Bank of England Interest Rate Decision: 2026 Outlook
The Bank of England's Monetary Policy Committee faces uncertainty over interest rates in 2026 due to the war in Iran, with potential impacts on inflation and economic growth.
Category : Economy
Oil Prices Surge to $114 After Trump Threatens Iran Gas Field
Brent crude oil prices have surged over 13% in a week, reaching $114, following Iranian attacks on Qatar's Ras Laffan gas field and Donald Trump's retaliatory threat against Iran's South Pars gas field.
BOE to Hold Rates at 3.75% Amid Iran War Inflation Fears
The Bank of England is expected to keep interest rates at 3.75% on Thursday as the Iran conflict and soaring energy prices threaten to push UK inflation higher, economists warn.
Trumpflation Returns: Global Price Surges from Conflict
The economic term Trumpflation has re-emerged with renewed force, describing how geopolitical tensions under Donald Trump's influence are driving inflation worldwide through oil price shocks and supply chain disruptions.
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IRS Covid Refund Deadline Nears for Millions of Taxpayers
A federal court ruling could entitle millions to IRS refunds for pandemic-era penalties, but claims must be filed by July 2026. Experts warn time is running out.
Poll: Half of Americans Fear Economic Collapse in 10 Years
A new YouGov survey shows 42% of Americans believe a total economic collapse is likely in the next decade, with heightened anxiety among Democrats and concerns over the Iran war's impact.
BOE Holds Rates at 3.75% as Iran War Clouds Inflation Outlook
The Bank of England is expected to keep interest rates unchanged at 3.75% on Thursday, with economists citing concerns over inflation due to soaring energy prices from the Iran conflict.
State Pension Age Rise: How Birth Dates Affect Retirement
The state pension age is increasing from 66 to 67 starting in April, with a phased rollout affecting specific birth dates. Ministers debate the £10 billion savings and impact on retirement plans.
HMRC 2026 Tax Code Warning for UK Taxpayers
HMRC urges millions to verify their tax codes via its official app to avoid overpaying or underpaying income tax, which could lead to unexpected bills or reduced take-home pay.
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Starmer's £2.5bn Steel Plan to Protect UK Jobs and Economy
Prime Minister Keir Starmer announces a £2.5 billion investment in British steel, new tariffs against illegal dumping, and rules to prioritise UK steel in infrastructure projects to safeguard jobs and national security.
Treasurer Chalmers' Budget Plan Sparks Inflation Debate
Treasurer Jim Chalmers prepares to announce substantial savings in the May Budget while facing accusations that government spending has fueled inflation. Opposition claims speech represents a major concession on economic policy.
Vance: Gas Price Surge Temporary Amid Iran Conflict
JD Vance claims rising U.S. gas prices from the Iran war are a temporary blip but warns consumers face a rough road ahead, with diesel hitting $5 a gallon.
Fed Holds Rates Steady, Powell Vows to Stay Through DOJ Probe
The Federal Reserve left interest rates unchanged, forecasting one rate cut in 2026 despite inflation concerns from the Iran war. Chair Jerome Powell pledged to remain through a DOJ investigation.
Trump Waives Jones Act to Ease Oil Crisis Amid Iran War
The Trump administration has suspended the Jones Act for 60 days to allow foreign ships to transport oil between US ports, aiming to curb soaring gas prices linked to Iran conflict disruptions.
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Five Tax Changes from April 6 Affecting Millions in the UK
From Making Tax Digital to Inheritance Tax adjustments, discover the five major tax reforms starting April 6, 2026, that will affect millions of individuals and businesses across the UK.
Bank of England Urged to Reject Rate Hikes in Inflation Crisis
Economists argue that interest rate hikes are ineffective against supply-side inflation from the US-Israel war on Iran, advocating for price controls and public ownership instead.
US Spends $11.3bn in First Week of Iran War
The US spent $11.3bn on the first week of its military assault on Iran, a sum that exceeds the annual budgets of key public health and science agencies like the EPA and National Cancer Institute.
HMRC: 'Don't Wait' to Get Your National Insurance Number
HM Revenue and Customs issues an urgent alert, advising workers to download its app to retrieve and safeguard their National Insurance number for tax and benefit purposes.
Egypt's Economic Crisis Deepens as Iran War Sends Prices Soaring
Egyptian families face severe hardship as rising energy costs from the Iran conflict force fuel price hikes, triggering inflation and threatening economic stability during Ramadan.
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Uniform Tax Rebate: Claim Hundreds Before April Deadline
MoneySavingExpert reveals workers can reclaim hundreds in tax for uniform maintenance costs. Deadline for backdated claims is April 5, 2026.
Australia's Economy Faces Years-Long Hit from Middle East War
Government modelling predicts Australia's GDP could be 0.6% lower by 2027 due to the Middle East conflict, with inflation risks and potential recession warnings from the Reserve Bank.
Trumpflation Crisis: Iran War Costs UK Households £1,600
Experts warn Donald Trump's Iran conflict could add at least £1,600 to annual UK household bills through energy, fuel, and mortgage price surges, with millions facing renewed financial strain.
Fed May Signal No Rate Cuts This Year Amid Iran War
Federal Reserve Chair Jerome Powell is expected to hold interest rates steady, with projections potentially showing no cuts in 2026 due to rising inflation from the Iran conflict.
Trump Tariffs Hurt US Manufacturers Instead of Helping
New evidence reveals President Trump's tariffs are crushing American manufacturers, leading to job losses and higher costs, contrary to their intended purpose of boosting domestic industry.
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Charity Donations Fall as Trust Wanes and Costs Rise
BBC Radio 1's Greg James hits halfway in 1,000km Comic Relief ride, but charities face a £1.4bn drop in donations, driven by rising living costs and eroding public trust.
Democrats Push Windfall Tax on Fossil Fuel Firms in Iran War
US Democrats propose a windfall tax on fossil fuel companies to fund domestic energy initiatives, citing high profits during the Iran conflict. The plan aims to reduce reliance on foreign oil and boost renewable energy investments.
RBA's Split Decision on Rate Hike Amid Inflation Concerns
The Reserve Bank of Australia's interest rate hike was a split decision, with Governor Michele Bullock clarifying petrol prices were not the reason, as economists debate the impact on households and businesses.
Rachel Reeves Proposes Regional Tax Revenue Plans
Shadow Chancellor Rachel Reeves outlines plans for regional and national tax revenue reforms in her Mais Lecture, aiming to boost local economies and address fiscal imbalances.
New Zealand Economy Faces Global Oil Price Shock Impact
New Zealand's economy is preparing for significant challenges as global oil price shocks threaten to disrupt trade, inflation, and energy sectors, with experts warning of potential market volatility.
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Albanese Calls for Fuel Shortage Resilience Amid Iran War Risks
Prime Minister Anthony Albanese convenes National Cabinet to address potential fuel shortages from Iran conflict, focusing on economic resilience and self-reliance strategies.
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