UK Economic Outlook: Regulation Costs, Oil Price Surge, and BoE Rate Rise Loom

Oil prices have surged to their highest level in months as the Strait of Hormuz disruptions continue, reviving investor expectations of a Bank of England rate rise later this year. The FT reports that while the BoE is expected to hold borrowing costs this week, the energy shock is forcing markets to price in a possible increase before year-end, adding another headache for UK businesses already drowning in regulatory costs.

Watch List

• Regulatory burden: A BCC survey...