ONS revealed inflation slowed, while US-Iran tensions continue to affect oil prices and corporate markets.
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Updated oct 20
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What happened
ONS revealed inflation slowed, while US-Iran tensions continue to affect oil prices and corporate markets.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- John Healey relies on Office for National Statistics data to formulate the economic outlook.Sub-event
ONS reports inflation slowdown; US-Iran tensions continue to impact energy and corporate supply chains.1 source
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The entities involved
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Office for National Statistics
United Kingdom's principal government institution in charge of statistics and census data
- The Office for National Statistics has released provisional data regarding average private rents, noting market pressures driven by high demand in both England and Wales.
- ONS data highlights cost of living issues, prompting calls for government action regarding housing market failures, involving expert advice and political pressure.
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John Healey
British politician (born 1960)
- John Healey announced plans to spread economic growth across the UK, involving the National Wealth Fund, the British Business Bank, and partnerships with North East mayoral authorities.
- Multiple figures, including Healey and Milburn, addressed benefits reform, while Burnham challenged Conservative welfare cuts.
Related events
- The Bank of England and John Healey are dealing with financial pressures stemming from the Iran conflict and rising energy costs.
- ONS released retail sales data for Great Britain, noting the influence of the Middle East conflict on fuel prices.
- ONS reported UK CPI inflation data while the IRGC Navy issued a statement regarding the Strait of Hormuz, amid rising USD demand due to Iran-related risks.
- Conflict in the Middle East is raising energy prices and driving up borrowing costs, requiring John Healey to fund Andy Burnham's spending pledges.