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The Latest Breaking News from Inflation

Petition calling for cut in retirement age to 60 must get Government response

The petition already has over 61,000 signatures and is well on its way to being debated in Parliament

Wales Online

Student loan interest rate capped in Wales as inflation soars

Interest rates on loan repayments will be capped at 6.3% until December

Wales Online

11 crisis issues in Liz Truss's bulging in-tray now she will be Prime Minister

The new Prime Minister inherits an economy that is juddering towards recession, a hike in energy bills and businesses on the brink of bankruptcy, writes Assistant Editor Jason Beattie

Daily Mirror

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Democrats look to prove economic credentials in battle for midterms

Party aims to reframe narrative that Republicans are natural custodians of economy and alleviate voters’ inflation concerns

The Guardian - US

Cost of living: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

Patrick Minford: maverick economist who inspired Truss and Thatcher

Brexiter tells Guardian that new PM understands need for tax cuts and orthodoxy must be challenged to revitalise economy

The Guardian - UK

Tens of thousands of firefighters to be balloted on whether to strike over pay

The Fire Brigades Union said the move follows a 2 per cent pay offer made in June, which has not been increased despite the soaring rate of inflation

Evening Standard

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Energy bill freeze would mean shallower UK recession, but borrowing fears drive up gilt yields – as it happened

Concerns that Liz Truss’s energy price freeze will drive up UK borrowing have pushed 10-year gilt yields to the highest in over a decade

The Guardian - UK

Worst supermarket price rises revealed out of Tesco, Morrisons, Asda, Aldi and more

Supermarket prices have continued to rise - but which out of Tesco, Asda, Aldi, Sainsbury's and Morrisons have risen the most over the last year, according to industry data?

Daily Mirror

Firefighters and control room staff to be balloted for strikes over pay

The Fire Brigades Union said the move follows a 2% pay offer made in June, which has not been increased despite the soaring rate of inflation.

The Independent UK

New UK Leader Promises to Tackle Energy Crisis, Economy

Liz Truss took over as British prime minister on Tuesday, vowing immediate action to tackle one of the most daunting set of challenges for an incoming leader in post-War history led by soaring energy bills, a looming recession and industrial strife. Truss, the fourth Conservative prime minister in six years,…

Asharq Al-Awsat

Newcastle homeowners feel the pinch after latest rate rise

The official interest rate jumped 0.5 per cent bringing it to 2.35 per cent and at a seven-year high on Tuesday.

Newcastle Herald

Australia central bank lifts cash rate to 2.35% in 5th hike

Australia’s central bank has boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%

The Independent UK

RBA interest rates: Reserve Bank raises official rate to 2.35% amid inflation fears

The RBA decision brings the cash rate to the highest level since 2015, with mortgage holders set to face higher repayments

The Guardian - AU

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The New Daily

Reserve Bank hikes interest rates to seven-year high

The Reserve Bank has lifted the official cash rate by another 0.5 basis points, to take official rates to a seven-year high.

Bangkok Post

Wage hikes make little impact: expert

Minimum wage rises have failed to keep up with GDP growth with workers on the lowest rung in society receiving only a 15-baht hike in the daily wage in the last 10 years, according to a Thammasat University economist.

The Independent UK

Consumer spending slows in August as inflation bites

Separate figures from Barclaycard also showed that card spending slowed to its lowest levels for more than a year.

Bangkok Post

Digital business confidence low amid economic woes

Business confidence among digital-related enterprises showed no marked improvement in the second quarter, based on a recent Digital Sentiment Index survey, as Thailand grapples with high inflation, international conflicts and uncertain state policies, says the Digital Economy Promotion Agency (Depa).

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news in one place.

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Bangkok Post

Inflation expected to peak in third quarter

Thailand's inflation is expected to peak in the third quarter and decelerate in the final quarter, leading the rate for the whole year to move in line with the Commerce Ministry's 2022 target of 6%.

Glasgow Live

New State Pension petition calls for £380 weekly payment for pensioners due response

The petition, which also is calling for the official age of retirement to revert back to 60-years-old, is due a response over the £380 weekly payment that is needed for those over 60.

The Guardian - UK

Liz Truss triumphs – but she is already running out of time

Storm clouds are predicted for her first speech to the nation, as the new prime minister faces soaring bills and inflation

Bangkok Post

Riding investment volatility to glory with the Nasdaq-100 Index®

The first half of 2022 has proven to be one of the most challenging environments for investors to navigate in decades. Inflationary pressures arose in 2021 as the world started reopening following mass vaccination against Covid-19. Nevertheless, inflationary pressures have only increased, forcing the Federal Reserve into an extremely hawkish…

The Guardian - UK

UK facing 1970s-style balance of payments crisis under Liz Truss

Tax cuts and spending pledges could alarm global markets and trigger a 30% collapse in sterling, Deutsche Bank warns

Evening Standard

Who is to blame for the cost of living crisis?

With talk of inflation set to hit 20 per cent and Britons braced for the biggest hit to living costs in a generation, Greg Marsh asks: who is to blame?

Chicago Sun-Times

Congress can do more to reduce prescription drug costs

The Inflation Reduction Act is a huge step in the right direction. Two proposed laws would do more to help millions of Americans afford the prescriptions they need.

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