Trust in global institutions rises, less in US leadership: Poll
Trust in global institutions rises, less in US leadership: Poll. Image source, Getty ImagesByDearbail JordanBusiness reporterPublished16 September 2026, 07:06 BSTUpdated 7 hours agoRises in petrol, diesel and airfares pushed UK inflation up to its highest level in five months in the year to August.
What happened
International institutions saw their results rise over the past year The cost of filling up a vehicle soared in August as the conflict in the Middle East continued to disrupt global oil supplies. At that point, Russia's full-scale invasion of Ukraine had pushed up global energy costs. But its chief UK economist, Paul Dales, said: "Everyone knows that bigger rises in inflation are on their way. In recent days, Brent crude – the global benchmark for oil prices – has surpassed $100 a barrel.
Yael Selfin, chief economist at KPMG, said the VAT cut will only partially offset the impact of higher gas prices, which have been rising because of the Iran war and disruption to global supplies, including liquefied natural gas. It’s a dereliction of duty that will make AI less safeIt is hard to get Sam Altman, Elon Musk and Dario Amodei to agree on much.
The wider picture
Instead, Donald Trump and the Republican leadership have their heads in the sand. 9%, according to the Office for National Statistics (ONS). Petrol prices jumped to their highest for nearly four years, the ONS said, while diesel also rocketed. Meanwhile, the cost of flying jumped during the key month for summer getaways. Overall, motor fuel prices rose by 23% compared to August last year. Oil hit more than $91 a barrel as the US-Israel war with Iran went on.
That compares to around $73 just before hostilities began earlier this year. As a result, average petrol prices have continued to climb and between July and August, they rose by 9.
What has been reported
"This is the highest price recorded since November 2022," said the ONS. What information do we collect from this quiz? Capital Economics said, at this point, the effect of higher oil prices has not spilled over into other areas such as food and drink, where the pace of inflation remained at 1. "Grant Fitzner, chief economist at the ONS, said: "Rising crude oil and petrol prices increased both the annual cost of raw materials and the price of goods leaving factories respectively.
"Dales estimates that a combination of higher oil and gas prices and "the eventual 'first-round' effect of businesses passing on some of their higher energy costs" will lead to inflation peaking at 4. 2% in January. 'Things are down'Image caption, Goran Raven says changes in oil prices have a "real-time impact" on small petrol retailers like hisAs well as hitting drivers in the pocket, higher oil prices also affect forecourts. Goran Raven, owner of Essex petrol station RJ Raven, told the BBC: "Things are down.
We've got lots of pressure on us at the moment.
What happens next
I'd say we're about 20% down on this time last year. " Raven said changes in the oil price have a "real-time impact on us". "We only have small tanks here, so we need a tanker almost every day at the moment and we have to pay a daily spot price," said Raven. "When the price goes up, we have to go up with it. People like to think we're earning a lot on it. It's single digits of pence we earn per litre.
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The report has been compiled by The Daily Waves using information reported across bbc.co.uk, theguardian.com. Details are presented according to the information available at the time of publication and may change as authorities, organisers or other relevant parties provide updates.