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33 resultsfor “current UK inflation rate”

Business

Lloyds takes £151m hit from Iran war as it forecasts rise in UK unemployment

currently at more than $114 a barrel – is pushing up inflation, with an expectation that the rate will hit 3.9% by the end of this year. UK

The Guardian WorldApr 29
Business

Lower gas and electricity bills behind UK inflation fall to 2.8%

inflation is above its target, it typically puts rates up. This can encourage people to spend less, which helps reduce demands for goods and services and limits price rises. However, much of the current inflationary

BBC NewsMay 20
Politics

Are parties being upfront about Scotland's finances?

rate of inflation. Watchdogs and think tanks alike have warned that whoever becomes Scotland's finance secretary will be faced with a series of challenges. Both the Institute for Fiscal Studies (IFS) and the Fraser

BBC NewsApr 23
Business

'I don't want the children to see how worried we are': UK family finances hit by Iran war

UK inflation, as measured by the consumer prices index (CPI), [rose to 3.3% in the year to March](https://www.bbc.co.uk/news/live/cre1rwz3019t?post=asset%3A6ad659e3-fa67-447e-92cd-2c1d12e3d310#post) - up from 3% in the 12 months to February - after the Iran war caused

BBC NewsApr 27
World

Shrinking graduate premium sours views on value of a university education, UK poll shows

inflation interest rates charged on these loans has also prompted questions about whether the burden on graduates is too great. “There’s no getting away from the fact that it’s a challenging labour market

The Guardian WorldJun 2
Business

UK long-term borrowing costs reach 28-year high

UK government borrowing [fell to a three-year low](https://www.bbc.co.uk/news/articles/ckge5291152o) for the year to March, dropping to £132bn, but analysts expect borrowing to worsen through the year if inflation picks

BBC NewsMay 5
Business

UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns

currently anticipated, which would risk plunging the economy into a recession in the second half of this year. A barrel of Brent crude oil was trading at $111 on Tuesday. Calling this “severe but plausible

The Guardian WorldApr 28
Business

UK borrowing costs hit highest for 18 years as uncertainty over PM continues

inflation and lead to interest rate hikes. But the possibility of a [change of leadership in the UK](https://www.bbc.co.uk/news/live/c1e2n923v1lt) and perceived risk of looser public spending has further unsettled investors. The UK

BBC NewsMay 12
Politics

Cut UK speed limits to reduce Iran war impact on consumers, thinktank urges

UK, to consider lowering road speeds and limiting when cars can drive as part of a number of Covid-style emergency measures in response to the Middle East conflict. The researchers estimated that the Treasury

The Guardian WorldMay 7
Business

Mortgages, bills and jobs: Five takeaways from the Bank of England meeting

inflation topping 6% early next year, as many as six rate rises could be on the way, which could take the Bank's base rate to 5.5%. Any rise in rates would increase the cost

BBC NewsApr 30
Politics

First Thing: Xi warns Trump of ‘clashes and even conflicts’ with US over Taiwan

currently at 3.75% – even as inflation jumped to [3.8%](https://www.theguardian.com/business/2026/may/12/us-inflation-april-iran-war) in April and war in the Middle East continues. Warsh has echoed Trump’s calls to lower rates but must convince the other

The Guardian WorldMay 14
Politics

‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again

UK’s national debt stands at almost 100% of GDP – the highest level since the 1960s. Meanwhile, with the rise in interest rates worldwide amid the inflation pressures unleashed after the Covid pandemic, the Russian

The Guardian WorldMay 14
Politics

UK minister defends changes to student loans as pressure grows for reforms

UK government to [reform the student loans system](https://www.theguardian.com/money/2026/feb/25/ministers-explore-easing-burden-student-loans-university-graduates) but the chief secretary to the Treasury, Lucy Rigby, told MPs on Wednesday that less than half of young people go to university

The Guardian WorldJun 10
Business

What is happening to UK prices?

UK. The inflation rate for countries using the euro was 3.0% in April, [according to EU data](https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Inflation_in_the_euro_area) — up from 2.6% in March. Between June 2024 and June 2025, the European Central Bank

BBC NewsMay 20
Politics

Andy Burnham’s change in tack on fiscal rules and bond markets is understandable

current fiscal rules](https://www.itv.com/news/2026-05-17/burnham-seeks-to-reassure-markets-but-keeps-room-to-bend-the-rules) and would have a plan to get debt down. By their nature, the rules – self imposed limits on borrowing and debt – are a straitjacket worn by successive administrations

The Guardian WorldMay 18
Business

UK house price growth forecast halved as Iran war fallout hits housing market

inflation expectations, prompting markets to reassess the path for interest rates – a shift that has already pushed up borrowing costs for many buyers. “This understandably leads to more caution among some households, with the cost

The Guardian WorldMay 8
Business

UK consumers likely to face higher prices ‘for many months to come’

UK companies, with the impact already filtering through to prices paid at the tills, according to fresh inflation figures. Retailers have responded by launching promotions to tempt bargain hunters but businesses said it was getting

The Guardian WorldMay 26
Politics

Faisal Islam: Burnham seeks to calm markets by committing to fiscal rules

UK to stick to the fiscal rules which continue to shrink government borrowing faster than other major economies. The main fiscal rules limit how much the government can borrow to fund day-to-day public

BBC NewsMay 18
Politics

Thursday briefing: ​Why the US president is losing support from crucial allies

inflation figures reveal the impact of the Iran War on prices in the UK](https://i.guim.co.uk/img/media/85c3fd87fb4e9d094c2d9e63d7cceb330937e325/650_0_5615_4492/master/5615.jpg?width=445&dpr=1&s=none&crop=none) Donald Trump’s war on Iran is having a big impact on prices globally. Photograph: Kirsty Wigglesworth/AP Donald

The Guardian WorldApr 23
Business

UK braces for price rises driven by Iran war as economic confidence plummets

current strain reflects earlier domestic cost increases. How long can all this disruption and pain continue?” In a sign of the inflationary pressures building in Britain as the war rattles energy markets and disrupts global

The Guardian WorldApr 23
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