ONS data provides relief to Chancellor Reeves, while conflict in the Middle East continues to affect inflation forecasts.

1 report, 1 independent Updated Jun 17

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Office for National Statistics Bank of England Middle East

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Economic bodies, including the Office for National Statistics and the Bank of England, are tracking how geopolitical conflict is driving up oil and gas prices and affecting inflation.

Also in this story

ONS released UK inflation figures on June 17, 2026, while Gardner provided analysis, noting that monetary policy is influenced by the U.S.-Iran war.Jun 17

All 3 developments

Within Developments regarding a Trump administration agreement with Iran, focusing on Tehran's regional position and the Strait of Hormuz as an energy corridor, are underway.

The entities involved

Office for National Statistics
United Kingdom's principal government institution in charge of statistics and census data
- Andy Burnham is advocating for a public service model for care, citing demographic trends informed by ONS data in various media outlets.Mon 12:02
- ONS data is being used to inform the Bank of England's central bank interest rate decisions.Mon 11:05
Bank of England
central bank of the United Kingdom
- Central banks, including the ECB, FED, Bank of Japan, and Bank of England, are holding rate meetings and addressing inflation in response to the Iran war.Mon 12:14
- The Bank of England may realign its monetary policy stance with the European Central Bank and Bank of Japan regarding future rate hikes.Mon 12:14
Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
- Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54

Related events

Amid the ongoing Middle East conflict driving oil price volatility, John Healey succeeded Rachel Reeves as the UK Treasury Chancellor.Sep 9

Coverage

Newest first; wire copies grouped

Jun 17express.co.uk