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The Latest Breaking News from Inflation

Universal Credit claimants with families could lose £1,000 if Government waters down benefit

People on Universal Credit could get far less than expected next year if the Government changes the way that normal increases are worked out - and several top Tories hint that might happen

Daily Mirror

Gordon Brown predicts 'national uprising' as benefits row intensifies

Failing to raise benefits in line with inflation would be 'a scar on the soul of our country', the former PM said

Wales Online

More money for West Dunbartonshire childcare practitioners as 1140 provision expands

Hourly rates of pare for providers will be increased to relflect the rise in inflation.

Glasgow Live

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read the most diverse news in one place.

Liz Truss: After a torrid Tory conference, what next for the Prime Minister?

Here is what lies ahead for the under-fire Prime Minister over the next few weeks.

The Independent UK

New Biden Weapons Package for Ukraine 'Increases the Danger of a Direct Military Clash,' Says Russian Ambassador

Plus: Musk's Twitter purchase may be back on, global deflation may be looming, and more...

Reason

Cutting emissions will hit growth, but costs of inaction much higher, says IMF

IMF says taking swift action to achieve 25% cut in greenhouse gases by end of decade will cost less than failing to act

The Guardian - UK

Ryanair hit out at proposed passenger charge increase at Dublin Airport

The company have said that airlines should not be hit by the extra costs incurred by inflation.

Irish Mirror

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Hospitality sector is in worse position than in Covid pandemic, say union chiefs

HOSPITALITY leaders have said businesses are in a “worse position than Covid” due to a lack of support amid soaring energy costs and inflation,…

The National (Scotland)

Millions of Britons ‘unable to afford basics like toothpaste and period products’

Disabled people are disproportionately hit by hygiene poverty, charity says

The Independent UK

You may actually get more expensive Christmas presents this year—just don't expect many from friends or coworkers

Concerns over inflation and supply-chain issues are influencing spending intentions this Christmas.

Fortune

What is inflation and what is its current rate in the UK and Europe?

UK inflation returned to a 40-year high in September after a slight dip in August

The Independent UK

What does inflation mean for you?

Cost of living crisis continues to bite as energy bills, fuel and food prices climb

The Independent UK

Lower gas prices stoke hopes for a brighter inflation outlook

UK wholesale gas prices remain significantly under the peak levels touched in August

Evening Standard

UK Government urged to give assurance DWP benefits will be uprated next April to match inflation

The Work and Pensions Committee has pressed the Chancellor for a commitment to the benefits uprating for 2023/24.

Daily Record

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The Independent UK

Scottish Tory leader urges party to unite as he backs under-fire PM

Douglas Ross also called for benefits to be increased – but refused to say if that should be in line with inflation.

Glasgow Live

Glasgow families to spend more than £150 on weekly shop by 2030

By the year 2030, households in Glasgow could be spending more than £150 on average on their weekly shopping according to new research — an additional £8,000 a year

Daily Mirror

Universal Credit claimants who already have a job 'should be working', top Tory moans

In eyebrow-raising claims, Suella Braverman, the Home Secretary, said people who 'should be working' instead 'choose to top up their salaries with tax credits'

The Independent UK

‘National uprising’ if benefits not hiked with inflation, says Gordon Brown

Liz Truss would be ‘immoral’ to make poor pay price of economic plan, says former Labour PM

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Bangkok Post

Economy seen up 3.0 to 3.5% this year, says finance minister

The Thai economy is still expected to grow 3.0 to 3.5% in 2022, while a weak baht is helping exports, Finance minister Arkhom Termpittayapaisith said on Wednesday.

Evening Standard

FTSE 100 Live: Tesco profits fall, OPEC considers oil output cut

Tesco’s half-year profits have fallen 10% as the supermarket giant grapples with the impact of “significant” cost inflation.

The Guardian - UK

Tesco to cut 300 head office jobs while raising pay for shop workers

Supermarket aims to make £500m of savings but will freeze prices on more than 1,000 products until 2023

The Independent UK

Hong Kong shares soar 6%, leading Asian market gains

Hong Kong's share benchmark has soared more than 6% as Asian shares track gains on Wall Street

The Guardian - UK

White House ‘disappointed’ as Opec+ cuts production by 2m barrels per day – business live

Oil cartel and allies including Russia make biggest cut in output since the start of the pandemic, despite pressure from the White House

Chronicle Live

Liz Truss confirms State Pension to increase with inflation next April but other benefits not yet confirmed

DWP boss Chloe Smith will make the decision on the benefit uprating this autumn

Bangkok Post

Headline CPI rises 6.41% y/y in Sept, less than forecast

Thailand's headline inflation rate in September slowed from the previous month and less than expected, data showed on Wednesday, but above-target consumer prices reinforced expectations of further interest rate hikes.

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Arkhom Termpittayapaisith

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