The Latest Breaking News from Inflation

September dates for benefits, pensions and cost of living payments

Inflation falling but not swiftly enough to prevent further interest rate rise making life tougher for mortgage holders

The Independent UK · Sep 11, 2023

Retailers warn Chancellor against £400m business rates hike

A group of 44 retail leaders have written to Jeremy Hunt to halt an inflation-based increase to property tax bills.

The Independent UK · Sep 10, 2023

UK firms ‘slow output and rein in hiring as borrowing costs rise’

Survey of businesses gives further indication that Bank of England could limit future interest rate rises

The Guardian - UK · Sep 10, 2023

G-20 Summit 2023 | Resuming Black Sea grain trade will cool global food inflation: Finance Minister Sitharaman

The G-20 leaders’ recommendation to revive the Black Sea Grain Initiative, would help ease inflation in several countries, but may not affect India’s own inflation trajectory much, Finance Minister Nirmala Sitharaman said

The Hindu · Sep 9, 2023

Now even the Bank of England admits greedflation is a thing

Work by Threadneedle Street’s own analysts suggest that firms are intending to keep prices high, despite falling costs

The Guardian - UK · Sep 9, 2023

Rishi Sunak warned benefit cut would be ‘morally bankrupt and economically illiterate’

PM declines to ‘speculate’ about what will be in the November Budget when asked if he could guarantee benefits will rise with inflation

The Independent UK · Sep 9, 2023

Sunak declines to rule out real-terms benefits cut

Reports suggest Chancellor Jeremy Hunt could break with the norm by not raising payments in line with inflation.

Evening Standard · Sep 9, 2023

Jeremy Hunt considers benefits cuts to provide pre-General Election tax cuts

RISHI Sunak declined to rule out real-terms cuts to benefits amid suggestions the move could be taken to free up cash for tax cuts ahead of the next…

The National (Scotland) · Sep 9, 2023

Auto union rejects wage offers from Detroit companies with strike deadline 6 days away

The United Auto Workers union has rejected wage and benefit offers from all three Detroit automakers, raising tensions just six days before a strike deadline for 146,000 employees

The Independent UK · Sep 8, 2023

The housing affordability crisis is a hidden reason your kid doesn’t have a teacher—stunning report shows only 12% can afford homes near work

Redfin crunched data on 70,000 schools in the 50 biggest metros and found the housing market zooming up and away from the stagnant teacher’s salary.

Fortune · Sep 8, 2023