The Latest Breaking News from Inflation

The move will cost £11 billion but will help protect the most vulnerable, Chancellor Jeremy Hunt said.

The government announced how pensions will change by next year

The autumn statement saw tax rises and spending cuts

New cost of living payments are on the way along with more support for energy bills.

Chancellor Jeremy Hunt confirmed that the state pension will be uprated in line with inflation at 10.1% from April 2023.

The Chancellor announced his plans in the House of Commons on Thursday and said he was having to make difficult decisions

The Chancellor is risking a backlash from the public and media alike by unveiling a £54 billion package of tax hikes and spending cuts – after saying the UK is in a recession.

The chancellor has presented the government’s economic plans as Britain suffers the highest inflation for 40 years

The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten the labor market