The Bank of England has released three scenarios for April 2026, including a single economic forecast due to uncertainty over the Iran war. The scenarios involve oil and gas prices falling more than expected, with household spending falling significantly, leading to a decrease in real incomes. The Bank's Monetary Policy Report also suggests inflation peaks at over 3.5% at the end of 2026 before falling back to around 2%. Interest rates over the next three years would need to be higher than expected.