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The Latest Breaking News from Inflation

Unemployment at lowest level since 1974 as UK wages fall sharply

Pay has dropped by the biggest fall in over 10 years

The Independent UK · May 17, 2022

‘I saw two Tory whips having tequila for breakfast’: Margaret Beckett on Blair, the Iraq war and half a century in politics

She is Britain’s longest-serving female MP. As she approaches retirement, she remembers the thrill of Westminster in the 70s, the successes and failures of the Blair years, and nominating Corbyn for the Labour leadership

The Guardian - UK · May 17, 2022

Price of food could go up 10% this year says M&S boss

Wales Online · May 17, 2022

From analysis to the latest developments in health,
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Marks & Spencer boss details the 700-page document taking eight hours to prepare lorry drivers need just to go to Ireland

The documents also need to be partially written in Latin

Wales Online · May 17, 2022

Food prices could rocket by 10% this year for struggling Brits, M&S chief warns

M&S chairman Archie Norman said a 10% rise won't be surprising after a warning of 'apocalyptic' food price rises came from the governor of the Bank of England, Andrew Bailey

Daily Mirror · May 17, 2022

Arkhom says growth outlook good despite agency's downgrade

The Finance Minister said on Tuesday that the outlook for the economy this year was still good, despite the state planning agency's downgrade in its growth forecast, and he wanted to see a policy rate that still supports the recovery.

Bangkok Post · May 17, 2022

Tory minister 'surprised' to hear about 'apocalyptic' rise in food prices

A TORY minister has claimed he is “surprised” to hear an “apocalyptic” warning about increases in food prices from the governor of the Bank…

The National (Scotland) · May 17, 2022

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School meals will shrink without help to tackle rising costs, warns food boss

Schools in England could be forced to cut meal portions or quality unless government increases funding for free school meals, says Bidfood chief

The Guardian - UK · May 17, 2022

Food prices could soar by 10% this year, warns M&S boss

The boss of Marks & Spencer said the crunch time for families would come after summer holidays when they find ‘there is nothing left in the kitty’

Evening Standard · May 17, 2022

UK pay hit by inflation but unemployment falls to 48-year low

Most workers face fifth month of falling living standards despite soaring City bonuses

The Guardian - UK · May 17, 2022

Pound jumps as UK unemployment falls to lowest since 1974, but basic pay lags inflation – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · May 17, 2022

Millions of workers seeing real terms pay fall ‘sharply’ as inflation bites

The squeeze is set to get worse as the Bank of England has forecast that inflation may rise into double figures later this year

Evening Standard · May 17, 2022

Big fall in North East unemployment but warning over pay levels

The numbers of people claiming out-of-work benefits in the region has fallen below pre-pandemic levels

Chronicle Live · May 17, 2022

Asian shares advance despite losses on Wall Street

Shares are higher in Asia after another wobbly day on Wall Street extended a losing streak for markets

The Independent UK · May 17, 2022

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The Times of India · May 17, 2022

Elon Musk sees US as 'probably' in recession lasting up to 18 months

NEW YORK: Elon Musk said that the US economy was "probably" in a recession -- a judgment at odds with economists and available data -- and cautioned companies to watch costs and cash flows.

Wales Online · May 17, 2022

'Apocalyptic' warning over food price rises due to Ukraine war

While there is food in storage in Ukraine, it can't be shipped out due to the war

The Hindu · May 17, 2022

The repo rate in India

How does the repo rate work? How does it affect the country’s inflation and what are the factors that influence its efficacy?

Bangkok Post · May 17, 2022

Q1 GDP growth tops forecast but Ukraine war hits 2022 outlook

Thailand's economy grew faster than expected in the first quarter supported by a pickup in agriculture and an easing of Covid-19 curbs, but higher inflation remained a drag on a fragile recovery.

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The Conversation · May 17, 2022

Why Morrison's ‘can-do’ capitalism and conservative masculinity may not be cutting through anymore

Scott Morrison’s election strategy was clear at the end of last year. As borders were opened up and restrictions eased, Morrison argued the Coalition would be winding back the big government measures that were necessary during the pandemic.

The Guardian - US · May 17, 2022

Karine Jean-Pierre makes history but inherits a world of trouble

The White House’s first Black press secretary used her opening remarks to reflect on this new chapter

The Independent UK · May 16, 2022

Sir John Major says ‘help must come’ from government over cost of living

‘Penniless’ people of Britain would lose trust in state if financial aid is not forthcoming, he says

Tribune News Service · May 16, 2022

CD rates are poised for a comeback. Now, if only inflation would calm down

Following CD rates in recent years has been a lot like watching paint dry at the bottom of a barrel: little perceptible change in rock-bottom returns.

Input · May 16, 2022

The world's richest men are competing for world's worst tweet

One returning Hall of Famer meets one newcomer for double-duty awfulness.

The Guardian - UK · May 16, 2022

Cost of living crisis: immediate support from Sunak a ‘moral imperative’ – CBI

Boss Tony Danker wants chancellor to aid households skipping or having smaller meals as energy bills soar

Benzinga · May 16, 2022

PreMarket Prep Stock Of The Day: SoFi's Upgrade Rally

With a muddled macroeconomic and geopolitical environment along with inflation concerns, not as much attention is being paid to upgrades and downgrades by Wall Street analysts.

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