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The Latest Breaking News from Inflation

The full list of benefits going up by 10.1 per cent next year

A wide range of benefit payments will increase in line with inflation next year

Manchester Evening News

Emily Sheffield: A bad hand played well still leaves Jeremy Hunt with a mountain to climb

Make no mistake, the contents of this financial statement are hitting the ‘just about managing’ middle classes devastatingly hard. No jam in sight anywhere for the JAMs… By freezing the basic and higher rate income tax thresholds until 2028, the Treasury hopes to raise £6 billion, as this stealth tax…

Evening Standard

Super funds return to growth, but retirement still gets more expensive

Rising inflation means Australians will need a bigger superannuation nest egg to provide a comfortable retirement.

The New Daily

From analysis to the latest developments in health,
read the most diverse news in one place.

Michael Pascoe: Once more for the dummies – we need higher wages

Inflation is more than double the headline wages growth – wages are lagging, not leading, Michael Pascoe writes.

The New Daily

‘This isn’t fair’: public sector workers react to autumn statement

A teacher, a civil servant and an NHS nurse say spending is not enough to tackle costs and avoid strikes

The Guardian - UK

Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election

UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still…

The Conversation

Lagarde warns ECB may do more than withdraw stimulus

The president of the European Central Bank is warning the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth

The Independent UK

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Hunt’s plan may please the markets, but austerity without real growth would be fatal

There will be no recovery unless the chancellor addresses low productivity, the green economy and trading relations post Brexit, says economist Mohamed El-Erian

The Guardian - UK

Budget questions answered: What Jeremy Hunt's Autumn Statement really means for you

Living standards are set to fall by seven per cent as almost all Brits will face more taxes and energy bill support has been weened down too

Daily Mirror

What does inflation mean for you?

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

The Independent UK

German industrial workers to get pay raises in 2-year deal

Germany’s biggest industrial union has agreed with employers on a pay deal that will see millions of workers get raises totaling 8.5% over two years as well as one-time payments meant to cushion the effect of sky-high inflation

The Independent UK

Hunt denies planning to lift fuel duty; pound higher despite grim outlook – as it happened

The government has made “no decision” on whether to increase the rate of fuel duty on petrol, Jeremy Hunt insists as he defends autumn statement

The Guardian - UK

Inflation pushing more French people into poverty, charity warns

Skipping meals or going into debt – that's the difficult choice facing hundreds of thousands of people in France daily, according to the latest annual report by French charity Secours Catholique.

Radio France Internationale

What Jeremy Hunt's stealth taxes mean for you - experts explain autumn statement

Spending cuts announced in the autumn statement have been widely dubbed “Austerity 2.0”

Wales Online

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Evening Standard

Autumn Statement 2022: how the budget will affect your household income

It’s working families that will bear the brunt of this week’s announcement. Below, Greg Marsh, founder of cost-of-living champion Nous.co, illustrates how this week’s OBR numbers could affect typical households in the UK

The Independent UK

Asian stocks mixed after Wall St falls on rate hike worries

Asian stocks are mixed after a Federal Reserve official suggested U.S. interest rates might have to be raised higher than expected to cool inflation

The Guardian - UK

How the autumn statement will impact households, from single mums to married pensioners

Freezing of thresholds means those receiving a wage rise will pay more tax, while benefits increase by the rate of inflation

Al Jazeera

Japan’s inflation soars to 40-year high

Core consumer inflation of 3.6 percent marks fastest price growth since 1982.

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Reuters

US, others at APEC summit condemn North Korean missile test

U.S. Vice President Kamala Harris called an emergency gathering of several allies on the sidelines of an Asia-Pacific economic summit on Friday, emerging with leaders of five other nations to condemn North Korea after it test-fired an intercontinental ballistic missile capable of reaching the United States.

Tribune News Service

Inflation and the housing market: How to cope with high home prices

Inflation hasn’t left the building, but it may be starting to look for the exit.

Fortune

Billionaire investor Barry Sternlicht used to think Jerome Powell’s Fed would threaten capitalism—now he calls its rate hikes ‘suicide’

The Fed doesn’t appear to understand the ramifications of what they’re doing,” Sternlicht said.

Fortune

America is heading for a soft landing while the U.K. is expecting its worst decline in living standards—ever

Americans are fretting over an expected recession, but the economy is in many ways strong. Things are gloomier in the U.K.

Manchester Evening News

The Mancunian Way: Austerity 2.0

Read the Mancunian Way newsletter for Thursday, November 17, 2022.

Chronicle Live

Universal Credit and State Pension to rise for millions, Jeremy Hunt confirms in autumn Statement

The Chancellor has announced that state pensions and benefits will rise with inflation - here's what it will mean for claimants

StockNews.com

ADT, McDonald’s, and 1 Other Popular Stock to Buy This November

Despite the markets being tossed and turned by a slightly moderated inflation and hopes of a similar moderation by the Fed while hiking interest rates, stability can’t be expected anytime soon. However, this might be the right opportunity to load up on fundamentally strong stocks, McDonald’s (MCD), Verizon (VZ), and…

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People

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