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The Latest Breaking News from Inflation

This week's change is the ‘single biggest tax cut in a decade’ Johnson and Sunak say

National Insurance threshold rise will save 30 million British workers up to £330 a year, PM and Chancellor pen in joint article

Chronicle Live

Parents dipping into children’s savings to pay soaring bills, poll finds

Britons are lifting around £8.5m a day from their children as costs continue to soar, survey found

The Independent UK

Boris Johnson's 40 'new' hospitals election boast to be probed by audit watchdog

The National Audit Office will carry out a 'value for money' review that reports back next year on spiralling inflation - and whether the 40 projects are really 'new' at all

Daily Mirror

From analysis to the latest developments in health,
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‘How are we supposed to live?’: fast-food workers squeezed by inflation

Workers at big chains struggle to make ends meet as prices increase but their wages have not

The Guardian - US

‘Single biggest tax cut in a decade’ announced by Boris Johnson and Rishi Sunak

National Insurance threshold rise will save 30 million British workers up to £330 a year, say Johnson and Sunak

Wales Online

PM and Chancellor unified in announcing ‘single biggest tax cut in a decade’

The pair said the tax cut will amount to £6 billion in value and lift ‘2.2 million people out of paying any National Insurance or income tax’.

The Independent UK

The case of the incredible shrinking fritter: A report from Kenya's street stalls

Inflation — fueled by the pandemic, the war in Ukraine and local issues — has made everything more expensive, including the oil used to fry street food. Here's how vendors and customers are coping.

WEKU

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Argentina Economy Minister Guzman resigns as divisions grow

Argentine Economy Minister Martin Guzman resigned Saturday, marking the biggest departure of President Alberto Fernandez’s government after infighting within the ruling coalition escalated.

Tribune News Service

‘1.2m’ pensioners dragged into paying income tax since Boris Johnson elected in 2019

Over-65s warned the taxman will take his ‘chunk’ of state benefit

The Independent UK

Boris Johnson’s pledge to build 40 ‘new hospitals’ faces Watchdog probe

National Audit Office review will consider increasing costs due to spiralling inflation and whether the hospitals will in fact be new

Wales Online

If the economy needs sacrifices, it will be workers who are thrown to the wolves

It’s a time of national emergency, the Tories tell us. But restraint is not a matter for everyone

The Guardian - UK

Dashboard of decline: seven charts that explain Britain’s economic crisis

The UK looks set for a recession and a longer battle with inflation than many of its neighbours. This is why

The Guardian - UK

True impacts of Ukraine war to spike food prices at the end of 2022, industry warns

Food inflation is currently at 6.7 per cent but is expected to reach 15 per cent later this year

Evening Standard

Fuel excise relief to end: Treasurer

Labor's Jim Chalmers says motorists should be ready for fuel prices to rise in September as economic challenges like high inflation take a toll.

AAP

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Bangkok Post

Made-to-order food price hikes below inflation -- just

The average price of made-to-order food per dish rose by 3.66 baht or 6.7% in May, according to a year-on-year comparison by Line Man Wongnai, operator of a popular food delivery platform.

StockNews.com

InfuSystem Holdings is Our Featured Stock of the Week…

Market conditions are changing. Concerns about recession are now more paramount than inflation. A winner of this changing dynamic is healthcare and biotech stocks. In today’s article, I want to talk about InfuSystem Holdings (INFU) which has these exact characteristics. .

Bangkok Post

Employers back wage hike

The Employers' Confederation of Thai Trade and Industry (EconThai) has come out in support of a daily minimum wage hike if the increase is appropriate based on current inflation.

Daily Mirror

VAT cut on the table as government looks to ease inflation amid cost of living crisis

Fears are mounting that the cost-of-living crisis could tip the UK into recession, as both households and businesses reduce their spending - now Steve Barclay has apparently suggested a temporary VAT cut

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StockNews.com

4 Ideal Stocks to Add to Your Portfolio in July

While sluggish consumer spending data led to the stock market ending the last trading session of June in the red, a moderate inflation forecast is nurturing hopes over the economy to avoid a recession. Therefore, investors might consider buying quality stocks ARC Document Solutions (ARC), Core Molding Technologies (CMT), DLH…

Benzinga

Bellbottoms and Bellwethers: Is It the 70s Again?

I was born in 1979, so any anecdotes about the rise of disco or the fall of Saigon have come, at best, second hand. So too are the stories of inflation on a scale so epic it makes 2022 seem like a consumer paradise.

StockNews.com

Wall Street Analysts Predict More Than 160% Upside in These Stocks

The high global inflation and hawkish federal reserve are leading to heightened volatility in the market. However, despite the market uncertainties, Wall Street analysts see a more than 160% upside potential in IonQ (IONQ) and Rigetti Computing (RGTI). Thus, these stocks could be ideal additions to your watchlist. Keep reading….

StockNews.com

3 Consumer Goods Stocks Wall Street Predicts Will Gain 60% or More

Although consumer confidence has been declining amid the rising inflation, stable job growth and rising wages are expected to support consumer spending. Given this backdrop, Wall Street analysts see a more than 60% upside potential in fundamentally sound stocks Amazon.com (AMZN), General Motors (GM), and Sea Limited (SE). Keep reading.

Benzinga

Apple, Microsoft, Disney And American Express Continue To Plummet: Dow Jones Index Has Worst First Half In Decades

The U.S. Stock Market has had a rough 2022 so far and the SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA: DIA) has been no exception to that. Since the start of the calendar year, the index has lost close to 6,000 points as inflation continues to rise and consumer spending falls.

Benzinga

Inflation Clobbers Small Business Owners, Driving Up Debt Amid Rising Rent Costs

Record-high inflation is having a traumatic impact on the U.S. economy and small business owners, with two new surveys charting the depth and scope of how the unwelcome new normal has disrupted operations.

StockNews.com

With Recession Risk Rising These Sectors Should Outperform the Broader Market

In a not very surprising turn of events, the bear market bounce has failed as we've given up more than half of its gains. I, think it validates our decision to sit on our hands. Another validation is weakness in energy and cyclicals - a dip that I am not…

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