Treasury sources concede ‘less room’ for manoeuvre as global bond sell-off also hikes government’s borrowing costs

• International bodies warn of rising debt and borrowing risks

• Burnham stands by claim UK is ‘in hock’ to bond markets

Oil prices lurched upwards again on Thursday, creating a growing headache for UK policymakers ahead of John Healey’s budget next month.

While Healey has been keen to present an upbeat picture of the UK’s economic prospects, Treasury sources concede the sharp jump in oil and gas prices means they have “less room” than a month ago.

Guardian investigation: 7-Eleven and Circle K stores often fail to honor advertised prices – charging more at pump and register for gas, snacks, and other items

Marco Cruz pulled off a four-lane road into the parking lot of a Circle K convenience store in McAllen, Texas, 12 miles north of the US-Mexico border. It was 1.20am on a mild November night in 2025, and Cruz was looking for a bedtime snack after a day of visiting family and friends. He grabbed a pack of beef and jalapeño cheese sticks from the shelf, where they were priced at $3.99. At the counter, though, they rang up at $4.19.

Cruz asked the cashier to charge him the lower shelf price. The employee refused, he said, and threatened to call the police when Cruz grew more insistent. “All I’m asking you is honor the price,” Cruz told the attendant before leaving the store and, later, filing a complaint with the Texas attorney general.