Bank of England expected to leave interest rates on hold as oil and gas prices surge; UK pay growth hits five-year low– business live
Source: US news | The Guardian · Bias: Center Left
Summary
Rolling coverage of the latest economic and financial newsUK wage growth slows sharply as unemployment holds steadyFed holds interest rates steady as Iran war drives up oil prices and inflation fearsMiddle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes QatarThis chart shows how UK gas prices have surged over 170p a therm today, as the Iran war has caused prices to more than double since late February.That jump is likely to drive up household energy bills this summer, unless the Middle East conflict deescalates. Continue reading...
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