23 result(s) for “Finance”
The International Monetary Fund raised its forecast for UK growth in 2026 to 1.3 percent on October 14, 2026, citing stronger-than-expected activity this year, but cautioned that higher energy costs and rising interest rates could slow expansion next year, a development that complicates Chancellor John Healey’s plans ahead of the October 28 budget.
Chancellor John Healey has not ruled out higher levies on UK banks as he prepares his first major fiscal statement on October 28, prompting warnings from City executives that a targeted tax could deter investment and complicate recovery plans for lenders.
I searched major UK and international news outlets for Business and Finance reporting dated 2026-10-11 but did not find a clear, verifiable UK-centered story that meets the editorial constraints. Would you like me to broaden the date range or focus on a particular sector or company in the United Kingdom?
British government bond yields climbed to levels not seen since 2007 on October 9, 2026, as a global bond sell off and a rebound in oil prices pushed investors to demand higher compensation for sovereign debt. The move is pressuring bank stocks, lifting mortgage and corporate financing costs, and complicating Treasury plans ahead of the October 28 Budget.
Ofgem raised the energy price cap for October to December 2026, while the government rebate of VAT on domestic electricity, introduced earlier in October, leaves a gap between headline help and bills many households will still face. The combined measures are reshaping household budgets and corporate cost forecasts ahead of the Autumn Budget.
A global rout in government bonds has pushed long UK gilt yields to multi decade highs, forcing lenders to pull cheaper mortgage deals and leaving hundreds of thousands of households facing sharp payment shocks before Chancellor John Healey’s October 28 budget.
The UK Treasury on September 28, 2026 published a revised gilt issuance plan to cover higher borrowing needs, prompting a sharp reassessment across gilt and swap markets and renewed scrutiny of the public finances.
British retailer Next has raised its annual profit forecast after a strong first half, but the company expects slower UK sales growth as inflation, mortgage costs and pressure on household finances weigh on consumers.