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THE TRUTH ABOUT: 6 | History Defined

Energy Bills Rocket by £221 as UK Inflation Hits 2.9% in Fresh Blow for Millions of Households

UK inflation rose to 2.9% in July, driven by increased energy bills due to global tensions. The Bank of England maintains interest rates, while government measures aim to ease household pressures.

International Business Times UK · Aug 19

Bank of England Faces Inflation Above 3%. Economists Predict No Rate Change in 2026.

Nearly 90% of economists surveyed expect the Bank of England to hold its benchmark Bank Rate at 3.75% through the end of the year.

International Business Times · Aug 19

UK Retail Slump Deepens: Why Shoppers Are Still Holding Back Despite Easing Inflation

Despite easing inflation, UK retailers face challenges as consumer confidence remains low. Shoppers prioritise essentials, impacting economic growth and retail sales, with spending patterns shaped by ongoing economic uncertainty.

International Business Times UK · Aug 19

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Soaring energy prices see inflation rise to highest level since March

The rise in energy bills has driven a sharp increase in inflation, moving further away from the Bank of England’s target

The Independent UK · Aug 19

Energy price cap hike set to send July inflation surging

Most experts are forecasting that CPI inflation will rise to 2.9% in July, up from 2.6% in June.

Evening Standard · Aug 18

Which type of savings account is best for me?

Fixed-term, easy access, ISAs and regular savers - they can all have a place in your plan

The Independent UK · Aug 18

Venezuela seeks return of 31 tonnes of gold worth €4bn from Bank of England

After two weeks of US-brokered talks, Venezuela's government and opposition agreed to jointly seek $4bn in gold held by the Bank of England since 2018, to fund reconstruction after June's earthquakes.

Euronews · Aug 17

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Interest rate dilemma for central banks as inflation rises but growth slows

The Federal Reserve, the ECB and the Bank of England appear unclear on how to tackle inflation amid the Iran war

The Guardian - UK · Aug 16

What impact will July’s energy price hike have on UK inflation figures?

Many experts are forecasting that Consumer Prices Index inflation will rise back up to 2.9% in July, from 2.6% in June.

Evening Standard · Aug 16

New UK cost of living crisis looms with soaring energy bills forecast to lift inflation

Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout

The Guardian - UK · Aug 16

Venezuela's interim govt, opposition wrap first round of post-Maduro talks

Venezuela's interim government and members of opposition parties ended their first round of talks Wednesday with agreements to reform the Supreme Tribunal of Justice and seek access to the country's frozen reserves in order to finance recovery from June's devastating earthquakes.

France 24 · Aug 13

Nvidia links with Wall Street firms for $500bn AI financing deal

Apollo, BlackRock, Goldman Sachs and KKR among those working with chipmaker to fund infrastructure

The Guardian - UK · Aug 11

An insider once in charge of failing banks lifts the lid on banking

Harrison Young has had a long and distinguished international career in banking and finance. He started in senior executive roles in major United States banks, then became a US financial regulator, with responsibility for the resolution of failing banks. He was also a director of the Commonwealth Bank of Australia…

The Conversation · Aug 6

Scott Bessent is using moves from his hedge fund days to prop up Japan's yen—and America's $40 trillion national debt

The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past two generations wouldn't.”

Fortune · Aug 4

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The Economic Times · Aug 3

Global Market: UK growth at risk as EY flags inflation surge from Hormuz disruption

According to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, before growing 1.2% in 2027 under its base-case scenario.

The Economic Times · Aug 2

Count-counterpoint: MPC's external members must have the courage to dissent, disagreement drives course correction

The Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. The committee must balance inflation concerns with the need to support economic growth. External factors are largely blamed for India's current economic challenges. The RBI's actions and communication are crucial for market stability. Greater dissent…

The Economic Times · Aug 2

Charting the Global Economy: Central banks hold the line

Global central banks maintained interest rates this week due to rising energy costs. The Federal Reserve and Bank of England saw some officials push for hikes. Inflation accelerated in Germany and France, impacting consumer prices while Japan lowered its economic growth forecast amid higher oil prices.

The Economic Times · Jul 31

Global Market: BoE outlines inflation, growth paths under three economic scenarios after holding rates

The Bank of England kept its benchmark interest rate unchanged at 3.75% and outlined three economic scenarios for the UK, with its central forecast projecting inflation to fall below the 2% target over the medium term as economic growth gradually strengthens.

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The Independent UK · Jul 30

Why the Bank of England kept interest rates the same and what could happen next

Despite the central bank's primary tool for combating inflation being interest rate hikes, the committee chose to maintain the current level

Evening Standard · Jul 30

FTSE 100’s early promise fades as Bank of England holds rates

The FTSE 100 Index closed down 11.14 points at 10,897.27.

Evening Standard · Jul 30

Why have interest rates stayed the same and what could happen next?

The Bank of England decided to keep rates unchanged at 3.75%, the fifth meeting in a row where rates have been held at this level.

Evening Standard · Jul 30

Interest rates held at 3.75% but Bank prepared to raise them if Iran war goes on

The Bank of England indicated that interest rates could be hiked in response to further re-escalation of the US-Israel’s conflict with Iran.

Evening Standard · Jul 30

Borrowers not set for lower mortgage rates ‘any time soon’, warns expert

More than 30 lenders have hiked rates in recent weeks amid renewed inflation fears caused by the Iran war, according to Moneyfacts.

The Economic Times · Jul 30

Bank of England policymakers keep rates on hold but more back hike

The Bank of England decided to keep its benchmark interest rate steady at 3.75 percent. However, three policymakers have pushed for a possible hike amid rising tensions in the Middle East. With inflation expected to touch 3.2 percent later this year, projections indicate that rates will stay above target until…

The Economic Times · Jul 30

UK bond yields and sterling dip after BoE holds rates steady

In a move consistent with expectations, the Bank of England has kept interest rates steady at 3.75 percent. They noted domestic conditions are helping to alleviate inflationary pressures. Following this update, there were minor decreases in UK bond yields and the pound. Inflation is anticipated to climb to 3.2 percent…

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