New warning as interest rates may rise further Deputy prime minister Dominic Raab says support is already in place Evening Standard · May 20, 2022
Royal Mail warns price of stamps and sending parcels could rise again It comes a month after the price of a first class stamp aas hiked by 10p Manchester Evening News · May 20, 2022
Interest rates might have to rise further to tackle soaring inflation says Bank of England chief economist Welshman Huw Pill was speaking at an ACCA Wales event in Cardiff Birmingham Post · May 20, 2022
House prices: Will rising interest rates cause a property market crash? House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way? The Independent UK · May 20, 2022
Tennent's boss warns of further price hikes as Scots return to pubs for cup final The cost of living crisis and inflation has led to "anxiety" about the future of the pub industry. Daily Record · May 20, 2022
G7 offers $9.5 billion new aid for Ukraine, ready with more The Group of Seven's financial leaders agreed on $9.5 billion in new aid to Ukraine on Friday and promised enough money to keep the country's devastated economy afloat as long as it fights against Russia's invasion. Reuters · May 20, 2022
Bristol deputy mayor says inflation 'real risk' to green business goals Cllr Craig Cheney and NatWest’s head of climate change met small businesses in the city working towards more environmentally friendly operations Birmingham Post · May 20, 2022
Martin Lewis' stark civil unrest warning as households face more bill hikes The founder of the MoneySavingExpert website says the public mood is desperate and angry Liverpool Echo · May 20, 2022
Sunday Times Rich List: Rishi Sunak and wife Akshata Murty enter list with £730m fortune The Conservative chancellor and Akshata Murty, his wife, have joined the elite of millionaires and billionaires as most households battle rising inflation and soaring energy prices. Daily Record · May 20, 2022
Quarter of us are dipping into our savings in cost of living crisis Half of us expect household finances to worsen Wales Online · May 20, 2022
Is it time to freak out about the stock market and the economy? With inflation surging, the war in Ukraine roiling global markets and the after-effects of the pandemic still clogging supply chains, everyday investors have been jittery. But some had their nerves pushed to the edge this week after the Dow Jones Industrial Average took a swoon on Wednesday of more than… Tribune News Service · May 20, 2022
Combined wealth of Scotland's billionaires grows as cost-of-living crisis hits public SCOTLAND'S 10 billionaires saw their combined wealth grow over the last year, the Sunday Times Rich List 2022 has revealed. The National (Scotland) · May 20, 2022
Commentary: Biden’s trip to Chicago highlights the deeper problems in Democratic leadership In Joe Biden’s America, life is not easy. For those of us who call Illinois our home, it’s not hard to see how Democrat policies have negatively affected our lives — even more so than our families who live in neighboring states. Chicago Tribune · May 20, 2022
Consumer confidence plunges to lowest level on record as living costs soar Worst outlook for almost half a century after inflation surges The Independent UK · May 20, 2022
The Guardian - UK · May 20, 2022 Retail sales in Great Britain jump despite soaring inflation Part of April increase may be down to people staying in to save money, says ONS
The Independent UK · May 20, 2022 How to cope with the rising cost of living Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all
Wales Online · May 20, 2022 Martin Lewis warns of civil unrest when bills go up again in October There are fears people will take to the streets in protest at spiralling costs
The Guardian - UK · May 20, 2022 BoE economist sees interest rates rising higher; retail sales bounce despite inflation – as it happened BoE’s Huw Pill says MPC faces its biggest challenge in 25 years, and indicates further monetary tightening needed to avoid wage-price spiral
The Independent UK · May 20, 2022 'I can’t see the light': War fuels surging prices in Europe Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades
ABC News · May 20, 2022 Sri Lanka Prime Minister warns of food shortages amid economic crisis and lack of fertiliser Sri Lanka's Prime Minister warns of a food shortage and vows the government will buy enough fertiliser for the next planting season as the island nation battles a devastating economic crisis.
The Hindu · May 20, 2022 On inflation, the government and the RBI are walking a tight rope Fiscal and monetary policy coordination is crucial to sustain the economic recovery
Bristol Post · May 20, 2022 Ten richest people in south west revealed - including nine billionaires There were a record number of new billionaires in the UK this year
The Independent UK · May 20, 2022 Asian stocks rise after Wall St slips closer to bear market Asian stock markets have advanced after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation rose
Reuters · May 20, 2022 Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages Thousands of people queued for cooking gas and petrol in Sri Lanka's commercial capital on Friday and Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic crisis.
The Independent UK · May 20, 2022 Australia set to go to polls in expected close election Australians will go to the polls Saturday following a six-week election campaign that has focused on pandemic-fueled inflation, climate change and fears of a Chinese military outpost being established less than 1,200 miles off Australia’s shore