UK Inflation Set to Exceed 2% Target, Potentially Reaching 3% by Year-End Tuesday, March 10, 2026 inflation uk economy energy obr oil gas prices costofliving ofgem The Office for Budget Responsibility (OBR) has issued a warning that UK inflation may surpass the government’s 2% target and approach 3% by the end of 2026. This projection hinges on fluctuations in oil and gas prices, … Read More
Octopus Energy Faces Backlash Over Sudden £75 Exit Fees Amid Energy Price Surge Saturday, March 7, 2026 octopus energy exitfees fixedtariffs gasprices inflation iranconflict customerservice wholesalecosts energycrisis Octopus Energy has come under fire from customers upset by the sudden introduction of exit fees on fixed-rate energy contracts. The fees, which have leapt from £0 to £50 and now £75 within a week, have frustrated many users, … Read More
Three Major UK Banks Raise Mortgage Rates Amid Middle East Crisis Friday, March 6, 2026 mortgages ukbanks interestrates middleeast hsbc nationwide coventry swaprates inflation financialmarkets In response to the escalating crisis in the Middle East, three major UK lenders—HSBC, Nationwide, and Coventry Building Society—have become the first large banks to increase mortgage rates. The ongoing conflict in Iran has … Read More
RAC Warns Diesel Drivers as Long Queues Form Amid Rising Fuel Prices Thursday, March 5, 2026 rac diesel fuelprices uk middleeast queues petrol oil investment inflation The RAC has issued a warning for diesel drivers at UK forecourts as long queues of up to 90 vehicles have formed, driven by concerns over rising fuel prices amid ongoing conflict in the Middle East. Simon Williams, head of … Read More
Walsall Families in One-Bed Flats May Pay More Council Tax Than Single Occupants in London Thursday, March 5, 2026 walsall counciltax budget cuts arrears deprivation services councillors inflation funding A Walsall councillor has issued a stark warning to residents to prepare for significant service cuts and further council tax increases in the coming years. Councillor Pete Smith, representing Blakenall ward, highlighted a … Read More
One Million More State Pensioners Face Tax Bills After Rachel Reeves’ Threshold Freeze Wednesday, March 4, 2026 pensioners tax statepension income hmrc budget economy rachelreeves obr inflation A growing number of retirees are expected to pay income tax on their Department for Work and Pensions (DWP) state pension, following Labour Party Chancellor Rachel Reeves’ decision to freeze the income tax threshold. The … Read More