Lloyds takes £151m hit from Iran war as it forecasts rise in UK unemployment Bank expects its base case for GDP growth to be 0.5% this year, lower than IMF’s 0.8% prediction for Britain The Guardian - UK · Apr 29
What experts say the 1.8m people who need a new mortgage deal this year should do now Tracker deals are attracting more attention once more The Independent UK · Apr 29
Iran War Shock Leaves UK Policymakers Trapped Between Inflation and Recession Risks The UK economy is threatened by a £35bn loss due to rising energy prices from the Iran conflict, risking recession and high inflation, warns NIESR. International Business Times UK · Apr 29
UK economy set for £35bn hit from Middle East energy crisis, think tank says The National Institute of Economic and Social Research said the UK could enter a recession this year if the crisis is particularly protracted. Evening Standard · Apr 28
Paddington Bear and Sir David Attenborough among public’s banknote design ideas Sir Winston Churchill, who currently features on the £5 note, was the fourth most commonly suggested idea.. Evening Standard · Apr 27
Starmer to chair Cobra meeting on economic impact of Iran war The Prime Minister will convene the emergency committee with representatives from the Bank of England. Evening Standard · Apr 27
Paddington and Attenborough revealed as public’s top banknote designs after ‘woke’ criticism The Bank of England is set to replace historical figures on its next series of banknotes The Independent UK · Apr 26
Blue chips close lower amid US-Iran stalemate For the week, the FTSE 100 fell 2.7%, the FTSE 250 also declined 2.7% and the AIM All-Share dipped 1.7%. Evening Standard · Apr 24
Bank Of England Warns Of Looming Global Stock Market Correction Despite Wartime Rally Markets are hitting record highs even as war and financial system vulnerabilities raise concerns about a sudden reversal. International Business Times · Apr 24
ECB interest rate dilemma: Eurozone growth stalls as Iran war fuels inflation The European Central Bank faces heightened uncertainty ahead of next week’s rate decision, with President Christine Lagarde warning the "stop-start nature" of the Iran war is making the economic outlook harder to assess. Euronews · Apr 24
Bank of England set to hold interest rates despite Iran war pushing up inflation Economists have however suggested that continued inflationary pressure could lead to a rate hike in the summer. Evening Standard · Apr 24
Bank of England expert predicts global stock market fall and questions ‘are we prepared?’ The FTSE 100 is up more than 24 per cent across the last year – nearly six times the rate of some of the best cash returns in that time The Independent UK · Apr 24
Stock markets will fall, Bank of England deputy governor says Sarah Breeden predicts ‘adjustment’ due to elevated risk including private credit and highly valued AI stocks The Guardian - UK · Apr 24
Evening Standard · Apr 24 Food inflation may jump to 7% as energy prices rise, firms tell Bank of England Bank officials also found that the conflict in the Middle East has ‘eroded’ confidence that the economy will improve.
The Guardian - UK · Apr 24 Oil hits highest level since US-Iran ceasefire began, as conflict hurts Gulf crude production – as it happened Brent crude hits highest level since the US and Iran first agreed a ceasefire in early April
The Guardian - UK · Apr 23 UK braces for price rises driven by Iran war as economic confidence plummets Consumer confidence hit its lowest level since October 2023 this month, with surveys showing the cost pressures companies are facing
The Independent UK · Apr 22 What rising inflation rate means for your money The Iran war has sent inflation higher again and interest rates could yet follow
Euronews · Apr 22 UK inflation hits 3.3% as Iran war drives energy costs higher British consumer prices rose at a faster pace in March, reaching 3.3% as the ongoing Iran war sent fuel prices soaring. The data has forced markets to reassess expectations for the Bank of England, with a previously anticipated interest rate cut next week now looking very unlikely.
The Independent UK · Apr 22 UK inflation rises in March as prices at the pump spike higher after Iran war Inflation in the U.K. climbed in March, driven by a sharp rise in fuel prices following the Iran war
Evening Standard · Apr 22 Trump's Iran war causes sharp UK inflation rise as headline rate jumps to 3.3% Inflation jumped from 3% in February to 3.3% in March
Evening Standard · Apr 21 UK inflation set to rise after Middle East conflict pushed up fuel prices Consumer Price Index (CPI) inflation is expected to have risen to 3.3% in March, according to a consensus of experts.
The Independent UK · Apr 21 Economist highlights controversial way Bank of England can ease inflation IN FULL
The Independent UK · Apr 21 Bank of England should increase interest rates to head off inflation, warns top economist Expert warns that rising energy costs could take inflation to 4.5 per cent this year
The Guardian - UK · Apr 21 UK unemployment shows surprise fall to 4.9% as pay growth drops to lowest in five years Bank of England expected to keep interest rates on hold as Iran war casts shadow over labour market