roils UK economy September 8, 2026 Bank of England governor Andrew Bailey has warned inflationary pressures are still buffeting the UK economy and energy prices could rise further next year if the war in Iran continues. Speaking to MPs on Tuesday, the Bank chief said inflation risks were “to the upside” and energy prices “could be higher still” due to the [...]
Inflation expectations softer than predicted ahead of interest rate decision September 4, 2026 Firms intend to raise prices over the next year on average at a lower rate than many economists have expected, Bank of England research has shown, easing concerns that the UK economy is heading for a deeper cost of living crisis. The Decision Makers’ Panel, a Bank survey of how far firms plan to raise [...]
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 [...]