Money
Bank of England raises rates to 4% as Middle East conflict drives inflation
The Bank of England has raised interest rates for the first time in over three years, citing rising inflation driven by the conflict in the Middle East.
uk-economy
Tag
Money
Bank of England to raise rates to 4% for first time in three years
Analysts expect the Bank of England to lift the base rate to 4% amid rising fuel costs, impacting millions of borrowers.
Money
UK businesses in record distress ahead of Budget
Over 738,000 UK businesses in significant financial distress, the highest level since 2004, as the chancellor prepares his first Budget amid rising costs and…
Money
Healey cuts tariffs on marmalade and gherkins to ease cost-of-living pressure
Chancellor John Healey unveils tariff cuts on 100+ products, including marmalade and gherkins, to ease cost-of-living pressure [1].
Money
Single mum: 'I spend £40 a week on food'
As Chancellor John Healey prepares his first Budget, UK citizens share their financial struggles and demands for change [1].
Money
UK inflation hits 3.5% as diesel tops £2 a litre
UK inflation rose to 3.5% in September, driven by soaring fuel costs and Middle East conflict, raising pressure on the Bank of England.
Money
UK profit warnings hit 2-year high as Budget chaos looms
UK-listed firms issued 65 profit warnings in Q3 — the highest since 2024 — as policy shifts and war-driven costs bite [1]
Money
Healey to Hit Banks with £2.25bn Tax Hike in Tough October Budget
Chancellor John Healey poised to reverse bank tax cuts, raising £2.25bn annually amid soaring borrowing costs from Middle East conflict [1]
Money
UK Economy Surges 0.1% in August Despite Spending Drop
UK economy grows 0.1% in August despite falling consumer spending, boosting hopes ahead of chancellor’s 28 October budget [1]
Money
Poundland in rescue talks as thousands of jobs hang in balance
Poundland is in urgent talks with potential buyers after its US owners began seeking a rescue deal, with thousands of jobs at risk [1].
Money
UK growth beats forecasts, but inflation hits harder than expected
IMF predicts stronger UK growth this year, but households face steeper inflation than previously thought [1].
Money
IFS warns Healey's Budget at risk from global conflicts
Global conflicts are pushing UK inflation higher, threatening Chancellor Healey’s Budget plans and forcing tough fiscal choices.
