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The Latest Breaking News from Inflation

Jubilee weekend fails to lift spirits at London pub operator Mitchells & Butlers

Inflation hits customer spending power and lifts costs across the hospitality industry

Evening Standard

Tory leadership race: Five key challenges for next Prime Minister

What’s top of the in-tray for Rishi Sinak or Liz Truss?

Evening Standard

Europe's central bank to join global push for higher rates

The European Central Bank is ready to join the U.S. Federal Reserve and the Bank of England in a global rush to raise interest rates and put a lid on galloping inflation

The Independent UK

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Liz Truss vows to ‘bulldoze through’ policies needed to save Britain from recession

The Foreign Secretary denied her proposed tax cuts of around £30 billion would worsen the cost-of-living crisis by fuelling inflation

Evening Standard

The Mancunian Way: Stubbed toes in A&E

Read the Mancunian Way newsletter for Wednesday July 20, 2022.

Manchester Evening News

Soaring inflation pushes interest payments on UK debt to record high in June

Potential for future tax cuts narrows with budget deficit on course to top £100bn this year

The Guardian - UK

Asda, Tesco, Sainsbury's, Morrisons and Lidl shoppers issued bleak £454 warning

The report found that grocery price inflation has leapt a whopping 9.9% over the four weeks.

Daily Record

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Myanmar's economy fragile as fighting, inflation hit poor

Reports by the World Bank and other experts say army-ruled Myanmar's economy remains fragile as civil strife, inflation and onerous policy decisions add to troubles facing farmers and businesses

The Independent UK

Cost-of-living crisis continues as many Paisley locals struggle on

Paisley people are trying their best to surge on despite the inflation increase to 9.4 per cent

Daily Record

Liz Truss claims tax cuts will not affect inflation as she battles Rishi Sunak over Thatcher legacy

Both candidates for the Tory leadership have attempted to cloak themselves in a Thatcherite mantle as promises of tax cuts become the dividing line in the six week campaign.

Daily Record

Editorial: Congress’ health care inaction could leave more Californians vulnerable to COVID variants

More than two years into the pandemic, it’s unsettling to imagine a scenario in which hundreds of thousands of Californians are exposed to evasive coronavirus subvariants without access to health care while others experience further financial strain amid record inflation. Yet Congress’ reluctance to extend COVID subsidies could force an…

Tribune News Service

Tyler Cowen: The strong dollar is a vote of confidence in America

U.S. price inflation is at 9.1% and a there is a fiercely strong dollar, a pair of statistics that was certainly unexpected a year ago and even now seems odd. On closer inspection, however, these numbers reflect a world in which the U.S. is still seen as a leader —…

Tribune News Service

Join us LIVE as experts explain what 9.4% inflation means for you and what to do about it

Mirror business editor Graham Hiscott will be joined by Mirror Money reporter Sam Barker on July 21 at 1pm to run through everything you need to know about how to take control over soaring inflation

Daily Mirror

This summer’s strikes are already working – unions, set your sights even higher

With spiralling inflation and a tight labour market, workers’ power is on a high. But that doesn’t guarantee success, writes labour correspondent Polly Smythe

The Guardian - UK

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Insider UK

Scottish licensed trade calls for VAT cut to support hospitality as inflation soars

Many businesses no longer open seven days because of rising energy costs and a lack of staff

Evening Standard

FTSE 100 Live: Borrowing at £22.9bn on record interest bill, ECB rates

A record £19.4 billion of interest payments were made on government debt last month as inflation surged, official figures revealed today.

The Independent UK

Asia shares slip on inflation, China fears despite US rally

Asian shares have mostly fallen on persistent concerns about inflation and the Chinese economy, despite an overnight rally on Wall Street

The Guardian - UK

Interest rates: the three central banks facing one tricky balancing act

In the fight against inflation the ECB, Bank of England and Federal Reserve risk either doing too much too soon, or too little too late

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Liverpool Echo

10 items rapidly rising in price during cost of living crisis as inflation soars

People's money isn't going as far as it should be so household bills, food and fuel are costing more and more

Daily Record

UK Government needs to act on soaring inflation, says ex-PM Gordon Brown

As the Office for National Statistics announces that inflation has hit 9.4% the former Prime Minister, together with social policy expert Donald Hirsch, says that more action is needed to tackle the cost-of-living crisis.

Birmingham Post

Earnings are up across the East Midlands - but failing to keep up with the level of inflation

TUC calls cost of living crisis 'the worst pay squeeze in modern history'

Bangkok Post

Growth forecast slashed for developing Asia as prices soar

MANILA: The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.

The Times of India

As rupee sinks & inflation soars in US, desi students abroad left counting their dollars

KOLKATA: Most parents with children studying in the US or headed west for the fall semester are under a lot of financial stress as the cost of living and studying in America keeps shooting up due to rising US inflation and sinking Indian rupee.

Benzinga

'The Bear Market Is Over': Sundial Research Founder

The S&P 500 has experienced 110 reversals in the previous 135 sessions, representing 1% shifts from high or low to close. Recent sessions have seen an extraordinary increase in the volume of buyers who are eager to acquire visibility.

Newcastle Herald

From Reserve Bank encouraging wage increases to keeping a lid on a feared inflationary spiral

Rising inflation will test the industrial relations system

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