Petrol prices have risen sharply since the start of the US-Iran conflict, with drivers now paying around 10p more per litre than at the beginning of the war, according to
Petrol stations deny ‘inflammatory’ price gouging allegations
Petrol station operators have pushed back against accusations of profiteering after ministers criticised rising fuel prices.
Oil price spike fuels bets on rising interest rates
The Bank of England may be forced to raise interest rates later this year as surging oil prices raise fears of a renewed inflation shock.
Petrol prices set to hit 140p a litre within days, analysts warn
Oil prices have surged past $100 per barrel for the first time since the outbreak of the Ukraine conflict, driven by escalating tensions in the Middle East following US-Israeli military
BoE keeps rates on hold at 3.75% after narrow 5–4 decision
Oh wow indeed — that is a really close call from the Bank of England.
Bank of England cuts rates as UK economy stagnates
The Bank of England has cut interest rates in response to mounting signs of a prolonged slowdown in the labour market.
BoE ‘too slow’ on rate cuts as inflation retreats
The Bank of England risks falling behind the curve on interest rate cuts and may be forced to “play catch-up” next year if it delays action as inflation continues to
Easing inflation clears path for Bank of England rate cut
UK inflation fell by more than expected in November, strengthening the case for the Bank of England to cut interest rates this week, according to official data.
O2 risks customer exodus amid backlash over ‘unfair’ price hikes
O2 is facing the prospect of losing more than two million customers after unexpectedly raising monthly mobile bills by £2.50, according to new data from consumer group Which?.
Goldman Sachs warns of £30bn tax rise in Reeves’ Budget plans
Rachel Reeves is expected to raise taxes by around £30bn as she prepares to lift the two-child benefit cap, according to new forecasts from Goldman Sachs.
FTSE 100 closes higher as tech rebound lifts global markets
London stocks finished firmly higher on Wednesday, recovering from earlier losses as a rebound in technology shares and stronger-than-expected U.S. employment data boosted investor sentiment.
FTSE 100 set to open lower as global markets retreat
The FTSE 100 is expected to open sharply lower on Tuesday, with futures indicating a 40-point drop, as global equity markets extend their cautious tone.