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Bank of England

Business ·
Brent crude tops $104 as Hormuz attacks lift oil and bond yields

Brent crude topped $104 on 8 October 2026 as Hormuz tanker attacks and Storm Isaias output cuts pushed bond yields higher and stocks lower.

A crude oil tanker transits the Strait of Hormuz as seen from the Musandam coast of Oman
Finance ·
GB energy bills forecast to rise £276 a year from January

Household energy bills in Great Britain are forecast to rise by £276 a year for a typical home from January, according to analysis by the consultancy…

Homeowner reviewing an energy bill in a dimly lit British kitchen
Business ·
UK Q2 growth revised up to 0.5% as diesel nears £2 a litre

Britain's economy grew by 0.5% in the second quarter of 2026, a bigger expansion than first reported, according to Theguardian. The Office for Nation…

Fuel pump nozzle at a UK petrol station forecourt with a price display board
Business ·
UK pays 5.383% on 10-year gilts, highest since 1999

The UK government paid the highest interest rate since September 1999 on a sale of 10-year debt on Tuesday, when an auction of gilts maturing in 2036…

Traders at desks with bond yield screens on a City of London trading floor during a gilt auction.
Finance ·
UK diesel hits 198.32p as Bailey warns on rates

UK diesel nears record 198.32p a litre as BoE governor Andrew Bailey warns high energy prices make it harder to hold rates; Morgan Stanley now sees h…

Driver holding a diesel pump at a UK filling station forecourt with the price display visible
Business ·
UK diesel nears record as Iran war lifts oil and rate-rise odds

UK diesel hit 198.32p a litre as the Iran war squeezes oil supplies; Bailey says high energy prices make a rate hold harder and Morgan Stanley now se…

Driver filling a car at a UK petrol station forecourt at dusk as diesel prices near a record high