Rishi Sunak and Keir Starmer kick off election campaigns PM to set off on two-day tour of UK nations and Labour leader to head to Tory areas in south-east England The Guardian - UK · May 22, 2024
Inflation may be cooling, but most Americans are still feeling squeezed by ‘cost of living creep’ About 27% of Americans report not being able to afford everyday expenses due to the cost of living. Fortune · May 22, 2024
Halifax reduces mortgage prices despite inflation dashing June Bank of England rate cut hopes Halifax announced that it will cut selected mortgage rates for movers and first-time buyers by up to 0.19 percentage points Evening Standard · May 22, 2024
As UK inflation falls to 2.3%, here’s what it could mean for wages Inflation in the UK has fallen to 2.3% in the year to April – the lowest figure for almost three years. Before this, prices at UK tills were relatively low and stable for many years. But in 2021 they started rising, causing a continual increase in the price of goods… The Conversation · May 22, 2024
UK inflation: which goods and services have changed most in price? From olive oil to cocoa and carpets to holiday centres, how the cost of everyday things varies The Guardian - UK · May 22, 2024
Where the inflation and national debt figures leave Sunak’s five priorities Most of the Prime Minister’s five priorities had not been achieved by the end of last year. The Independent UK · May 22, 2024
OPINION - The Standard View: Economy is on the up – but not fast enough for the Conservatives What might have been a curtain call for the Government, with inflation falling to 2.3 per cent, was instead greeted with a sharp intake of breath. The markets were hoping for better, with a consensus forming around 2.1 per cent. As a result, a June interest rate cut now appears… Evening Standard · May 22, 2024
Inflation: Why has it fallen and what it means for you April’s inflation rate of 2.3% means that if an item cost £100 a year ago, the same thing would now cost £102.30 The Independent UK · May 22, 2024
FTSE 100 Live 22 May: Shares close down as inflation makes June rate cut unlikely, Anglo rejects fresh BHP bid Higher-than expected UK inflation figures disappointed the City today, with shares closing down as the 2.3% Consumer Price Index reading dashed hopes of a June interest rate cut. Evening Standard · May 22, 2024
UK house prices rise for the first time in a year, new ONS figures reveal Average house price across the UK are now £283,000, according to the ONS The Independent UK · May 22, 2024
Hunt hit by inflation ‘miss’ and benefits bill Higher-than-expected inflation dealt a blow to interest rate cut hopes, while public borrowing grew by £1.5 billion Evening Standard · May 22, 2024
Watch: Sunak faces Starmer at PMQs after declaring inflation ‘back to normal’ Watch as Rishi Sunak faces Sir Keir Starmer at Prime Minister’s Questions on Wednesday 22 May. The Independent UK · May 22, 2024
Rishi Sunak announces July 4 general election in huge gamble which stuns Tory MPs Sir Keir Starmer responded swiftly saying it was time for ‘change’ as both leaders kickstarted their election campaigns Evening Standard · May 22, 2024
UK inflation falls to 2.3%, lowest level in nearly 3 years but still above Bank of England's target Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills The Independent UK · May 22, 2024
International Business Times · May 22, 2024 ECB Can Start Cuts Before Fed, Says Finnish Bank Governor The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn told AFP. "While we don't make policy in a vacuum, the ECB is not the 13th Federal district…
Barchart · May 22, 2024 S&P Futures Tick Lower Ahead of FOMC Meeting Minutes, Nvidia Earnings in Focus June S&P 500 E-Mini futures (ESM24) are trending down -0.11% this morning as market participants awaited minutes of the Federal Reserve’s latest policy meeting as well as an earnings report from artificial intelligence bellwether Nvidia.
Evening Standard · May 22, 2024 Jeremy Hunt hails fall in inflation but admits: 'Do people feel better off now than a few years ago? No.' The Chancellor said many households are still finding it ‘tough’ after prices spiralled in Britain but stressed there were ‘healthy prospects going forward’
The Guardian - UK · May 22, 2024 Sunak says Labour taking victory for granted as Starmer calls on voters to ‘stop the chaos’ – as it happened Prime minister announces early summer election with date putting parties on campaign trail for six weeks
The Guardian - US · May 22, 2024 Inflation, election lies and racial tension weigh on voters in Georgia swing county: ‘We all got to eat’ In Peach county, where Trump narrowly won in 2020, voters say they’re struggling with rising prices ahead of the presidential election
The Guardian - US · May 22, 2024 Majority of Americans wrongly believe US is in recession – and most blame Biden Exclusive Harris poll for the Guardian shows 55% believe economy is shrinking, in troubling sign for president’s re-election bid
The Guardian - UK · May 22, 2024 Big drop in UK inflation rate disguises more disappointing details Service sector inflation, monitored closely by Bank of England, barely budged in April
The National (Scotland) · May 22, 2024 Rishi Sunak told 'cost of living crisis not over' as inflation eases THE Prime Minister has been warned the cost of living crisis is not yet over as he welcomed the latest inflation figures.
International Business Times · May 22, 2024 UK Inflation Slows To Near Three-year Low Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch before this year's general election.
Evening Standard · May 22, 2024 Many Londoners 'living on edge of hardship' as poll shows one in four couldn't afford surprise £50 bill Survey by Savanta for the Centre for London laid bare how many households in the capital are struggling with the cost-of-living crisis
Evening Standard · May 22, 2024 Blow to interest rate cut hopes as inflation remains above Bank of England target The sharp fall in the Consumer Prices Index was driven by the lower energy price cap an lower food bills