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The Latest Breaking News from Inflation

Slightly fewer Americans apply for jobless aid last week

Applications for jobless benefits fell slightly last week with the U.S. job market remaining resilient in the face of rising interest rates and persistent inflation

The Independent UK

UK headed for longest recession in century, says Bank of England

Recession could last well into 2024, says central bank as interest rates hiked

The Independent UK

UK could be facing longest recession since records began as interest rates go up

Homeowners are set to face the biggest single shock on their mortgage bills since the 1980s as the Bank of England hiked interest rates for the eighth time in a row. The Bank’s base rate will rise to 3% from 2.25%, its highest for 14 years

Wales Online

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Bank of England confirms biggest interest rate hike since 1980s

The UK could be facing the longest period of recession since reliable records began

The Independent UK

'Life tough for millions', warns Sainsbury's boss amid cost of living crisis

Customers are said to be watching 'every penny and every pound'

Wales Online

How interest rates rise will affect you as Bank of England hikes rate to 3%

Thursday's increase is the biggest single rise in 33 years and it could have major implications for mortgage holders

Wales Online

Scots face mortgage spike as biggest interest rate rise since 1980s announced

The Bank warned the UK could be on course for the longest recession since reliable records began in the 1920s.

Daily Record

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How high could interest rates go after hitting 3% today - and why they're rising

The Bank of England has today hiked interest rates to 3% - but will interest rates keep rising? Market analysts suggest they will - but predictions have been scaled back in recent days

Daily Mirror

Bank of England warns of longest recession since the 1930s

Interest rate rise to 3% is biggest since 1989 and fears UK economy may go into longer, deeper recession

The Guardian - UK

A brief history of the mortgage, from its roots in ancient Rome to the English 'dead pledge' and its rebirth in America

The average interest rate for a new U.S. 30-year fixed-rate mortgage topped 7% in late October 2022 for the first time in more than two decades. It’s a sharp increase from one year earlier, when lenders were charging homebuyers only 3.09% for the same kind of loan.

The Conversation

Interest rates hit 3% in biggest rise in 30 years - what it means for your money

The Bank of England has hiked interest rates to 3% - but what exactly does it mean for your mortgages, debts and savings? We explain everything you need to know

Daily Mirror

Social housing rent rises to be capped lower than inflation for Nottinghamshire tenants

Some councils have already begun budgeting for the five per cent cap

Nottingham Post

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

UK inflation hit a 41-year high in October as gas prices soar

The Independent UK

Sainsbury's boss warns shoppers are 'watching every penny' and admits 'life is tough'

Chief executive Simon Roberts said Sainsbury's is trying to keep prices down, as its pre-tax profits fell by 8% to £340million after being hit by higher costs and higher wages

Daily Mirror

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Asharq Al-Awsat

Yearly Inflation in Türkiye Rises to New 24-year High of 85%

Annual inflation in Türkiye continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country. Consumer prices rose to 85.51% in October from a year earlier, and by 3.54% from the previous month, the Turkish Statistical Institute…

The Independent UK

Inflation puts tighter squeeze on already pricey kids sports

Sticker shock in youth sports is nothing new, but the onslaught of double-digit inflation across America this year has added a costly wrinkle on the path to the ballparks, swimming pools and dance studios across America

Daily Record

Scotland struggling to recruit health workers because of Brexit, warns John Swinney

The Deputy First Minister has this week announced another round of spending cuts as he tries to balance the books at a time of soaring inflation and huge pressure on the NHS.

The Independent UK

UK poised to enact biggest interest rate hike in 3 decades

The Bank of England is expected to announce its biggest interest rate increase in three decades as it seeks to beat back stubbornly high inflation fueled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss

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The Guardian - UK

BT warns of more job losses as rising bills force bigger cost-cutting drive

Telecom giant blames 18% fall in profits on need for extra savings after £200m energy bill increase and soaring inflation

France 24

‘Just trying to cut costs’: Inflation squeezes Memphis business owners, farmers

Ahead of the November 8 midterms, FRANCE 24 takes you on a tour down the Mississippi River with a series of reports by Fanny Allard. The fourth of five episodes brings us to Memphis, Tennessee, where high inflation is forcing small business owners and farmers to reassess and alter their…

The Independent UK

Yearly inflation in Turkey rises to new 24-year high of 85%

Annual inflation in Turkey continued to rise in October and push the price of essential goods higher and amplifying a cost-of-living crisis in the country

The Independent UK

Interest rates: What are they and how does a rise affect you?

Bank of England implements biggest hike in more than 30 years

The Guardian - UK

UK in ‘prolonged recession’ as Bank of England hikes interest rates to 3%, knocking pound – as it happened

Bank of England has made its biggest interest rate rise in three decades, but signals rates won’t rise as high as markets had expected

Evening Standard

FTSE 100 Live: Pound drops 2% as Bank of England hikes rates into longest recession in modern history

US jobs figures will today keep monetary policy in the spotlight after a week of outsized interest rate movements.

The Independent UK

Asia stocks fall after Fed says more US rate hikes likely

Asian stock markets have sunk after the Federal Reserve added to fears of a possible recession by saying it wasn’t finished raising U.S. interest rates to cool inflation

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