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The Latest Breaking News from Inflation

Rishi Sunak warns he could make decisions 'people may not like' on public sector pay

RISHI Sunak has said he is prepared to make decisions “people may not like” to control inflation as he once again refused to accept…

The National (Scotland)

Edinburgh ranked third most expensive UK city to build in

Persistent skills shortages maintain high construction costs across UK cities, according to new report

Insider UK

Brace For ‘Most Challenging’ Final Stage Of Achieving Price Stability: Central Banks’ Umbrella Body

The Bank for International Settlements has cautioned that central banks still have significant work ahead of them.

Zenger

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Strong spending at Primark eases fears on economy but adds to inflation worries

Associated British Foods, the chain’s owner, ups profit forecasts

Evening Standard

Sainsbury's announces £15m price cuts on everyday essentials

SAINSBURY'S has announced £15 million worth of price cuts to everyday essentials ...

The National (Scotland)

Stocks Set to Open Lower as Investors Await Key U.S. Inflation Data, Powell Speech

September S&P 500 futures (ESU23) are down -0.12%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.22% this morning as market participants looked ahead to the release of the Fed’s favorite inflation gauge while awaiting a speech from Fed Chair Jerome Powell.

Barchart

Fossil fuels continue to dominate energy supply as demand grows

The latest report from the UK-based Energy Institute trade group shows demand for energy rising in 2022 as fossil fuels continued to make up more than four-fifths of global supply last year. Also in this edition: inflation renders the Hajj pilgrimage increasingly unaffordable, and Greek voters choose economic stability after…

France 24

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Martin Lewis says banks are 'profiteering' after being bailed out in 2007

It comes as interest rates hiked to 5 percent last week

Manchester Evening News

Sainsbury's changing prices on essentials from Tuesday

The move will include rice and pasta

Wales Online

Primark owner upgrades profit outlook as shoppers seek holiday outfits

Associated British Foods says group sales rose by 16% with steeper prices helping to drive Primark’s growth

The Guardian - UK

UK fixed mortgage rates rise to seven-month highs – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

What is inflation and why does it matter?

Peter McGahan, chief executive of Cornwall-based Worldwide Financial Planning explains why inflation matters

Birmingham Post

Immigration isn't driving inflation, new report concludes

Business and investing: Hawkish central banks keep investors on edge; ERoad takeover offer sends share price rocketing; Bitcoin arises from its slumber. Andrew Patterson reports.

Newsroom.co.nz

Rishi Sunak willing to ignore recommended public sector pay rises, says minister

Sunak says he is willing to be unpopular, as Treasury minister John Glen says government has to consider inflation before accepting coming year’s awards

The Independent UK

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The Guardian - UK

Governments advised to cut public spending or raise taxes to curb inflation

Bank of International Settlements warns that economies, such as in the UK, need policies to cool price growth

Manchester Evening News

Rishi Sunak warns there's 'no alternative' to tackling inflation as he defends interest rates hike

One opposition leader labelled his comments 'patronising'

The Independent UK

Bank of England boss must go if he doesn’t change course, says senior Tory

‘Maybe it’s time to look for someone else who’s got a better plan’, says Jake Berry

The Guardian - UK

UK government willing to ignore public sector pay review bodies, minister says

Chief secretary to the Treasury confirms some recommended rises could be blocked despite prospect of strikes

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Daily Mirror

Backlash as 'out-of-touch' Rishi Sunak tells struggling families UK must 'hold our nerve'

The Prime Minister claimed there was 'no alternative' but to hike interest rates in order to tackle inflation, but he was branded 'out-of-touch' and 'not up to the job' after an awkward TV interview

The Independent UK

Sunak warns ‘no alternative’ to curbing inflation as he defends rates hike

The Prime Minister urged homeowners to ‘hold our nerve’ as mortgage rates soar once again.

Daily Mirror

Pay rises for fat cat bosses blamed for inflation amid 'scapegoating' of workers fury

The salaries of the top 10% has outstripped the rest of the workforce - but the Bank of England has sparked anger by appearing to blame wage demands from low and mid earners and the Government may overrule public service pay bodies

Liverpool Echo

Britain is broken in every direction and we all know who to blame

The Conservatives have overseen a remarkable period of stagnation and created a country in which nothing works, writes Liam Thorp

The Guardian - UK

It’s Brexit that cranks up inflation. Don’t just blame the Bank

Policymakers are too quick to slow the economy and risk recession when the solution is to rejoin the EU

Daily Mirror

Mortgage experts explain everything you NEED to know about the mortgage crisis

Consumer rights expert Martyn James is joined by TV mortgage and property experts Jane King and Jonathan Rolande to answer all the questions you may have about the current "mortgage crisis"

The Guardian - UK

Union fury as figures show pay rises among top earners driving inflation

The best paid have had the highest wage hikes, but the majority of the workforce has seen salary growth fall, according to ONS data

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People

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Office for National Statistics

Associated British Foods

65 stories

Worldwide Financial Planning

32 stories

the Bank for International Settlements

14 stories

Volaris

13 stories

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