Inflation stays above Bank of England’s target before Iran war March 25, 2026 Inflation in the year to February remained well above the Bank of England’s target rate in the last piece of price data covering the period before war in the Middle East erupted. The Office for National Statistics (ONS) revealed that CPI inflation over the 12 month period was three per cent, staying flat on the [...]
FTSE 100 Live: Stocks soar as Trump claims ‘victory’ in Iran; Economists clash on inflation March 25, 2026 Welcome back to the City AM liveblog. Fresh figures this morning revealed inflation rose three per cent in the year to February 2026, unchanged from the 12 months to January 2026. Grant Fitzner said: “The largest upwards driver was the price of clothing, which rose this month but fell a year ago. “This was offset [...]
Where is London’s cheapest pint? March 25, 2026 Drawn out of the office and into the City’s pubs by the springtime sun, Square Mile workers will face a bitter taste when they pay for their pints. The City of London is one of the 28 London boroughs where the cost of a pint has surged over the past two years, with the price [...]
Rocco Forte: Inheritance tax grab has endangered my family firm March 25, 2026 With luxury outposts across Europe, and plans to expand to the Gulf, Rocco Forte Hotels has become one of Britain’s most successful hospitality exports. But after being hit by a wave of damaging policies – including a potentially existential inheritance tax crackdown – he tells Ali Lyon, he is more disillusioned with Britain now, than [...]
Bank of England chief economist: Interest rates can ‘contain’ inflation March 24, 2026 The chief economist at the Bank of England has said interest rates can “contain” inflation as he vowed to act against the damaging effects of the war in Iran. Huw Pill, a member of the Bank’s Monetary Policy Committee, said he was focused on getting price growth down to two per cent in the medium [...]
UK economy facing ‘pronounced recession’ March 24, 2026 The war in the Middle East is “stalling growth” in the UK economy, fresh data has shown, as economists warned that a “pronounced recession” will come if energy prices stay high. A monthly survey of business activity across the country has suggested that there was a slowdown in output as well as a fall in [...]
Cancel student debt in exchange for first time buyer equity, housebuilders urge government March 24, 2026 Cash-strapped graduates struggling to get on the property ladder should have their debt written off in exchange for giving over a stake of their first home to the government, a new report has urged. The report, backed by more than 50 housing sector bodies including top housebuilders Vistry and Barratt Redrow, proposes offering a discount [...]
Reeves pledges targeted support as she blasts Liz Truss’ £40bn energy bailout March 24, 2026 Chancellor Rachel Reeves hit out at a Tory government-era energy support package that cost around £40bn in a further indication that any Labour scheme would only be for the poorest households. In an address to the House of Commons, Reeves said there were “contingency plans” being drafted for different scenarios where energy prices stay higher [...]
Not just oil: Fertiliser and helium are at risk in the Strait of Hormuz standoff March 24, 2026 Since the start of the Middle Eastern conflict nearly a month ago, analysts have kept their eyes glued to the latest energy market data. On 2 March, Iran declared the Strait of Hormuz, a waterway which is responsible for shipping roughly one fifth of the world’s oil and gas, was “closed” and oil prices have [...]
Mike Lynch estate blocked from appealing HPE damages ruling March 24, 2026 The estate of the late British tech tycoon Mike Lynch has been refused permission to appeal a High Court ruling that found him liable to pay damages to Hewlett Packard Enterprise (HPE) over its acquisition of Autonomy. Lawyers acting for Lynch’s estate had sought to challenge the 2022 judgment, which held Lynch and Autonomy’s former [...]