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The Latest Breaking News from Inflation

Interest rates – live: Rates hit 15-year high as ‘mounting cash pressures’ push Wilko to brink of collapse

Central bank hikes its base rate by a further 0.25 percentage points to hit 5.25

The Independent UK

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

The Independent UK

August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

The Independent UK

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Bank of England poised to raise UK interest rates to 5.25%

Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts

The Guardian - UK

‘Imagine no recession, it’s easy if you try.’ Bank of America flip-flops on its recession call, arguing a ‘soft landing’ is on the way

The investment bank has been predicting a recession since the summer of 2022. A full year later, it’s having second thoughts.

Fortune

3 Big Box Retailers to Look Into This Month

Amid the ongoing consumer shift toward foodservice and the robust demand amid easing inflation, the retail industry is poised to witness solid growth. Hence, fundamentally strong big box retailers stocks Casey's General Stores (CASY), Marks and Spencer (MAKSY), and Weis Markets (WMK) might be worth buying this month. Keep reading.

StockNews.com

Australian house prices look set to rise despite the rate hikes. This isn’t great given how expensive they already are

Existing mortgage holders are likely to be spared more interest rate rises after the latest RBA meeting, but first home buyers will find the task ever more difficult

The Guardian - AU

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‘Bidenomics’ is working – which means Biden and the Democrats may win too

Biden’s economic policies are the most successful in the US in decades. That puts the Democrats on a strong political footing

The Guardian - US

Raising tuition fees during cost-of-living crisis ‘not going to happen’ – Halfon

His comments come after Lord Johnson of Marylebone warned that preventing fees rising with inflation has led to defunding of universities.

The Independent UK

Scotland able to spend more on public services after deal with UK Treasury

Agreement will allow Scottish ministers to double annual borrowing and borrow more for major projects

The Guardian - UK

Sunak claims ‘light at end of tunnel’ on inflation as Bank of England set to raise rates again

His comments came as the Bank of England prepared to hike interest rates to the highest level since February 2008

The Independent UK

Sunak signals he may not achieve goals on inflation and NHS waiting lists

Prime minister blames strikes for long NHS England waiting lists, and acknowledges progress on halving inflation is slow

The Guardian - UK

Rishi Sunak tells father-of-four facing huge mortgage payments to 'talk to bank'

THE Prime Minister told a father-of-four facing a huge hike in his mortgage payments to simply “talk to your bank” ...

The National (Scotland)

Rishi Sunak blames striking workers as he signals he could fail in two key pledges – as it happened

Prime minister criticised by NHS worker after blaming staff for long waiting lists

The Guardian - UK

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The Guardian - UK

Rising UK interest rates force homebuyers to take on longer mortgages

Builder Taylor Wimpey says Bank of England stance has weakened housing market

Evening Standard

Bank of England set to raise interest rates above 5% today

The City braces for a hike of at least a quarter-point, taking base rates to their highest since 2008

The Independent UK

August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

The Independent UK

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

Get all your
news in one place.

100's of premium titles.
One news app.

Zenger

Bidenomics Gains Momentum As Strong Economic Data Validates Policy

Noted economist Paul Krugman highlights robust job growth and falling inflation as indicators of success.

Zenger

Investors Bet On Fed Rate Hike Pause As September Meeting Approaches

Wall Street economists predict a temporary halt in rate hikes due to softening labor market and mild inflation data.

The Guardian - UK

Rishi Sunak should think about his RAF jet pilot’s pay

Brief letters: Public sector pay | Sloughvian demonyms | Fond memories of Sindy | Property inflation | Farage farrago

Fortune

High inflation won’t stop people ordering pizza

Domino's orders increased by 2.8% compared to the same period last year, helping it grow underlying profits by 8.2%.

The National (Scotland)

Survey reveals major fears of UK voters over 'Westminster-made' cost of living crisis

The latest inflation figures show prices have risen by 7.9 per cent in June.

Kiplinger

What Is Inflation?

Inflation has been top of mind for investors in recent years, but what is inflation and why does it matter?

The Independent UK

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

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