Prime Minister Keir Starmer calls an emergency COBR meeting to address the economic fallout from the Iran conflict, with soaring oil prices and potential energy crisis threatening households.
UK government borrowing costs are experiencing their worst month since Liz Truss's mini-Budget, with short-term gilt yields rising over 1.1% amid Middle East tensions and shifting interest rate expectations.
As oil prices surge amid Iran-US tensions, Prime Minister Keir Starmer calls emergency COBR meeting to address cost-of-living impacts and potential energy crisis.
The Institute for Fiscal Studies warns that surging energy prices could create a £20bn shortfall in government spending plans, driven by inflation, debt servicing, and public sector pay pressures.
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The economic fallout from the Iran war, dubbed 'Trumpflation,' is set to raise costs for UK households this summer, impacting mortgages, energy, fuel, food, and holidays.
UK government borrowing costs have surged to their highest level since the 2008 financial crisis, with yields reaching 4.933% as markets anticipate up to three interest rate rises in 2026.
UK government borrowing costs have surged to their highest level since 2008, with 10-year gilt yields reaching 4.927% as traders anticipate inflation spikes from energy price shocks, creating fiscal challenges for Chancellor Rachel Reeves.
UK government borrowing costs have surged to their highest level since the 2008 financial crisis, driven by market fears over public finances amid a global price shock. The ten-year gilt yield exceeded 4.9%, increasing debt costs and shrinking Chancellor
British households face rising inflation and interest rates due to surging oil and gas prices from the Iran conflict, with economists predicting significant economic strain.
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The war in Iran drives oil and gas prices up, pushing inflation forecasts to 5% and prompting expectations of three interest rate hikes in 2026, impacting mortgages and consumer costs.
The Bank of England has kept interest rates at 3.75% and signaled potential future increases as the Iran conflict threatens to drive UK inflation above 3% this year, impacting household energy bills.
City traders predict the Bank of England will raise interest rates twice in 2024 to combat inflation driven by Middle East crisis effects, with hikes to 4% by June and 4.35% by September.
UK government borrowing costs hit a one-year high after the Bank of England unanimously held interest rates at 3.75%, with markets now pricing in potential rate hikes due to Middle East conflict-driven inflation concerns.
The Bank of England's Monetary Policy Committee unanimously held interest rates at 3.75% while dropping guidance for future cuts. Governor Andrew Bailey warned the Iran conflict could push energy prices higher, potentially requiring rate hikes later this
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The Bank of England is expected to pause interest rate cuts today as policymakers adopt a 'defensible strategy' due to inflationary risks from the Middle East conflict and oil price spikes.
Economists argue interest rate hikes are ineffective against supply-side inflation from the US-Israel war on Iran, advocating for price controls and public ownership instead.
A comprehensive guide to all money changes in April 2026, including council tax hikes, water bill increases, broadband price rises, and benefit boosts affecting households across the UK.
Public borrowing historically funded UK infrastructure and recovery, but rising debt now covers daily spending, creating a perfect storm with high interest rates and intergenerational burdens.
Shadow Chancellor Rachel Reeves outlines plans to allow regions to retain more tax revenues, aiming to boost local economies and reduce inequality in a key Mais lecture.
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Sir Keir Starmer's energy bailout promise amid rising bills due to the Iran war could add to the UK's debt, already at 100% of GDP from past crises, with repayment costs rivaling the education budget.
Speculation about unfunded government intervention to subsidize household energy bills has raised alarms among bond investors, who warn it could trigger a gilt market rout and push UK borrowing costs to their highest levels since 1997.
The Albanese Labor government is considering changes to the 50% capital gains tax discount, sparking debate over its effects on housing affordability and the economy. Analysis shows it benefits wealthy investors disproportionately.
Treasurer Jim Chalmers signals significant changes to the capital gains tax discount following a parliamentary inquiry that found it fuels housing inequality. The reforms could reshape Australia's property investment landscape.
UK gilt yields climb to 4.736%, increasing government borrowing costs while boosting annuity income for retirees. Experts explain the dual impact on public finances and pension pots.
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Chancellor Rachel Reeves delivers the Mais Lecture today, outlining plans for economic growth through AI investment and EU relations, amid stagnant GDP figures.
British nationals returning from the UAE due to safety concerns over Iran conflict may encounter unexpected capital gains tax liabilities under UK temporary non-residency rules.
New research reveals widespread confusion about pension tax relief rates, with nearly 90% of Brits unaware of their personal benefits as the tax year end looms, risking significant retirement savings.
A new report from the Institute of Economic Affairs calls for abolishing inheritance tax, warning it makes the UK a high-tax outlier and stifles economic growth.
Economists predict the Bank of England will maintain interest rates at 3.75% due to inflationary pressures from the Middle East conflict, with President Trump rejecting a deal with Iran.
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The Department for Work and Pensions confirms a 4.8% State Pension increase from April 6, 2026, under the triple lock mechanism, boosting incomes for millions of older Britons.
