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The Latest Breaking News from Inflation

Will submit to the majesty of law: Sidhu after Supreme Court sentences him to one-year jail

Chandigarh

The Hindu

What stagflation means and what Biden could do about it

High inflation tends to break out when economic growth is really roaring.

Axios

Martin Lewis in civil unrest warning as energy bills set to rise even further

MARTIN Lewis last night sent a warning to Westminster if the Government fail to act upon the cost of living.

The National (Scotland)

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Will submit to the majesty of law: Navjot Sidhu after SC sentences him to one-year jail

CHANDIGARH: Soon after the Supreme Court imposed a one-year jail term on him in a 1988 road rage case, former Punjab Congress chief Navjot Singh Sidhu said on Thursday he "will submit to the majesty of law."

The Times of India

Conservative incumbent in Canada's Ontario leads two weeks ahead of vote

Incumbent Progressive Conservative Doug Ford is leading the race to win a second term as Ontario premier with promises of tax relief at the gas pump amid soaring inflation and fixing clogged highways in Canada's biggest city, Toronto.

Reuters

Union calls for change following strikes in North Sea

Oil rig workers have downed tools as wages no longer match rises in inflation

Insider UK

Calls to increase DWP benefits and State Pension before next April to help people with soaring living costs

The annual uprating is determined by the previous September’s inflation rate.

Daily Record

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Russia-Ukraine war impact draws focus of G7 finance leaders

Finance ministers for the Group of Seven leading economies on Thursday will deal with the immediate effects of Russia’s war in Ukraine and the COVID-19 pandemic, overtaking their more ambitious plans to reform the global economy

The Independent UK

Inflation threatens Sunday pub roast as Young’s takes chicken off the menu

CEO Patrick Dardis said: ‘We will sell out the fresh chickens we’ve got in our fridges, and we won’t be ordering any more.’

Evening Standard

Stock markets tumble as inflation surges and recession fears intensify

96 of top 100 shares fall into the red as warning signs flash for global economy

The Independent UK

Royal Mail warns another hike in stamp prices is likely after April increase

Postal service says potential rise would help offset higher staff and energy costs and fall in parcel deliveries

The Guardian - UK

7 plans Rishi Sunak may have for your wallet after fury at cost of living 'dithering'

A business chief blasted 'what are we waiting for?' after Chancellor Rishi Sunak said 'the next few months will be tough' at a CBI dinner - and sources briefed out a flurry of unconfirmed tax changes

Daily Mirror

Philippines raises rate for first time since 2018

The Philippine central bank raised its key interest rate for the first time since 2018 to combat Southeast Asia’s second-fastest inflation.

Bangkok Post

Helping cash-strapped Britons won’t add to inflation, says CBI

Chief of business association calls for stimulus that aids ‘hardest hit’ with rising food and fuel bills

The Guardian - UK

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Wales Online

Minister orders police not to ignore shoplifters just because they are starving

Police forces had been advised to use discretion on whether to prosecute people during the cost of living crisis

The Independent UK

Don’t ignore shoplifters, minister says, after watchdog urges ‘discretion’

Policing minister Kit Malthouse says officers should not turn a blind eye to stealing during the cost-of-living crisis.

The Guardian - UK

Partygate: Boris Johnson ‘told barefaced lie’, says Labour, as Covid victim group urges Tory MPs to remove PM – as it happened

PM told he won’t be fined again; Sue Gray report to be published ‘as soon as possible’; Emily Thornberry says PM lied to Commons; victim group reacts

The Guardian - UK

Inflation hits small firms: ‘Covid was a walk in the park compared to this’

As inflation hits 9%, four English businesses explain how they are negotiating soaring prices

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The Independent UK

House prices: Will rising interest rates cause a property market crash?

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?

The Times of India

Global economy loses $1.6 trillion as world struggles to avoid a new cold war

LONDON: The ties that bind the global economy together, and delivered goods in abundance across the world, are unravelling at a frightening pace.

Daily Mirror

Royal Mail warns stamp prices will go up AGAIN amid cost of living crisis

The Royal Mail said rising inflation means it will have to hike its prices beyond those announced last month, worsened by the fact that Brits are sending more parcels and fewer letters

Daily Mirror

Police should use 'discretion' on shoplifters amid cost of living crisis

Andy Cooke, HM chief inspector of constabulary, said petty crime fuelled by the cost-of-living crisis would pose a challenge for policing as more people fall into poverty

The Independent UK

Asian shares track Wall Street's inflation-fueled retreat

Shares are sharply lower in Asia after a broad retreat on Wall Street

The Guardian - UK

FTSE 100 slide as recession fears weigh on markets – as it happened

Rolling coverage of the latest economic and financial news, as European stocks drop after Wall Street’s worst day since 2020

Manchester Evening News

Police should use 'discretion' over prosecuting people stealing to eat in cost of living crisis, says top cop boss

Andy Cooke said he expects to see a rise in petty crime

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