Economic update: Unexpected resilience as conflict continues
GDP has continued to grow slowly despite the conflict in the Middle East, but inflation rose in July as its effects filtered through to household energy prices.
GDP has continued to grow slowly despite the conflict in the Middle East, but inflation rose in July as its effects filtered through to household energy prices.
Andy Burnham has announced several policies to help people with the cost of living, with average prices having risen 30% since 2021.
The Bank of England has held UK interest rates at 3.75% for the fourth month in a row following continued concerns about inflation.
Economic updates,Research Briefing
Inflation fell to 2.8% in April 2026, but experts expect it to increase to 3.5% by the end of the year.
Economic updates,Research Briefing
Economic effects of the US/Israeli conflict with Iran are emerging for UK consumers and businesses. However, flexible supply chains may cushion price pressures.
Economic updates,Research Briefing
The Israel/US–Iran conflict has disrupted oil and gas in the Middle East. Consequent price rises may lead to higher inflation and lower GDP growth in the UK.
Economic updates,Research Briefing
On 3 March, the Office for Budget Responsibility will update its forecasts for growth, inflation, unemployment and more.
Economic updates,Research Briefing
The Bank of England left interest rates unchanged at 5.25%. Falling inflation and low economic growth might mean interest rates will not need to increase further.