


UK inflation falls to 2.6%, increasing pressure on Bank to cut interest rates
March annual rate comes before expected rise because of household bills going up this month
- Analysis: Good news on UK inflation may be short-lived amid trade war and rising household bills
- Business live – latest updates
UK inflation dropped to 2.6% in March, increasing the pressure on Bank of England policymakers to cut interest rates next month as Donald Trump’s tariff wars cast an uncertain outlook.
Prices growth was weak ahead of an expected rise in April as households begin to pay higher council tax and utility bills.

Wall St set to rally as European markets rebound despite Trump and China trade threats – business live
Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmail
- How ‘liberation day’ rout compares with other notorious stock market crises
- Wall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’
- Trump threatens additional 50% tariffs on China over retaliatory levies
South Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.
The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December.

North Sea oil deals allow companies to offset billions in tax liabilities

Trump revokes licences for BP and Shell projects in Venezuelan waters
