Food inflation to hit 6.4%: The Food and Drink Federation forecasts food inflation peaking at 6.4% in July 2027, driven by Iran war supply chain costs.
Mortgage rates jump: Five major lenders including Barclays hiked fixed rates, with its two-year fix now at 5.53%.
Government debt costs soar: The UK paid 5.82% on a new 30-year bond—the highest rate since 1998.
Energy bills could rise further: Bank of England Governor Andrew Bailey warned...
