The Bank of England voted to hold interest rates at 3.75% in a blow to mortgage holders and the City, who had been waiting for a cut.
But in just 20 days, everything has changed with the start of the war in the Middle East.
This morning, the price of UK natural gas, which is used to calculate domestic energy bills, jumped by 15% after the bombing of the world’s largest natural gas field in Qatar.
Oil has jumped to over $116 a barrel, just a day before the first missile was fired at Iran; a barrel was trading at $72.
At the pumps, petrol has risen by 10 pence per litre and diesel by 20 pence, with prices expected to climb further.
Also on the programme:
– Number of confirmed meningitis cases rises to 27 as outbreak continues to spread in Kent
– Police have identified two teenagers who were in a car which crashed into the River Nene in Cambridgeshire.
– During the pandemic, the NHS came close to collapse and was only saved by the selfless efforts of frontline workers, the COVID inquiry has concluded.
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