The Latest Breaking News from Inflation

Tech components firm Gooch and Housego expects inflation to hit profits

The Somerset-based manufacturer said it had made 'steady' progress in reducing lead times after increasing production capacity

Birmingham Post · Feb 22, 2023

600,000 households worse off until 2025 as benefits fail to keep up with inflation

Cost of living payments were branded a 'crude patch' which is 'no substitute' for fixing the real problem - and cost the Government more than if benefits were hiked in line with inflation, according to the Institute for Fiscal Studies

Daily Mirror · Feb 22, 2023

More than 820,000 people on Universal Credit expected to miss out on new £900 cost of living payment

The first part of the means-tested cost of living payment is worth £301 and due to be made this Spring.

Daily Record · Feb 22, 2023

Wage growth surprise: slower-than-expected gain eases RBA rate rise fears

December quarter wage index rose from 3.1% to 3.3%, but 7.8% inflation indicates a 4.5% decrease in real wages

The Guardian - AU · Feb 22, 2023

Many benefits recipients will be worse off until April 2025, IFS warns

Government cost-of-living payments are a ‘crude patch’ which cost around £2bn more than if benefits had risen with inflation, the think tank said.

The Independent UK · Feb 22, 2023

Are Bearish Investors Coming Out of Hibernation?

Bulls took the early lead in 2023...yet as more cards are flipped over it looks like bears are going to take the pot once again. Let’s discuss the recent changes that are pointing to more downside ahead for the stock market (SPY). Better yet, 40 year investment veteran Steve Reitmeister…

StockNews.com · Feb 21, 2023

‘Goldilocks’ is dead, warns Morgan Stanley Wealth Management. The risk of a ‘hard landing’ for the economy is growing

“With consumption and inflation reheating, risks of a hard landing resembling a boom/bust are growing,” Lisa Shalett, Morgan Stanley Wealth Management’s CIO, warns.

Fortune · Feb 21, 2023

Tories propose measly 3.5% pay rise for nurses, teachers and police in public sector plan

Rishi Sunak is under intense pressure to offer a pay rise in line with inflation after unprecedented strikes which has seen tens of thousands of NHS staff, teachers and civil servants walk out

Daily Mirror · Feb 21, 2023

OPINION - My Met Police officers deserve a 10 per cent pay rise in line with inflation

We are a prestigious police service with an envied global reputation but one that has become tarnished. We are now urgently and determinedly reforming, explicit that part of this mission requires us to be ruthless with those that our systemic failings have allowed to corrupt our integrity and undermine public…

Evening Standard · Feb 21, 2023

Call for Vic wages cap to be axed as inflation soars

The Victorian Greens are leading a call for Victoria's 1.5 per cent cap on public sector wages to be axed to keep essential workers' heads above water.

AAP · Feb 21, 2023