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The Latest Breaking News from Inflation

The Queen's Speech - what was in it, what wasn't and what you should know

A total of 38 Parliamentary laws were set out in today's speech, but it failed to mention some key measrues

Daily Record

Blast from the past as currency speculators circle weakened pound

Analysis: Experts warn that sharp losses for sterling could drive up cost of imports and invite attacks on the currency

The Guardian - UK

5 Stocks to Avoid on a Slowdown in E-Commerce Sales

Amid vexing inflation and hawkish federal monetary policy stance, the e-commerce sector suffered a significant earnings decline in its latest quarter. Given the bearish market sentiment, we think it could be wise to now avoid overvalued e-commerce stocks Etsy (ETSY), eBay (EBAY), Shopify (SHOP), Amazon.com (AMZN), and Wayfair (W). Read…

StockNews.com

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Queen' Speech: Seven changes that will affect you and your money

More powers for renters, lower inflation and quicker benefits for the terminally ill were among the changes announced

Chronicle Live

We checked if Tesco's cans and wine have been hit with inflation since the January price hike - and the answer is clear

A few months after minimum unit pricing came into effect, we went to Tesco and compared the prices of beer and wine now to see if inflation has also impacted the cost of booze

Irish Mirror

Buy the Dip: 2 Oversold Travel Stocks

Although the travel industry rebounded from its pandemic lows last year with the lifting of COVID-19 restrictions, rising inflationary pressure and a potential recession due to the Fed’s hawkish stance have driven a massive stock market sell-off lately, causing many travel stocks to enter oversold territory. However, increasing advanced bookings…

StockNews.com

Tories accuse Labour MSP of 'all-out communism' after call to outlaw private profit

TORIES have attacked a Labour MSP after she suggested outlawing private profits could be a solution to the current inflation crisis.

The National (Scotland)

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5 Blue-Chip Stocks Outperforming the Market in 2022

The stock market closed in the red yesterday as concerns about inflation again spooked investors. Blue-chip stocks are known for their rich history of sustained gains. Hence, we think blue-chip names Walmart (WMT), AbbVie (ABBV), Cigna Corp (CI), International Business Machines (IBM), and Johnson & Johnson (JNJ), whose stocks have…

StockNews.com

US gasoline price hits record with driving season looming

U.S. retail gasoline and diesel prices rallied to a record just ahead of the nation’s summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.

Tribune News Service

Ministers have ‘buried their heads in the sand’ over the cost-of-living crisis

Groups have criticised the Government for failing to use the Queen’s Speech to deal with the cost-of-living crisis.

The Independent UK

Gas prices hit new all-time high

The new record comes as high inflation puts pressure on the Biden administration to help consumers.

Axios

Joe Biden calls inflation his ‘top domestic priority’ but blames Covid and Putin – as it happened

President says he understands American’s frustration with Democrats, who control all three branches of government: ‘I don’t blame them’

The Guardian - US

Boost for Irish pubs and restaurants as hospitality VAT rate of 9% to be extended for six months

The rate is set to stay until at least February 28 2023

Irish Mirror

Five things that economists know, but sound wrong to most other people

Economists have shaped the modern world in many ways. Governments make policy choices in response to the data that we produce about things like GDP and inflation. Social media companies use our insights about human behaviour to create features that encourage people to use their platforms. And we’re at the…

The Conversation

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Daily Mirror

Queen's Speech: 7 changes that affect your money including more rights for renters

More powers for renters, lower inflation and quicker benefits for the terminally ill were among the changes announced in this year's Queen's Speech, but there is no new help for the cost of living crisis

Reuters

Ukraine war fuels food crisis in distant Africa

Zimbabwean security guard Edwin Dapi was already struggling to provide for his wife and four children before a conflict 11,000 km (6,800 miles) away in Ukraine sent global prices for grains, cooking oils, fuel and fertilizer soaring.

Edinburgh Live

Martin Lewis' urgent warning to 2.6million people on benefits amid DWP switchover

More than 2.6million people on legacy benefits will start to be moved over to Universal Credit from this week in an automatic process that was previously halted due to the Covid-19 pandemic.

The Independent UK

Johnson warns Queen’s Speech cannot shield people from cost-of-living squeeze

The Prime Minister acknowledged people were ‘anxious’ and struggling with bills but he could not ‘completely shield’ them from global economic forces.

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The Conversation

View from The Hill: Albanese and Morrison caught on fly-papers of wages, gender

Both Anthony Albanese and Scott Morrison landed themselves onto the sticky paper on Tuesday, as they trudged through this campaign’s penultimate week.

Manchester Evening News

Martin Lewis warns a new Universal Credit system is coming that will leave Brits worse off

The Money Saving Expert has warned the government is going to move people onto a new system where they willearn substantially less amid a cost of living crisis

Axios

Don't expect the Fed to bail out the stock market this time

The days of the 'Fed put' are probably over

Daily Mirror

Tesco customers' heartbreaking requests to staff as boss demands tax on energy giants

John Allan, the chairman of Tesco said there is an “overwhelming need” for a windfall tax on energy companies after seeing the supermarket’s customers “extremely stretched”

Evening Standard

Fears more High Street stores could collapse as spending falls

The BRC and KPMG warned that retailer will struggle to absorb rising costs

Los Angeles Times

George Skelton: Everyone wins in compromise to increase malpractice payouts — especially victims

SACRAMENTO, Calif. — It's being called the Sacramento equivalent of the Berlin Wall falling. Or a Middle East peace pact.

Daily Mirror

Martin Lewis issues warning to 2.6million people on benefits as DWP switchover begins

More than 2.6million people on legacy benefits will start to be moved over to Universal Credit from this week in an automatic process that was previously halted due to the Covid-19 pandemic

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