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The Latest Breaking News from Inflation

Americans are tiptoeing out of economic turmoil this holiday shopping season

With two big shopping days on the horizon – Black Friday and Cyber Monday – U.S. retailers are getting ready for the most important time of the year. The stakes are high: For some companies, the holiday shopping season accounts for 50% of annual revenue. But economic uncertainty and recent…

The Conversation

OBR halves UK growth forecast and warns inflation will exceed 2% target until 2025

Despite £27bn windfall for the autumn statement, government forecaster warns of generally more difficult outlook until 2028

The Guardian - UK

Hunt begins to ease historically high tax burden with eye on Tory election hopes

The Chancellor said high employment taxes ‘disincentivise hard work’.

The Independent UK

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Martin Lewis reacts as Universal Credit £470 increase announced

Money Saving Expert Martin Lewis shared his thoughts as Chancellor Jeremy Hunt announced a £470 rise in payments to Universal Credit claimants

The National (Scotland)

Are Bank of America (BAC) and M&T Bank (MTB) Still Wise Investment Choices?

The central bank officials have recently expressed little interest in cutting rates anytime soon. With the recent Fed meeting minutes suggesting a continuation of a “restrictive” policy, rates will likely remain higher for longer. In this piece, I have discussed how the U.S. banking industry is expected to perform amid…

StockNews.com

Jeremy Hunt slashes National Insurance in go-for-growth Autumn Statement but tax burden still rising

Millions set to pay higher rate of income tax in future as wages rise but thresholds remain frozen

Evening Standard

Hunt raises benefits in line with inflation ‘to support families in difficulty’

Campaigners had voiced concern amid reports they would not be raised in the usual way, instead using last month’s lower inflation figure.

The Independent UK

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Key measures included in Jeremy Hunt’s autumn statement and what’s missing

Chancellor reveals 2% national insurance cut, as he claims Tory economic plan is ‘working’

The Independent UK

Here's what will cost you more — and less — for the big Thanksgiving feast

The cost of a traditional Thanksgiving feast is slightly lower this year than last, thanks in large part to falling turkey prices. Overall grocery inflation has eased significantly in the last year.

WEKU

RBA governor says inflation ‘increasingly homegrown’, suggesting interest rates will remain high

Michele Bullock warns prices are ‘rising strongly for the majority of the goods and services we all consume’

The Guardian - AU

Stock market today: Asian shares slip in cautious trading following a weak close on Wall Street

Shares are mostly lower in Asia after Wall Street’s rally ran out of momentum

The Independent UK

Wednesday briefing: What’s ‘on the table’ for Jeremy Hunt’s autumn statement

In today’s newsletter: Amid backbench pressure to cut taxes, Rishi Sunak and his chancellor have signalled a willingness to bring forward tax cuts

The Guardian - UK

Britain's Conservative government set to start cutting taxes ahead of likely election next year

Britain’s Conservative government will try to win favor with voters by cutting taxes but avoiding worsening inflation in a budget statement

The Independent UK

From tax to debt: five key issues that underpin the autumn statement

With inflation falling, the chancellor is expected to turn his attention to growing the economy

The Guardian - UK

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The Guardian - UK

What to expect in the autumn statement 2023

From Whitehall to welfare and pay to pensions, here is what Jeremy Hunt is likely to announce

The Independent UK

December dates for benefits, pensions and cost of living payments

Many households still struggling and facing costly winter, even as inflation begins to ease

The Independent UK

November dates for benefits, pensions and cost of living payments

Inflation very gradually easing but many households still struggling

The Independent UK

What time is the Autumn Statement and what will Jeremy Hunt unveil?

Jeremy Hunt is set to deliver the Autumn Statement on Wednesday

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The Independent UK

Autumn Statement: What time is it and what will Jeremy Hunt unveil?

Jeremy Hunt is set to deliver the Autumn Statement on Wednesday

The Guardian - UK

Autumn statement: Jeremy Hunt looks to cut UK taxes and ‘turbo-charge growth’

Amid less gloomy OBR forecasts the chancellor is expected to take first steps towards cutting personal taxes

Barchart

Stocks End Lower on Disappointing Earnings and Weak Economic News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.58%. Stocks on Tuesday posted moderate losses as some disappointing...

The Independent UK

After the dollar-loving Milei wins the presidency, Argentines anxiously watch the exchange rate

The exchange rate is top of mind for millions of Argentines coping with triple-digit inflation

Fortune

With inflation cooling and AI hitting its stride, stocks are on the cusp of a record-setting ‘roaring 2020s,’ Ed Yardeni says

A 4,600 price target for the S&P 500 might have been “too conservative,” the veteran market watcher says.

AAP

Call to curtail 'supernormal profits' in energy network

The regulator has rejected an accusation that electricity networks are generating "supernormal profits" off the use of poles and wires and stoking inflation.

Evening Standard

Five tax measures Jeremy Hunt should prioritise

City Voices: The government should be doing everything it can to incentivise business investment

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