The Latest Breaking News on Economy

Inflation is causing real pain. But raising interest rates will make it worse

Rate hikes could induce a recession and hurt ordinary people. We need price stabilisation measures instead

The Guardian - US · Aug 17, 2022

What life was like in 1982 - the last time inflation was this high

An unpopular Conservative Government, a foreign war, strikes and Coronation Street topping the TV charts

Wales Online · Aug 17, 2022

Soaring food and energy costs drive UK inflation to 10.1%

Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices

The Independent UK · Aug 17, 2022

Glass half empty or full? The two ways of viewing latest UK jobs figures

Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate

The Guardian - UK · Aug 16, 2022

Singles are opting for cheaper dates due to cost of living crisis, study finds

More than 40 per cent of single people say they are now more inclined to pick modest date location to avoid bill panic

The Independent UK · Aug 16, 2022

UK wages in June fall at fastest rate for 20 years

Real pay continues to be outstripped by soaring inflation amid a continuing cost of living crisis

The Guardian - UK · Aug 16, 2022

Workers' pay falls at record levels as Tories 'have lost control of the economy'

Boris Johnson is on his second holiday in a fortnight as Brits are facing a deepening cost of living crisis. Between April and June, regular pay slumped by 3% when taking skyrocketing inflation into account, according to official statistics.

Daily Mirror · Aug 16, 2022

UK real pay falls by record 3%, as job vacancies also decline – as it happened

UK wages adjusted for inflation decline at fastest rate in 20 years, while job vacancies fall, as average annual grocery bill is set to jump by £533 to £5,128

The Guardian - UK · Aug 16, 2022

Record pay slump as prices rocket

Millions hit by sharpest fall in real-term wages in two decades

Evening Standard · Aug 16, 2022

Inflation tipped to hit 10% as living standards fall further

The London lifestyle seems to be particularly prone to cost of living hikes with rents and mortgage bills

Evening Standard · Aug 15, 2022