UK firms report fastest spread of cost pressures on record as inflation fears build again
British companies are seeing cost pressures spread at the fastest pace on record, according to fresh business survey data that has added to concerns over inflation in the UK economy. Reuters reported on 23 April that the latest purchasing managers’ index data showed input-cost growth accelerating
Sainsbury’s warns Iran war could hit shoppers and retailers as costs come back into focus
Sainsbury’s has warned that the conflict involving Iran could put fresh pressure on both customers and retailers, making it one of the more closely watched UK business stories this week. Reuters reported on 23 April that the supermarket expects the crisis to affect consumer spending as well as its
Bank of England expected to hold interest rates through 2026 despite rising inflation risks
The Bank of England is now widely expected to keep interest rates unchanged for the rest of 2026, even as inflation concerns build again. A Reuters poll published on 21 April found that economists expect the Bank to leave Bank Rate at 3.75% at its 30 April meeting and to hold that level through