As predicted the BoE's Monetary Policy Committee put imported inflationary pressure from the US/Israeli attacks on Iran on to UK workers (and any wage rises):

'This could lead to self-perpetuating behaviour in wage & price dynamics, which could embed domestic inflationary pressures'.

Rates stayed where they are & might now rise, because workers need to be dissuaded (via further unemployment) from trying to maintain their standard of living in response to energy price rises.

#politics
h/t FT