Iran war drives UK diesel price to near record high, and makes interest rate rise ‘hard to avoid’ – as it happened

<p>Bank of England governor Andrew Bailey says persistently high oil and gas prices would make it hard to resist pressure to raise interest rates</p><ul><li><p><a href="https://www.theguardian.com/money/2026/sep/25/capital-gains-tax-how-it-works-benefits-and-pitfalls-of-another-hike"><strong>Capital gains tax: how it works, and the pros and cons of another rise</strong></a></p></li></ul><p><br></p><p><strong>TalkTalk is scrambling to secure its future amid the threat of administration, closing in on deals to sell its consumer and broadband arms as it seeks to save 900 jobs.</strong></p><p>The telecoms company said on Friday it is in the final stages of sealing deals to sell its consumer business as well as its wholesale operation, PXC.</p> <a href="https://www.theguardian.com/business/live/2026/sep/25/uk-consumer-confidence-burnham-bounce-bank-of-england-oil-inflation-stock-markets-bonds-latest-news-updates">Continue reading...</a>