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The Latest Breaking News from Inflation

Tory minister claims people are using foodbanks due to a broken 'relationship or boiler'

Education Secretary Gillian Keegan urged nurses not to strike over measly pay rises and claimed most use foodbanks due to broken 'relationship or boiler'

Daily Mirror

Editorial: Election’s over. Now concentrate on inflation

Not so long ago, a 9-5 job was enough to pay the bills and put food on the table.

Boston Herald

Control of US Congress hangs in balance as Democrats show strength

CONTROL of the US Congress hangs in the balance as the Democrats showed surprising strength in the American midterm elections.

The National (Scotland)

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Energy prices top of mind for RBA

The second in command at the Reserve Bank says soaring energy prices could throw out its forecast and drive inflation even higher.

AAP

Tackling inflation more important than school funding, education secretary says

Size of budgets ’irrelevant’ without firm grip on soaring prices, Gillian Keegan argues

The Independent UK

Meta to cut 11,000 jobs as Zuckerberg says he ‘got it wrong’, M&S warns of ‘gathering storm’ – as it happened

Stock markets drift lower as US mid-term election results too close to call

The Guardian - UK

Asian shares mixed as market await vote results, price data

Asian shares are mixed as investors await the outcome of the U.S. midterm elections and a major inflation update due later in the week

The Independent UK

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Schools close amid public sector strike action around Tasmania over pay and conditions

Inside Parliament House in Hobart, the debate focused on the public sector pay offer, cost of living and inflation — but outside, where thousands of striking workers gathered, there was far more at stake than the annual percentage increase.

ABC News

NHS nurses across the country vote in favour of 'once in a generation' national strike

The world’s largest nursing trade union and professional body will now pressure MPs to support their local striking nurses as polling shows support for the action is growing

Daily Mirror

Tories slash incomes of poorest Scots by 16% over last ten years

Rishi Sunak is under increasing pressure to commit to raising all benefits - including the state pension - in line with inflation.

Daily Record

Illinois Democrats prevail, but tight race for control of Congress continues

The outcome of races for House and Senate will determine the future of Biden’s agenda and serve as a referendum on his administration as the nation reels from record-high inflation and concerns over the direction of the country. Republican control of the House would likely trigger a round of…

Chicago Sun-Times

Parents in full-time work unable to reach ‘acceptable’ living standard, study finds

Benefits must rise with inflation, say campaigners as families’ financial struggles revealed

The Independent UK

Here are the key factors that influence your mortgage interest rate

Some examples of the market conditions that can impact mortgage interest rates include inflation and the actions of the Federal Reserve.

Fortune

Negative equity is looming for some home owners – but you only need to worry if you need to sell

It feels like a perfect storm is building. The rising cost of living and higher interest rates are putting household budgets under stress, and falling house prices could push some home owners into negative equity.

The Conversation

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Newcastle Herald

Inflationary pressures could spell disaster for local government budgets across NSW

The sheer size of the forecast financial impacts have the capacity to decimate NSW council budgets and require the immediate attention of IPART and the government.

The Independent UK

VoteCast: Inflation, democracy drive demoralized US voters

The AP VoteCast survey shows that voters have become deeply discouraged about the state of America and its future

Fortune

Nouriel Roubini says it's 'mission impossible' for the U.S. to avoid a recession

History tells us a recession is all but guaranteed next year, and Dr. Doom warns it could combine the worst of two big economic crises in past decades.

StockNews.com

4 EV Stocks You Shouldn't Touch With a 10-Foot Pole

The EV industry has witnessed stupendous growth over the past few years thanks to technological advancements, growing acceptance, and government incentives. However, the industry has been plagued by high inflation, supply chain disruptions, rising raw material costs, and the semiconductor chip shortage. Given these factors, investors should stay away from…

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news in one place.

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Daily Mirror

Food bills will skyrocket by over £680 next year - full supermarket price comparisons

Figures out today from number crunchers Kantar revealed grocery price inflation reached 14.7 per cent last month, with food bills to skyrocket if shoppers continue to buy the same products

StockNews.com

2 Stocks to Help You Beat the Bear Market Blues

The Fed’s aggressive rate hikes to tame the stubborn inflation have led to widespread recession fears. The stock market has witnessed a significant selloff. Moreover, as the bear market seems not over yet, we think fundamentally strong dividend-paying stocks, Pfizer (PFE) and Kroger (KR), might help you beat the bear…

Wales Online

Groceries will continue to get more expensive, says forecast

A rise of up to 19% is a “fairly daunting prospect”, says expert

France 24

Fight for America's soul? High turnout in bitter battle for US Congress

Is democracy really on the ballot, as Joe Biden claims? The whole world is watching the US midterm elections: the first since Russia’s invasion of Ukraine fuelled soaring inflation and the first federal elections since Trump supporters stormed the Capitol. We ask about the issues that have pollsters predicting a…

Fortune

The Fed is pushing the economy ‘quite unnecessarily’ into a recession, J.P. Morgan strategist says

A recession is likely next year, but it may have been avoidable.

Daily Record

Expert shares ways to make food more exciting while on a budget

The cost-cutting hacks come as food inflation soars to a record 11.6 percent.

Daily Mirror

Tory MPs line up to demand state pension rise as triple lock pressure mounts

DWP chief Mel Stride said pensioners won't 'necessarily' be short-changed - as Tory MPs lined up to demand he keep the Conservatives' promise and raise them by 10.1% inflation

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